Quote:
Originally Posted by Guest
Well, you have a couple of facts wrong.
We are over $19+ trillion in national debt
And the second thing you got wrong was that clinton had a surplus. NO ONE has paid down on the national debt since Eisenhower.
As far as a National Debt is concerned, you can't pay back on it when you have such a poor economy and no tax revenues. This is a pi$$ poor economy and this administration is the ONLY one that has never had a 3% GDP growth year in two terms. Trump has given details of how to get the GDP up over 3%, but Hillary wants to keep going at the same dismal pace of Obama. The lazy way, which is the story of her life....lazy.
You are not going to hear about ALL the information available if you restrict yourself to JUST liberal media. Liberal media is even famous for editing the truth out of their reporting, or perverting it.
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Well if you do some research you just might find out some things.
#1 it took over 31 years after WWII to get the debt up to almost 1 Trillion dollars.
Reagan took office cut taxes and not only became the first President to have a national debt of over 1 trillion dollars BUT he also became the first President to run the debt up OVER one Trillion dollars in less then 5 years.
Reagan also raised taxes 11 times and still ran up the debt
He took the debt from 998 Billion dollars to over 2.8 Trillion dollars
Then GHW Bush took office and he ran it up 1.568 Trillion in just 4 years
Looks like trickle down didn't work so well
Clinton did run the debt up too.
he took it up 1.5 Trillion in 8 years, yes GHW ran it up MORE in four years then Clinton did in 8
then GW took office and he had to try the trickle down tax cuts again and he ran it up 101% from 5,8 Trillion to 11.6 Trillion and we ended up in the worst recession since the great depression.
Yes Obama did run it up but if you do some research you will find that we have never got out of a depression ( or a recession as close to a depression as you can get ) in less then 10 years or with out going into a major war like WWII
So we see that trickle down tax cuts like the one Trump wants do not work and only run the debt up.
We need to re do the tax code and take out some of the deductions, we need to cut spending , we do still have a lot of waste that needs to be cut, like buying jets that the Military doesn't even want,
and if needed raise taxes a bit till this is paid off