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8/20/2017 5:51:44 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


ANOTHER RECORD: President Trump Cuts More US Debt for a Longer Period of Time Than Any President in History

AUGUST 20, 2017 12:49 PM
ECONOMY
(Gateway Pundit) – It’s Now Official – No President in US History has Cut More from the US Federal Debt for a Longer Period of Time than President Donald J. Trump.

President Trump now can claim the longest and largest decrease of US Federal Debt in US history.

When President Trump was inaugurated on January 20, 2017 the amount of US Federal Debt owed both externally and internally was over $19 Trillion at $19,947,304,555,212. As of August 17th the amount of US Debt had decreased by more than $100 Billion to $19,845,188,460,167.



(Wouldn't post chart, it's on the link)

No President in US history has ever cut the amount of US Debt by this amount and no President has resided over a debt cut like this ever.

History buffs may say that this is incorrect because President Bill Clinton and President George W. Bush oversaw US Debt cuts over a period of a few years after the Republican Congress led by House Speaker Newt Gingrich forced Clinton into signing a balanced budget. We thought the same, but our analysis determined that this is actually not correct.

Congress did push Clinton into signing a balanced budget but the amount of US debt during this period actually increased. This is confirmed through data maintained by the US Treasury at Treasurydirect.gov.

The US Government Accountability Office (GAO) has performed audits since 1997 of the US Debt amounts outstanding. In their analysis they show that when accounting for US Debt Held by the Public and US Intergovernmental Debt Holdings, the amount of US Debt has increased every year since their audits began.





The amount of US Debt Held by the Public decreased each year from 1999, 2000 and 2001 but the amount Intergovernmental Debt Holdings increased at larger amounts during this period.

The Treasury website does provide daily amounts of debt outstanding but this reporting only goes back to March 31, 2005. The Treasury does provide monthly amounts outstanding back through September 30, 2001 and annual amounts back through 1997. The audited financial statement show the increase in US Debt annually from 1997 through 2016.



We know that no President has reduced the amount of US Debt for a longer period of time because no President has reduced the amount of US Debt since 1997.

A review of the amount of (unaudited) of US Debt outstanding back through the Civil War shows that the last time the US Federal Government had a debt decrease between years was when Republican Eisenhower was President in 1957 and 1958. He cut the amount of US Debt by $2 Billion each year from $274 Billion in 1956 to $273 Billion in 1957 and again to $271 Billion in 1958.

No President besides President Donald Trump has cut the amount of US Debt by $100 Billion ever.

(Note that this will not be shared by CNN, the Failing NYT or the Washington Post as they are too busy reporting on former President Obama’s race war.)

www.thegatewaypundit.com/2017/08/another-record-president-trump-cuts-more-us-debt-for-a-longer-period-of-time-than-any-president-in-us-history/

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8/20/2017 5:54:01 PMPOTUS cuts US debt 

horace_schitt
Over 10,000 Posts!!! (17,434)
Wausau, WI
50, joined Oct. 2009


Let the punditry begin.

AAAAnnnnnndd.....GO!

8/20/2017 6:12:34 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


It will. Hard to disprove though. Trump hasn't raise the debt a penny. What happened in ovomits first 6 mo and 8 years after

Trump is a business man, ovomit is a thief and a liar.

8/20/2017 6:16:08 PMPOTUS cuts US debt 
herc117
Over 2,000 Posts (3,179)
Warren, IN
56, joined Dec. 2016


Quote from shawnee_b:
It will. Hard to disprove though. Trump hasn't raise the debt a penny. What happened in ovomits first 6 mo and 8 years after

Trump is a business man, ovomit is a thief and a liar.


and a druggie and a homosexual and a pervert and liar, and the list goes on and on.

8/20/2017 6:19:22 PMPOTUS cuts US debt 

purplerider1200
South Bend, IN
61, joined Aug. 2011


Libs will yelp that ovomit was bringing down the deficit. Bull. Debt is debt. Two different words that meant the same thing- What was owed.

8/20/2017 6:22:26 PMPOTUS cuts US debt 
wvtravlrr
Over 7,500 Posts!! (7,640)
Ravenswood, WV
58, joined Mar. 2013


The only way Bill Clinton and Newt Gingrich came up with a balanced budget was when they rolled Social Security over into the General Fund...

Then AlGore said he was going to put SoSec in a locked box...

F**k...it was already gone..

