Is this shit true?

>>723500331

sounds too good to be true,i guess google is your friend.but then again who is credible anymore.

>>723500331
Are you fucking retarded? Yes, you are. You didn't even deserve this reply fucking faggot

Economist here. I can confirm that is correct.

Probably. The traitor drumpf's Russian masters can influence the economy in unseen ways by hacking money

>>723500466
suck it retarded hellary supporter. u lost, get used to it. This is NOTHING compared to when God sends you to hell. The liberal tears will flow FOREVER hahaha

>>723500331
Wouldn't doubt it, considering 12 billion is nothing compared to 19 trillion

This is fake news.

>>723500331
Probably a fake headline to get clicks.

It doesn't point to a reason why Trump is responsible for the change. - It could have been caused by many things, why is it a "cut" performed by Trump? How did it work? You'd think the WH would announce something like this or take credit...

That's not to say its definitively not true, but unless the data is explained logically with evidence /rationality, it should be taken with skepticism.

>>723500331
wasn't this because there was a regulation that was costing the US 12 billion to enforce? Something about cars.

>>723500873
Obama raised the national debt 200 billion his first month

https://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=20&startYear=2017&endMonth=02&endDay=21&endYear=2017

yes, this is true. however, this is only 0.06%. this is not a very meaningful change and is within the deviation of natural economic cycles.

big numbers = shock value

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I've been drunk since election day. Is it safe to sober up and comprehend everything yet?

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Murritard, always amazing...

If Trump cut the national debt by half in his first term, liberals would still find something to complain about and say that he is evil.

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>>723501234
a 0.06% change in the national debt, i should say. there could easily be another uptick if trump goes on a few more vacations.

>>723500331
>Is this shit true?

Probably, cutting 0.01% of something is pretty easy to do.

As simple as change the total number of some overly expensive military item we don't need from x to x-1. BOOM, save $12 billion.

>>723500331
Given that US federal debt is about $20000 billion right now, even if it were true that ain't saying much.

Oh well, only $19988 billion to go.

The sad thing is that most Americans will be impressed with the $12 billion number. Which just goes to show that while you might not always get the government you want, you do always get the government you deserve.

>>723500331
12 billion.
Company I work for brought in 1.2 bill last year and is some random rail car manufacturing Joe blow job.

Compare 12 billion out of a trillion...

>>723500331
Not even a little little tiny bit.

>>723501456
You can blame Obama for putting us in this mountain of debt.

>>723501276
kill yourself, it's going to be a long eight years for you.

>>723501140

what is the 2008 financial crash?

You forgot to include the incredibly telling graph in the article, anon.

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>>723501598
I forgot to include the incredibly telling graph in the article, anon.

>>723501545
What is Obama adding ~10 trillion of debt in eight years, Alex.

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>>723501529
>Implying that i'm a hiliaryfag
I think my liver will fail before that

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>>723501456
>impressed with the $12 billion number

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>>723501708
again, huge numbers are shock value. context and percentage are far more important

>>723501545
He certainly didn't help

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>>723500331

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>>723501944

>>723501877
nice try with that attempt at justifying Obama's wasteful spending and money giveaways

>>723501708
Why do you cucks even care about the national debt anymore?

They just raise the debt celing every time they go over, while the US is still the only superpower, other nations will continue to loan to them regardless and it's not backed by anything anyway.

Only thing it means is that unless you're at $0 debt when you guys eventually lose global influence is that you're all going to starve to death.

if i remember 4 trillion was spent on the financial crisis, factor in other types of stimulus another couple trillion the remaining is the operating budget for the US, congrats nigger you've proven nothing

>>723502033
>posts data
NICE TRY POSTING DATA INSTEAD OF FEELINGS ANON

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>>723501996

>>723501877
>public debt
Not national debt you moron.

>>723502033
>>723502100
you could have posted this, but no, as a trump supporter, all you can do is blubber. dems and reps need their feet held to their fire, but the bush era is when the debt broke the dam

>>723502100
Educate yourself and read Flake's report on government waste.

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>>723502281

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>>723502087
Don't forget several multiple trillion dollar wars that helped re-spark middle east terrorism, kill thousands of US soldiers, and kill many tens of thousands of civilians.

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>>723500331
No.

>>723502281
Seems like you want to play the outsider so you can blame everyone else while doing absolutely nothing.

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>>723502356
>non-adjusted
Into the trash it goes.

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>>723502244
oh oops you're right, here you go, not that they're inter-correlated or anything, smart man :^)

>>723500331
I mean it's not false but it's pretty abysmal in comparison to the 19 tril

>>723501528
no, actually you can blame George W. Bush for crashing the economy in '07, having wasted the surplus the Democrats left him in 2000 - which should have provided a comfortable cushion against a crash like that - on two futile wars.

