Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475.
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475.
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
It’s in the article:
“Why it matters: Until this month, the record was 11,475 in May 2019.”
(name-calling removed - Admin)
And if President Joe Biden reduces the numbers substantially between now and the end of the fiscal or calendar year, the monthly "record," "surge" or crisis you're blathering on about will be what, exactly? One less talking point to work yourself up about. 11,475 is not a crisis or installation of fear but 12,587 is? BOO! Go back to complaining about blowing up the debt and promising indictments.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475.
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
It’s in the article:
“Why it matters: Until this month, the record was 11,475 in May 2019.”
And if President Joe Biden reduces the numbers substantially between now and the end of the fiscal or calendar year, the monthly "record," "surge" or crisis you're blathering on about will be what, exactly? One less talking point to work yourself up about. 11,475 is not a crisis or installation of fear but 12,587 is? BOO! Go back to complaining about blowing up the debt and promising indictments.
I love how you come after me for the indictments. Who in their right mind wouldn’t want government officials held accountable for their crimes? Regardless of your political leanings, that’s fundamental to anyone anywhere.
and this crisis? We’d all love it if Biden reduces this substantially, of course, who wouldn’t? All the signs point to Joe etc. acting like this isn’t happening though. They’re doing nothing to stem the tide, to turn off the spigot. They’re just not allowing anyone to photograph it and hiding the obvious in hopes that it slows down by itself. The reason I care is that it affects me since I live in a border state and it has serious implications on the education my kids get. The more children in Texas who need extra services because English isn’t their first language beats an immediate burden on the elementary and middle school systems- the teachers simply don’t have the resources to adequately help them. That means that children who are advanced or at the level the curriculum expects them to be at suffer greatly as things are slowed to help the new children who need it. It sucks. The education system down here is stretched beyond its capabilities and the influx leaves these kids and present kids at danger of being way under educated.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475.
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
It’s in the article:
“Why it matters: Until this month, the record was 11,475 in May 2019.”
And if President Joe Biden reduces the numbers substantially between now and the end of the fiscal or calendar year, the monthly "record," "surge" or crisis you're blathering on about will be what, exactly? One less talking point to work yourself up about. 11,475 is not a crisis or installation of fear but 12,587 is? BOO! Go back to complaining about blowing up the debt and promising indictments.
I love how you come after me for the indictments. Who in their right mind wouldn’t want government officials held accountable for their crimes? Regardless of your political leanings, that’s fundamental to anyone anywhere.
and this crisis? We’d all love it if Biden reduces this substantially, of course, who wouldn’t? All the signs point to Joe etc. acting like this isn’t happening though. They’re doing nothing to stem the tide, to turn off the spigot. They’re just not allowing anyone to photograph it and hiding the obvious in hopes that it slows down by itself. The reason I care is that it affects me since I live in a border state and it has serious implications on the education my kids get. The more children in Texas who need extra services because English isn’t their first language beats an immediate burden on the elementary and middle school systems- the teachers simply don’t have the resources to adequately help them. That means that children who are advanced or at the level the curriculum expects them to be at suffer greatly as things are slowed to help the new children who need it. It sucks. The education system down here is stretched beyond its capabilities and the influx leaves these kids and present kids at danger of being way under educated.
During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1 Instead, his budget estimates showed that he would actually add at least $8.3 trillion, increasing the U.S. debt to $28.5 trillion by 2025.2 However, the national debt may reach that figure much sooner. When President Trump took office in January 2017, the national debt stood at $19.9 trillion. In October 2020, the national debt reached a new high of $27 trillion.
That's an increase of almost 36% in less than four years.3
The total amount that President Trump contributes to the national debt will probably be higher once the impact of the COVID-19 pandemic is realized.
Key Takeaways
During his campaign in 2016, President Trump promised to eliminate the national debt in eight years.
Instead, it is projected that he will add at least $8.3 trillion.
As of October 2020, the national debt reached a new high of $27 trillion, an increase of almost 36% since President Trump took office in 2017.
The national debt and the amount President Trump contributes to it may be higher once the impact of the COVID-19 pandemic is realized.
How Has the National Debt Increased Since Trump Took Office?
At first, it seemed Trump was lowering the debt. It fell $102 billion in the first six months after Trump took office. On January 20, 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 Sept. 8, 2017, Trump signed a bill increasing the debt ceiling.4 Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On Feb. 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019.5 By February 2019, the total national debt was at $22 trillion. In July 2019, Trump suspended the debt ceiling until after the 2020 presidential election.6 On Oct. 1, 2020, the debt hit a new record of $27 trillion.3
Trump has overseen the fastest increase in the debt of any president—almost 36% from 2017 to 2020. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.
Will President Trump Reduce the National Debt?
Trump promised two strategies to reduce U.S. debt before taking office:
Increase growth by 4% to 6%
Eliminate wasteful federal spending
Increase Growth
While on the campaign trail, Trump promised to grow the economy by 4% to 6% annually to increase tax revenues.78
Once in office, Trump lowered his growth estimates to between 2% and 3%.9 These more realistic projections are within the 2% to 3% healthy growth rate.10 When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors and they could create a boom-bust cycle that ends in a recession.
President Trump had also promised to achieve between 2% and 4% growth with tax cuts. The Tax Cuts and Jobs Act cut the corporate tax rate from 35% to 21% beginning in 2018.11 The top individual income tax rate dropped to 37%. It doubled the standard deduction and eliminated personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.12
Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50%. It worked during the Reagan administration because the highest tax rate was 70%.13
Eliminate Wasteful Federal Spending
Trump’s second strategy was to eliminate waste and redundancy in federal spending.14 He demonstrated this cost-consciousness during his campaign, such as when he used his Twitter account and rallies instead of expensive television ads.
Trump was right that there is waste in federal spending. The problem isn't finding it—both Presidents Bush and Obama did that. The problem is in cutting it.15 Each program has a constituency that lobbies Congress. Eliminating these benefits may lose voters and contributors. Congressional representatives may agree to cut spending in someone else’s district, but resist doing so in their own.
Any president must cut into the biggest programs to make a real impact on the national debt.
More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2021, Social Security benefits cost $1.2 trillion, Medicare cost $722 billion, and Medicaid cost $448 billion. The interest on the debt is $378 billion.
