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DonViejo

(60,536 posts) Fri Jan 4, 2019, 10:22 AM Jan 2019

CNN: America's National Debt Under Trump Reaches New High of $21,970,000,000,000

by Colby Hall | Jan 4th, 2019, 8:41 am

There was a time, not that long ago when Republican politicians believed that the most pressing issue facing America’s future. According to recent figures released by the Trump administration’s Treasury Department, the U.S. National debt has hit a record high of $21.9 trillion.

CNN’s Christine Romans filed a report on New Day Friday morning that put the current federal financial situation in stark relief. Part of the reason for the record debt? Less money coming in according to the congressional budget office.

Chairman of the White House’s council of economic advisers Kevin Hassett has claimed that President Donald Trump is absolutely concerned about record debt, saying the Commander in Chief has “ordered the cabinet agencies to cut their spending by 5% almost across the board so he is beginning to focus on spending.”

video
https://www.mediaite.com/tv/cnn-americas-national-debt-under-trump-reaches-new-high-of-21970000000000/

3 replies

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CNN: America's National Debt Under Trump Reaches New High of $21,970,000,000,000 (Original Post) DonViejo Jan 2019 OP

The debt will soon become a GOP issue again now that Dems control sinkingfeeling Jan 2019 #1

An interesting statistic exboyfil Jan 2019 #2

You know what's really f**ked up? atreides1 Jan 2019 #3

sinkingfeeling

(51,443 posts)

1. The debt will soon become a GOP issue again now that Dems control

Reply to DonViejo (Original post)

Fri Jan 4, 2019, 10:39 AM

Jan 2019

the House.

exboyfil

(17,862 posts)

2. An interesting statistic

Reply to DonViejo (Original post)

Fri Jan 4, 2019, 10:41 AM

Jan 2019

In FY 2018 the federal deficit was 3.9 percent of GDP. This year, FY 2019, the federal government in its latest budget has estimated that the deficit will be 4.7 percent of GDP.

Nothing like winning.

atreides1

(16,068 posts)

3. You know what's really f**ked up?

Reply to DonViejo (Original post)

Fri Jan 4, 2019, 10:50 AM

Jan 2019

The VA had its budget increased by 6% in September and now he wants the VA to cut its spending by 5%!!!

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