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They know a whole lot more about markets and the economy than I do, although I try hard to be an educated consumer and investor.
The Wall Street Skeptics are just a list of people.
Sure. It's not going to happen. That would require the deficit to increase 20 fold, which is just plan ridiculous. Now if you mean the national Debt, that's going to happen regardless of who gets elected because we are already very close to that level.
I'll bet on Trump. As he showed in 2017, tax cuts for millionaires and corporations caused the deficit to explode....till Biden got it under control.
Biden has racked up trillion dollars annual deficits. It is not even close to being under control.
This true. The debt in 2020 $26,945B and 3 years later $33,167B because:
Correct, and the only administrations to lower the deficit(s) since 1980 have been Clinton, Obama, and Biden. Clinton oversaw total elimination of the deficit, twice.
I didn't mean to make this political and you are correct, especially with Clinton but our inability to control spending (by both parties) and create some kind of balanced budget has caused our debt to increase. Getting off the gold standard allowed for this never ending spending and we are using borrowed money to pay the interest on our debt.
No, the deficit is about 2 trillion. You are speaking about the debt, which you are correct is at $35 trillion. They are related sure, but they are distinct things and need to be treated as such.
