• Trump reckons he can pay down the entire US national debt by 2024 while cutting taxes
    70 replies, posted
[url]http://edition.cnn.com/2016/04/02/politics/donald-trump-national-debt/index.html[/url] [quote]Donald Trump predicts he could rid the United States of its $19 trillion debt in two terms as president. Eliminating the national debt, which Trump said he could accomplish "over a period of eight years," was one of several ambitious claims Trump made in an interview with The Washington Post published on Saturday. The Republican front-runner explained that he will govern in the similarly atypical, convention-defying manner he has campaigned. While many economists have argued that many of Trump's economic proposals -- including massive across-the-board tax cuts and potentially engaging in trade wars -- could damage the U.S. economically, Trump was characteristically defiant. "I'm renegotiating all of our deals, the big trade deals that we're doing so badly on. With China, $505 billion this year in trade," Trump said, arguing that those new deals would spur economic growth and allow the U.S. to pay off its trillions of dollars in debt.[/quote] Put another way, he's pledging to achieve an average $2.3 trillion surplus for the next eight years
just print more money!
Will he turn water into wine after he's done? This isn't going to happen. Not this way, and certainly not under Donald Trump of all people.
I mean everything is possible. But even if he got rid of 25% of the national debt, I would be largely impressed.
Math?
I worry a lot about what Trump would do as president but the economy is something I think he'll be fine for Maybe not the WHOLE debt though
[QUOTE=ScottyWired;50059346]I worry a lot about what Trump would do as president but the economy is something I think he'll be fine for Maybe not the WHOLE debt though[/QUOTE] are you forgetting the part where his businesses keep failing
[QUOTE=Rusty100;50059354]are you forgetting the part where his businesses keep failing[/QUOTE] I wish my businesses failed to the point where I made a billion [I]at least[/I] using an inheritance of 200 million
[QUOTE=ScottyWired;50059346]I worry a lot about what Trump would do as president but the economy is something I think he'll be fine for Maybe not the WHOLE debt though[/QUOTE] I disagree [url]https://www.washingtonpost.com/politics/in-turmoil-or-triumph-donald-trump-stands-alone/2016/04/02/8c0619b6-f8d6-11e5-a3ce-f06b5ba21f33_story.html?postshare=6561459637742585&tid=ss_tw[/url] [quote]Any number of Trump’s predictions haven’t worked out. In 2012, for instance, he predicted that if Obama were reelected, oil and gas prices would go “through the roof like never before.” In 2011, Trump said that when Obama’s health-care law took effect, national unemployment would “go even higher” than 9 percent. He was also bullish on real estate investments in the run-up to the housing bust.[/quote]
[QUOTE=smurfy;50059359]I disagree [url]https://www.washingtonpost.com/politics/in-turmoil-or-triumph-donald-trump-stands-alone/2016/04/02/8c0619b6-f8d6-11e5-a3ce-f06b5ba21f33_story.html?postshare=6561459637742585&tid=ss_tw[/url][/QUOTE] To be fair, wasn't the drop in oil and gas prices fairly sudden and out of left field?
[QUOTE=Svinnik;50059358]I wish my businesses failed to the point where I made a billion [I]at least[/I] using an inheritance of 200 million[/QUOTE] 200 million in 1971 money is 1.19 billion today, if Trump's only worth a billion he's lost money.
I suppose he'll make Mexico pay for it.
And yet every analysis into his tax plan shows that he would increase the US' debt by over 9 trillion in 10 years and would increase the US' budget deficit by 80% by 2036. I mean Lyin' Ted is one thing, but Trump lies just as much if not more.
Now that I think about it, the only thing could be more entertaining than seeing Trump run as a general election candidate would be seeing Trump run for re-election after his first term
[QUOTE=ScottyWired;50059346]I worry a lot about what Trump would do as president but the economy is something I think he'll be fine for Maybe not the WHOLE debt though[/QUOTE] [QUOTE=Rusty100;50059354]are you forgetting the part where his businesses keep failing[/QUOTE] [QUOTE=Svinnik;50059358]I wish my businesses failed to the point where I made a billion [I]at least[/I] using an inheritance of 200 million[/QUOTE] Managing a country's finances has little in common with managing that of a specific business, outside of both involving money
[QUOTE=Shibbey;50059432]Managing a country's finances has little in common with managing that of a specific business, outside of both involving money[/QUOTE] Which would imply that he's not qualified to do so at all?? He's just a businessman. I don't even understand how people can hear that he wants to renegotiate all the US trade deals and not see that as a huge red flag. I wouldn't trust a politician to negotiate trade deals without looking out for his own international business first.
