Another Huge "Gift" From President Trump and the Republican Party

Have you seen this yet?

U.S. national debt exceeds $21 trillion 

for first time 

About a year ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury.

When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.

 
Is fiscal conservatism dead?

Republicans railed against the national debt level under the Obama administration, when it jumped from $10.6 trillion to $19.9 trillion, nearly doubling, but few have been as outspoken about the situation with Republicans controlling Capitol Hill and the White House.

Insane. Insanity. Fiscal insanity and irresponsibility.

They're spending their way to huge debt, after railing about over-spending and debt and deficits for the previous 8 years. 

And for what?

So they could hand over yet more of the nation's wealth to the already-wealthy and corporations with their big "trickle down economics" tax bill they just passed.

Nation and middle- and lower- and working-classes be damned.

Now they're coming after Social Security, Medicare and Medicaid.

We have GOT to vote these people out.

Link:

GOP tax cut plan would add $1.7 trillion 

to the deficit, CBO projects

More proof: President Obama is not a Socialist

For anyone and everyone who has complained or who are still complaining about the TARP fund and how big it was and how it was going to cost us so much and how it was not going to do any good and how it was going to cost us so much and how it was not going to do any good and, after all, how rotten President Barack Obama and his administration are, check this out:

Exclusive:  Treasury’s TARP, AID Bailout Costs Fall to $30 Billion

The price to taxpayers of the bailouts and financial rescue of 2008 and 2009 continues to fall sharply.  In figures to be released later today, the Treasury Department will report that the final net cost of the TARP is expected to be about $50 billion, Yahoo! Finance has learned.  Add in expected returns from Treasury’s interest in insurance company AIG, and the final net cost will be closer to $30 billion.

So, let’s see, that would be—“it worked!”?

And keep in mind that it was the previous President, George W. Bush who started the TARP fund, too.  President Obama merely continued it because we were in severe and serious trouble, financially and economicaly.  He was trying to save our collective asses, so to speak, collectively, from a second “Great Depression.

Another bonus:  Apart from the funds spent on housing, Treasury now doesn’t expect to lose money.

Oh, and that money to save GM?  It worked to, don’t forget.  The company and all that manufacturing and the associated jobs are still right here in the US.

Conclusion?  The TARP program has been an enormous success from a policy perspective—it saved the financial system and averted a second Great Depression at a very low price to taxpayers.

But do you think the Republicans, Conservatives, Tea Party members or anyone on the Right will acknowledge this good news?

Certainly not.

I think this is where we jump in and say a) we told you so (he didn’t do it to be a “Socialist”) and b) we now need you to go back, shut up, stop complaining and start to work together, all of us, so we can solve more (eventually all?) our problems.

Especially you, Mr. Beck.

Link to original post:  http://finance.yahoo.com/banking-/article/110920/exclusive-treasurys-tarp-aig-bailout-costs-fall-to-30-billion?mod=bb-budgeting