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Trillions in coronavirus spending could explode deficits to World War Two levels

In this particular case he's not being irresponsible in terms of the actual number and the deficit.

In a situation like this, budgets do not matter and since it is the most serious issue to face the world since WWII, it only makes sense the spending would be as high, if not higher.

The issue is the structure of the spending and particularly the slush fund, typical Republicanism, save the rich, **** the poor, the Christian Conservative Way.

What he absolutely can be blamed for in the lead up to this was the ill advised tax cuts that Republicans recklessly pushed through in a time of supposed economic prosperity and Trump being so publicly frustrated with the Federal Reserve putting up interest rates in any way.

I am extremely worried about inflation and price stability depending on how long this goes on, but I do think we can spend our way out if we fight this thing aggressively and all chip in to tackle this thing in the short term, but if people act like ****ing morons and prolong it through stupidity and recklessness, than no government will be able to get a handle on this economically.

Places like Vietnam, Taiwan, Singapore and South Korea prove their is a road map to normalcy even within the context of this virus, we just have to act on it, I am uncomfortable admittedly with some of the more invasive practices some of it entails.
 
In this particular case he's not being irresponsible in terms of the actual number and the deficit.

In a situation like this, budgets do not matter and since it is the most serious issue to face the world since WWII, it only makes sense the spending would be as high, if not higher.

The issue is the structure of the spending and particularly the slush fund, typical Republicanism, save the rich, **** the poor, the Christian Conservative Way.

What he absolutely can be blamed for in the lead up to this was the ill advised tax cuts that Republicans recklessly pushed through in a time of supposed economic prosperity and Trump being so publicly frustrated with the Federal Reserve putting up interest rates in any way.

I am extremely worried about inflation and price stability depending on how long this goes on, but I do think we can spend our way out if we fight this thing aggressively and all chip in to tackle this thing in the short term, but if people act like ****ing morons and prolong it through stupidity and recklessness, than no government will be able to get a handle on this economically.

Places like Vietnam, Taiwan, Singapore and South Korea prove their is a road map to normalcy even within the context of this virus, we just have to act on it, I am uncomfortable admittedly with some of the more invasive practices some of it entails.

The tax cuts are a huge problem. He increased the deficit bigly when times were good and now there is less ammunition at a time like this because he wanted to make sure wealthy people got a tax.
 
The tax cuts are a huge problem. He increased the deficit bigly when times were good and now there is less ammunition at a time like this because he wanted to make sure wealthy people got a tax.

Past debt & deficits don't affect the government's present (or future) ability to create and spend more money. I don't like tax cuts for the rich any more than you do, but you need to get the reasoning correct.
 
Past debt & deficits don't affect the government's present (or future) ability to create and spend more money. I don't like tax cuts for the rich any more than you do, but you need to get the reasoning correct.

As a conservative I don't think the trump deficit is sustainable. I hope i am wrong though.
 
Trump is the most fiscally irresponsible president in US history and not a peep out of the teabaggers. Maybe they were just racist after all.

Trillions in coronavirus spending could explode deficits to World War Two levels - MarketWatch

We were going to have huge deficits no matter what. But Trump was really dumb to run trillion dollar deficits during a growing economy. And he should have done way more when covid was just a few thousand cases, and closed down borders when it was in Wuhan.
 
Trump is the most fiscally irresponsible president in US history and not a peep out of the teabaggers. Maybe they were just racist after all.

Trillions in coronavirus spending could explode deficits to World War Two levels - MarketWatch

Could explode? :lamo

Deficits are going sky high! Something along the lines of $2.5 trillion + for FY 2020. FY 2021 could see similar levels. Debt:GDP ratios will eclipse the WWII levels in the next quarter, and long-term in the next 5 years.
 
sorry, y'all ,,,,,,,,,,you won't have enough money to pay down the interest when it comes time, with massive layoffs, 50 + million out of work and on welfare, YIKES, your all doomed, soon the rioting will start, enjoy your civil war, couldn't have happened to a nicer country who likes to start wars all over the world, karma is a biotch.
 
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