To lower the debt, military spending must also be cut because it's such a large portion of the budget. Instead, Trump increased military spending in FY 2021 to $933 billion. That includes three components:
$636 billion base budget for the Department of Defense
$69 billion in overseas contingency operations for DoD to fight the Islamic State group
$229 billion to fund the other agencies that protect our nation, including the Department of Veterans Affairs ($105 billion), Homeland Security ($50 billion), the State Department ($44 billion), the National Nuclear Security Administration in the Department of Energy ($20 billion), and the FBI and Cybersecurity the Department of Justice ($10 billion)16
What's left of the $4.8 trillion budgeted for FY 2021 after mandatory and military spending? Only $595 billion to pay for everything else. That includes agencies that process Social Security and other benefits. It also includes the necessary functions performed by the Justice Department and the Internal Revenue Service. You'd have to eliminate it all to make a dent in the $966 billion deficit.17
You can't reduce the deficit or debt without major cuts to defense and mandated benefits programs. Cutting waste isn't enough.
Does Trump’s Business Debt Affect His Approach to U.S. Debt?
During the 2016 campaign, Trump said in an interview with CNBC that he would "borrow, knowing that if the economy crashed, you could make a deal.”18 However, sovereign debt is different from personal debt. They can't be handled the same way.
A 2016 Fortune magazine analysis revealed Trump's business was $1.11 billion in debt.19 That includes $846 million owed on five properties. These include Trump Tower, 40 Wall Street, and 1290 Avenue of the Americas in New York. It also includes the Trump Hotel in Washington D.C. and 555 California Street in San Francisco. But the income generated by these properties easily pays their annual interest payment. In the business world, Trump's debt is reasonable.
The current U.S. debt-to-GDP ratio is 136%. That's the $26.5 trillion U.S. debt as of June 2020, divided by the $19.5 trillion nominal GDP at the end of the second quarter this year.203
The World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77%.21
So far, the high U.S. debt-to-ratio hasn't discouraged investors. America is one of the safest economies in the world and its currency is the world's reserve currency. Even during a U.S. economic crisis, investors purchase U.S. Treasurys in a flight to safety. That's one reason why interest rates plunged to historical lows in March 2020 after the coronavirus outbreak.22 Those falling interest rates meant America's debt could increase, but interest payments remain stable.
The U.S. also has a massive fixed pension expense and health insurance costs. A business can renege on these benefits, ask for bankruptcy, and weather the resulting lawsuits. A president and Congress can't cut back those costs without losing their jobs at the next election. As such, Trump's experience in handling business debt does not transfer to managing the U.S. debt.
How the National Debt 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 percentage points in economic growth, according to a World Bank analysis.21
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.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475.
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
It’s in the article:
“Why it matters: Until this month, the record was 11,475 in May 2019.”
And if President Joe Biden reduces the numbers substantially between now and the end of the fiscal or calendar year, the monthly "record," "surge" or crisis you're blathering on about will be what, exactly? One less talking point to work yourself up about. 11,475 is not a crisis or installation of fear but 12,587 is? BOO! Go back to complaining about blowing up the debt and promising indictments.
I love how you come after me for the indictments. Who in their right mind wouldn’t want government officials held accountable for their crimes? Regardless of your political leanings, that’s fundamental to anyone anywhere.
and this crisis? We’d all love it if Biden reduces this substantially, of course, who wouldn’t? All the signs point to Joe etc. acting like this isn’t happening though. They’re doing nothing to stem the tide, to turn off the spigot. They’re just not allowing anyone to photograph it and hiding the obvious in hopes that it slows down by itself. The reason I care is that it affects me since I live in a border state and it has serious implications on the education my kids get. The more children in Texas who need extra services because English isn’t their first language beats an immediate burden on the elementary and middle school systems- the teachers simply don’t have the resources to adequately help them. That means that children who are advanced or at the level the curriculum expects them to be at suffer greatly as things are slowed to help the new children who need it. It sucks. The education system down here is stretched beyond its capabilities and the influx leaves these kids and present kids at danger of being way under educated.
What crimes did Hillary and Obama, or anyone in the Obama Administration commit? I won't hold my breath for an answer.
Regarding your second paragraph, my point is that this "crisis" started well before Biden became president and you want to believe POOTWH somehow didn't have a "crisis" to contend with or that his policies solved it and made it go away. Nothing can be further from the truth or reality. So, you're concerned about your kids' education due to the overwhelming of your school systems with non-native, non- English speakers? And only concerned now, 69 days into a new Administration? What exactly are the republicans proposing to do about it? What specific policies, foreign aid, border enforcement, Dreamers, etc. do they prefer to 1. stem the tide, 2. deal with those already here and 3. make immigration safer, fairer and more humane? Please don't say, "Build a Wall, that Mexico's going to pay for." Until repubs become partners in solving problems, like Obama tried to do (Obama had a multi-pronged approach and policy that gained results but guess who jettisoned it when they took office?) but they flat out refused to work with him, the problem won't be solved and you'll be whining about a dem POTUS, in office 69 days to solve a problem the POOTWH didn't solve in 4 years and hasn't been dealt with, in any substantive way, since 1986. Since Tejas doesn't seem to take the national calamity of Covid seriously, why the fuck should I take Tejas' immigration "crisis" seriously?
To my second bold in your post, how do you know Biden isn't doing anything about it? He appointed VP Harris to take point on it. Mike the Pencil took point on covid response, is that your concern? Just because President Biden isn't stepping out in front of a mic, snapping his suit jacket and disparaging our neighbors to the south, doesn't mean he's "not doing anything about it."
To my third bold of your post, studies have shown that migrant children, while starting out slow and taking time to catch up, eventually outperform native born kids in standardized testing, high school graduation rates and acceptance to college. I'll let you post the crime statistics.
Tell me, how is it the most richest, powerful nation on earth can't solve this problem? Because YOU don't want to pay for it and only want to use it as a fear mongering political ploy. Maybe Tejas should increase their sales and gas tax, call it the immigrant avoidance tax and enforce their own damn border? Just a thought.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475.
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
It’s in the article:
“Why it matters: Until this month, the record was 11,475 in May 2019.”
You’re a moron of epic proportions.
And if President Joe Biden reduces the numbers substantially between now and the end of the fiscal or calendar year, the monthly "record," "surge" or crisis you're blathering on about will be what, exactly? One less talking point to work yourself up about. 11,475 is not a crisis or installation of fear but 12,587 is? BOO! Go back to complaining about blowing up the debt and promising indictments.
I love how you come after me for the indictments. Who in their right mind wouldn’t want government officials held accountable for their crimes? Regardless of your political leanings, that’s fundamental to anyone anywhere.
and this crisis? We’d all love it if Biden reduces this substantially, of course, who wouldn’t? All the signs point to Joe etc. acting like this isn’t happening though. They’re doing nothing to stem the tide, to turn off the spigot. They’re just not allowing anyone to photograph it and hiding the obvious in hopes that it slows down by itself. The reason I care is that it affects me since I live in a border state and it has serious implications on the education my kids get. The more children in Texas who need extra services because English isn’t their first language beats an immediate burden on the elementary and middle school systems- the teachers simply don’t have the resources to adequately help them. That means that children who are advanced or at the level the curriculum expects them to be at suffer greatly as things are slowed to help the new children who need it. It sucks. The education system down here is stretched beyond its capabilities and the influx leaves these kids and present kids at danger of being way under educated.
