How about the Defict?

[Guest]

The one question that goes "begging" in this election is: What about the deficit?

It appears that neither Trump or Clinton want to talk about the deficit. Does anybody have a feel for a Trillion Dollars. Our national debt is 18 of them things. Our "poor" children and grandchildren.

The last surplus was under a President named Clinton. I believe that's all I will say about that.

[Guest]

The one question that goes "begging" in this election is: What about the deficit?

It appears that neither Trump or Clinton want to talk about the deficit. Does anybody have a feel for a Trillion Dollars. Our national debt is 18 of them things. Our "poor" children and grandchildren.

The last surplus was under a President named Clinton. I believe that's all I will say about that.

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.

[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. 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

[Guest]

The one question that goes "begging" in this election is: What about the deficit?

It appears that neither Trump or Clinton want to talk about the deficit. Does anybody have a feel for a Trillion Dollars. Our national debt is 18 of them things. Our "poor" children and grandchildren.

The last surplus was under a President named Clinton. I believe that's all I will say about that.

was all smoke and mirrors...sort of like his personality.

[Guest]

Debt doesn't rise linearly...just like "the magic of compounding" makes your saving rise exponentially...so does the debt. If nothing changes, Trump or Hillary will leave a debt of $30 trillion after just 4 years. We'll be paying over $1 trillion a year in interest payments.

So far...they just "print" what they need or get a "rich uncle" to buy more debt.

Don't worry about China, Japan, Russia, anyone "owning" our debt. It's JUST paper and numbers on a screen. A good world war changes all that.

[Guest]

Well cutting taxes for the Rich again won't work.
Trickle down didn't work the first two times we tried it, and Trump wants to try it again
YES trickle down did create jobs problem they were all over seas in places like China and NAM.
Now Trump wants to cut corp. taxes to 15%, well I agree they do need to be cut BUT we also have to close a lot of the loop holes that big Corps. use so they don't pay any where near the 35% tax rate we have, heck wasn't it GE who didn't pay a cent in US income taxes in 2008 on profits of over a billion dollars , and got a tax benefit of OVER 3 billion dollars?
didn't they have a profit of 10.5 Billion dollars in 2009 and didn't pay any income taxes, a Profit of 14.4 Billion in 2010 and paid an effective tax rate of minus 7.3%
OH yes lets keep all these deductions and cut their tax rate so none of them have to pay a cent and the hard working middle class tax payer pays it all

[Guest]

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

Sorry, but the "trickle down" effect does work. You can dispute it all you want but it increases job growth, which increases tax revenues. Pretty simple. You don't encourage the economy by spending tax money. You build the economy by increasing private sector jobs. We can argue this all day, but we have seen how it didn't work for the past 8 years. To continue on this path is just going to continue a poor economy.

[Guest]

Just where did it increase Job growth?
China? Nam? southeast Asia?
IF it had increased REVENUES then why did Reagan increase the debt 188% and after he cut the taxes one time he had to increase taxes 11 times?
Why did W increase the debt by 101%
Do Tax Cuts Increase Revenues? No, Tax cuts do not Increase Revenue - Fact and Myth (http://www.factandmyth.com/taxes/tax-decreases-do-not-increase-revenue)

[Guest]

One more thing you might want to look up how spending has decreased under Obama

Forbes Welcome (http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/#4717fda157ec)
Lets see
Reagan spending first term 8.7% increase
2nd term 4.9%
Bush I 5.4%
Clinton 3.2% 1st term
3.9% 2nd term
Bush II 1 st term 7.3%
2nd term 8.1%
Obama 1.4%

[Guest]

Forbes-What do they know?

[Guest]

it looks like a lot more then a lot of people on here

[Guest]

How about the Defict?

Before commenting on the subject, I need to know what "Defict" means. My vocabulary is limited to the American or English dictionary, so this may be a term of slang that I am unacquainted with.