Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Trump has the the biggest deficits in 7 years, but the economy isn't growing fast enough to pay back that extra debt. Why is that ok?
11 Answers
- tribeca_belleLv 72 years agoFavorite Answer
It is not okay. Republicans are the biggest hypocrites on the face of the planet.
Trump has no good excuse as to why the deficits are so huge in a supposedly "strong" economy. His unwarranted huge tax cuts for the rich and his bad economic policies have hurt the country.
If a Democrat were in the White House, the Tea Party types would be yelling and screaming and holding rallies about the deficits and the debts. Now, we are not hearing a peep out of them.
- zephania666Lv 72 years ago
Congress - the democrat controlled congress - sets the budget and controls the deficit.
Seven years ago, the deficit was $4 million lower than today - that's about 0.4% - which, given the size of the budget, is pocket change. The three years before that, it was $1.3 to $1.4 trillion.
After that, Congress passed the sequester, which lowered the budget despite Obama.
Obama's deficits:
2009 $1,413
2010 $1,294
2011 $1,300
2012 $1,087
2013 $679
2014 $485
2015 $438
2016 $585
https://www.thebalance.com/us-deficit-by-year-3306...
Trump's deficit this year is due to the trade war with China. Once that is over, the deficit will return to its lower levels, and the tax cuts will pay for themselves in growth.
- PlogstiesLv 72 years ago
It isn't. But, in fact, the spread between deficit and revenues was larger in the prior administration. At least be fair here.
- TroyLv 62 years ago
Trump is not a fiscal conservative. He is a populist. He is not as concerned with the debt number as he is with the debt to GDP ratio and our global economic strength. Once we correct the issues with China cheating and develop a fair and reciprocal relationship with our trading partners then our already strong and healthy economy will boom and we can reduce our debt to GDP ratio even further.
- How do you think about the answers? You can sign in to vote the answer.
- Lord AizenLv 72 years ago
See, I think even the cons realize deep down that Trump is already en route to adding another 10 trillion to the deficit.
Do they care? Nah,
But if Obama did the same thing they'd call foul.
Debt is already at 22.5 trillion. With how Bush 43 added 5 trillion to the deficit, and Reagan tripled the national deficit from less than a trillion to almost three, now Trump en route to 30 trillion (after 8 years) we can't let this happen.
Source(s): https://www.usdebtclock.org/ - ?Lv 72 years ago
Wow. You must have totally lost it when Obama added 12 trillion to the debt. Your hypocrisy is showing and your attempts at “stirring the pot” is too childish and obvious.
- Anonymous2 years ago
They didn't make it to be payed back, they want you to be eternal slaves to international banker jew cartels
Source(s): The "money" itself is debt - Anonymous2 years ago
Conservatives abandoned facts a long time ago. Today they live in a fantasy world where Obama is a Kenyan-born, secret-Muslim socialist who hates white people and out-spent all previous presidents combined. Where Hillary runs a child sex ring from the basement of a DC pizza restaurant and murders her political opponents. Where liberals love to kill babies. Where N. Korea is an ally but Europe is our enemy.
Fortunately it will all be over soon.
- Anonymous2 years ago
Despite the fact that deficits only matter when Democrats are in charge it's not like America's ever going to come good on that debt. How can anyone muscle the American federal government when they are the muscle? You'd have to be stupid to lend those deep state crooks your money and if you do, you deserve to lose it.
- Mr. WolfLv 72 years ago
It's okay because Trump isn't a Democrat. Republicans and Conservatives never care about deficits when a Republican in the President.