8/20/2017 6:25:41 PMPOTUS cuts US debt 
wvtravlrr
Over 7,500 Posts!! (7,640)
Ravenswood, WV
58, joined Mar. 2013


At 19Trillion every taxpayer would have to come up with 1.2 million to pay it off..

Hows it feel to be a million dollar man?..

8/20/2017 6:26:05 PMPOTUS cuts US debt 

jitssbaby617
Over 10,000 Posts!!! (17,081)
Roslindale, MA
39, joined Jun. 2014


The greatest of all time

8/20/2017 7:01:37 PMPOTUS cuts US debt 
61falcon
Over 10,000 Posts!!! (46,822)
New Hope, PA
77, joined Feb. 2008


Then why is it IMPERATIVE that the first thing congress does, on return from vacation, is raise the debt limit??

8/20/2017 7:05:33 PMPOTUS cuts US debt 
61falcon
Over 10,000 Posts!!! (46,822)
New Hope, PA
77, joined Feb. 2008


I can guarantee the NATIONAL DEBT CLOCK never decreased by one thin dime......BULLSHIT!!!

8/20/2017 7:07:49 PMPOTUS cuts US debt 

blake6972
Over 10,000 Posts!!! (29,610)
Bunker Hill, WV
45, joined Jul. 2013


Go change your tampon DirtyfalKKKon no one wants to hear your goofy b*tch a** whine.

8/20/2017 7:09:11 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Trump is the first time I voted for a person not against another person and been voting quite a while.

8/20/2017 7:09:27 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Quote from herc117:
and a druggie and a homosexual and a pervert and liar, and the list goes on and on.


Please go on

8/21/2017 7:20:12 AMPOTUS cuts US debt 

w6o6l6f_1
Over 10,000 Posts!!! (17,874)
Richmond, VA
39, joined May. 2014


This is why we voted for him.

Keep up the good work.

8/21/2017 7:29:39 AMPOTUS cuts US debt 
woniota
Over 2,000 Posts (3,445)
Jacksonville, FL
52, joined Jul. 2014


The only "shovel ready jobs" Barry from Honolulu created was shoveling more of our hard earned money to freeloaders and illegal immigrants.

8/21/2017 9:17:15 AMPOTUS cuts US debt 

fishnthec
Over 10,000 Posts!!! (30,987)
Mesquite, TX
66, joined Oct. 2010




8/21/2017 9:19:46 AMPOTUS cuts US debt 

fishnthec
Over 10,000 Posts!!! (30,987)
Mesquite, TX
66, joined Oct. 2010




8/21/2017 9:19:51 AMPOTUS cuts US debt 
fellowforyou
Over 7,500 Posts!! (7,672)
New York, NY
67, joined Jan. 2010


Trump has cut many things. His racism, nazi propaganda has cut right into the morality of our nation. His lies tear at our country. Trump has divided us with his ignorance.

8/21/2017 9:21:16 AMPOTUS cuts US debt 

fishnthec
Over 10,000 Posts!!! (30,987)
Mesquite, TX
66, joined Oct. 2010




8/21/2017 9:55:14 AMPOTUS cuts US debt 

fishnthec
Over 10,000 Posts!!! (30,987)
Mesquite, TX
66, joined Oct. 2010


The gatewaypundit.com Fake News website you referenced in your thread Op is totally non credible!


Bias: Extreme Right, Propaganda, Conspiracy, Nationalism, Fake News

Notes: The Gateway Pundit is a hard-right website that makes up conspiracy theories and the occasional flirtation with outright white supremacists. Not a credible source at all as they generate and publish fake news.

Keep the Fake News coming!

I'm perfectly happy to call it out as fake news every time!



[Edited 8/21/2017 9:56:12 AM ]

8/21/2017 11:10:55 AMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Quote from fishnthec:
The gatewaypundit.com Fake News website you referenced in your thread Op is totally non credible!


Bias: Extreme Right, Propaganda, Conspiracy, Nationalism, Fake News

Notes: The Gateway Pundit is a hard-right website that makes up conspiracy theories and the occasional flirtation with outright white supremacists. Not a credible source at all as they generate and publish fake news.

Keep the Fake News coming!

I'm perfectly happy to call it out as fake news every time!


Simply discrediting a source proves nothing.

Disprove the figures.

And go....

8/21/2017 11:15:04 AMPOTUS cuts US debt 

w6o6l6f_1
Over 10,000 Posts!!! (17,874)
Richmond, VA
39, joined May. 2014


Quote from fishnthec:

When you have no argument.
Just post senseless memes.

8/21/2017 12:57:26 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Has the National Debt Fallen by $102 Billion Since Donald Trump's Inauguration?

