Comments by "Joey" (@Joey-ct8bm) on "Does President Trump respect women? Even GOP women are skeptical" video.

  1.  @Mulinaster  Hello, Where do you think that money comes from? Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. At first, it seemed Trump was lowering the debt. It fell $102 billion in the first six months after Trump took office.19 On January 20th, the day Trump was inaugurated, the debt was $19.9 trillion. On July 30, it was $19.8 trillion. But it was not because of anything he did. Instead, it was because of the federal debt ceiling. On September 8, 2017, Trump signed a bill increasing the debt ceiling to. Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019. It leapt to $22 trillion. In July 2019, Trump suspended the debt ceiling until after the 2020 presidential election. The debt soon rose to $23 trillion. Trump has overseen the fastest increase in the debt of any president. Trump's Fiscal Year 2021 budget projects the debt would increase $4.8 trillion during his first term. That's as much as Obama added while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite. The numbers don't lie! Did you think money falls out of the sky? It's all gamble money baby! It's the Taj Mahal all over again.
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  2.  @Mulinaster  How It Affects You? The national debt doesn't affect you directly until it reaches the tipping point. Once the debt-to-GDP ratio exceeds 77% for an extended period of time, it slows economic growth. Every percentage point of debt above this level costs the country 0.017% in economic growth. The first sign of trouble is when interest rates start to rise significantly. Investors need a higher return to offset the greater perceived risk. They start to doubt that the debt can be paid off. The second sign is that the U.S. dollar loses value. You will notice that as inflation rises, imported goods will cost more. Gas and grocery prices will rise. Travel to other countries will also become much more expensive. As interest rates and inflation rise, the cost of providing benefits and paying the interest on the debt will skyrocket. That leaves less money for other services. At that point, the government will be forced to cut services or raise taxes. That will further slow economic growth. At that point, continued deficit spending will no longer work.
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