Trump FY 2020 Budget Deficit Sets Record--More Than Twice The Former Largest Deficit In History!

Well MAGA folks, you've got it! Trump DID run the country like his businesses! His FY 2020 Budget Deficit of $3.1 trillion was more than twice the largest deficit in history coming out of the Bush/Republican Great Recession of 2008-2011 ($1.41 trillion). That's as much in [b]one[/b] Trump Year as in the last [b]five[/b] Obama Years! And you MAGA hatters and everyone else get to pay it back! For those of you Trump cultists that still believe in or can do math, that's $9,600 for every man, woman, and child in the nation added to your debt just this past fiscal year! MAGA!

https://www.politico.com/news/2020/10/16/federal-deficit-triples-429911

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CountScrofula · 41-45, M

I'm cautious about deficit stuff since most of that money is owed to yourself anyways. That said I find it endlessly fascinating that he's just a boring normal conservative politician on steroids (literally in this case). Campaign on fiscal prudence and spend more money stupider and faster than anyone who came before him.

windinhishair · 61-69, M

@CountScrofula Good points. If you go back in history, it is the Republican presidents who spend the majority of our national debt, not the Democratic ones, despite what the Republicans will tell you about how they are the fiscal conservatives. The Bushes did the same, as did Reagan. People don't realize that Reagan's [b]smallest[/b] deficit was larger than Carter's [b]largest[/b].

Kwek00 · 41-45, M

@CountScrofula In the english speaking world, he kinda changed the big "conservative blob" that excists in a voting system that creates 2-party systems. Since the 80s these blobs were advocating to lower the deficit as a whole and to cut deficit spending because it was bad management. The Republican party in the US has moaned for years that it's the other side of the political spectrum that were the big spenders. But Trump kinda made the entire blob love deficit spending in 4 years time. I think that's quite remarkable papa.

LeopoldBloom · M

@CountScrofula Here's an explanation of why the deficit is a non-issue.

https://www.quora.com/People-say-that-the-US-debt-is-not-a-problem-but-how-is-this-the-case-if-the-interest-on-the-debt-is-about-to-cost-more-than-all-military-spending/answer/David-Muccigrosso

CountScrofula · 41-45, M

@LeopoldBloom Good post! And yeah exactly. Frankly I'd prefer if a different word was used than debt/deficit even though they're basic accounting terms because you get this political haze that covers it.

LeopoldBloom · M

@CountScrofula Muccigrosso really does his research. It's a complicated topic. Most people don't go much further than "if you can't run your household on a deficit forever, why does anyone think the government can?"