CoccidioidomycosisMay 1, 2023
NPR

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

He promised to reduce the national debt but instead increased it. It is now at its highest level relative to the U.S. economy since the end of World War II

This is one of his lesser known but profoundly damaging legacies, the explosive rise in the national debt that occurred on his watch.

#usa #politics #debtceiling #gop

https://www.propublica.org/article/national-debt-trump

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

ProPublica
Apr 30, 2023 at 9:44pmMastodon for iOS
Show threadsandywb14Apr 30, 2023
@npr How much of this explosive debt was due to tax cuts for the rich.
Show threadDavid H. McCoyApr 30, 2023

@Sandywb @npr

Adding now…all of it.

Show threadsandywb14Apr 30, 2023
@davidhmccoy @npr 😡
Show threadDavid H. McCoyApr 30, 2023

@Sandywb @npr

Don’t let it bother you too much. We may all get blown away at a…Dairy Queen for asking for extra napkins long before the Uber-rich bankrupt the country.

Show threadAlexander KarnApr 30, 2023
@npr Yes. Hammer every failure, at every turn. The debt. “Repeal and replace.” “Mexico will pay.” Infrastructure. The CRIMINALITY and the INCOMPETENCE. That’s the narrative that wins. Anything that feels personal plays into Trump’s hands.
Show threadAlexander KarnMay 1, 2023
@npr Double-whammy: 1) Trump’s proposals belong in the bad idea hall of fame (examples). 2) Luckily, he’s exceptionally terrible at getting big things accomplished (illustrate). #politics #democracy #BidenHarris2024
Show threadMax B. SawickyApr 30, 2023
@npr Trump is the lowest of the low but this is bad economics.
Show threadBaylus C. BrooksApr 30, 2023

@npr What the Republicans are doing when it comes to the national debt = "The Two Clause Theory." They been using this clause to scam Americans into supporting Republicans for 40 years.

This scam has been killing wages & enriching billionaires for decades.

https://www.salon.com/2018/02/12/thom-hartmann-how-the-gop-used-a-two-santa-clauses-tactic-to-con-america-for-nearly-40-years_partner/

The GOP used a Two Santa Clauses tactic to con America for nearly 40 years - Salon.com

This scam has been killing wages and enriching billionaires for decades

Salon.com
Show threadFrank CoteMay 1, 2023
@Quest4Blackbeard Fantastic article! thanks
Show threadLynn McAlister UE  Apr 30, 2023
@npr And Republicans will inevitably use this to campaign against the Democrats, insisting that the Democrats have brought us unsustainable debt. And people will believe it. Sigh.
Show threadJoeChipApr 30, 2023

@npr
Deficit hysteria was the original gop scam, long before woke hysteria and critical race theory panic. It's quite disheartening to see libs buying into this mindset.

#LearnMMT

Show threadakgirl49Apr 30, 2023
@npr Need to put up billboards across the nation with this message. I knew this but so few actually do and the Republicans sure aren’t going to be shouting it from the rooftops!
Show threadRaymondMay 1, 2023

@npr Trump did say he'd run America like his business.

Six of his hotels and casinos went bankrupt.

Show threadDon WeaverMay 1, 2023
@npr “built a national debt” … am I the only one who thinks this phrasing is weak and a really bad utilization of the English language?
Show threadRealworldrjMay 1, 2023
@npr and yet the media are promoting republican party talking points about the debt… wtf
Show threadRobert11May 1, 2023
@npr NPR, With Respect and Admiration 🇨🇦🇬🇧🇫🇷
Show threadJim HubbellMay 1, 2023
@npr
Now run that chart back to 1995 or so and annote it with the various administrations.
Show threadNicole ParsonsMay 1, 2023

@npr

Republican billionaire donors have been lying about taxation for a long time, just as they have about guns.

It's not the poor defunding the apparatus of democracy, it is the wealthiest people on the planet.

Tax havens. Tax evasion. Tax cuts. Subsidies. Tax loopholes. Wash selling. Stock buybacks. Wall Street Market manipulation.

https://www.npr.org/sections/thetwo-way/2012/09/18/161333783/romneys-wrong-and-right-about-the-47-percent

Show threadCrystal_Fish_CavesMay 1, 2023
@npr yet mcarthy and the other #gop morons want the poor to pay for it by fucking with Bidens agenda that will HELP THEIR PEOPLE ugh no end to the stupidity. The cruelty really is the point as it certainly isnt being reasonable to their constituents.
Show thread3ln4ch0May 1, 2023
@npr MMT!!!
Show threadMad Dog Ace RunMay 1, 2023
@npr
He is nothing but a con man. He says things that are completely never going to happen. But his cult will never hold him accountable...
Show threadAuntie MameMay 1, 2023
@npr I never owed taxes in my life until that damn 2017 tax bill, then I got hit with a 5-figure bill. F him.
Show threadbassplayerMay 1, 2023

@npr The permanent tax windfall he gave corporations and the temporary tax credits he gave households is upside down, should of been temporary for corporations.

Pandemic stimulus and bank bailouts did not help

120% debt to GDP is bad, very bad.

https://www.usdebtclock.org

Show threadAjayMay 1, 2023
@npr #History #MONEY https://traffic.libsyn.com/secure/yinhistory/EP42-Money.mp3
Show threadKaren StrickholmMay 1, 2023
@npr Trump was/is a wreckongball out of control. He eviscerates.
Show threadGATEKEEPERMay 1, 2023
@npr
Everything he said was a lie to divert his Grift. Republicans will not revese the two Trillion in tax cuts for corporations and the rich, that's why it will weigh us down.
Show threadWesDymMay 1, 2023
@npr Let's be clear. CONGRESS controls taxing and spending. The President does NOT. That's intentional, by design, to prevent totalitarian rule by one man. Congress has slightly more power than other branches, intentionally, on the theory that they're 'closer' to the People and therefore more representative of our will. The national debt can only ever be blamed on Congress, because it's impossible without their consent -- but does not require the President's consent.
Show threadAMorse7May 3, 2023
@wesdym @[email protected]
How right you are! US budget, immigration, and many other key points in legislating our Democracy. They sit on their hands and wag their tongues compromising representation!