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Old 02-13-2019, 03:02 PM
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IAFlyer IAFlyer is offline
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National Debt

How are we doing at eliminating the National Debt in 8 years?

Well, the debt just went over $22 trillion.

Here are the Fiscal Year additions to the debt, going back to Obama's final term:

FY2017 - $672 Billion

FY2018 - $1.233 Trillion

FY2019 - $1.225 Trillion

Is my math off or is adding over $1T per year in a growing economy the opposite of eliminating it?
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3 UDPriders Offer Mad Props to IAFlyer For This Totally Excellent Post:
rollo (02-13-2019), ud2 (02-13-2019), zmz723 (02-15-2019)
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Old 02-13-2019, 03:36 PM
UACFlyer UACFlyer is offline
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The interview

Originally Posted by IAFlyer View Post
How are we doing at eliminating the National Debt in 8 years?

Well, the debt just went over $22 trillion.

Here are the Fiscal Year additions to the debt, going back to Obama's final term:

FY2017 - $672 Billion

FY2018 - $1.233 Trillion

FY2019 - $1.225 Trillion

Is my math off or is adding over $1T per year in a growing economy the opposite of eliminating it?
I recall the interview during which Trump made the absurd claim about eliminating the national debt in eight years. That's not what I recall most about the interview though. In the post-interview summary of the meeting with then candidate Trump the financial reporters commented that what surprised them the most was candidate Trump's ignorance re even the simplest financial matters that they presumed a business man would be well acquainted with.
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