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re: Did he just say he cut the federal deficit?
Posted on 3/7/24 at 9:16 pm to Green Chili Tiger
Posted on 3/7/24 at 9:16 pm to Green Chili Tiger
quote:Would not the debt decrease if the deficit also decreased?
ITT people show they don't know the difference between the deficit and the debt
2
Posted on 3/7/24 at 9:20 pm to CC
No, you are still increasing total debt as long as any deficit is occuring.
Trump spent a ton of money in 2020, so basically a literal corpse came in and spent a little less and now he fixed the deficit and he can point at a 1 yr yoy comparison that shows a deficit reduction.
Trump spent a ton of money in 2020, so basically a literal corpse came in and spent a little less and now he fixed the deficit and he can point at a 1 yr yoy comparison that shows a deficit reduction.
Posted on 3/7/24 at 9:54 pm to CC
quote:No. If you have $10K in credit card debt and are spending $1,000/month on the CC, then one month you only spend $800 on the CC, you have cut your deficit spending by 20%. It still doesn't affect your previous balance. In fact, the balance continues to increase.
Would not the debt decrease if the deficit also decreased?
This post was edited on 3/7/24 at 9:58 pm
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