The worst part about the MAGARGLERS is that showing them easily verifiable facts about all of their dubious assertions is an absolute exercise in futility.
Lucky Louie will still believe what he said, even if it is in direct contravention to the truth, and obviously so.
This, in a nutshell, is what is wrong with Trump supporters.
They don't care about facts, they don't care about the truth, and they don't care about America...they care that Trump tells them what they want to hear, and facts, truth, and what is good for our country be damned.
Fish on...
Todd
Back from mini-vacation,
Well aren’t you a self-righteous pompous jack-ass.
Like stated before, I’m not affiliated with either of the two major parties so I don’t keep score like you do. My enthusiasm comes with combined Trump deregulations and huge tax cuts that should continue to promote expansion growth and more jobs.
I believe were I left off was commenting on the national debt chart you provided about how Obama doubled the national debt from all the total previous 43 presidents combined.
The potential problems are laid out below in the article by Kimberly Amadeo
“The interest payment only on the national debt in fiscal year 2019 will be $363 billion dollars, and will balloon to $761 billion in ten years or more with continued rising interest rate becoming the second largest budget item after social security.
Over the long term, a growing federal debt is like driving with the emergency brake on. As the debt-to-GDP ratio increases, debt holders could demand larger interest payments. They want compensation for an increasing risk they won't be repaid. Diminished demand for U.S. Treasurys would further increase interest rates. That would slow the economy.
Lower demand for Treasurys also puts downward pressure on the dollar. That's because the dollar's value is tied to the value of Treasury Securities. As the dollar declines, foreign holders get paid back in currency that is worth less. That further decreases demand. Also, many foreign holders of U.S. debt are investing more in their own countries.
At that point, the United States will have to pay exorbitant amounts just for the interest. The amount of federal spending today points to high interest payments on the debt in the near future.
Congress realizes it is facing a debt crisis. Over the next 20 years, the Social Security Trust Fund won't have enough to cover the retirement benefits promised to baby boomers. That could mean higher taxes once the high U.S. debt rules out further loans from other countries. Congress is more likely to curtail benefits than raise taxes. That would primarily affect retirees younger than 70. It might also hit those who are high income and not as dependent on Social Security payments to fund their retirement.”
https://www.thebalance.com/the-u-s-debt-and-how-it-got-so-big-3305778Guess what? An increasing percentage of the world is running away from the US dollar and time to pay the piper is coming sooner than later.
Who needs enemies to emt/nuke the US when the US is destroying itself by self-debt implosion?
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