>The 2016 deficit is running close to $500 billion, and the Congressional Budget Office projects that figure to rise. >Sometime in 2019, entitlement spending, defense, and interest will consume all the tax revenues collected by the US government. That means all spending for everything else will have to be borrowed >The CBO projects the deficit will rise to over $1 trillion by 2023. By that point, entitlement spending and net interest will be consuming almost all tax revenues, and we will be borrowing to pay for our defense.
And these datas are worth if US doesn't experience a recession in the next 10 years.
Picrelated is what would happen if it happens. Deficits would be over 1 trillion $ for the next ten years after it would start.
It seems Blade Runner/Escape From New York type dystopian US is inevitable.
Republishits don't care about deficits. They are retards when it comes to money.
Only Democrats can be trusted with money. They are fiscally responsible.
Never trust a Republican with money
1
Landon Ross
2
Nathaniel Clark
3
Chase Sullivan
4
Ian Williams
5
Noah Parker
6
Adam Collins
7
Jaxson Adams
8
John Price
>That means all spending for everything else will have to be borrowed It means we cut the entitlement spending.
Aaron Cooper
9
Connor Jenkins
and thats why the kenyan nigger doubled the US debt in 8 years?
Thomas Allen
and there will be a recession in 2018 because... ?
Carter Harris
10
Kevin White
Trump got enough money to fund US by himself
Tyler Hughes
because Republicans always cause recessions
Isaac Long
The only time you are ever going to have a chance to push through tax cuts is when you have situations like that so you have to take advantage of them.
Joshua Miller
conservashits love their entitlements tho
Andrew Jones
11
Brayden Robinson
I would be seriously miffed if I was Canadian, and being represented on Sup Forums by this fucking leaf.
Jason Rogers
Say it with me:
UNDER BUDGET AND AHEAD OF SCHEDULE
Caleb Wood
>nigger Recessions come on average every 8 years so we are due to enter one soon.
Samuel Roberts
we arent even really out of the last one yet, first things have to become better for them to become worse again
Isaac Cooper
Literally does not matter. Government prints whatever it wants. The US government has been out of money since they switched to full fiat currency.
Jordan Ross
...
William Bennett
>Clinton has good economy before the end of his first term Media: Clinton did this 100% go Billy!
>Obama has dog shit economy for 2 full terms >Media: Obama dindu nuffin, BUSH = NAZI
It's like pottery
Christian Adams
Yeah well that was actually when companies paid corporate income tax, outsourcing wasn't so rampant, and general technology didn't replace jobs in every sector.
What's this mean for Trump? Who the fuck knows.
Aaron Hernandez
Trump will abolish the current $US and all the fake debt and replace it with a new note that will no longer be the worlds reserve currency.
Jose Richardson
Obama never doubled the debt. You're thinking of Reagan.
Isaac Ortiz
All he has to do is get rid of medicare like he should
Zachary Allen
>leaf
Adrian White
Obama's economy is amazing tho
He averted a 2nd Republican Great Depression.
Oliver Davis
Did you consider this though. He was a nigger.
Alexander Hughes
Putin's wet dream. The end of American dominance.
Trump will probably bring them down.
Josiah Diaz
And the only jobs he added were service jobs that pay minimum wage. i.e., nigger jobs.
Jeremiah Green
>edgy dutchman
Helle Thorning-Schmidt was hot and a wonderful Prime Minister.
Julian Green
WRONG
Why do right wing retards tolerate yuropoors shitting on their own country>?
Joseph Scott
I'm not dutch. Seems like you've been hoisted by the >VPN much like american got a fast one pulled on them by the nigger president
Tyler Howard
another russian shill? How many of you are there?
Be honest. Can you believe how fucking stupid and easy to manipulate Trump voters are?
Mason Rogers
Massive call, however under Obama the reported US debt has increased from $10 trillion USD to $20 trillion USD, the largest increase over any period of time in US history. The great majority of this debt was given to the (((financial institutions))) to bail out there failed speculative positions araing from the 2008 Global financial crisis. This will be a huge test for Trump's Presidency. I can't see how he can ignore this in the current media environment as his enemies will latch onto the inevitable increase in debt as report it as a failure.
Jaxon Thomas
Sup Forums is blessed to have you. Free education.
Henry Thompson
not a single minimum wage job was added? wow, that seems very true and not made up. let me just radially change my opinion on king nigger.
Brandon Howard
>Thinking that entitlement spending isn't going to come crashing down. He's been pretty clear about renegotiating everything.
Caleb Hill
Fuck off syrupnigger. Its our country and we'll destroy it if we want to. #MAGA
Levi Hernandez
A FUCKING LEAF
Isaac Hughes
Wrong!
If a tax cut coincides with an interest rate rise. It's literally fake news and they are only cutting taxes because secretly they cant rase interest rates without fucking the economy even after all this time.
It's fiscal policy! And fuck monetary policy but they are both the same fucking Jew just in different disguises.
Michael Walker
>russian shill a cursory glance at the picture would have saved you this embarrassment my kikey leftypol shill.
Evan Foster
Thanks, Obama!
Levi Bell
But that is just the thing, this fake weak recovery was going for so long that it actually made things worse in the light of what is coming.