What crimes did Hillary and Obama, or anyone in the Obama Administration commit? I won't hold my breath for an answer.
Regarding your second paragraph, my point is that this "crisis" started well before Biden became president and you want to believe POOTWH somehow didn't have a "crisis" to contend with or that his policies solved it and made it go away. Nothing can be further from the truth or reality. So, you're concerned about your kids' education due to the overwhelming of your school systems with non-native, non- English speakers? And only concerned now, 69 days into a new Administration? What exactly are the republicans proposing to do about it? What specific policies, foreign aid, border enforcement, Dreamers, etc. do they prefer to 1. stem the tide, 2. deal with those already here and 3. make immigration safer, fairer and more humane? Please don't say, "Build a Wall, that Mexico's going to pay for." Until repubs become partners in solving problems, like Obama tried to do (Obama had a multi-pronged approach and policy that gained results but guess who jettisoned it when they took office?) but they flat out refused to work with him, the problem won't be solved and you'll be whining about a dem POTUS, in office 69 days to solve a problem the POOTWH didn't solve in 4 years and hasn't been dealt with, in any substantive way, since 1986. Since Tejas doesn't seem to take the national calamity of Covid seriously, why the fuck should I take Tejas' immigration "crisis" seriously?
To my second bold in your post, how do you know Biden isn't doing anything about it? He appointed VP Harris to take point on it. Mike the Pencil took point on covid response, is that your concern? Just because President Biden isn't stepping out in front of a mic, snapping his suit jacket and disparaging our neighbors to the south, doesn't mean he's "not doing anything about it."
To my third bold of your post, studies have shown that migrant children, while starting out slow and taking time to catch up, eventually outperform native born kids in standardized testing, high school graduation rates and acceptance to college. I'll let you post the crime statistics.
Tell me, how is it the most richest, powerful nation on earth can't solve this problem? Because YOU don't want to pay for it and only want to use it as a fear mongering political ploy. Maybe Tejas should increase their sales and gas tax, call it the immigrant avoidance tax and enforce their own damn border? Just a thought.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3]In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
So what is BS? You can’t help yourself from arguing, can you?
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475.
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
It’s in the article:
“Why it matters: Until this month, the record was 11,475 in May 2019.”
You’re a moron of epic proportions.
And if President Joe Biden reduces the numbers substantially between now and the end of the fiscal or calendar year, the monthly "record," "surge" or crisis you're blathering on about will be what, exactly? One less talking point to work yourself up about. 11,475 is not a crisis or installation of fear but 12,587 is? BOO! Go back to complaining about blowing up the debt and promising indictments.
I love how you come after me for the indictments. Who in their right mind wouldn’t want government officials held accountable for their crimes? Regardless of your political leanings, that’s fundamental to anyone anywhere.
and this crisis? We’d all love it if Biden reduces this substantially, of course, who wouldn’t? All the signs point to Joe etc. acting like this isn’t happening though. They’re doing nothing to stem the tide, to turn off the spigot. They’re just not allowing anyone to photograph it and hiding the obvious in hopes that it slows down by itself. The reason I care is that it affects me since I live in a border state and it has serious implications on the education my kids get. The more children in Texas who need extra services because English isn’t their first language beats an immediate burden on the elementary and middle school systems- the teachers simply don’t have the resources to adequately help them. That means that children who are advanced or at the level the curriculum expects them to be at suffer greatly as things are slowed to help the new children who need it. It sucks. The education system down here is stretched beyond its capabilities and the influx leaves these kids and present kids at danger of being way under educated.
What crimes did Hillary and Obama, or anyone in the Obama Administration commit? I won't hold my breath for an answer.
Regarding your second paragraph, my point is that this "crisis" started well before Biden became president and you want to believe POOTWH somehow didn't have a "crisis" to contend with or that his policies solved it and made it go away. Nothing can be further from the truth or reality. So, you're concerned about your kids' education due to the overwhelming of your school systems with non-native, non- English speakers? And only concerned now, 69 days into a new Administration? What exactly are the republicans proposing to do about it? What specific policies, foreign aid, border enforcement, Dreamers, etc. do they prefer to 1. stem the tide, 2. deal with those already here and 3. make immigration safer, fairer and more humane? Please don't say, "Build a Wall, that Mexico's going to pay for." Until repubs become partners in solving problems, like Obama tried to do (Obama had a multi-pronged approach and policy that gained results but guess who jettisoned it when they took office?) but they flat out refused to work with him, the problem won't be solved and you'll be whining about a dem POTUS, in office 69 days to solve a problem the POOTWH didn't solve in 4 years and hasn't been dealt with, in any substantive way, since 1986. Since Tejas doesn't seem to take the national calamity of Covid seriously, why the fuck should I take Tejas' immigration "crisis" seriously?
To my second bold in your post, how do you know Biden isn't doing anything about it? He appointed VP Harris to take point on it. Mike the Pencil took point on covid response, is that your concern? Just because President Biden isn't stepping out in front of a mic, snapping his suit jacket and disparaging our neighbors to the south, doesn't mean he's "not doing anything about it."
To my third bold of your post, studies have shown that migrant children, while starting out slow and taking time to catch up, eventually outperform native born kids in standardized testing, high school graduation rates and acceptance to college. I'll let you post the crime statistics.
Tell me, how is it the most richest, powerful nation on earth can't solve this problem? Because YOU don't want to pay for it and only want to use it as a fear mongering political ploy. Maybe Tejas should increase their sales and gas tax, call it the immigrant avoidance tax and enforce their own damn border? Just a thought.
It's called Fake Outrage
I prefer to use the French version, fauxrage. While eating Freedumb Fries.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Dude who’s going to bake your Pizza you employ immigrants to do what American kids refuse to do! Don’t be scared of us brown folks we work hard, for the most part we are law abiding, we take care of our kids, so stop hating
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Dude who’s going to bake your Pizza you employ immigrants to do what American kids refuse to do! Don’t be scared of us brown folks we work hard, for the most part we are law abiding, we take care of our kids, so stop hating
Jose puts together a great point.
Are kids these days getting lazy and don't want to work?
or
Is there no work for kids these days?
Life when we were younger was much different I know. I had a paper route, worked landscaping in the summer and had a stock boy job at the local deli. 3 jobs that I do not see kids doing anymore.