You libs beloved snopes says "TRUE"

http://www.snopes.com/national-debt-trump/

8/21/2017 1:17:12 PMPOTUS cuts US debt 
61falcon
Over 10,000 Posts!!! (46,822)
New Hope, PA
77, joined Feb. 2008


If you read Bloomberg financials reporting on the brief temporary decline in the debt if anything, according to Bloomberg, Obama should get the credit for the Temporary reduction.

8/21/2017 1:40:46 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Obama would have spent another trillion in the last 6 months not saved.

8/21/2017 5:44:56 PMPOTUS cuts US debt 
beanhammer
Over 10,000 Posts!!! (10,832)
Denton, TX
53, joined Jun. 2014


Quote from 61falcon:
If you read Bloomberg financials reporting on the brief temporary decline in the debt if anything, according to Bloomberg, Obama should get the credit for the Temporary reduction.


Nobody can be this stupid

8/21/2017 5:48:19 PMPOTUS cuts US debt 

blake6972
Over 10,000 Posts!!! (29,610)
Bunker Hill, WV
45, joined Jul. 2013


DirtyfalKKKon can and is.

8/21/2017 6:41:30 PMPOTUS cuts US debt 

horace_schitt
Over 10,000 Posts!!! (17,434)
Wausau, WI
50, joined Oct. 2009


Seems to me Obamalamadingdong isn't President anymore (thank GOD!).

8/21/2017 6:46:53 PMPOTUS cuts US debt 
61falcon
Over 10,000 Posts!!! (46,822)
New Hope, PA
77, joined Feb. 2008


Since the GOP has not passed a SINGLE piece of legislation to alter our economy since Dirty Donald took over??

8/21/2017 6:47:13 PMPOTUS cuts US debt 

purplerider1200
South Bend, IN
61, joined Aug. 2011


Quote from 61falcon:
If you read Bloomberg financials reporting on the brief temporary decline in the debt if anything, according to Bloomberg, Obama should get the credit for the Temporary reduction.


Bloomberg? You believe those Idiots????

8/21/2017 7:05:34 PMPOTUS cuts US debt 

horace_schitt
Over 10,000 Posts!!! (17,434)
Wausau, WI
50, joined Oct. 2009


Quote from 61falcon:
Since the GOP has not passed a SINGLE piece of legislation to alter our economy since Dirty Donald took over??


Tell the Democrats and the RINOS to do their f**kin' job instead of obstructing him.

8/21/2017 7:11:16 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Quote from 61falcon:
Since the GOP has not passed a SINGLE piece of legislation to alter our economy since Dirty Donald took over??


Passing legislation is not the only way to revive the economy and pay down debt. Legislation is political bullshit, not effective.

Show one month obama didn't raise the debt considerably. And GO.

8/21/2017 8:39:50 PMPOTUS cuts US debt 
mralwaysrite
Over 4,000 Posts! (4,370)
Estevan, SK
55, joined Feb. 2014


Just completed my research, and my findings would embarrass many.

8/22/2017 9:27:39 AMPOTUS cuts US debt 
mralwaysrite
Over 4,000 Posts! (4,370)
Estevan, SK
55, joined Feb. 2014


Quote from mralwaysrite:
Just completed my research, and my findings would embarrass many.


Read; Secretary Steven Mnuchin "extraordinary measures"

In other words, what has Munchin been doing in lieu of issuing/increasing the debt?

8/22/2017 2:27:33 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Quote from mralwaysrite:
Read; Secretary Steven Mnuchin "extraordinary measures"

In other words, what has Munchin been doing in lieu of issuing/increasing the debt?


All I can find is "debt limit" related. Any specific link?

8/22/2017 10:20:01 PMPOTUS cuts US debt 
mralwaysrite
Over 4,000 Posts! (4,370)
Estevan, SK
55, joined Feb. 2014


Quote from shawnee_b:
All I can find is "debt limit" related. Any specific link?


US Treasury's Mnuchin Extends Debt Limit Measure for Two Months

WASHINGTON — 

U.S. Treasury Secretary Steven Mnuchin on Friday said he would extend for two more months one of the extraordinary cash management measures that the Treasury is using to stave off a debt-limit default.

Mnuchin said in a letter to House of Representative Speaker Paul Ryan that he would continue to withhold investments from the Civil Service Retirement and Disability Fund, until Sept. 29.

The Treasury's previous "debt issuance suspension period" for the federal employee pension fund was due to expire on Friday.

