President Obama left the US with $20 trillion in debt. How much is this likely to increase under President Trump in the next 4 years?
It’s impossible to answer your question at the moment because we don’t yet know which of his initiatives Congress will actually approve. But on the optimistic side, let’s imagine that Congress implements everything Trump wants done, the US debt will be the least of your worries.He plans to drastically lower taxes on the wealthy, on corporations etc. So less revenue for the Federal Government. That in turn means less social services for average Americans. But don’t worry, you’ll have jobs thanks to the infrastructure initiatives he’s going to implement, provided of course you work for one of Trump’s preferred contractors AND don’t mind making less than minimum wage which won’t exist anywys.While you’re happily employed shovelling gravel or whatever, you’d also better hope you don’t get sick or injured becaue if you do, you won’t have any insurance because it’ll have been priced so far out of your reach that you’ve done without, preferring to put food on the table.Speaking of which, the vegetables and fruit that you used to buy, that were imported from places like Mexico have all had tarrifs imposed so a tomato will now cost you more than you make in an hour while doing manual labour to “Make America Great Again”.The TV will report glowing increases in agricultural yields by US farmers but that won’t translate to food on your plate. US factories will be churning out cars that you can’t afford and that long held dream of owning a home will be a distant memory.Don’t forget to say thanks on Jan 20, 2018 because remember, that’ now Trump’s “National Patriotic Celebration” day and you’d better behave!
Would you rather vote for Donald Trump or Hillary Clinton? Why?
Ms. Clinton would be a great first Woman President for our country. Just like Barack Hussein Obama was an awesome first Black President.Hillary Clinton is the better choice for America AND the world. By Far. She is highly educated and experienced. If she is considered a “felon”, then by that same standard Mr. Trump is the scum of the scum of the earth.Hillary even forgave her husband’s indiscretions in the 1990s and stood by her man like a rock. She must be an amazing woman who I would be proud to have as a President.But she is going to lose.I am an American. I would have voted for Hillary Clinton. Unfortunately, although I am a US Citizen, I value my time greatly (I have a young son) and my 1 vote is not going to tip the balance is her direction in Palm Beach County (remember the butterfly ballot and Morikami museum?) Florida.My background: I am an extrovert and live primarily in the US. I can size up the people I meet quickly. There are a ton of highly educated closet Trump supporters who do not own red baseball caps but believe in and identify with Trump’s philosophy of “Make America White Again”Donald Trump is going to win this election easily.Think of it this way: Mr. Trump is a top-notch salesman with a rock star marketing team with him. Whether he is an uneducated buffoon with the general knowledge ( and hands) of a 8 years is irrelevant.Ms. Clinton has 0 sales experience and a below average marketing machine supporting her. So, who do you think wins?If the Donald follow’s up on his pre-election promises, and wins a 2nd term in 2020, we won’t need an election in 2024. The world will ne over.I spent a lot of time on statistical analyses with some highly robust regression concepts ranging from non-linear regression to RANSAC to account for Outliers to Yada Yada Yada.I used over a 1000 different variables from Brexit to Instanbul, ansd from the Mike Tyson’s endorsement to Milania Trump’s speech faux pas (Milania’s speech actually increases Trump’s chanced!)I wanted to validate my work by sharing it with other “geeks” of Quora. Unfortunately Quora assumed my question was a joke and moved it to the jokes section when it got very few views and answers. Thanks Obama!Mr. Trump is going to win this election bigly. That you can believe me.If Mr. Trump is re-elected in 2020, we won’t need an election in 2024. The Earth will be destroyed big league.Numbers do not lie.
When the gov't tried to use deficit spending to combat the national debt did it have a postitive effect?
No it had a negative effect because deficit spending adds to the national debt.
Isn't it true that the last two Democratic presidents decreased the deficit, while the previous two Republican presidents increased it?
First, let’s make sure we’re not confusing deficit with debt. The deficit of course being the difference between income and expenses on an annual basis. The debt is the sum of all the deficits.And yes, basically true.Under President Clinton, the country actually ran a small surplus and we actually started to pay down the debt a tiny bit.President Obama inherited some of the highest deficits in history (and depending on how you argue it, ran up one or two of them) but by the end of his 8 years, several of his deficits towards the end were smaller than the final one of the George W. Bush presidency.Which President Rang Up the Highest Deficit? scroll down for details, but you’ll see the FY2017 deficit was $666Billion. Which is far less than GWB’s final budget in FY2009.Now, if you want to start looking at Trump, his budgets look to start going in the wrong direction again.Now, in Bush’s defense, some of the later debt was a direct result of the Great Recession (this also applies to Obama’s early budgets). On the other hand, one can probably hold Bush accountable somewhat for the Great Recession.