Pre-pandemic, unemployment was at or below 4% and there were 2 million unfilled jobs, if I remember correctly. Most “kids” I know don’t work because they don’t have to but some definitely do out of necessity, supporting their family. Who still gets a newspaper thrown in the bushes these days?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Dude who’s going to bake your Pizza you employ immigrants to do what American kids refuse to do! Don’t be scared of us brown folks we work hard, for the most part we are law abiding, we take care of our kids, so stop hating
Jose puts together a great point.
Are kids these days getting lazy and don't want to work?
or
Is there no work for kids these days?
Life when we were younger was much different I know. I had a paper route, worked landscaping in the summer and had a stock boy job at the local deli. 3 jobs that I do not see kids doing anymore.
I was pumping gas, changing oil, fixing flats, plowing fields, and mowing yards when I was 16 so that I could save up for a car and could take my girlfriend on nice dates, and eventually move out on my own. It seems like a lot of kids these days couldn’t care less about any of those things.
I’m always amazed when I ask a 16 year old if they are excited to get their drivers license and they say something like “meh, I think I’ll wait a couple years”.
A drivers license meant freedom to me, so it was my main objective at that age...what are kid’s objectives these days?
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Dude who’s going to bake your Pizza you employ immigrants to do what American kids refuse to do! Don’t be scared of us brown folks we work hard, for the most part we are law abiding, we take care of our kids, so stop hating
Jose puts together a great point.
Are kids these days getting lazy and don't want to work?
or
Is there no work for kids these days?
Life when we were younger was much different I know. I had a paper route, worked landscaping in the summer and had a stock boy job at the local deli. 3 jobs that I do not see kids doing anymore.
I was pumping gas, changing oil, fixing flats, plowing fields, and mowing yards when I was 16 so that I could save up for a car and could take my girlfriend on nice dates, and eventually move out on my own. It seems like a lot of kids these days couldn’t care less about any of those things.
Yes. I've informed my kids if they don't move out when they're 18, I will!
I will say that where I live, kids still work many/most of the jobs mentioned (and similar jobs) -- and they still suck at it.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Dude who’s going to bake your Pizza you employ immigrants to do what American kids refuse to do! Don’t be scared of us brown folks we work hard, for the most part we are law abiding, we take care of our kids, so stop hating
Jose puts together a great point.
Are kids these days getting lazy and don't want to work?
or
Is there no work for kids these days?
Life when we were younger was much different I know. I had a paper route, worked landscaping in the summer and had a stock boy job at the local deli. 3 jobs that I do not see kids doing anymore.
I was pumping gas, changing oil, fixing flats, plowing fields, and mowing yards when I was 16 so that I could save up for a car and could take my girlfriend on nice dates, and eventually move out on my own. It seems like a lot of kids these days couldn’t care less about any of those things.
Yes. I've informed my kids if they don't move out when they're 18, I will!
I will say that where I live, kids still work many/most of the jobs mentioned (and similar jobs) -- and they still suck at it.
Haha, I was probably 13 when I started drive a tractor for an uncle and am sure I probably screwed up a time or two . When I was at the tire/oil shop, I saw a kid fill up someone’s power steering reservoir with motor oil (to the rim) and the same kid tried jacking up a car under the gas tank, but I highly doubt he did either of those things a second time, lol. I have never seen a boss more angry! I’m always a little nervous taking my vehicle to get work done because of my experience there.
Pre-pandemic, unemployment was at or below 4% and there were 2 million unfilled jobs, if I remember correctly. Most “kids” I know don’t work because they don’t have to but some definitely do out of necessity, supporting their family. Who still gets a newspaper thrown in the bushes these days?
Papers are down dramatically I know. All the paper boy routes were eliminated from fear of abductions here, no shit. Also liability issues. I remember my route and others going to an adult in a car and it's been like that ever since. One person delivering a few hundred newspapers each morning.
As far as kids not needing to work, is that a good idea to teach kids? Do parents not make their progeny earn things anymore?
Pre-pandemic, unemployment was at or below 4% and there were 2 million unfilled jobs, if I remember correctly. Most “kids” I know don’t work because they don’t have to but some definitely do out of necessity, supporting their family. Who still gets a newspaper thrown in the bushes these days?
Papers are down dramatically I know. All the paper boy routes were eliminated from fear of abductions here, no shit. Also liability issues. I remember my route and others going to an adult in a car and it's been like that ever since. One person delivering a few hundred newspapers each morning.
As far as kids not needing to work, is that a good idea to teach kids? Do parents not make their progeny earn things anymore?
A lot do not. After all they are too busy with video games and texting to hold down a job or do home chores.
Apparently this is a mostly uniquely American problem. In other countries kids do chores, have jobs, respect their elders and parents.
Pre-pandemic, unemployment was at or below 4% and there were 2 million unfilled jobs, if I remember correctly. Most “kids” I know don’t work because they don’t have to but some definitely do out of necessity, supporting their family. Who still gets a newspaper thrown in the bushes these days?
Papers are down dramatically I know. All the paper boy routes were eliminated from fear of abductions here, no shit. Also liability issues. I remember my route and others going to an adult in a car and it's been like that ever since. One person delivering a few hundred newspapers each morning.
As far as kids not needing to work, is that a good idea to teach kids? Do parents not make their progeny earn things anymore?
A lot do not. After all they are too busy with video games and texting to hold down a job or do home chores.
Apparently this is a mostly uniquely American problem. In other countries kids do chores, have jobs, respect their elders and parents.
Some parents do not want their kids to work. They tell them to focus on school and extracurriculars, in the belief that this is what will get them into a “good” university. It’s a mistake in my opinion. First, the lessons you learn holding down a job are different but just as valuable as those you learn at school, and second, you just don’t value something as much when you don’t put in the work to earn it.
my small self... like a book amongst the many on a shelf
Pre-pandemic, unemployment was at or below 4% and there were 2 million unfilled jobs, if I remember correctly. Most “kids” I know don’t work because they don’t have to but some definitely do out of necessity, supporting their family. Who still gets a newspaper thrown in the bushes these days?
Papers are down dramatically I know. All the paper boy routes were eliminated from fear of abductions here, no shit. Also liability issues. I remember my route and others going to an adult in a car and it's been like that ever since. One person delivering a few hundred newspapers each morning.
As far as kids not needing to work, is that a good idea to teach kids? Do parents not make their progeny earn things anymore?
A lot do not. After all they are too busy with video games and texting to hold down a job or do home chores.
Apparently this is a mostly uniquely American problem. In other countries kids do chores, have jobs, respect their elders and parents.
Some parents do not want their kids to work. They tell them to focus on school and extracurriculars, in the belief that this is what will get them into a “good” university. It’s a mistake in my opinion. First, the lessons you learn holding down a job are different but just as valuable as those you learn at school, and second, you just don’t value something as much when you don’t put in the work to earn it.