Math and economics aside, he wants to "renegotiate all of our deals" (very generalized statement, to start) even though many economic trade we do with other nations are mutually beneficial (thus the whole purpose of trade) and not "we take money, you lose money". What makes him think that other nations will renegotiate? If he drives his "bargains" too hard, we'll end up an economic pariah and it'll just have the whole world's economy take a downturn. [editline]3rd April 2016[/editline] [QUOTE=EcksDee;50059400]And yet every analysis into his tax plan shows that he would increase the US' debt by over 9 trillion in 10 years and would increase the US' budget deficit by 80% by 2036. I mean Lyin' Ted is one thing, but Trump lies just as much if not more.[/QUOTE] [url=http://www.politifact.com/personalities/donald-trump/]Literally only 2% of Trump's statements are straight, completely true[/url] :v:
[QUOTE=Shibbey;50059432]Managing a country's finances has little in common with managing that of a specific business, outside of both involving money[/QUOTE] Both are still organisations, the difference is a matter of scale. If Trump can't manage the finances of a real estate company, then how is he going to manage the finances of a nation of a 1/3 of a billion people? Like generally I wouldn't want somebody who can't handle money, to be put in charge of a budget.
An easy way to get a rid of debt is to cut big spending in our government. A massive amount is defense spending. But of course that will cause issues all on its own. As it'd cause the military to have to shutdown a majority of the 600 or so foreign bases we have. And reduce the carrier battle groups. The problem is who would fill that gap.
[QUOTE=person11;50059340]Math?[/QUOTE] 505 billion chinese yen = 77.9 billion US dollars
More bullshit from the ass The Republicans are all so full of shit, every one of their tax plans increases our debt while coincidentally only stripping funds from areas that they find inconvenient such as the EPA, NASA's earth watching and climate research, various regulatory agencies, the ATF, while doling out enormous bonuses to fossil fuels, the military, and other pet projects At least Clinton and Bernie start from revanue neutral plans
[QUOTE=Emperor Scorpious II;50059472]Math and economics aside, he wants to "renegotiate all of our deals" (very generalized statement, to start) even though many economic trade we do with other nations are mutually beneficial (thus the whole purpose of trade) and not "we take money, you lose money". What makes him think that other nations will renegotiate? If he drives his "bargains" too hard, we'll end up an economic pariah and it'll just have the whole world's economy take a downturn. [editline]3rd April 2016[/editline] [url=http://www.politifact.com/personalities/donald-trump/]Literally only 2% of Trump's statements are straight, completely true[/url] :v:[/QUOTE] [img]http://puu.sh/o4xFY/b45f5f5300.png[/img] that about sums it up [editline]3rd April 2016[/editline] [QUOTE=Daemon White;50059615]505 billion chinese yen = 77.9 billion US dollars[/QUOTE] how about: sane person math
Forget about paying off all of the national debt over 8 years. If he can return the US fed govt to a budget surplus within 8 years, that would amaze me.
[QUOTE=ScottyWired;50059346]I worry a lot about what Trump would do as president but the economy is something I think he'll be fine for Maybe not the WHOLE debt though[/QUOTE] he plans on putting a tarriff on everything from china and mexico, american's two biggest exporters i don't think he'll be fine for the economy
[QUOTE=person11;50059340]Math?[/QUOTE] meth export a lot of it and make money
[QUOTE=Svinnik;50059369]To be fair, wasn't the drop in oil and gas prices fairly sudden and out of left field?[/QUOTE] No, better shell drilling tech has been here for 30 years. It just got cherper then drilling in the ocean Then every company decides the to shell drill now we have a classic case of supply vs demand = oil being cheap as dirt
[QUOTE=Rusty100;50059354]are you forgetting the part where his businesses keep failing[/QUOTE] are you forgetting the part where failed business ventures are common in big business. mitt romney has more failed businesses then trump. now i doubt trump will accomplish what he is saying here, but bringing up "b-but his failed investments!" is asinine.
I like how he's already trying to secure a second term. Maybe try working on the first one?
[QUOTE=LtKyle2;50060004]are you forgetting the part where failed business ventures are common in big business. mitt romney has more failed businesses then trump. now i doubt trump will accomplish what he is saying here, but bringing up "b-but his failed investments!" is asinine.[/QUOTE] Not when your volume of failures is as vast as his.
[QUOTE=fruxodaily;50059315]just print more money![/QUOTE] Sounds more like a sanders thing
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