Mnuchin had to take the step because Congress has not passed an extension or increase in the federal debt limit, and the Treasury needs to withhold funds from the pension fund in order to preserve its borrowing capacity. It has taken several similar measures since the last extension of the debt limit expired in March at just under $20 trillion.
Mnuchin urged lawmakers this week to act on the borrowing limit before their August recess, but his request fell on deaf ears. The House of Representatives is on recess until Sept. 5.

Mnuchin and fiscal watchdog groups have estimated that the Treasury will fully exhaust its remaining borrowing capacity in October, raising the risk that the United States cannot meet all of its payment obligations with incoming tax revenue.
The Treasury is required by law to make the pension fund whole, including interest, when the debt limit is increased.

In testimony before the House Financial Services Committee on Thursday, Mnuchin said that Congress' budgeting process, including the role the debt limit plays, "needs to be looked at."

"I'm all for [that] there should be very strong controls of spending money. But once we've agreed to spend the money, we should make sure that the government can pay for it," Mnuchin said.

https://www.voanews.com/a/us-treasury-mnuchin-extends-debt-limit-measure-for-two-months-/3963632.html

--------------------------------------------


Tell me shawnee_b;

a. How many billions Secretary Steven Mnuchin has taken from the Civil Service Retirement and Disability Fund in lieu of issuing/increasing the debt?

b. What will happen to the billion dollars Mnuchin took from the service Retirement and Disability fund once Congress raises the debt ceiling limit?

Now, are you smart enough to answer the above questions?



[Edited 8/22/2017 10:20:26 PM ]

8/22/2017 10:31:14 PMPOTUS cuts US debt 

thekinghasrisen
Over 7,500 Posts!! (8,104)
San Diego, CA
33, joined Nov. 2013


https://en.m.wikipedia.org/wiki/The_Gateway_Pundit



8/22/2017 10:41:31 PMPOTUS cuts US debt 
mralwaysrite
Over 4,000 Posts! (4,370)
Estevan, SK
55, joined Feb. 2014


Quote from mralwaysrite:
US Treasury's Mnuchin Extends Debt Limit Measure for Two Months

WASHINGTON — 

U.S. Treasury Secretary Steven Mnuchin on Friday said he would extend for two more months one of the extraordinary cash management measures that the Treasury is using to stave off a debt-limit default.

Mnuchin said in a letter to House of Representative Speaker Paul Ryan that he would continue to withhold investments from the Civil Service Retirement and Disability Fund, until Sept. 29.

The Treasury's previous "debt issuance suspension period" for the federal employee pension fund was due to expire on Friday.

Mnuchin had to take the step because Congress has not passed an extension or increase in the federal debt limit, and the Treasury needs to withhold funds from the pension fund in order to preserve its borrowing capacity. It has taken several similar measures since the last extension of the debt limit expired in March at just under $20 trillion.
Mnuchin urged lawmakers this week to act on the borrowing limit before their August recess, but his request fell on deaf ears. The House of Representatives is on recess until Sept. 5.

Mnuchin and fiscal watchdog groups have estimated that the Treasury will fully exhaust its remaining borrowing capacity in October, raising the risk that the United States cannot meet all of its payment obligations with incoming tax revenue.
The Treasury is required by law to make the pension fund whole, including interest, when the debt limit is increased.

In testimony before the House Financial Services Committee on Thursday, Mnuchin said that Congress' budgeting process, including the role the debt limit plays, "needs to be looked at."

"I'm all for [that] there should be very strong controls of spending money. But once we've agreed to spend the money, we should make sure that the government can pay for it," Mnuchin said.

https://www.voanews.com/a/us-treasury-mnuchin-extends-debt-limit-measure-for-two-months-/3963632.html

--------------------------------------------


Tell me shawnee_b;

a. How many billions Secretary Steven Mnuchin has taken from the Civil Service Retirement and Disability Fund in lieu of issuing/increasing the debt?

b. What will happen to the billion dollars Mnuchin took from the service Retirement and Disability fund once Congress raises the debt ceiling limit?

Now, are you smart enough to answer the above questions?


Answer to question (a); How many billions were withheld;

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0617.pdf

Answer to question (b); was quoted in the above article;

"The Treasury is required by law to make the pension fund whole, including interest, when the debt limit is increased."

Conclusion; Just another shell game most Americans have a hard time to comprehend.

8/23/2017 10:29:54 AMPOTUS cuts US debt 

lobo_corazon
Over 10,000 Posts!!! (38,960)
Orleans, ON
48, joined May. 2008


There really is one born every minute, isn't there?