Pre-pandemic, unemployment was at or below 4% and there were 2 million unfilled jobs, if I remember correctly. Most “kids” I know don’t work because they don’t have to but some definitely do out of necessity, supporting their family. Who still gets a newspaper thrown in the bushes these days?
Papers are down dramatically I know. All the paper boy routes were eliminated from fear of abductions here, no shit. Also liability issues. I remember my route and others going to an adult in a car and it's been like that ever since. One person delivering a few hundred newspapers each morning.
As far as kids not needing to work, is that a good idea to teach kids? Do parents not make their progeny earn things anymore?
A lot do not. After all they are too busy with video games and texting to hold down a job or do home chores.
Apparently this is a mostly uniquely American problem. In other countries kids do chores, have jobs, respect their elders and parents.
Some parents do not want their kids to work. They tell them to focus on school and extracurriculars, in the belief that this is what will get them into a “good” university. It’s a mistake in my opinion. First, the lessons you learn holding down a job are different but just as valuable as those you learn at school, and second, you just don’t value something as much when you don’t put in the work to earn it.
Yes, 100% this.
Everything points to a nation pretty much allergic to work. I mean, the subtext of getting them into a "good" university is basically so that they won't have to work.
Edit: G. Faxxxi Libbie, how many unfulfilled jobs was that?
Pre-pandemic, unemployment was at or below 4% and there were 2 million unfilled jobs, if I remember correctly. Most “kids” I know don’t work because they don’t have to but some definitely do out of necessity, supporting their family. Who still gets a newspaper thrown in the bushes these days?
Papers are down dramatically I know. All the paper boy routes were eliminated from fear of abductions here, no shit. Also liability issues. I remember my route and others going to an adult in a car and it's been like that ever since. One person delivering a few hundred newspapers each morning.
As far as kids not needing to work, is that a good idea to teach kids? Do parents not make their progeny earn things anymore?
A lot do not. After all they are too busy with video games and texting to hold down a job or do home chores.
Apparently this is a mostly uniquely American problem. In other countries kids do chores, have jobs, respect their elders and parents.
Some parents do not want their kids to work. They tell them to focus on school and extracurriculars, in the belief that this is what will get them into a “good” university. It’s a mistake in my opinion. First, the lessons you learn holding down a job are different but just as valuable as those you learn at school, and second, you just don’t value something as much when you don’t put in the work to earn it.
Yes, 100% this.
Everything points to a nation pretty much allergic to work. I mean, the subtext of getting them into a "good" university is basically so that they won't have to work.
Edit: G. Faxxxi Libbie, how many unfulfilled jobs was that?
Am isn’t sure. You’d have to subtract all the jiggalo jobs because they were filled. By dicks, apparently. The answer is blowing in the wind like pages of a newspaper. You rememba n-e-w-s-p-a-p-a-s, donntcha son? You whippasnappas! Cancel cultcha!
The national debt has increased by almost 36% since Trump took office
•••
Updated February 05, 2021
During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1 Instead, his budget estimates showed that he would actually add at least $8.3 trillion, increasing the U.S. debt to $28.5 trillion by 2025.2 However, the national debt may reach that figure much sooner. When President Trump took office in January 2017, the national debt stood at $19.9 trillion. In October 2020, the national debt reached a new high of $27 trillion.
That's an increase of almost 36% in less than four years.3
The total amount that President Trump contributes to the national debt will probably be higher once the impact of the COVID-19 pandemic is realized.
Key Takeaways
During his campaign in 2016, President Trump promised to eliminate the national debt in eight years.
Instead, it is projected that he will add at least $8.3 trillion.
As of October 2020, the national debt reached a new high of $27 trillion, an increase of almost 36% since President Trump took office in 2017.
The national debt and the amount President Trump contributes to it may be higher once the impact of the COVID-19 pandemic is realized.
How Has the National Debt Increased Since Trump Took Office?
At first, it seemed Trump was lowering the debt. It fell $102 billion in the first six months after Trump took office. On January 20, 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 Sept. 8, 2017, Trump signed a bill increasing the debt ceiling.4 Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On Feb. 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019.5 By February 2019, the total national debt was at $22 trillion. In July 2019, Trump suspended the debt ceiling until after the 2020 presidential election.6 On Oct. 1, 2020, the debt hit a new record of $27 trillion.3
Trump has overseen the fastest increase in the debt of any president—almost 36% from 2017 to 2020. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.
Will President Trump Reduce the National Debt?
Trump promised two strategies to reduce U.S. debt before taking office:
Increase growth by 4% to 6%
Eliminate wasteful federal spending
Increase Growth
While on the campaign trail, Trump promised to grow the economy by 4% to 6% annually to increase tax revenues.78
Once in office, Trump lowered his growth estimates to between 2% and 3%.9 These more realistic projections are within the 2% to 3% healthy growth rate.10 When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors and they could create a boom-bust cycle that ends in a recession.
President Trump had also promised to achieve between 2% and 4% growth with tax cuts. The Tax Cuts and Jobs Act cut the corporate tax rate from 35% to 21% beginning in 2018.11 The top individual income tax rate dropped to 37%. It doubled the standard deduction and eliminated personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.12
Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50%. It worked during the Reagan administration because the highest tax rate was 70%.13
Eliminate Wasteful Federal Spending
Trump’s second strategy was to eliminate waste and redundancy in federal spending.14 He demonstrated this cost-consciousness during his campaign, such as when he used his Twitter account and rallies instead of expensive television ads.
Trump was right that there is waste in federal spending. The problem isn't finding it—both Presidents Bush and Obama did that. The problem is in cutting it.15 Each program has a constituency that lobbies Congress. Eliminating these benefits may lose voters and contributors. Congressional representatives may agree to cut spending in someone else’s district, but resist doing so in their own.
Any president must cut into the biggest programs to make a real impact on the national debt.
More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2021, Social Security benefits cost $1.2 trillion, Medicare cost $722 billion, and Medicaid cost $448 billion. The interest on the debt is $378 billion.
To lower the debt, military spending must also be cut because it's such a large portion of the budget. Instead, Trump increased military spending in FY 2021 to $933 billion. That includes three components:
$636 billion base budget for the Department of Defense
$69 billion in overseas contingency operations for DoD to fight the Islamic State group
$229 billion to fund the other agencies that protect our nation, including the Department of Veterans Affairs ($105 billion), Homeland Security ($50 billion), the State Department ($44 billion), the National Nuclear Security Administration in the Department of Energy ($20 billion), and the FBI and Cybersecurity the Department of Justice ($10 billion)16
What's left of the $4.8 trillion budgeted for FY 2021 after mandatory and military spending? Only $595 billion to pay for everything else. That includes agencies that process Social Security and other benefits. It also includes the necessary functions performed by the Justice Department and the Internal Revenue Service. You'd have to eliminate it all to make a dent in the $966 billion deficit.17
You can't reduce the deficit or debt without major cuts to defense and mandated benefits programs. Cutting waste isn't enough.
