The Donald Trump Score Card

It's become less about education, and more about indoctrination (brainwashing).

In the past, kids were taught to stand up to bullies. Nowadays, they teach kids to put up with a beating and tell a teacher.

 

I know and my nephew is one of them... I have tried to set him straight on this and teaching him how to turn the tables. It is sickening how meek they are trying to make kids... make them depend on someone els3 to defend them, take care of it. I told h8m to beat the shit out the next kid who hits him... and if he is suspended, who cares. Only you can defend you. Sometimes people need some sense knocked into them. Hit back so these children understand the hurt they cause and what it feels like.

 

Mental training is all it is. They gotta train kids at an early age to take a beating from a bullying government.

 

Trump is the ultimate bully in a nepotistic government that he has made the right hand of his bullying.

The general public and some of the Republicans have gradually caught on to him and have started to defend themselves from him.

 

Trump doesn't understand the differences between personal debt and national debt and that a trade deficit isn't national debt.

He misapplies his personal business beliefs to national governance



Trump and the National Debt
Instead of Eliminating the Debt, Trump Will Add $8.3 Trillion
By Kimberly Amadeo
Reviewed by Michael J Boyle
Updated July 01, 2020

Trump Pledged to Eliminate the Debt. Instead He Will Add $8.3 Trillion

excerpts:

"Key Takeaways

President Trump promised to eliminate the national debt in eight years. Instead, he plans to add $8.3 trillion.

Trump treats the national debt like personal debt.

He believes that economic growth through tax cuts will pay for itself, though the evidence paints this as unlikely."



"Trump’s Two Strategies to Reduce the Debt

While a candidate, Trump had two strategies to reduce U.S. debt. He promised to grow the economy up to 6% annually to increase tax revenues.4

But once in office, he lowered his growth estimate to 2%-3%.5

These more realistic projections are within the 2%-3% healthy growth rate.6 When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors. They create a boom-bust cycle that ends in a recession.

Trump had promised to achieve between 2%-4% growth with tax cuts.7 In his first 100 days, he released the outline of what would become the Tax Cuts and Jobs Act. It cut the corporate tax rate from 35% to 21% beginning in 2018. The top individual income tax rate drops to 37%.8 It doubles the standard deduction and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.

Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50%. It worked during the Reagan administration because the highest tax rate was 70%."

 

His real estate background was supposed to be an asset but has turned into a liability.

 

Not if you up the voltage.

Good advice, you should try it.

another loser comment.

 

Trump isn't going to cut the national debt by increasing military spending a couple hundred billion dollars per year. He would need to reduce mandatory social program by about that increased amount just the break even plus more to reduce the national debt.



Trump Pledged to Eliminate the Debt. Instead He Will Add $8.3 Trillion

excerpt:

"What's left of the $4.8 trillion budgeted for FY 2021 after mandatory and military spending? Only $595 billion to pay for everything else. That includes agencies that process Social Security and other benefits. It also includes the necessary functions performed by the Justice Department and the Internal Revenue Service. You'd have to eliminate it all to make a dent in the $966 billion deficit. You can't reduce the deficit or debt without major cuts to defense and mandated benefits programs. Cutting waste isn't enough."

 

Ooooh looks like you have me there

 

Technically he is correct.

 

Trump's remedy of printing money to pay debt would be highly inflationary.

Trump made a misguided statement publicly that he thought the U.S. could not pay back some of its national debt by making a deal with creditors. It sent shock waves through the financial markets.

He is known for suing his creditors when he defaults on his payments.

Trump made a nepotistic deal with one of his bankers to forgive his debt leftover from his casino bankruptcies in return for giving the banker a post in his administration.



Trump Pledged to Eliminate the Debt. Instead He Will Add $8.3 Trillion

excerpts:

"Trump’s Business Debt Influences His Approach to U.S. Debt

Trump has a cavalier attitude about the nation’s debt load. During the campaign, he said the nation could "borrow knowing that if the economy crashed, you could make a deal.” He added, “The United States will never default because you can print the money."

Trump thinks about the national debt as he does personal debt. A 2016 Fortune magazine analysis revealed Trump's business is $1.11 billion in debt.14 That includes $846 million owed on five properties. These include Trump Tower, 40 Wall Street, and 1290 Avenue of the Americas in New York. It also includes the Trump Hotel in Washington D.C. and 555 California Street in San Francisco. But the income generated by these properties easily pays their annual interest payment. In the business world, Trump's debt is reasonable.

But sovereign debt is different. The World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77%.15

The U.S. debt-to-GDP ratio is 108.2%. That's the $23.517 trillion U.S. debt as of March 23, 2020, divided by the $21.726 trillion nominal GDP."


"The United States also has a massive fixed pension expense and health insurance costs. A business can renege on these benefits, ask for bankruptcy, and weather the resulting lawsuits. A president and Congress can't cut back those costs without losing their jobs at the next election. As such, Trump's experience in handling business debt does not transfer to managing the U.S. debt.

Trump is wrong to assume that the United States could simply print money to pay off the debt. It would send the dollar into decline and create hyperinflation. Interest rates would rise as creditors lost faith in U.S. Treasurys. That would create a recession. He's also wrong in thinking that he could make a deal with our lenders if the U.S. economy crashed. There would be no lenders left. It would send the dollar into a collapse. The entire world would plummet into another Great Depression. "

 

Trump has experienced this to an extent in his personal world. After abusing them, he exhausted the U.S. banks from which he could borrow and started relying on foreigners such as Deutsche.

 

The projected $8.3 trillion of added debt for a two-term Trump administration doesn't include extra money that will likely be needed in the future for combating the coronavirus. If Trump is elected for a second term, he will likely run up significantly more debt than Obama did during the era of the Great Recession.


Trump Pledged to Eliminate the Debt. Instead He Will Add $8.3 Trillion

excerpt:

"On September 8, 2017, Trump signed a bill increasing the debt ceiling.20 Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019.21 It leapt to $22 trillion. In July 2019, Trump suspended the debt ceiling until after the 2020 presidential election.22

The debt soon rose to $23 trillion. Trump has overseen the fastest increase in the debt of any president.
Trump's Fiscal Year 2021 budget projects the debt would increase $4.8 trillion during his first term.23 That's as much as Obama added while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite. "

 

It's a sorry situation that people essentially have to build walls around their homes to protect themselves from Trump fans who want to build a wall around the country.

 

QFT

 

Trump's not the one that works out the budget

 

The most they do is steal election signs, the left burn down apartment buildings with people still in them, police stations, government buildings, loot shopping malls

 

Everybody on the left is doing this, are they?


OkeyDokey

 

Lady Balls: "democrats ,are the racist, authoritarian, communist party." And you maintained to me that you were not right wing. You, ma'm--are a liar.

 

so he has no say on the budget? Give me a fuckin' break.