The Trump Presidency Message Board

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Politics : The Trump Presidency

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To: zzpat who wrote (44597)	11/11/2017 10:26:35 AM
From: RetiredNow	Read Replies (4) of 359938

I blame both parties, but you seem completely blind to the fact that more debt was created under Obama than all previous Presidents combined. If you insist on blaming Presidents for the debt, then you have to acknowledge that fact and it pretty much obscures every other argument you make on that point. I far prefer getting closer to reality and the root causes, which is to say that Presidents are not really the determining factor when it comes to the debt. Congress is and Congress is woefully incompetent. Presidents can ask for budgets, but Congress gives it to them. Congress would not be able to run deficits of this size, if the Fed wasn't printing money and keeping interest rates at rock bottom levels, below market rates, to aid and abet the Treasury's ability to afford the mountain of debt it is accumulating to fund Congress' profligacy. It's a clown act of deception that enables the addiction to deficits and debt and economic ruin that we have in this country. To lay all of that at the feet of our Presidents is to ignore the supply chain of financial incompetence that our system has produced.

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