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Originally Posted by Guest
Of course the deficit will rise. It will rise FASTER than Obama raised it. Obama wasted it on "green" and "fair"...Trump will waste it on wars and infrastructure. Same wasteful borrowing/spending...different recipients.
Poor minorities...actually...minorities in general. Half of blacks are on welfare...so they're not paying. A third of Hispanics are on welfare...they're not paying either. White people have the lowest welfare rate...WE pay most of the taxes.
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As to wasted money I think you are referring to the TEN TRILLION DOLLARS Obama added to the national debt.
I've many times asked the question of what did Obama buy with that money. I've asked if we got roads, dams, education, healthcare etc etc. I've tried looking it up. I've yet to get a reply from all the people bitching on websites.
I finally stumbled across an answer.
The bulk of that TEN TRILLION DOLLARS-a sum impossible to comprehend-went to bail out Fannie mea and Freddie mac. Before all you Obama supporters try to blame the housing bubble on Bush READ and you will find the bill that created subprime mortgages passed at the end of BILL CLINTON'S second term. The reason was the LIBERAL VIEW that all people should own a home. Typical LIBERAL was that it would have been racist, conservative OK DEPLORABLE to insist that the borrower put down 20% as you used to need to do AND COULD PROVE THEY COULD AFFORD TO PAY THE LOAN.