Donald Trump promised to eliminate the Federal deficit, instead he has increased it 68%.

By |2019-10-08T08:02:31-08:00October 9th, 2019|Categories: News|Tags: , , , |9 Comments

What? He made a promise and didn’t keep it?

Huge surprise.

Courtesy of Newsweek:

During the 2016 campaign, President Donald Trump made an aggressive promise on federal finances: He would eliminate the budget deficit within eight years. Now, three years into his presidency, the deficit is 68 percent higher than when he started.

Trump inherited a deficit of $585 billion when he took office in January 2017. That was 58 percent lower than the $1.4 trillion former President Barack Obama inherited in 2009 following the financial crisis, a number his administration slashed over two terms.

According to the latest Congressional Budget Office data released on Monday, the full-year deficit for 2019 is estimated to come in at $984 billion, just shy of the $1 trillion that many analysts were expecting. In 2018 the figure was $779 billion and in 2017 it was $665 billion.

“Relative to the size of the economy, the deficit—at an estimated 4.7 percent of gross domestic product (GDP)—was the highest since 2012, and 2019 was the fourth consecutive year in which the deficit increased as a percentage of GDP,” the CBO said in its report.

“He’s got no hope of eliminating the deficit,” Danny Blanchflower, professor of economics at Dartmouth College and a former monetary policymaker at the Bank of England, told Newsweek. “The only possibility is for him to increase the deficit…This looks much like the policy on Syria: Uncoordinated chaos.”

Sometimes it is almost entertaining to watch Trump supporters doing mental gymnastics in an attempt to maintain thier support in the face of all of his failed campaign promises and batshit crazy tweets and statments. 

I imagine there must be Trump supporters walking around with cerebral groin pulls that occured while they were mentally twisting about trying to jusify his plan to pull troops out of Syria, or his requests that foreign countries dig up some damn dirt on Joe Biden.

I’m not really going to be able to drum up any real sympathy for that, by the way.

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

9 Comments

  1. Anonymous October 9, 2019 at 4:28 am - Reply

    He isn’t going to stop until he has bankrupted the United States just like he has his casinos and soon to be those golf courses in Scotland.

    History is not going to be kind to Trump. And there is nothing he can do about it.

    If he can’t resign, can he at least have a heart attack in his sleep or burst an aneurism or something?

  2. Anonymous October 9, 2019 at 4:33 am - Reply

    “A federal judge on Monday said eight years of U.S. President Donald Trump’s tax returns must be provided to Manhattan prosecutors, forcefully rejecting the president’s argument that he was immune from criminal investigations.

    Trump’s returns will not be turned over immediately, after the 2nd U.S. Circuit Court of Appeals in Manhattan granted the president’s request to temporarily block the order, handed down by U.S. District Judge Victor Marrero.”

    “The court said it may hear Trump’s appeal as soon as the week of Oct. 21 to 25.”

    https://news.yahoo.com/judge-rejects-trump-request-block-131622703.html

    This is all about the payments to Stormy Daniels.

  3. Anon October 9, 2019 at 5:48 am - Reply

    OT. It is becoming clear that Trump had Giuliani on his mission to prove false guilt that Clinton, DNC sought foreign help with Ukraine to help her get elected therefore Trump, RNC, his campaign, offspring and Russia did nothing wrong which is the opposite of factual reality. Of course Trump needed to destroy the integrity and reputation of all of our intelligence agencies further falsely accusing them of conspiring with candidate Clinton and Ukraine.

    I cringe at the thought of crazy irrational sounding Giuliani meeting foreign leadership on his secret mission now revealed. Trump may as well have put up billboards around the world that he is a dangerous buffoon. Shame on Pompeo, Barr and the diplomats for enabling Trump.

  4. mike from iowa October 9, 2019 at 6:26 am - Reply

    cerebral groin pulls…..Hillary-ous and couldn’t happen to a nicer bunch of crooked thugs. Lock them all up.

  5. anonymous October 9, 2019 at 8:01 am - Reply

    Most of the increase was due to his daily golfing trips.

  6. OT October 9, 2019 at 8:32 am - Reply

    https://www.cnn.com/videos/tv/2019/10/08/peter-galbraith-syria-turkey-trump-isis-aman.cnn

    Former US diplomat Peter Galbraith talks to Amanpour about the chaos he thinks will stem from President Trump’s decision to abandon Kurdish allies in Syria.<'TELL'

    https://www.cnn.com/2019/10/09/politics/syria-turkey-invasion-intl-hnk/index.html

    https://www.cnn.com/2019/10/09/world/russia-syria-turkey-kurd-oct-9-intl/index.html

  7. anon October 9, 2019 at 8:36 am - Reply

    Well, at least all that sweet sweet tariff money that China is depositing directly into the US Treasury is helping to offset the huge costs that trump is responsible for.

  8. IN AK October 9, 2019 at 10:21 am - Reply

    https://www.dermotcole.com/reportingfromalaska/2019/10/8/dunleavy?fbclid=IwAR2mA4QSJ1I8NEhB38dH7uo5bxsFm00mb0SSyUyTAk5sDKSH3KudMFB2OdY

    Dunleavy claims that like Trump, he is ‘swamp’ victim

    “I wouldn’t change a thing, and I think if you asked President Trump he wouldn’t change a thing.”
    “And it’s those special interests that want to redo the election here in Alaska and are looking at trying to impeach the president nationally. And so, we made the fatal error, I guess, Matt, of doing things for our people—the average American, the average Alaskan—and not kowtowing to the establishment or the special interests,” he continued.

    “And so, the fight’s on. They want to try and do a recall or redo the election. We’re up to the task because we believe that what we’re doing is the right thing for Alaska just like the president does for the nation.”

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