Trump Will Make Reducing National Debt A 'Big Second Term Priority,' McEnany Says

[steve2470]

https://www.forbes.com/sites/jackbrewster/2020/09/09/trump-will-make-reducing-national-debt-a-big-second-term-priority-mcenany-says/#5ef28d921768

No surprise, eh ? Hopefully *knock on wood* he won't get a chance to reduce it !

White House Press Secretary Kayleigh McEnany said during an interview Wednesday that President Trump plans to make addressing the ballooning national debt a “big second term priority” — but offered scant details as to how the president planned to reduce the deficit.

In an interview with Fox News on Wednesday, McEnany was asked what Trump’s plan was for reducing the deficit, after the Congressional Budget Office estimated last week the federal budget reached a record deficit of $3 billion in August, amid increased spending during the pandemic.

McEnany said she had recently spoken to Trump, who said the debt was going to be a “big second term priority of his.”

The president “wants to see unprecedented growth” in his second term, McEnany said, before praising Trump for building the “hottest economy in modern history once” before the pandemic hit.

[sprinkleeninow]

1. she a deceived airhead ninny....

[Thekaspervote]

2. That's code for we will be ending social security, Medicare and other social programs

[raccoon]

6. Yep. Anything that helps the poor and middle class.

That’s the Republicans’ MO. Run up the deficit and then cut anything that helps the 99% because they say the US don’t have the money for it now.

[notinkansas]

14. Exactly. A much better option

would be to rescind the last several tax cuts granted to the uber-rich. It would at least be a start.

[SamKnause]

3. If Biden wins that is all we will hear nonstop from the Trump cult.

The republican party is dead.

I refer to them as the Trump cult.

They will talk about the debt nonstop if Biden wins.

They do this every election.

They run up the debt.

We win the next election.

We fix the economy and reduce the debt.

They win the next election and run up the debt.

It is the history of this country.

[Wounded Bear]

4. Maga-ninny speaks...

[mwooldri]

5. Obligatory GIF response...

[gab13by13]

7. If Trump is sincere,

he should repeal his tax cuts for the rich and cut back on military spending. I'm pretty sure those aren't Trump's plans.

[North Shore Chicago]

8. What second term?

[LisaL]

9. My feelings exactly.

NT

[Fullduplexxx]

10. Yea by slashing s.s. and medicare

[lark]

11. Lies -he will steal social security for the rich, bankrupting many senior and potential seniors.

He will turn us into a functional fascist country and the family will raise their thefts and profiteering to unimaginable levels.

[MissMillie]

12. Yeah, now isn't the time for that

Americans don't have money to spend to spur the economy, and the people who would most likely spend money if they had it won't be the ones that get a tax cut (if he decides to pass another one).

The government is going to have to spend some money to get us out of the sh!t.

Supply-side policies and austerity will only make things worse.

[Towlie]

13. Reducing the deficit is NOT reducing the national debt.

To reduce the national debt the deficit has to not merely be reduced, it has to become negative!

In other words it has to change from a deficit into a surplus. Somebody is confused!

[crickets]

15. Hmm. Where have I heard this before?

https://www.newsweek.com/under-trumps-watch-americas-national-debt-has-increased-66-trillion-1521418 07/29/20

Amid partisan arguments over how much federal aid should be approved to help ease the financial crisis caused by the coronavirus pandemic, the U.S. national debt has increased by $6.6 trillion under President Donald Trump.

When Trump took office in January 2017, the debt was at $19.9 trillion. As of July 27, according to the most recently available data, that number has grown to $26.5 trillion, Treasury Direct, a division of the Treasury Department, said.

The swelling debt is at odds with promises Trump made before he was elected president. Trump told Washington Post reporters during an April 2016 interview that he would eliminate the nation's debt, which was over $19 trillion, "over a period of eight years." [snip]

But estimates say the Trump administration will spend $936 billion on its defense budget for the 2020 fiscal year—nearly $100 billion more than the record-breaking defense budget in 2012. And Trump did cut taxes in December 2017 in hopes that the government would recoup its revenue losses in the long term by boosting economic growth, but evidence shows this is unlikely.

Liar.

Loser.

[gratuitous]

16. Where exactly is that in the party platform, Kayleigh?

And will this deficit reduction happen before or after the replacement legislation for Obamacare?

[jmowreader]

17. I'm certain The Rich really want to hear that

The national debt is the total outstanding government bonds that were sold because Republicans love to cut taxes and increase spending, and Democrats aren’t willing to cross the GOP’s noise machine.

Who owns the debt? For the most part, it’s the rich who buy bonds because they’re a risk-free investment.

By reducing the debt, you push the rich into assuming risks they don’t want to take. A rich person might have a billion dollars sitting in a hedge fund...but the same person also has a billion dollars in T-bills because you know (or did before Trump was elected, anyway) that money is safe.

[lagomorph777]

18. Did MAGAninny explain how he'll do that from a jail cell?

[ProfessorGAC]

19. He Should Have Worked On Reducing Debt...

...for the last 35 years.
He failed at controlling debt that whole time!
An expert on minimizing debt service, he ain't!

[jeffreyi]

20. Eliminate medicare, social security, and sell/give away Our Public Lands.

Which are already under siege from this asshole administration.

[DSandra]

22. Turning America into a bad third world country

At the level of Myanmar, North Korea, Somalia, etc...

[DSandra]

21. Trump planning to throw grandmas onto the streets

Apparently the coronavirus death toll is not high enough to satisfy his thirst for death...

[0rganism]

23. yep - reduce the population, reduce the nation's social obligations

especially if Trump can find a way to disproportionately murder the elderly and disabled using the pandemic, and take out the resistance simultaneously using his "lone wolf" terrorists.

he's getting ready to kill off an awful lot of us. the groundwork has been laid.