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Yo_Mama_Been_Loggin

(107,986 posts)
Mon Feb 17, 2020, 04:06 PM Feb 2020

Trump once vowed to wipe out the federal deficit. Now he's just pretending

WASHINGTON — “Promises made, promises kept” has been one of President Trump’s frequent boasts in his campaign for a second term.


So it was a little awkward this week when his own proposed budget acknowledged, in the fine print, that several of his key promises haven’t been kept at all.

When Trump ran in 2016, he promised that if Congress enacted big tax cuts for corporations, economic growth would soar to 4% or more. “I actually think we can go higher,” he said.

He promised to balance the federal budget in eight years, a longstanding Republican aim that those economic growth rates could make possible.

Neither goal is being met — not even close.

https://www.msn.com/en-us/news/opinion/doyle-mcmanus-trump-once-vowed-to-wipe-out-the-federal-deficit-now-he-s-just-pretending/ar-BBZVPJI?ocid=msn360

Same shit Reagan and G DUHbya pulled.

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Trump once vowed to wipe out the federal deficit. Now he's just pretending (Original Post) Yo_Mama_Been_Loggin Feb 2020 OP
He did give a Presidential Medal Of Freedom to Art Laffer, founder of supply side economics. Midnight Writer Feb 2020 #1
He could wipe out the debt by declaring all bonds void. Girard442 Feb 2020 #2
Oh, Newest Reality Feb 2020 #3
Most current projections are for growth to be below 2% for the first quarter SCantiGOP Feb 2020 #4

Midnight Writer

(21,767 posts)
1. He did give a Presidential Medal Of Freedom to Art Laffer, founder of supply side economics.
Mon Feb 17, 2020, 04:11 PM
Feb 2020

Supply side nonsense has been the ruling philosophy of the Republican Party, even though it fails to meet its goals every single time it is implemented.

Girard442

(6,073 posts)
2. He could wipe out the debt by declaring all bonds void.
Mon Feb 17, 2020, 04:15 PM
Feb 2020

Yes, it would collapse the world economy, but it would reduce the debt to zero.

Newest Reality

(12,712 posts)
3. Oh,
Mon Feb 17, 2020, 04:32 PM
Feb 2020

what does he really know about any of it, actually?

Now, maybe up the dose of Adderall and other cool head treats, and, WOW, he's going to be knowing more things and getting right on it like a horny chinchilla on a balled-up sock! I mean the rhetoric alone will work like a spell and take on form, manifesting as a magic army of growth gnomes. He will literally inject himself into the economy, (NSFW stuff here) and pump it up with super sauce.

He'll have the deficit going up and down simultaneously and that's what we really need now: paradox economics.

This message has been brought to you by the Pharmaceuticals Lobby. "It's what makes a powerful President President well."

SCantiGOP

(13,871 posts)
4. Most current projections are for growth to be below 2% for the first quarter
Mon Feb 17, 2020, 08:24 PM
Feb 2020

We are only half way through the period so that is just an educated guess, but we are definitely seeing a slowdown.

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