PebHmong Discussion Forum
General Category => General Discussion => Topic started by: Hung_Low on April 19, 2022, 01:18:15 PM
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Spending will reduced debt
"The government spending is doing the exact reverse, reducing the national debt. It is not inflationary." - Nancy Pelosi
Biden's 2023 Budget:
The budget request shows the U.S. spending $72.7 trillion over a decade while taking in $58.3 trillion in tax and other revenue. The resulting deficits would swell gross federal debt to $44.8 trillion from about $30 trillion now, per the summary tables put out by the administration . But he claimed it would reduced the debt by $1trillions.
Hmm... you increased the debt by $14.8 trillions but save $1 trillions... great, let's do it.
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Funny how debt suddenly became an issue now that Trump is no longer in office, but was fine with Republicans when he was in office.
"The national debt stood at $19.9 trillion when President Trump took office in January 2017, and it reached a high of $27 trillion in October 2020"
Trump said he would eliminate the national debt during his campaign. What happened?