“U.S. government debt is on track to exceed the size of the economy for the 12 months ended Sept. 30, a milestone not hit since World War II that has been brought into reach by a giant fiscal response to the coronavirus pandemic,” the Wall Street Journal reports.
This kind of thing was only a problem under Obama, though. It makes no difference that it's discretionary fiscal policy now. *rolleyes*
How could a pandemic do this? It must be orange man's fault! Let's face it. If the fed didn't fire up the money printers and instead allowed the market to determine where it wants to go we'd be eating in soup kitchens. Unfortunately, the absolutely absurd federal spending was the result of a complete black swan. Then it got taken to the nth limit to keep the big guys afloat. Reminds me of Obama and AIG. The government regardless of who is in charge always finds a way to give trillions to the least deserving. The big concern now is eviction moratoriums. It doesnt matter if the fed prints money when landlords can't evict tenants. The result will be obvious: when the moratoriums are lifted hundreds of thousands (or even millions) of evictions will take place and the response from real estate will be to jack rents up to the moon and require massive security deposit. We are fucked. That is not a partisan issue.
Orange man was blaming Obama for debt when it was growing much slower, do you want me to link to his tweet?
Actually, POSOTUS was blowing up the budget before covid. Tax cuts + spending increases will do that.
The good news is, the 5, 6, 7%+ annual GDP growth POSOTUS promised on the campaign trail will make his new debt trivial. We will grow out of it, as we did WWII's debt.
It's not the fat fuck's fault that he blew the response worse than most shit hole countries prompting unprecedented corporate welfare you guise
https://www.huffpost.com/entry/barack-obama-king-of-corp_n_191411 Here you go. A huffpo article talking about Obama's history as the uncontested king of corporate welfare. But it was okay when Obama did it right? You guys are so well coordinated you must be in the same ShariaBlue office. Trump simply took Obama's corporate welfare strategy and brought it to it's next level. This has been going on for years. Hence why I said we are fucked and it's not a partisan issue. But without fail you ShariaBlue office managers MUST make it partisan. I hope you're paid well.
Article from 2009. Unlike Trump, Obama's financial fallout was the previous guy's fault. I know Trump wants to blame COVID on Obama's "empty cupboards" but try again.