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Topic	Trump is KICKING 3 MILLION people off FOOD STAMPS cause they can get JOBS!!!
Lirishae 07/24/19 9:39:07 PM #19:	Broken_Zeus posted... ....it's rare to see somebody who misunderstands how things work this badly. First off, the basics -- that national debt (as near as I can tell) is $22.023 trillion as of the end of June. I think you have that honor, sir. You say that, and in the next breath you can't even get the debt right. It's $22.5 trillion. You can see for yourself at https://usdebtclock.org/ Broken_Zeus posted... The national debt is $2 trillion higher than when Trump took office in 2017 (and it's worth noting that Obama added $9 trillion to the national debt during his term, partially off measures he coordinated with GWB). $8.5 trillion, actually. Trump spent nearly as much in his first two years as Obama did while fighting a recession. Later figures have him outspending Obama. "In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion $2,065,536,336,472.90 to be exact in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion.... Based on the CBO's projections, Trump will have accumulated $3.73 trillion in new debt by the end of the 2020 fiscal year, which, because of federal budget rules, actually runs until the end of September 2020. And by the end of fiscal 2024, the last year of Trump's second term if he wins reelection, the total debt added is projected to come in at $8.78 trillion." (That's more than Obama spent, btw.) https://www.businessinsider.com/trump-national-debt-deficit-compared-to-obama-bush-clinton-2019-2/ https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296 Broken_Zeus posted... "Corporate welfare" (other than bailouts) is a vast exaggeration since, 90% of the time, it just refers to tax breaks where the government is still taking in money rather than paying it out. No, it's not. Local, state, and federal governments give away hundreds of billions of dollars in subsidies to big corporations. That's on top of the tax breaks. According to the GAO, we effectively have a 13% corporate tax rate because of all the tax breaks they get. https://www.nytimes.com/2012/12/02/us/how-local-taxpayers-bankroll-corporations.html https://www.cato.org/publications/policy-analysis/corporate-welfare-federal-budget https://www.gao.gov/assets/660/654957.pdf Broken_Zeus posted... (as opposed to social welfare, which is pure loss). What, you think they hide it under a mattress or something? Welfare generally gets spent immediately. Spending boosts the economy. You can't be serious here. https://www.theatlantic.com/health/archive/2012/07/the-economic-case-for-food-stamps/260015/ --- "Little scratches on people's hearts will be gone if they pat them from behind, but the humans don't know that." -Li'l Cactus 3DS FC: 0619-3174-3155 <cite>Lirishae posted [p:925144076] in Trump is K... [t:77885221]...</cite> <quote>Broken_Zeus posted...</cite> <quote>....it's rare to see somebody who misunderstands how things work this badly. First off, the basics -- that national debt (as near as I can tell) is $22.023 trillion as of the end of June. </quote> I think you have that honor, sir. You say that, and in the next breath you can't even get the debt right. It's $22.5 trillion. You can see for yourself at https://usdebtclock.org/ Broken_Zeus posted...</cite> <quote>The national debt is $2 trillion higher than when Trump took office in 2017 (and it's worth noting that Obama added $9 trillion to the national debt during his term, partially off measures he coordinated with GWB).</quote> $8.5 trillion, actually. Trump spent nearly as much in his first two years as Obama did while fighting a recession. Later figures have him outspending Obama. "In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion $2,065,536,336,472.90 to be exact in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion.... Based on the CBO's projections, Trump will have accumulated $3.73 trillion in new debt by the end of the 2020 fiscal year, which, because of federal budget rules, actually runs until the end of September 2020. And by the end of fiscal 2024, the last year of Trump's second term if he wins reelection, the total debt added is projected to come in at $8.78 trillion." (That's more than Obama spent, btw.) https://www.businessinsider.com/trump-national-debt-deficit-compared-to-obama-bush-clinton-2019-2/ https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296 Broken_Zeus posted...</cite><quote>"Corporate welfare" (other than bailouts) is a vast exaggeration since, 90% of the time, it just refers to tax breaks where the government is still taking in money rather than paying it out.</quote> No, it's not. Local, state, and federal governments give away hundreds of billions of dollars in subsidies to big corporations. That's on top of the tax breaks. According to the GAO, we effectively have a 13% corporate tax rate because of all the tax breaks they get. https://www.nytimes.com/2012/12/02/us/how-local-taxpayers-bankroll-corporations.html https://www.cato.org/publications/policy-analysis/corporate-welfare-federal-budget https://www.gao.gov/assets/660/654957.pdf Broken_Zeus posted...</cite> <quote>(as opposed to social welfare, which is pure loss).</quote> What, you think they hide it under a mattress or something? Welfare generally gets spent immediately. Spending boosts the economy. You can't be serious here. https://www.theatlantic.com/health/archive/2012/07/the-economic-case-for-food-stamps/260015/ --- "Little scratches on people's hearts will be gone if they pat them from behind, but the humans don't know that." -Li'l Cactus 3DS FC: 0619-3174-3155</quote> ... Copied to Clipboard!
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