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Proud liberal 80

(4,167 posts) Thu Oct 8, 2020, 10:01 PM Oct 2020

The US debt is now projected to be larger than the US economy

This will be the Republicans rallying cry when Biden is POTUS. "we can't afford these entitlement programs, we have to balance the budget"...Yep, they will be back to caring about the deficit.

https://www.cnn.com/2020/10/08/economy/deficit-debt-pandemic-cbo/index.html

4 replies

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Highlight:

The US debt is now projected to be larger than the US economy (Original Post) Proud liberal 80 Oct 2020 OP

Similar to a Trump business. Doodley Oct 2020 #1

Underwater and bankrupt soon. ucrdem Oct 2020 #2

The worst it's been both in raw number and as a percentage of GDP since 1945. ffr Oct 2020 #3

Fixing the trade deficit - Trump to the rescue keithbvadu2 Oct 2020 #4

Doodley

(9,094 posts)

1. Similar to a Trump business.

Reply to Proud liberal 80 (Original post)

Thu Oct 8, 2020, 10:02 PM

Oct 2020

ucrdem

(15,512 posts)

2. Underwater and bankrupt soon.

Reply to Proud liberal 80 (Original post)

Thu Oct 8, 2020, 10:50 PM

Oct 2020

Gee who could have predicted that, apart from the non-deplorable population of the entire world?

ffr

(22,670 posts)

3. The worst it's been both in raw number and as a percentage of GDP since 1945.

Reply to Proud liberal 80 (Original post)

Fri Oct 9, 2020, 12:02 AM

Oct 2020

So ask yourself, if tRump is using the economy as his saving grace and it takes $3.1T to prop up his economy to make him look good and that number is historically bad, what is so good about our economy. Nothing.

keithbvadu2

(36,829 posts)

4. Fixing the trade deficit - Trump to the rescue

Reply to Proud liberal 80 (Original post)

Fri Oct 9, 2020, 12:05 AM

Oct 2020

Fixing the trade deficit - Trump to the rescue

huge trade deficit... "that's not gonna happen with me."

it is happening.

start about 6:00 on the timeline.

https://www.youtube.com/watch?time_continue=357&v=rTA0WNXBMMA&feature=emb_logo

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