Does Trump’s Business Debt Affect His Approach to U.S. Debt?
During the 2016 campaign, Trump said in an interview with CNBC that he would "borrow, knowing that if the economy crashed, you could make a deal.”18 However, sovereign debt is different from personal debt. They can't be handled the same way.
A 2016 Fortune magazine analysis revealed Trump's business was $1.11 billion in debt.19 That includes $846 million owed on five properties. These include Trump Tower, 40 Wall Street, and 1290 Avenue of the Americas in New York. It also includes the Trump Hotel in Washington D.C. and 555 California Street in San Francisco. But the income generated by these properties easily pays their annual interest payment. In the business world, Trump's debt is reasonable.
The current U.S. debt-to-GDP ratio is 136%. That's the $26.5 trillion U.S. debt as of June 2020, divided by the $19.5 trillion nominal GDP at the end of the second quarter this year.203
The World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77%.21
So far, the high U.S. debt-to-ratio hasn't discouraged investors. America is one of the safest economies in the world and its currency is the world's reserve currency. Even during a U.S. economic crisis, investors purchase U.S. Treasurys in a flight to safety. That's one reason why interest rates plunged to historical lows in March 2020 after the coronavirus outbreak.22 Those falling interest rates meant America's debt could increase, but interest payments remain stable.
The U.S. also has a massive fixed pension expense and health insurance costs. A business can renege on these benefits, ask for bankruptcy, and weather the resulting lawsuits. A president and Congress can't cut back those costs without losing their jobs at the next election. As such, Trump's experience in handling business debt does not transfer to managing the U.S. debt.
How the National Debt 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 percentage points in economic growth, according to a World Bank analysis.21
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.
Yep awful humans doing shot like this no doubt glad you posted it but it also proves that a wall is not a stop all immigrants measure! You see your hero president who had 4 years to actually try to do something about this crisis failed he just thought a wall would be the answer, well it isn’t I believe the answer has to be done diplomatic by engaging with these Central American countries to try to get them to do more about their dire conditions in those countries so their citizens don’t want to flee to come here !
https://twitter.com/acyn/status/1378122903661674496?s=21 lol yes I know the crisis is still raging and it seems like it’s worse but I have to believe that this administration will do a better job at trying to protect children!
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
Dude who’s going to bake your Pizza you employ immigrants to do what American kids refuse to do! Don’t be scared of us brown folks we work hard, for the most part we are law abiding, we take care of our kids, so stop hating
This, absolutely, without a doubt. The whole response is direct, to the point, accurate and 100% true. Probably the hardest working race in America.
I worked as a teenager, did the just concentrate on school and sports with my kids and the results? Both are doing very well now, however, both fucked up royally because they were spoiled and felt entitled. If I had to do it again....good grades in school, after school activities and a job during their spare time. And definitely a job in college. Keep them busy, they’ll be tired and what ever you do know that they all do something sooner or later that they will not tell you the whole truth about just like we did to our parents.
Yep awful humans doing shot like this no doubt glad you posted it but it also proves that a wall is not a stop all immigrants measure! You see your hero president who had 4 years to actually try to do something about this crisis failed he just thought a wall would be the answer, well it isn’t I believe the answer has to be done diplomatic by engaging with these Central American countries to try to get them to do more about their dire conditions in those countries so their citizens don’t want to flee to come here !
Did dropping 3 and 5 year olds over a wall get you to notice? Did it touch a nerve? Good, get pissed. This is atrocious and it needs to be stopped (like it had been for months before Joe stepped in).
Comments
Holy shit.
Prior to Joe Biden, the highest number of unaccompanied minors was 11,475. That was with President Donald Trump doing all he could to fight the Democrats to get the border protections. Then they had no problem calling it a “crisis.”
A month ago, it was projected that the numbers in May for undocumented minorswould already be way beyond that at 13,000.
Now, according to Axios, the new estimates are 16,000 for this month and with the estimate for May at 22,000 to 25,000, with the projections for the next several months being over 20,000 a month and 26,000 projected in September. That’s more than double what was already considered a crisis. It’s anticipated to last at least the next seven months. It’s projected they’ll need 34,000 more beds for September and possibly have 53,000 in custody then.
https://www.google.com/amp/s/www.axios.com/border-crisis-record-number-migrant-kids-89cd0b23-a588-4f01-9547-d6f04b262542.html
Unaccompanied Alien Children - Wikipedia
The Homeland Security Act of 2002, as well as HHS, defines unaccompanied alien children as illegal immigrants under 18 without legal guardians in the United States.[5][6] However, the practice of the Department of Homeland Security is to only define children traveling with their parents or legal guardians as part of "family units" and all other children as "unaccompanied minors."[6] As a result, children traveling with grandparents, adult siblings, and aunts and uncles are referred to the UAC program.[6] Children separated from their parents under the Trump administration's family separation policy were referred to the UAC program.[7]
ORR's Unaccompanied Alien Children Program began in 2003 and housed fewer than 8,000 children per year through 2011.[3] Significant increases in the population occurred during the 2014 American immigration crisis, and in 2016, 2018, and 2019.[3] In fiscal year 2018, 49,100 children were referred to the UAC program, an average of 135 per day.[3] This rate has since increased, and reached 287 daily referrals in April 2019.[3] In April 2019, an average of 12,587 children were housed in the program, which then had a capacity of 14,363 beds.[3]
Customs and Border Patrol (CBP), an agency of the Department of Homeland Security, holds unaccompanied children after their initial arrest. CBP is legally obligated to refer them to the ORR's UAC program within 72 hours, but in 2019, such children are being for weeks or months in CBP custody.[8] On June 13, 2019, the government reported that 2,081 UAC were held by the CBP;[8] in late June, a CBP official stated that the number had been reduced to less than 1,000.[9]
Libtardaplorable©. And proud of it.
Brilliantati©
are you arguing that the 11,475 is actually 12,587? Whoops, but that’s worse isn’t it?
and your post is simply saying exactly what I posted, except yours is per year, not month.
you realize that the Axios article doesn’t include Mexico, right?
No mention of whether this was day, week, month, year and as such is BS. Facts matter (or so I was told). Do kids from Mexico not scare you too?
And a more accurate comparison would be annual or YTD as there are seasonal fluctuations that need to be taken into account, but I'm sure you knew that.
Libtardaplorable©. And proud of it.
Brilliantati©
Libtardaplorable©. And proud of it.