Dylan Allen
Э ФAКИH ЛИФ
Owen Carter
growth and inflation fixes it trump will borrow and print like theres no tomorrow it might work out
Jacob Russell
t. Trump voter
Adrian Price
I'm sure they don't factor in money being cut from aid and taxing other countries or increased production in the US.
Carter Gonzalez
America goes down, it's taking most of the world with it. You do realize that.
Jaxson Sanchez
At least you could give his flunkes money and they would let you do whatever you wanted.
Gabriel Kelly
hence why most of the world was against trump
Ian Sanders
Trumo can get away with deficits and increased debt as long as his many enemies in the media don't focus on it, but I highly doubt that, they'll be constantly trying to undermine him.
Austin Scott
>federal debt in 2009 >$10t >federal debt in 2017 >$20t
>obama never doubled the debt
Caleb White
I see nothing about number of jobs in that chart.
James Jenkins
That's it. Had Obama expanded GDP vs debt at the rate of Reagan GDP would be $27 trillion and we wouldn't be talking about basic payments. We would be paying the debt down. But the magic negro was such a complete failure where Trump gets it.
Caleb Morgan
what was the national debt when obama took office?
Tyler Wright
>Obama Leaf Remember to sage and report.
Hunter Phillips
It would be real fucking sad if we have another recession in 2018. We haven't even recovered from the last one yet.
Bentley Ross
...
Asher Cox
Yet will rely on Trump.
Brody Reyes
That doesn't make sense. Democrats are the ones who fucked this all up. >HERR DURR It was the republicans Presidents don't control the tax law. Congress does. Presidents don't create law at all. Presidents primary role is international. By your own admission, the largest spending is on entitlements.
Matthew James
Sup Forums in 2017: >ignore facts, suck trump cock unquestioningly.
Logan Miller
Half
Kayden Roberts
Reagan nearly tripled the national debt
Logan Walker
Don't bother, he doesn't like facts.
Juan Hughes
And wages in that chart?
Dominic Reed
Wrong. And if it happens, but Russia doesn't become the maker of the next world currency as you imply but it won't. I hope from the day you realize that all just happened and you better stop being so stupid. Because you're always wrong and fake. And stop responding to intelligence in the meantime. I don't want a (you) from someone like you.
Aiden Martin
And he still added lest debt to the pile than Obama, much less in fact
Not even trying to defend Reagan's polices but come one
Angel Edwards
u just asked for a chart
>I see nothing about number of jobs in that chart. wages are here Why can't you right wing retard trump voters get a job.
Jack Walker
Oh it was actually just over $11t, still close enough to call it doubled.
Ryan Wilson
>Another recession Doesn't look like that's going to happen. Business has looked very optimistic on the next presidency. The only thing Trump can do is renegotiate trade and shrink the size and roll of government.
Oliver Sanchez
And doubled GDP. Had the nigger had the same results with GDP growth vs debt what should our, not yours, GDP be?
Angel Miller
Why were people so unhappy with Democrat rule that they handed all three branches of government to Republicans?
Bentley Nelson
if you think the end of the usd as the world reserve currency is not a bad thing for america, then you are a fucking right wing retard
Jonathan Peterson
S'lotta waiters and waitresses
Leo Murphy
Republicans have been controlling congress for most of recent memory because of gerrymandering and corruption.
Kevin Peterson
wrong
except its not a fact that the national debt was $10T when OBama took office. It's literally fake news.
Kevin Wright
Correlation != Causation friends
The crash wasn't caused by a lowering of taxes on the rich it was caused by the affordable housing act passed by big Willie bill that allowed for a ton of people who couldn't afford houses buy them. Then when the bulls finally came in people couldn't pay and the bubble burst. Not saying Bush dindu but this was def a late reaction to Billy in the Lily's shitty legislation
Jason James
...
Daniel Roberts
Original post I asked for the number of jobs in relation to this chart That is just wages, it means shit when you claim there are new jobs.
This also shows shit about wages.
Learn to fucking read retard.
Robert Nelson
...
Ian Ramirez
>Spend the same as every president before him combine >Lower the deficit Fake News.
Jack Wilson
Actually Reagan was a total fucking disaster. He tripled the budget deficit, while Obama cut his by 2/3. Reagan nearly tripled the national debt.
He also erased a 30 year trend of a declining debt to gdp ratio
David King
You really are a retard
Deficit =/= debt.
Matthew Gonzalez
...
Ethan Russell
>what are economic cycles
Kayden Rivera
How the fuck can you have the exact wage for 15.8 million different jobs on 1 fucking chart?
David King
>Takes office after Carter and Carters laws. >Can't reverse all of Carters laws. >Doesn't realize that CONGRESS is in control of the budget. Leaf
Aiden Hernandez
> Trump bringing in more and more jobs > creating more tax revenue > cutting inefficient government programs > government spending falls > budget closing in to surplus > Adds his foreign hotel revenue to the treasury > USA is back in the clear
Bentley Price
Because the US crashed under Reagan
Such a disaster, amirite?
Jose Carter
Obama is the slowest spender since Eisenhower actually.
Do you right wing retards even know what spending is?
Obama doubled US debt in a record amount of time, to the extent where reported US debt is over 100% of GDP. What's sad is that all the money went to bail out the bankrupt banks that speculated on subprime mortgages etc.