Donald Trump Would Push Debt To Highest Level In U.S. History, Report Says Making America great aga

[riversedge]

Source: huff post





Donald Trump Would Push Debt To Highest Level In U.S. History, Report Says
Making America great again — by running up huge IOUs.


06/26/2016 07:00 pm ET | Updated 45 minutes ago

Jonathan Cohn Senior National Correspondent, The Huffington Post

Donald Trump’s policy agenda would quickly push the national debt to its highest level in history, according to a new report.

The analysis, which the nonpartisan Committee for a Responsible Federal Budget published Sunday evening, represents one of the first serious efforts to assess how electing Trump or his chief rival for the presidency, former Secretary of State Hillary Clinton, might affect federal finances over time.

Rather than focusing on individual policy initiatives — like Trump’s call to abolish the estate tax, or Clinton’s pledge to help working parents pay for child care — this new analysis takes into account all of the candidates’ proposals to date, in order to assess how they would alter the federal budget and, ultimately, the amount of debt that the public holds.

................................

The resulting contrast was stark. As the report demonstrates, the election doesn’t simply present Americans with a choice between a politician who disparages entire ethnic and religious groups and a politician who preaches the virtues of diversity. It also offers a choice between a candidate who’d create vast new deficits for the sake of some highly questionable tax cuts — and one proposing a more modest agenda of expanded government programs, with added revenue that would cover nearly all of their cost............................






Read more: http://www.huffingtonpost.com/entry/donald-trump-debt_us_57701efbe4b0dbb1bbbae2c9

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Not a good week for the bigot Trump!

[ailsagirl]

1. "Not a good week for the bigot Trump!"

Good. I hope the next few months will be utter and absolute hell for him.

[Tal Vez]

2. well, here's another reason to vote for Clinton. ;)

[Skittles]

3. Trump would just try to declare bankuptcy

fucking con man

[Yo_Mama_Been_Loggin]

5. Yep

Like he's always done business.

[truthisfreedom]

16. He'd attempt to renegotiate our debt by offering to pay back half. Like he always does.

Like he did with his casinos.

I'm not exaggerating... he's SAID as much. He has actually suggested that we offer to pay China back HALF what we owe.

[Press Virginia]

4. He'd be a disaster but HRC would also send the debt to the highest level in history

Based on the chart.

The debt is going to grow, the question is by how much...and Mr I Love Debt isn't going to have the lower number

[Person 2713]

6. Woo Hoo who cares . Build the wall ! Investigate all Muslims . The debt will be huuuge. Biggest

Baddest ever!

[yeoman6987]

9. Trump said he'd pay off the debt by selling our assets like the Grand Canyon

and my Rushmore and all federal land, but that'd only put 3.9 trillion towards the debt. Where's the other 16 trillion come from? I shutter to think.

[cstanleytech]

7. Unless LBN rules have changed regarding analysis pieces you might wanna re-post to General. nt

[PatrickforO]

8. Well Republican tax policies are disastrous in general.

You can't cut, cut, cut taxes and expect to still be able to pay for the basic services of government.

But then, has anything the Republicans have done since 1981 helped any of us? Because I can't think of anything...

[Person 2713]

10. When they get voted out and leave office ....only thing that helps the USA

[Feeling the Bern]

11. I wonder where the budget hawk in the GOP are on this one. . .oh, I forgot

deficits and debts are just honky-dory when Republican policies case them. If a Democratic policy increases it a tick, they are screaming "tax and spend," "austerity," and for more tax cuts for the wealthy to "stimulate growth."

I'm sure that shitgibbon Paul Ryan will weigh in negatively on this plan of the Orange Hair hat. But I won't hold my breath!

[riversedge]

12. Have not heard a peep yet.

[Yallow]

13. Our Children Can Pay It All Off Right?

Right?

[Yupster]

15. Bush doubled the national debt from $ 5 trillion to $ 10 trillion

Obama doubled it again to $ 20 trillion.

Now all of the sudden we're supposed to start worrying about the debt?

[senseandsensibility]

14. Basically, repugs love spending tax payer money

as long as it goes to their cronies. This is well supported by the facts.

[jtuck004]

17. Invest in working Americans instead of bank$ters? Worked for FDR...

Though I have a feeling that's not what he is suggesting.

[Odin2005]

18. Wow, relative to GDP our national debt actually doesn't look that bad.

IIRC Japan's is something like 250%.

[Yupster]

22. I don't know about that number

I remember it was big news a few years ago when our debt to GDP ratio went over 100 %.

Here's a site from the Federal Reserve. It shows us at 105 % as of first quarter 2016.

If interest rates rise 3 % the additional.l annual debt payments would be $ 570 billion dollars.

https://fred.stlouisfed.org/series/GFDEGDQ188S

[Sunlei]

19. Republicans love to squander 'free' government money as if it was theirs alone.

[IronLionZion]

20. The Trump story always ends at chapter 11

screwing his investors, in this case it's the American people

[riversedge]

21. Lets work not to let that happen.