Brilliantati©
and this crisis? We’d all love it if Biden reduces this substantially, of course, who wouldn’t? All the signs point to Joe etc. acting like this isn’t happening though. They’re doing nothing to stem the tide, to turn off the spigot. They’re just not allowing anyone to photograph it and hiding the obvious in hopes that it slows down by itself. The reason I care is that it affects me since I live in a border state and it has serious implications on the education my kids get. The more children in Texas who need extra services because English isn’t their first language beats an immediate burden on the elementary and middle school systems- the teachers simply don’t have the resources to adequately help them. That means that children who are advanced or at the level the curriculum expects them to be at suffer greatly as things are slowed to help the new children who need it. It sucks. The education system down here is stretched beyond its capabilities and the influx leaves these kids and present kids at danger of being way under educated.
-
https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401
President Trump's Impact on the National Debt
The national debt has increased by almost 36% since Trump took office
During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1 Instead, his budget estimates showed that he would actually add at least $8.3 trillion, increasing the U.S. debt to $28.5 trillion by 2025.2 However, the national debt may reach that figure much sooner. When President Trump took office in January 2017, the national debt stood at $19.9 trillion. In October 2020, the national debt reached a new high of $27 trillion.
The total amount that President Trump contributes to the national debt will probably be higher once the impact of the COVID-19 pandemic is realized.
Key Takeaways
How Has the National Debt Increased Since Trump Took Office?
At first, it seemed Trump was lowering the debt. It fell $102 billion in the first six months after Trump took office. On January 20, 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 Sept. 8, 2017, Trump signed a bill increasing the debt ceiling.4 Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On Feb. 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019.5 By February 2019, the total national debt was at $22 trillion. In July 2019, Trump suspended the debt ceiling until after the 2020 presidential election.6 On Oct. 1, 2020, the debt hit a new record of $27 trillion.3
Trump has overseen the fastest increase in the debt of any president—almost 36% from 2017 to 2020. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.
Will President Trump Reduce the National Debt?
Trump promised two strategies to reduce U.S. debt before taking office:
Increase Growth
While on the campaign trail, Trump promised to grow the economy by 4% to 6% annually to increase tax revenues.78
Once in office, Trump lowered his growth estimates to between 2% and 3%.9 These more realistic projections are within the 2% to 3% healthy growth rate.10 When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors and they could create a boom-bust cycle that ends in a recession.
President Trump had also promised to achieve between 2% and 4% growth with tax cuts. The Tax Cuts and Jobs Act cut the corporate tax rate from 35% to 21% beginning in 2018.11 The top individual income tax rate dropped to 37%. It doubled the standard deduction and eliminated personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.12
Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50%. It worked during the Reagan administration because the highest tax rate was 70%.13
Eliminate Wasteful Federal Spending
Trump’s second strategy was to eliminate waste and redundancy in federal spending.14 He demonstrated this cost-consciousness during his campaign, such as when he used his Twitter account and rallies instead of expensive television ads.
Trump was right that there is waste in federal spending. The problem isn't finding it—both Presidents Bush and Obama did that. The problem is in cutting it.15 Each program has a constituency that lobbies Congress. Eliminating these benefits may lose voters and contributors. Congressional representatives may agree to cut spending in someone else’s district, but resist doing so in their own.
Any president must cut into the biggest programs to make a real impact on the national debt.
More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2021, Social Security benefits cost $1.2 trillion, Medicare cost $722 billion, and Medicaid cost $448 billion. The interest on the debt is $378 billion.
To lower the debt, military spending must also be cut because it's such a large portion of the budget. Instead, Trump increased military spending in FY 2021 to $933 billion. That includes three components:
What's left of the $4.8 trillion budgeted for FY 2021 after mandatory and military spending? Only $595 billion to pay for everything else. That includes agencies that process Social Security and other benefits. It also includes the necessary functions performed by the Justice Department and the Internal Revenue Service. You'd have to eliminate it all to make a dent in the $966 billion deficit.17
You can't reduce the deficit or debt without major cuts to defense and mandated benefits programs. Cutting waste isn't enough.
Does Trump’s Business Debt Affect His Approach to U.S. Debt?
During the 2016 campaign, Trump said in an interview with CNBC that he would "borrow, knowing that if the economy crashed, you could make a deal.”18 However, sovereign debt is different from personal debt. They can't be handled the same way.
A 2016 Fortune magazine analysis revealed Trump's business was $1.11 billion in debt.19 That includes $846 million owed on five properties. These include Trump Tower, 40 Wall Street, and 1290 Avenue of the Americas in New York. It also includes the Trump Hotel in Washington D.C. and 555 California Street in San Francisco. But the income generated by these properties easily pays their annual interest payment. In the business world, Trump's debt is reasonable.
The current U.S. debt-to-GDP ratio is 136%. That's the $26.5 trillion U.S. debt as of June 2020, divided by the $19.5 trillion nominal GDP at the end of the second quarter this year.203
The World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77%.21
So far, the high U.S. debt-to-ratio hasn't discouraged investors. America is one of the safest economies in the world and its currency is the world's reserve currency. Even during a U.S. economic crisis, investors purchase U.S. Treasurys in a flight to safety. That's one reason why interest rates plunged to historical lows in March 2020 after the coronavirus outbreak.22 Those falling interest rates meant America's debt could increase, but interest payments remain stable.
The U.S. also has a massive fixed pension expense and health insurance costs. A business can renege on these benefits, ask for bankruptcy, and weather the resulting lawsuits. A president and Congress can't cut back those costs without losing their jobs at the next election. As such, Trump's experience in handling business debt does not transfer to managing the U.S. debt.
How the National Debt 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 percentage points in economic growth, according to a World Bank analysis.21
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.
Regarding your second paragraph, my point is that this "crisis" started well before Biden became president and you want to believe POOTWH somehow didn't have a "crisis" to contend with or that his policies solved it and made it go away. Nothing can be further from the truth or reality. So, you're concerned about your kids' education due to the overwhelming of your school systems with non-native, non- English speakers? And only concerned now, 69 days into a new Administration? What exactly are the republicans proposing to do about it? What specific policies, foreign aid, border enforcement, Dreamers, etc. do they prefer to 1. stem the tide, 2. deal with those already here and 3. make immigration safer, fairer and more humane? Please don't say, "Build a Wall, that Mexico's going to pay for." Until repubs become partners in solving problems, like Obama tried to do (Obama had a multi-pronged approach and policy that gained results but guess who jettisoned it when they took office?) but they flat out refused to work with him, the problem won't be solved and you'll be whining about a dem POTUS, in office 69 days to solve a problem the POOTWH didn't solve in 4 years and hasn't been dealt with, in any substantive way, since 1986. Since Tejas doesn't seem to take the national calamity of Covid seriously, why the fuck should I take Tejas' immigration "crisis" seriously?