Obama has actually reduced the budget deficit he started with substantially (although of course the overall debt keeps going up until the deficit is reduced to zero)

>>723501140
Cause Dubya problaby didn't know how to even spend money...

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>>723500331

>>723502567
oh okay, thanks for posting your findings instead of just lazily typing, i appreciate that

>>723500331

From Jim Hoft.

http://mediamatters.org/blog/2010/09/21/jim-hoft-dumbest-man-on-the-internet/170927

>>723502664
therefore by that reasoning, if somehow the debt doubles to $40 trillion under Trump, it is not Trump's fault.

>>723502392
my response was actually for
>>723501708
but yeah bush era shitloads was spent on 2 wars and near the end throwing a bit at the financial crisis because it wasn't totally understood the gravity of the situation

>>723502589
>per capita

'Play on words' by Anon

>>723500331
>(You)

Hah yea fucking right.

>>723503036
I know im fucking right.

And you are left.

>>723502784
You posted data with poor context. That is why I made my post. Your data is not useful.

It would have been nice to see your data adjusted, but you decided to be a lazy whiny shithead about it instead of finding it.

great job

>>723502514
wow such an impact in that sentence, so meaningful, thanks for sharing

i am not sure about doubling (but who knows what sort of mess trump will get the US into?) furthermore, you are correct it will be going up at a faster pace given the amount of baby boomers retiring

>>723503133
>still doesn't post data
thanks again, anon. now go sit back down.

>>723500331
>He did this amazing thing!
>No details as to how it was accomplished

Trump Jong Un

>>723500466
should you kill yourself? Yes, yes you should. I am so glad you agree with me.

>>723500610
god isn't real fag fuck off

>>723503215
>>still doesn't post data

The fuck are you high on?

I never said i was going to post any data. I made one post replying to your graph that said non-adjusted, which makes the graph difficult to read.

Shit, I might have even agreed with your points if I could understand your data better, but you decided to be an asshole instead.

>>723503671
really good job, brother, i appreciate your meaningful contribution!

>>723500331
Trump will say it's true, the left will say it's fake.
Fox and other right wing news will say Trump is telling the truth, CNN and other left wing news will say he's lying.

There is no more unbiased sources, so who even knows anymore.

>>723500493
>>723500497
Nope. He's increased the country's indebtedness considerably.

>>723501877
Tax and spend, tax and spend.

>>723500331
He just wrote a check

>>723504236
pretty much
https://en.wikipedia.org/wiki/Jude_Wanniski#The_Two_Santa_Claus_Theory

>>723503977
>be faggot
>posts useless graph
>someone points out it is useless
>"I know, I'll act smug and blame him for not posting useful data, that will make me look smrt"

Still waiting on that useful version of your graph, not sure why you think its my duty to find your data for you.

>>723500493
Brad Pitt here. I can confirm Trump is the most handsome man in history. Bigly.

>>723501854
12 billion isn't much compared to the 5 trillion total debt.
BUT it's 12 billion in one month. If he were able to keep that up, and I'm not professing that it's likely or even possible, but *if* it did keep up at a steady rate, over 48 months that would add up to cutting around 10% of our total debt.

>>723503977
he pointed out your mistake, or lie?????
if we're fair, your post is less of a contribution.


>check em

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>>723500331
Anything positive said about Mein Drumpf, no matter how unbelievable, is TRUE.

Anything false said about Fearless Leader is FAKE NEWS! REEL FAKE NEWS! You go to the Gulag for repeating it!

>>723504729
That would be nice.

Problem is finding small stuff that is simple to cut becomes more difficult as time goes on. At the beginning there are some obvious choices, but eventually the cuts will deal with heavier bureaucracy or be entangled with contractors, etc.

But as you said, it is a nice start.

>>723504465
Bill Murray here.
I can confirm that this man is, in fact, Brad Pitt, but no one will ever believe him.

>>723502945
Yup, because population doesn't rise in 8 years.

>>723502945
WTF? Per capita stats are what you use for this, or do you not understand what per capita means?

trump is expecting to have the country entirely out of debt by the time he leaves office. the country will be producing a large profit with no debt. all those countries who rely on US treasury bonds are going to drown in their own feces

>>723500873

In Obama's first month he increased the debt by 200 billion

Look it up.

>>723505324
Yes, it's supposed to be the opposite of per stirpes.

>>723501996
DELET THIS

>>723501996
with an ass like that he definitely plays golf on a regular

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>>723505073
HI! BILLY MAYS HERE FOR CONFIRMING THAT THIS IS BILL MURRAY CONFIRMING THAT THAT WAS BRAD PITT

>>723501730
Hope it does. You degenerate.

>>723500331
It's true, but it doesn't mean much. The debt goes up at intervals as more money is approved to be borrowed, and between those you pay some back. It's like taking out a loan, paying a little bit of it off for a few months, then taking out another loan.