Here's the debt clock. http://www.usdebtclock.org/index.html

See how the debt is climbing? More importantly (explained later) see how the deficit is climbing?

You need an explanation of how debts work.

The debt is how much money you owe. For the Federal Government that number is about to hit 20 Trillion (!)

The deficit measures how much the debt increases over the course of a year. If the US was your household, a $20k deficit would be the result of having $80k of expenses and only a $60k income.

Trump has increased the deficit, and wants to increase it much more by cutting taxes without balancing with spending cuts. That's like taking a pay cut while you buy a bigger house - It doesn't work so well. But he has to have his new wall (he tanked the dollar overnight by announcing that he would shut down the government if they don't pay for his wall - What the actual f--k?), and his new military spending, and of course all his taxpayer-funded vacations!

What that means is that the debt growth is accelerating under Trump, after Obama had slashed the deficit it by 2/3 during his term.

Did Trump really decrease the debt in any real way? Haha no, of course not. The debt cannot decrease until the deficit passes zero, and becomes a surplus. That is how debt and deficit work. There's no getting around it except by one-time sales of assets. For example, if you owed $200k on your house and credit cards, you could take a bite out of that debt by selling your car... But you wouldn't really be further ahead.

8/23/2017 10:34:58 AMPOTUS cuts US debt 

lobo_corazon
Over 10,000 Posts!!! (38,960)
Orleans, ON
48, joined May. 2008


Quote from shawnee_b:
It will. Hard to disprove though. Trump hasn't raise the debt a penny. What happened in ovomits first 6 mo and 8 years after

Trump is a business man, ovomit is a thief and a liar.

Good God man, you need a reality check.

Trump is by far the most dishonest President in history. Nixon was a choir boy by comparison.

Trump has in reality raised the debt by about $400 billion... That is the debt has increased that much since he took office. He hasn't really had much to do with it, because he hasn't done anything one way or the other. 3am tweets and vapid executive orders don't change the debt, nor do bills that fail in Congress, and that's all this administration has produced so far.

Where do you imagine Trump got this supposed $100 billion? Did he sell a bunch of aircraft carriers to China? Did he sell Alaska to the Russians?

8/23/2017 12:49:21 PMPOTUS cuts US debt 

shawnee_b
Over 10,000 Posts!!! (18,553)
Edmonton, KY
62, joined Apr. 2010


Quote from lobo_corazon:
Good God man, you need a reality check.

Trump is by far the most dishonest President in history. Nixon was a choir boy by comparison.

Trump has in reality raised the debt by about $400 billion... That is the debt has increased that much since he took office. He hasn't really had much to do with it, because he hasn't done anything one way or the other. 3am tweets and vapid executive orders don't change the debt, nor do bills that fail in Congress, and that's all this administration has produced so far.

Where do you imagine Trump got this supposed $100 billion? Did he sell a bunch of aircraft carriers to China? Did he sell Alaska to the Russians?


He didn't "get $100 bil" he saved it. Probably by cutting useless funding that obama would have thrown around like rice at a wedding.

8/23/2017 1:01:50 PMPOTUS cuts US debt 

lobo_corazon
Over 10,000 Posts!!! (38,960)
Orleans, ON
48, joined May. 2008


No, that isn't how it works.

What has actually happened (reading the Snopes link you provided), is the government has hit the debt ceiling. As a result they have been putting off paying bills until the ceiling can be raised. That isn't "reducing debt".

You've been suckered again. Sorry!

8/23/2017 1:16:04 PMPOTUS cuts US debt 

lobo_corazon
Over 10,000 Posts!!! (38,960)
Orleans, ON
48, joined May. 2008


By the way, is Trump going around taking credit for hitting the debt ceiling? That's a pretty crappy accomplishment to celebrate, isn't it?



8/23/2017 1:28:07 PMPOTUS cuts US debt 

w6o6l6f_1
Over 10,000 Posts!!! (17,874)
Richmond, VA
39, joined May. 2014


Quote from lobo_corazon:
By the way, is Trump going around taking credit for hitting the debt ceiling? That's a pretty crappy accomplishment to celebrate, isn't it?



If Trump can't take credit.
Why did it take Obama 8 1/2 years?

