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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump is the most fiscally reckless idiot in the history of human democracy.
2020's federal budget deficit is already pushing close to 3 Trillion dollars, as of the end of June. By the end of the fiscal year it will close in on 4 Trillion. FOR 1 YEAR.
Trump's fiscal irresponsibility has shattered previous annual deficits set by Chimpy Bush in FY's '07, 08, 09. Remember, the '09 budget was signed into law Oct 2008. Chimpy's final year in office when the deficit hit 1.7 Trillion for that year.
President Obama brought the deficit down to 250 billion his second to last year in office and 400B his final year.
Or as I like to call it, responsible fiscal stewardship by a very wise elected official. Again, props to my man Pres Obama.
Trump is the polar opposite. His tax cuts for the wealthy are dooming our nation's future.
This subject among many other subjects regarding Agolf Shitler proves..
Donald Trump is the worst elected official in the history of human democracy and THERE AIN'T A CLOSE SECOND.
unblock
(52,181 posts)but in truth, for a change it wasn't the tax cut that did the most damage.
sure, it was a completely idiotic tax cut, horribly timed and skewed toward the people who needed it the least.
but most of the deficit this year was due to all the money they're throwing at the economic calamity that donnie made about 10 times worse than it needed to be.
and, of course, he's pissing it away with little to no oversight, so who knows how much he's siphoning away, and how much is going to further his corruption instead of, again, helping americans who actually need it.
Imallin4Joe
(758 posts)Yes, the burden of taxation shifted from the rich to workers and the impoverished alike. You, I, and everyone else got swept up in it.
To be clear to all, I'm not anti-tax. We need taxation to maintain this beautiful country.
I totally get the need to spend big when it comes to the pandemic.
I've had covid-19. My lungs are still scarred. Yes, I am telling the 100% truth.
Stimulus spending has been vital. I totally get that and am 100% on board with that concept.
I mildly disagree with you on the negative effects of the Trump tax cuts.
That act pulled the fiscal rug out from under our nation's feet.
One so carefully crafted by the Obama administration. Again, I'm not trying to fully disagree. Let's save our energy for fighting the good fight.
In closing, you very correct comment about the lack of oversight is straight out of the Thug playbook. Police state enforcement is only meant for working and unemployed poor folks. If Trump were truly law and order he would be glad to provide oversight to the pandemic's many business loan assistance programs. Responsible govt stewardship requires good oversight.
Trump's maniac brain pushes a zero-oversight, rife with corruption-system that has since sadly blossomed.