The only way to actually pay down the debt at this point would literally be to create an empire, conquer other nations, then use the assets of those nations to pay down our debt.

>>723500331
Milo Yiannopoulos here. can confirm this is true. i may have lost everything but i still have this shit hole

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>debt goes down $12 billion the first month Trump is in office
>debt went up $200 billion the first month Obama was in office

Really activates my almonds

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>>723505939
>only way to actually pay down the debt

What about the valley girl option?
>Just, like, print more money and, like, pay it with that.
>facepalm.jpg

>>723501528
No Bush Jr war on terror did

>>723506436
I could be wrong, but I think the majority of government bonds which make up the debt have some level of inflation adjustment beyond their normal returns

>>723506618
That is the joke.

>>723500331
So, to explain how budget works for you motherfuckers.
Money and accounting related things are done according to the calendar year, or sometimes from January to January. Meaning, you wouldn't see any solid debt increase or decrease until everything is finalized after the year is over. Meaning, any debt that appeared or disappeared is the fault of the previous year, not that current month.
MEANING, the 200b loss that showed up was all the work of numbnuts Bush, and the 12b gain was Obama's.

>>723507011
>>723506618
>>723506436
I'm aware of the effects of printing more money.
What happens if the US does it secretly and pays it all off in one go with a current budget surplus

>>723507011
Well, I think the joke is more that inflation adjustment or no, creating $20 trillion dollars worth of currency would destroy the entire economy. Even ignoring the inflation effect, paying the debt off with devalued currency would be no different than simply announcing that you're not going to pay it off at all and default on it.

>>723507220
Isn't it by the quarter?

>>723507220
Hi, and welcome to the future.
Here in the future world of 2017 we have things called "computers" that track everything from hand-drawn shemale porn to financial expenditures, twenty-four hours a day, seven days a week.

>>723507264
$20 trillion dollar budget surplus "in one go"? That doesn't even make mathematical sense.

As far as the benefit of hypothetically paying off the debt? Well, you'd have more tax revenue to spend on actually making America great now instead of spending 80% of it on paying the interest on money that was spent decades ago for infrastructure that's already decayed.

>>723507269
This is what the world will get for relying on fiat currency to back everything.

>>723507453

Doesn't work that way - basic accounting has to be measurable over a defined period.

Real life example - wage cycles. Day to day doesn't mean shit.

If you don't understand this - you're poor.

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>>723500331

>>723507631
Well, the founding fathers themselves warned us not to go on fiat currency, but the government got too big, accountability disappeared, and greed and corruption became rampant. A lot of people made a lot of money of switching to fiat currency and pushed the cost onto later generations.

Honestly, it's even worse than that. We've sold off all our commodities for fiat currency. It's like a big scam where someone convinces you to use monopoly money, then uses the monopoly money to buy all your gold. Once the whole thing crashes, you're left with nothing and they still have all the gold.

>>723507572
I think he means, what if we print $20 trillion in $100 bills and then discretely send it to every company, person, country, that is holding that debt.

My answer is the obvious, the cash would be worthless upon delivery due to hyperinflation from dumping out so much supply at once.

Like if it rained diamonds across the world for a few minutes then those jewelry store commercials can fuck off forever because diamonds are as common as pebbles.

>>723508095
Well, like I said, intentionally inflating your currency like that and then using that to pay off debts at a devalued rate is essentially the same as defaulting on the loan in the first place, as far as things like international credit ratings are concerned. The repercussions extend way beyond the inflation itself.

>>723508001
>monopoly money
Our currency is honestly just fancy monopoly money with more features, more art, and with more anti-counterfeit measures.

I believe at one time coinage was minted in semi-precious metals but now its just a coating. Also the fact that pennies cost more to make than they are worth does not help.

>>723507746
see:
>>723501650

>>723508405
It's a little bit more than monopoly money. Slightly. At the very least, a dollar represents a certain amount of labor that it can purchase. That's one of the reason that (((they))) push for mass immigration to inflate populations (even to unsustainable levels in certain countries). More people means more labor, more labor means more fiat currency without inflation, which means those countries can keep paying the interest on their debt.

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>>723508095
Not if Der Juden get their hands on all the diamonds

>>723508337
I agree completely with you.

Probably why the US rating went down. So much debt and printing shitloads while giving said money to banks and companies that failed and should rightfully be bankrupt.

I'd be wary about someone using the world standard currency to promote expensive and bad business decisions.

>>723508405
Yeah, nickels used to actually be nickel, dimes and quarters were silver, and pennies were solid copper.
Now they're all just coated zinc because when the value of the currency would fall or the price of certain metals would increase, the copper would be worth more than the penny and people would scrap them.
Way back in the way back when, when we were still on the Gold Standard, a dollar represented a set amount of gold and you could exchange it for actual gold at any bank.

>>723508095
>>723508618
diamonds are actually pretty common.

Jim Hoft is a dumb cunt.