[u crank]

Originally Posted by vienna

Well, the "very stable genius" has spoken on the economy:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up --

https://www.thedailybeast.com/trump-...en-it-blows-up

Nice to know he's got real plan...

President Donald J. Trump doesn’t care about the nation’s debt, according to that paragon of truth known as the Daily Beast. The article in question claims that Trump’s view on the concern about the rising debt crisis was, “I won’t be here” when the whole thing comes crashing down. For the record, as with most of these reports, the claims are entirely unsourced.

https://spectator.org/congress-not-t...americas-debt/

Think about this, though: if Congress ultimately controls the purse strings, and the debt has been piling up since the Reagan years, how is this all of a sudden Trump’s problem? If Congress has been talking about this matter since the 1980s, why hasn’t it formulated the necessary legislation for reining in government spending?

And of course the answer is quite simple....Congress likes to spend money. They routinely expand the size of the administrative state and the massive welfare state (which accounts for the overwhelming majority of America’s debt). Both parties do this and cooperate in doing it. Blaming Trump or any President excuses the real culprits.

Unfortunately, the president doesn’t control these things. He can demand for Congress to take certain actions (and, as noted above, has) but he’s not the decider here. Congress is the only entity that can really change things for the better and Congress only takes action when its members are consistently threatened by the loss of votes or campaign money in an election year. Since the 1980s, the American voters have not held their elected representatives and senators accountable enough to warrant the kind of drastic legislative change needed to tamp down on America’s debt problem.