GoranZ wrote:mookiemcgee wrote:GoranZ wrote:The national debt has exceeded $21 trillion for the first time, according to the U.S. government. It had hit $20 trillion in September. President Donald Trump signed a debt-limit suspension in February, allowing unlimited borrowing until March 1, 2019. Economists are expecting the U.S. to run wider budget deficits due to the tax cut Trump signed into law in December. The government had a monthly deficit of $215 billion in February, up 12% from the same month last year due to lower revenue and higher spending.
U.S. national debt exceeds $21 trillion for first time1 trillion new debt in just 6 months! This will probably blow very fast.
Thanks Obama.
For current increase the biggest responsibility is for Obama and those before him. But I'm afraid that Trumps tax changes will make the problem worse not better.
I disagree... only in the sense that the president historically has not really 'been responsible" for federal debt... They might publicly try to assume or push away credit but really the debt is more accurately the responsibility of congress, a seperate branch of the gov't. So we have 535(?) other people that are much more ripe for the blaming.
I would agree however that conservatives have been running on the idea of not increasing the debt for the last 8-10 years (or much longer in some cases), but they were all more than happy to sign a tax bill that did the opposite of their stated platform. Even Rand Paul one of the only conservatives that seems to show some backbone in actually being fiscally conservative voted in favor.