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Thread: GOP-PS : National Debt Tops $26.5 Trillion, 2020 Deficit Could Hit $6 Trillion

  1. #1

    GOP-PS : National Debt Tops $26.5 Trillion, 2020 Deficit Could Hit $6 Trillion

    This is has been very powerful awakening of big gove spending for helping families and putting people first. Few years back, no one could have guessed in the past that GOP would become such a strong progressive socialist party so quickly thanks to historic elections of Obama and Trump.
    King of debt:

    National Debt Tops $26.5 Trillion, 2020 Deficit Could Hit $6 Trillion

    by Gary Halbert 7/15/20

    1. National Debt Tops $26 Trillion, On Way To $30 Trillion Soon
    2. The Cost of Servicing Our National Debt Can Only Go Up
    3. Another Huge Economic Stimulus Bill Expected Just Ahead
    4. What To Do With the Extra $600/Week Jobless Benefit?
    Overview
    The US National debt surged to a record $26.5 trillion at the end of June, the highest level of any country in the history of the world. At that level, our national debt is equal to 132.5% of Gross Domestic Product, also the highest level ever recorded. The federal budget deficit for fiscal year 2020 is projected to top $3.7 trillion, according to the Congressional Budget Office, and it will be considerably higher if Congress passes another stimulus bill just ahead.

    advisorperspectives.com/commentaries/2020/07/15/national-debt-tops-26-5-trillion-2020-deficit-could-hit-6-trillion



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  3. #2
    Compassionate Progressive Socialism at its best.

    Trump: 'There’s nothing like doing things with other people’s money'


    Donald Trump, in hot water over a report that his charity used donations to cover business-related legal fees, told a campaign rally crowd on Tuesday that “there’s nothing like doing things with other people’s money.”

    The comment about “other people’s money” came during a campaign rally in North Carolina, where Trump pledged to keep refugees from the Middle East out of the U.S. and instead put them in “safe zones” that would be built with money from Gulf nations. It is a financial maneuver the real estate mogul said he has performed many times throughout his career.

    “It’s called OPM. I do that all the time in business. It’s called other people’s money. There’s nothing like doing things with other people’s money,” Trump said. “Because it takes, the risk, you get a good chunk of it and it takes the risk. We’re going to do this, in this case, from a humanitarian standpoint. OPM: other people’s money.”

    Under a Trump administration, the Gulf states would not be the only foreign countries on the hook to pay for the Manhattan billionaire’s proposals. From the very beginning of his campaign, Trump has pledged to build a wall along America’s southern border and force Mexico to pay for it. During Trump’s visit to Mexico last month, Mexican President Enrique Peņa Nieto said his nation would not pay for the wall. Trump said the subject of who would pay was not discussed during their meeting.

    The former reality TV star made his promise to use “other people’s money” on the same day The Washington Post published a story accusing Trump of spending $258,000 from his charitable foundation to settle lawsuits involving his other businesses.
    http://www.politico.com/story/2016/0...s-money-228434

  4. #3


    AOC/Trump economic stimulus explained.
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  5. #4
    Everybody at this point knows that the national debt is never going to be paid off.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  6. #5
    Quote Originally Posted by Anti Globalist View Post
    Everybody at this point knows that the national debt is never going to be paid off.
    Hyperinflation is coming.

  7. #6
    Quote Originally Posted by Anti Globalist View Post
    Everybody at this point knows that the national debt is never going to be paid off.
    ^This may help explain why Tea Party rebel Mike Pence no longer talks 'extreme cuts' or national debt.





    Mike Pence: “I was Tea Party before it was cool”
    Tea-Party demise and GOPA rise
    Debt no longer matters

  8. #7
    ^^^^lol@Pence

    Ahhh Jesuits gonna Jesuit.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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