To my second bold in your post, how do you know Biden isn't doing anything about it? He appointed VP Harris to take point on it. Mike the Pencil took point on covid response, is that your concern? Just because President Biden isn't stepping out in front of a mic, snapping his suit jacket and disparaging our neighbors to the south, doesn't mean he's "not doing anything about it."
To my third bold of your post, studies have shown that migrant children, while starting out slow and taking time to catch up, eventually outperform native born kids in standardized testing, high school graduation rates and acceptance to college. I'll let you post the crime statistics.
Tell me, how is it the most richest, powerful nation on earth can't solve this problem? Because YOU don't want to pay for it and only want to use it as a fear mongering political ploy. Maybe Tejas should increase their sales and gas tax, call it the immigrant avoidance tax and enforce their own damn border? Just a thought.
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Are kids these days getting lazy and don't want to work?
or
Is there no work for kids these days?
Life when we were younger was much different I know. I had a paper route, worked landscaping in the summer and had a stock boy job at the local deli. 3 jobs that I do not see kids doing anymore.
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Brilliantati©
I will say that where I live, kids still work many/most of the jobs mentioned (and similar jobs) -- and they still suck at it.
I’m always a little nervous taking my vehicle to get work done because of my experience there.
As far as kids not needing to work, is that a good idea to teach kids? Do parents not make their progeny earn things anymore?
After all they are too busy with video games and texting to hold down a job or do home chores.
Apparently this is a mostly uniquely American problem.
In other countries kids do chores, have jobs, respect their elders and parents.
Edit: G. Faxxxi Libbie, how many unfulfilled jobs was that?
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--https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401
President Trump's Impact on the National Debt
The national debt has increased by almost 36% since Trump took office
During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1 Instead, his budget estimates showed that he would actually add at least $8.3 trillion, increasing the U.S. debt to $28.5 trillion by 2025.2 However, the national debt may reach that figure much sooner. When President Trump took office in January 2017, the national debt stood at $19.9 trillion. In October 2020, the national debt reached a new high of $27 trillion.
The total amount that President Trump contributes to the national debt will probably be higher once the impact of the COVID-19 pandemic is realized.
Key Takeaways
How Has the National Debt Increased Since Trump Took Office?
At first, it seemed Trump was lowering the debt. It fell $102 billion in the first six months after Trump took office. On January 20, 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 Sept. 8, 2017, Trump signed a bill increasing the debt ceiling.4 Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On Feb. 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019.5 By February 2019, the total national debt was at $22 trillion. In July 2019, Trump suspended the debt ceiling until after the 2020 presidential election.6 On Oct. 1, 2020, the debt hit a new record of $27 trillion.3
Trump has overseen the fastest increase in the debt of any president—almost 36% from 2017 to 2020. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.
Will President Trump Reduce the National Debt?
Trump promised two strategies to reduce U.S. debt before taking office:
Increase Growth
While on the campaign trail, Trump promised to grow the economy by 4% to 6% annually to increase tax revenues.78
Once in office, Trump lowered his growth estimates to between 2% and 3%.9 These more realistic projections are within the 2% to 3% healthy growth rate.10 When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors and they could create a boom-bust cycle that ends in a recession.
President Trump had also promised to achieve between 2% and 4% growth with tax cuts. The Tax Cuts and Jobs Act cut the corporate tax rate from 35% to 21% beginning in 2018.11 The top individual income tax rate dropped to 37%. It doubled the standard deduction and eliminated personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.12
Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the Laffer curve, tax cuts only do that when the rates were above 50%. It worked during the Reagan administration because the highest tax rate was 70%.13
Eliminate Wasteful Federal Spending
Trump’s second strategy was to eliminate waste and redundancy in federal spending.14 He demonstrated this cost-consciousness during his campaign, such as when he used his Twitter account and rallies instead of expensive television ads.
Trump was right that there is waste in federal spending. The problem isn't finding it—both Presidents Bush and Obama did that. The problem is in cutting it.15 Each program has a constituency that lobbies Congress. Eliminating these benefits may lose voters and contributors. Congressional representatives may agree to cut spending in someone else’s district, but resist doing so in their own.
Any president must cut into the biggest programs to make a real impact on the national debt.
More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2021, Social Security benefits cost $1.2 trillion, Medicare cost $722 billion, and Medicaid cost $448 billion. The interest on the debt is $378 billion.
To lower the debt, military spending must also be cut because it's such a large portion of the budget. Instead, Trump increased military spending in FY 2021 to $933 billion. That includes three components:
What's left of the $4.8 trillion budgeted for FY 2021 after mandatory and military spending? Only $595 billion to pay for everything else. That includes agencies that process Social Security and other benefits. It also includes the necessary functions performed by the Justice Department and the Internal Revenue Service. You'd have to eliminate it all to make a dent in the $966 billion deficit.17
You can't reduce the deficit or debt without major cuts to defense and mandated benefits programs. Cutting waste isn't enough.
Does Trump’s Business Debt Affect His Approach to U.S. Debt?
During the 2016 campaign, Trump said in an interview with CNBC that he would "borrow, knowing that if the economy crashed, you could make a deal.”18 However, sovereign debt is different from personal debt. They can't be handled the same way.
A 2016 Fortune magazine analysis revealed Trump's business was $1.11 billion in debt.19 That includes $846 million owed on five properties. These include Trump Tower, 40 Wall Street, and 1290 Avenue of the Americas in New York. It also includes the Trump Hotel in Washington D.C. and 555 California Street in San Francisco. But the income generated by these properties easily pays their annual interest payment. In the business world, Trump's debt is reasonable.
The current U.S. debt-to-GDP ratio is 136%. That's the $26.5 trillion U.S. debt as of June 2020, divided by the $19.5 trillion nominal GDP at the end of the second quarter this year.203
The World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77%.21
So far, the high U.S. debt-to-ratio hasn't discouraged investors. America is one of the safest economies in the world and its currency is the world's reserve currency. Even during a U.S. economic crisis, investors purchase U.S. Treasurys in a flight to safety. That's one reason why interest rates plunged to historical lows in March 2020 after the coronavirus outbreak.22 Those falling interest rates meant America's debt could increase, but interest payments remain stable.
The U.S. also has a massive fixed pension expense and health insurance costs. A business can renege on these benefits, ask for bankruptcy, and weather the resulting lawsuits. A president and Congress can't cut back those costs without losing their jobs at the next election. As such, Trump's experience in handling business debt does not transfer to managing the U.S. debt.
How the National Debt 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 percentage points in economic growth, according to a World Bank analysis.21
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.
lol yes I know the crisis is still raging and it seems like it’s worse but I have to believe that this administration will do a better job at trying to protect children!