The National Debt Increased by 2 Trillion Dollars Since Trump Took Office

[Conservative]

Bet that warms the hearts of fiscal conservatives.

The problem is too many people don't understand the budget and the line items in that budget. they will always blame the President but how do you do that when the President has no spending authority without Congressional approval? Trump is being blamed for 2 trillion dollars in added debt but not one person here has posted the line items that created that debt. Wonder why?? Could it be because that would make them look more foolish and partisan and they certainly don't want that to happen

If anyone is going to blame the President for the deficit and debt then give him the budget he wanted then hold him accountable. No budget and no blame! over 60% of the budget expenditures are entitlement spending outside the control of the President. Interest expense is part of the deficit and that is based upon the debt inherited. Education time for many, wonder if any are paying attention

 

[Lakryte]

The problem is too many people don't understand the budget and the line items in that budget. they will always blame the President but how do you do that when the President has no spending authority without Congressional approval? Trump is being blamed for 2 trillion dollars in added debt but not one person here has posted the line items that created that debt. Wonder why?? Could it be because that would make them look more foolish and partisan and they certainly don't want that to happen

If anyone is going to blame the President for the deficit and debt then give him the budget he wanted then hold him accountable. No budget and no blame! over 60% of the budget expenditures are entitlement spending outside the control of the President. Interest expense is part of the deficit and that is based upon the debt inherited. Education time for many, wonder if any are paying attention

The President pushed for the plans (such as the tax cuts) that increased the debt and signed them into law. The President literally proposes a budget (and the one Trump proposed ran deficits). Sorry, but while you are correct presidents' alone are not to blame, presidents do share the blame. And in the past two years, Trump shares that blame with a Republican controlled House and a Republican controlled Senate.

 

[Conservative]

The President pushed for the plans (such as the tax cuts) that increased the debt and signed them into law. The President literally proposes a budget (and the one Trump proposed ran deficits). Sorry, but while you are correct presidents' alone are not to blame, presidents do share the blame. And in the past two years, Trump shares that blame with a Republican controlled House and a Republican controlled Senate.

Where on Earth do you get your information? Would you please post treasury data showing the tax revenue dropped in 2018 with those tax cuts? Stop buying what the left is feeding you because it's making you look foolish

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[CaughtInThe]

Trump and his family got a major, permanent tax cut. That's all that matters to our prez.

 

[Lakryte]

Where on Earth do you get your information? Would you please post treasury data showing the tax revenue dropped in 2018 with those tax cuts? Stop buying what the left is feeding you because it's making you look foolish

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"Receipts from corporate income taxes, the third-largest source of revenues, fell by $92 billion (or 31 percent) in 2018, dropping from 1.5 percent to 1.0 percent of GDP. That percentage of GDP is the lowest recorded since 2009, and it is half of the 50-year average of 2.0 percent of GDP. " (source)

In times of economic growth, you would expect corporate income tax revenue to increase. It is pretty clear that drop is a result of the tax bill.

This chart is also useful in visualizing the drop:

(source of chart (data from U.S. Treasury Reports))

 

[Conservative]

"Receipts from corporate income taxes, the third-largest source of revenues, fell by $92 billion (or 31 percent) in 2018, dropping from 1.5 percent to 1.0 percent of GDP. That percentage of GDP is the lowest recorded since 2009, and it is half of the 50-year average of 2.0 percent of GDP. " (source)

In times of economic growth, you would expect corporate income tax revenue to increase. It is pretty clear that drop is a result of the tax bill.

This chart is also useful in visualizing the drop:
View attachment 67248184
(source of chart (data from U.S. Treasury Reports))

Corporate income tax is one revenue stream yet total revenue is up. Why are corporate taxes down and why does it matter? Record spending and record state and local tax revenue means less need for federal spending

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[jonny5]

"Receipts from corporate income taxes, the third-largest source of revenues, fell by $92 billion (or 31 percent) in 2018, dropping from 1.5 percent to 1.0 percent of GDP. That percentage of GDP is the lowest recorded since 2009, and it is half of the 50-year average of 2.0 percent of GDP. " (source)

In times of economic growth, you would expect corporate income tax revenue to increase. It is pretty clear that drop is a result of the tax bill.

This chart is also useful in visualizing the drop:
View attachment 67248184

 

[Conservative]

200bn is a drop in the bucket of what we spend. Thats like 2 weeks of spending. Might as well cut it to 0.

what we all will continue to notice is how the left focuses always on revenue and never expenses. Big govt. liberals need a big federal govt. to support their entitlement creating rhetoric and mentality. As you stated and will be ignored most liberals have no concept of what taxes they pay or their purpose nor any understanding as to the line items in the budget. When asked to explain the deficits they run from the questions because they don't want to hear that they are the problem not the President

 

[Media_Truth]

what we all will continue to notice is how the left focuses always on revenue and never expenses. Big govt. liberals need a big federal govt. to support their entitlement creating rhetoric and mentality. As you stated and will be ignored most liberals have no concept of what taxes they pay or their purpose nor any understanding as to the line items in the budget. When asked to explain the deficits they run from the questions because they don't want to hear that they are the problem not the President

Revenue, expenses. blah-blah-blah. Bottom line is that Republicans are continually spending more than they take in. They skyrocket the deficit - consistently - one Republican after another.

 

[Conservative]

Revenue, expenses. blah-blah-blah. Bottom line is that Republicans are continually spending more than they take in. They skyrocket the deficit - consistently - one Republican after another.

That is your opinion not supported by data but rather your own ignorance and media spin. Presidents don't have the authority to spend money without Congressional approval so your opinion is wrong. Clinton had a Republican Congress that cut his budget proposals as did Obama when the deficits started dropping in 2015 but facts always get in the way of your personal opinions. You are embarrassing yourself