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Are you better or worse off under Trump...be honest..financially

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jackson55 · M
Yes. The economy hasn’t been this good in a long time.
windinhishair · 61-69, M
@jackson55 How well do you think it will do in the future now that we are running trillion dollar deficits every year with no plan to bring it under control?
jackson55 · M
@windinhishair I guess we’ll have to wait and see. The democrats don’t have any idea how to control spending either. At least they haven’t in the past.
windinhishair · 61-69, M
@jackson55 Obama brought the deficit down by 2/3, so it is clear that there was some understanding of control. But Trump has blown right through that and doubled the deficit in his first three years. The economy is on a sugar high with Trump. It won't be pretty when it crashes. But as Trump has said "who the hell cares about the debt?"
Platinum · M
I'm sure Obama raised the deficit by nearly 9 trillion the highest ever...they estimate Trump will add 5 trillion at the end of his term....every president adds more than the last, it's normal@windinhishair
windinhishair · 61-69, M
@Platinum No, it isn't normal. Obama was trying to recover from the Bush/Republican Recession, which he successfully did by the end of his terms in office. Most of our national debt was incurred under Republican presidents. Reagan, Bush Jr., and Trump all created huge deficits through tax cuts. They always come back to create economic problems and make it very difficult to balance the budget.
Platinum · M
Obama still raised the deficit higher than any other president and you said he lowered it....if Trump increased the deficit to lower taxes, then the people gain from it....@windinhishair
windinhishair · 61-69, M
@Platinum You are confusing the annual deficit and the national debt. I said Obama lowered the deficit by 2/3. I am correct. The debt continued to go up, because he was starting with the biggest deficit in history created by the Bush/Republican Recession. Trump has doubled the deficit in the past three years, and the debt will skyrocket as a result. You are incorrect--the people do not gain from runaway national debt. The top 1% will. Trump will. But the vast majority of people will not benefit.
Platinum · M
As I said the debt goes up with each president, if you mean the yearly deficit , that went up each year and the national debt went up by nearly nine trillion....you cannot defend it....but I'm not blaiming Obama , it's what happens and it don't matter how much they owe it's if they can afford it....@windinhishair
windinhishair · 61-69, M
@Platinum That's just the issue. We cannot afford to continue to run a huge and increasing deficit, ballooning up the national debt. Even if you cut taxes. Eventually the people end up paying.
Platinum · M
Every president will increase the ND....it will not change and if Trump gets another four years and adds nine trillion to the debt , he will have done well.....you will find it happens in most countries....@windinhishair
windinhishair · 61-69, M
@Platinum That isn't necessarily true. Clinton ran a surplus over his last two years in office. A surplus over time would actually decrease the national debt. You're delusional if you think adding another 9 trillion to the debt is a good thing. Deficit spending may be necessary in some cases, but it cannot consume an ever increasing proportion of federal spending.
Platinum · M
So it's insults now, I never said it was a good thing , I said if he keeps the deficit the same as Obama then that will be better than increasing it...I've been respectful, you should try it....@windinhishair
windinhishair · 61-69, M
@Platinum Obama was handicapped by the effects of the Bush/Republican Recession. Doing that again will NOT be a good thing for anyone. The deficit needs to decrease for us to have a healthy, sustainable economy. I have been respectful--it is delusional thinking to believe that having the equivalent of the worst recession since the Depression again in the next five years would be a good thing.
Platinum · M
@windinhishair telling someone they are delusional when you have read their comment wrong, is an insult....can't you understand, the ND always goes up, it's a fact....let's leave it there
windinhishair · 61-69, M
@Platinum It is thinking like that, that keeps it going up. When you run a surplus and control your interest payments on the debt, it can go down. We've had a surplus during my lifetime, just 20 years ago, and should be running one now, but we chose as a nation to borrow money we don't have to give to the wealthy. That isn't a good thing for many, many reasons. But yes, let's leave it there. Enjoy your evening.