The US Federal Deficit Is Hurtling Towards $800B Under Donald Trump

According to the US National Debt Clock, a website which tracks the real-time total of many governmental figures ranging from the US National Debt/Deficit, how many Americans currently use Food Stamps or the current amount of people who are currently unemployed in the US - which currently sits at 12,420,110 people or 3.7% of the population.

Even since writing that paragraph and taking the time to make a cup of tea, an additional $7M has already been added to the US Federal Budget Deficit that is pictured above, which shows just how quickly it is increasing.

Given the Republican Party's stern opposition to any federal spending because we "have to cut the deficit and pay down the debt", which is exactly what any sane governmental official should look to do during their time in office, but also provide an increase in the quality of life for each and every American citizen. The Republican Party are however extremely hypocritical when it comes to government spending and reducing the deficit.

Pictured above you can see how many of the past six presidents have affected the deficit during their respective times in office and you may be able to see a rather noticeable pattern. Simply put, Republicans are worse than Democrats at managing the US economy. As Obama left office, he managed to reduce the federal deficit to around $550B-$590B, a stark contrast to the amount the deficit balloons to as Republicans take control of the White House.

In steps current president Donald Trump, the self-described establishment wrecking ball - which he isn't in the slightest - we could potentially see the deficit rise to over a trillion dollars should Donald Trump manage to get re-elected in 2020.

Using the US National Debt Clock and it's '2022 Budget Showdown' feature, we are able to see how various groups estimate the federal debt and deficit will look four years from now. Laughably, the GOP House Budget Committee believe that the federal deficit will sit at just over $700B and slowly decreasing, while everyone else disagrees. Even using the Congressional Budget Office's estimates, the deficit will have increased to $1.2 TRILLION and increasing roughly $20,000 every five seconds, which will have extremely damaging knock-on effects for the US economy.

Comments

MSNBC Host Lawrence O'Donnell Explains How The Democratic Party Treats The Left

MSNBC's "The Last Word" host Lawrence O'Donnell describes his politics as a "practical European socialist", which essentially boils down to being a nordic-style social democrat, usually in favour of a mixed economy with a generous welfare state and has defended his positions on MSNBC news shows that typically frown upon stepping outside the neoliberal bubble. O'Donnell is no progressive hero in the context of american politics, sometimes scolding progressive politicians whenever they mildly criticize the Democratic Party, such as when Bernie Sanders tweeted about having to take on the Democratic establishment as well as Republicans, O'Donnell decided to concern troll Sanders by claiming that the Democratic establishment wouldn't pass Sanders' proposals if he wasn't nice to them. Over the course of the last few months an old video of O'Donnell explaining how to move the Democratic Party further left and how the party treats the p...

Why The Labour Party Lost The UK Election

Whichever way you approach the recent UK election, it would be fair to say that the Labour Party experienced a drubbing, resulting in a loss of 60 seats and handing the Conservative Party a large parliamentary majority. There has however been a fierce debate surrounding the reasons for Labour’s defeat, reasons ranging from Brexit, Jeremy Corbyn himself or supposedly racist voters. This debate has deeply spilt the two main factions of the Labour Party, between moderates and progressives. Blairites vs Corbynistas if you will. Moderates place the blame solely at the feet of Jeremy Corbyn, his supposed anti-semitism and poor electability. Progressives see this defeat as a result of a Brexit backlash with many Leave voters leaving the Labour Party while the Conservative Party had one core message: “Get Brexit Done” which seemingly resonated. It is fair to suggest that Corbyn’s popularity isn’t exactly soaring, with the mere mention of his name bringing about a whole range of different...

Sally Albright: I'd Prefer 4 More Years Of Trump Than President Bernie Sanders

One of the main talking points used against Bernie Sanders and his supporters is that their lack of enthusiasm and support for Hillary Clinton in 2016 directly led to Donald Trump becoming president, with Sanders supporters being labelled as privileged and sexist for not backing Clinton, and yes that includes you misogynistic Jill Stein/Green Party voters! However, our favourite anti-Bernie Democratic loyalist, Sally Albright, now insists that it isn’t pivotal that you support the Democratic nominee in order to defeat Donald Trump, should Sanders win the 2020 Democratic nomination. Albright recently claimed that “ 4 more years of Trump would be better in the long run ” as opposed to a President Bernie Sanders. This comes after the “moderate” wing of the Democratic Party have spent the past three years suggesting that apathetic Sanders supporters are the cause of every terrible Trump decision and we’d be in a utopia if us sexists would have just fell in line behind Clinton. In ...

Progressive Political News

Search This Blog