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Ralphie Bruber

Joined: 07/18/2014 Posts: 13199
Likes: 4500

Your statement is false. Trump tax cuts ballooned the deficit..

"Deficit hits $984 billion

But the tax cuts, along with some bipartisan spending in the Trump era, have moved the needle in one significant way: They have caused federal borrowing to skyrocket. The Treasury Department has reported that for the fiscal year ending Sept. 30, the government spent $984 billion more than it collected. That’s an astoundingly large deficit at a time of record low unemployment, and a deeply troubling one to boot.

The 2019 deficit was more than double what it was in 2015 and up from $160 billion in 2007, before the Great Recession."
[Post edited by Ralphie Bruber at 08/15/2020 4:33PM]

(In response to this post by RalphWE)

Link: USA Today

Posted: 08/15/2020 at 4:32PM


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Current Thread:
Debt Problem -- Aussie Buff 08/15/2020 3:29PM
  The MMT people -- RalphWE 08/15/2020 3:48PM
  Vote for the Dem candidate. Dems reduce the deficit. ** -- Ralphie Bruber 08/15/2020 3:44PM
  Precovid -- RalphWE 08/15/2020 3:49PM
  Don’t agree with that. Tax cuts created annual -- cswilliam 08/15/2020 7:13PM
  Re: Precovid -- Aussie Buff 08/15/2020 3:53PM
  Very obviously it was not working that way. -- cswilliam 08/15/2020 8:02PM
  But no problem with totalitarianism ** -- ralphie2425 08/15/2020 8:45PM
  I know. ** -- Ralphie Bruber 08/15/2020 3:46PM

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