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Comment by phkahler | Hacker News Reader

Hang in there, this is a long overdue correction. It's gonna over correct a bit, but then things should be better than before. The rhetoric of Trump being a dictator is way overblown. If this didn't happen we'd be heading toward bankruptcy around the time your kids grow up.

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Considering the Republicans are the ones that weaponized debt in the 1980s with their policy to 'starve the beast' I don't see how Republicans are going to fix it. Unless you mean 'fix it' by shutting down those part of the government that they targeted in the 1980s?

right. because he did so much to reduce the deficit last time.

yup, loves nothing more than to reduce the deficit /s

people are tragically funny these days I swear

Because covid? Congress wanted to pass a covid relief bill sending $700B to corporations. Trump said to get the money to the people so they increased it to do so. Biden happily kept the budget way overblown even though covid was essentially over. Neither party has addressed the budget in decades. One wants to spend more and the other wants to cut taxes. Neither fixes anything.

so.. how does this make things better long term if you just said neither side fixes anything?

So decreasing the increase of the problem is considered progress? No.

The deficit was increasing from 2017, long before covid.

No, not because covid. Obama's second term decreased the amount of deficit added each year. Since then (excluding drop after 2020/2021) the amount has trended upward every year.

I guess you could say less deficit was added during Trump's first term (excluding covid), than in Obama or Biden's first terms. Not sure that tells us anything useful though.

There hasn't been an actual deficit decrease since 2001 though.

https://fiscaldata.treasury.gov/americas-finance-guide/natio...

How did the deficit trend 2017-2019?

And 2020-2024? That extra trillion was supposed to be a one time covid measure, not the new pork.

yes, he's just reassuring that we go bankrupt and have no kids by throwing half a trillion into AI. You complain about giving a trillion partially to people, and Trump is throwing all that, day one, into the richest corporations.

May as well speed to the inevitably cyberpunk future. Shame I'm not getting that cool cyborg arm.

If I understood correctly, that was private funding, and he was just taking credit for a business/private investment deal?

Ah yes the deficit which Republicans are famous for increasing will be fixed by... Trump? Ok.

https://miro.medium.com/v2/format:webp/0*-1b-D-2GuuH2_h_w

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