02-28-2017, 12:17 AM
Wowee!!!!! Trump just caused the national debt to soar by over $16 Billion IN ONE DAY :o
Extrapolating that over the remainder of his term (assuming he isn't impeached), he will increase the National debt by $23,167,896,156,960.82. In other words, he will double the national debt!
Total debt 23/2/17: $19,913,901,120,188.15
Total debt 24/2/17: $19,930,147,891,686.72
Will Trump address this? Will he explain how he stuffed it up so badly and how he's going to fix it? Of course not. He cites statistics when they suit him but ignores those that don't.
PS: The above is tongue-in-cheek. Trump chose to tweet about a MEANINGLESS STATISTIC. That much is apparent from the memorandum of Keith Hennessy, a link to which is to be found in the Politico article to be found in my previous post. He is a former Director of the US National Economic Council under George W Bush. In other words, he was at the top of the tree in terms of delivering econometric advice to the White House. He understands data such as National Debt figures. I'd imagine that just about everyone on this site would have little knowledge in this area other than thinking "debt is bad". So, maybe his opinion should count for something.
He stated firmly that the statistic is meaningless. It fluctuates, so comparing statistics a day or month apart isn't useful. Moreover, he notes that Trump didn't cause the fluctuations, so he can't take credit for them. He also points out that Obama confronted the GFC at the start of his term and used a stimulus package to address it.
But is this the new normal of debating? Instead of addressing the merits of the opinion of Hennessey (which was accurately summarised in the headline), it's dismissed simply because it is referenced by Politico? I hope that the standards of debating will improve both on this site and in the US.
Extrapolating that over the remainder of his term (assuming he isn't impeached), he will increase the National debt by $23,167,896,156,960.82. In other words, he will double the national debt!
Total debt 23/2/17: $19,913,901,120,188.15
Total debt 24/2/17: $19,930,147,891,686.72
Will Trump address this? Will he explain how he stuffed it up so badly and how he's going to fix it? Of course not. He cites statistics when they suit him but ignores those that don't.
PS: The above is tongue-in-cheek. Trump chose to tweet about a MEANINGLESS STATISTIC. That much is apparent from the memorandum of Keith Hennessy, a link to which is to be found in the Politico article to be found in my previous post. He is a former Director of the US National Economic Council under George W Bush. In other words, he was at the top of the tree in terms of delivering econometric advice to the White House. He understands data such as National Debt figures. I'd imagine that just about everyone on this site would have little knowledge in this area other than thinking "debt is bad". So, maybe his opinion should count for something.
He stated firmly that the statistic is meaningless. It fluctuates, so comparing statistics a day or month apart isn't useful. Moreover, he notes that Trump didn't cause the fluctuations, so he can't take credit for them. He also points out that Obama confronted the GFC at the start of his term and used a stimulus package to address it.
But is this the new normal of debating? Instead of addressing the merits of the opinion of Hennessey (which was accurately summarised in the headline), it's dismissed simply because it is referenced by Politico? I hope that the standards of debating will improve both on this site and in the US.