Actually the debt has fallen by $102 billion since January. Trump hasn’t legislated anything that would have any impact on the fiscal accounts, but he was in control when this occurred. One reason that is probably is they have hit their debt limit, and can’t go over the limit, so they are delaying or suspending various payments that need to be made, particularly within some of their intra-governmental accounts… By those measures, they can hold the national debt where it is for a certain amount of time.
braindead Premium Member over 6 years ago
Not to worry.
Just cut taxes for wealthy individuals and wealthy corporations and that darn ol’ debt will just disappear.
Another ‘win’.
superposition over 6 years ago
And no other OECD nation is in debt?
https://data.oecd.org/gga/general-government-debt.htm
And the trend of the deficit over time is …
https://www.usgovernmentspending.com/include/usgs_chartDp01f.png
Mr. Blawt over 6 years ago
Actually the debt has fallen by $102 billion since January. Trump hasn’t legislated anything that would have any impact on the fiscal accounts, but he was in control when this occurred. One reason that is probably is they have hit their debt limit, and can’t go over the limit, so they are delaying or suspending various payments that need to be made, particularly within some of their intra-governmental accounts… By those measures, they can hold the national debt where it is for a certain amount of time.