EEEEEE!!!!! asked in Social ScienceEconomics · 6 months ago

Why are Trump’s deficits as large or larger in a period of economic expansions as Obama’s were in the biggest downturn in a century?

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  • 6 months ago

    You are wrong. The biggest downturn was the Great Depression of 1929, that was less than a century ago. Trump has no clue how economics works and won't listen to his advisers that do know. So he cuts revenues (taxes), increases expenses (military), and slaps on tariffs that further reduce revenues. Duh...and he's surprised by the increase debt.

    Give us a break...give us a POTUS who at least understands Econ 101.

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  • Oiy
    Lv 5
    6 months ago

    He has to get the walls built as he has promised.

    • oldprof
      Lv 7
      6 months agoReport

      Oh yeah that'll improve the debt picture...not.

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  • Ray
    Lv 6
    6 months ago

    Trump made more cuts on taxes then cuts in gov. expenditure.

    Don't be fooled in thinking only corporations got tax cuts. All people who qualify for paying taxes got a tax cut, though he did cut some loopholes, there are easily verifiable tax brackets online comparing Obama and Trumps taxes.

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  • JuanB
    Lv 7
    6 months ago

    Trump's deficits are larger.

    Trump gave all the rich tax breaks. Then he increased the military budget that is already more than the total military spending of the next 10 largest spending countries combined.

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  • joedlh
    Lv 7
    6 months ago

    Tax cuts for the rich and mega-corporations combined with profligate spending by Republicans in Congress who are "fiscally responsible" when the President is a Democrat.

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