8/23/2017 1:34:20 PMPOTUS cuts US debt 

lobo_corazon
Over 10,000 Posts!!! (38,960)
Orleans, ON
48, joined May. 2008


Here's a chart from your Snopes article again:



See those flat-line spots? That's each time the debt ceiling has been hit. So what is going on now is basically telling fighter jet suppliers and whatnot "Hey, I can't pay you right now, I'll get you next month". The US can get away with that for a little while, but it will soon hit your credit rating (which then makes the deficit/debt even worse by driving up interest payments on your debt, just like if your mortgage rate goes up.) The next step will be holding back SS pension cheques and pay for soldiers in the field, etc.

There is absolutely nothing positive about this situation. 20 Trillion in debt, a deficit at $681 billion and quickly increasing (meaning the debt is increasing that much per year), and a potential non-payment crisis looming... All while Trump and Congress are on vacation. Whee!



[Edited 8/23/2017 1:35:45 PM ]

8/23/2017 2:44:22 PMPOTUS cuts US debt 

lobo_corazon
Over 10,000 Posts!!! (38,960)
Orleans, ON
48, joined May. 2008


...Also important to note on the chart above - See how each flat spot terminates with a big jump up? That's all those held-over bills getting paid when the debt ceiling is eventually raised. No money is actually saved.

I wonder if Trump actually believes that being delinquent on paying bills is something to be proud of? It's certainly his Standard Operating Procedure from his business career.

8/23/2017 8:00:35 PMPOTUS cuts US debt 
mralwaysrite
Over 4,000 Posts! (4,370)
Estevan, SK
55, joined Feb. 2014


Quote from lobo_corazon:
No, that isn't how it works.

What has actually happened (reading the Snopes link you provided), is the government has hit the debt ceiling. As a result they have been putting off paying bills until the ceiling can be raised. That isn't "reducing debt".

You've been suckered again. Sorry!


Quote: " As a result they have been putting off paying bills until the ceiling can be raised"

Not exactly.....Since the statutory debt limit was reached, (March 2017), Treasury Secretary Steve Mnuchin had access to near $800 billion of Federal Public Pension assets held by the Federal Reserve, and once Congress raises the debt ceiling limit, every billion dollar he took from this Pension fund, (to keep paying the bills), will automatically be converted to debt, and a new series of treasury bills/bonds will end up restoring this pension fund.

Not too long ago, when Obama was POTUS, American conservatives were more rational, but today, every time they try to glorify POTUS, he/she don't think to hard.

I've been saying for a long time that partisanship makes people blind.



[Edited 8/23/2017 8:02:34 PM ]

8/23/2017 8:58:49 PMPOTUS cuts US debt 
61falcon
Over 10,000 Posts!!! (46,822)
New Hope, PA
77, joined Feb. 2008


Stupid yes blind no.

8/24/2017 10:12:45 PMPOTUS cuts US debt 
mralwaysrite
Over 4,000 Posts! (4,370)
Estevan, SK
55, joined Feb. 2014


Quote from 61falcon:
Stupid yes blind no.


Well, here are the facts;

Extraordinary measures, simplified......



https://bipartisanpolicy.org/library/simplified-extraordinary-measures/#1489002635437-fd99fd0f-01ce

---------------

And once Congress raises the debt ceiling limit, all above-mentioned funds will be restored.

In other words, once Congress raises the debt ceiling limit, every billion dollars Treasury Secretary Mnuchin took from the above-mentioned funds will be converted to debt.

In other words, the debt keeps growing.

Are there any questions?

8/24/2017 10:23:35 PMPOTUS cuts US debt 

jitssbaby617
Over 10,000 Posts!!! (17,081)
Roslindale, MA
39, joined Jun. 2014


More Americans View Trump Favorably Than When They Elected Him

8/26/2017 12:58:41 AMPOTUS cuts US debt 

w6o6l6f_1
Over 10,000 Posts!!! (17,874)
Richmond, VA
39, joined May. 2014


Quote from horace_schitt:
Tell the Democrats and the RINOS to do their f**kin' job instead of obstructing him.




More would get done.

8/26/2017 1:03:27 AMPOTUS cuts US debt 
fallguy02379
Over 10,000 Posts!!! (24,893)
Brockton, MA
53, joined Sep. 2011


Quote from w6o6l6f_1:


More would get done.


i think you didn't grasp what he just said

8/26/2017 1:11:11 AMPOTUS cuts US debt 

w6o6l6f_1
Over 10,000 Posts!!! (17,874)
Richmond, VA
39, joined May. 2014


Quote from fallguy02379:
i think you didn't grasp what he just said


It was very self explanatory.
Democrats and rinos should work with Trump and not against him.
What is there not to understand?