President Trump BTFO by Judge Andrew Napolitano

Juan Reyes
Juan Reyes

Trump’s new budget is a debt bomb waiting to explode

Napolitano: Trump's budget adds up to $1 million a minute

Judge Napolitano's Chambers: Judge Andrew Napolitano explains how Trump's new spending bill will increase the deficit and what that means for our children's children.

foxnews.com/opinion/2018/02/15/judge-andrew-napolitano-trump-s-new-budget-is-debt-bomb-waiting-to-explode.html

Government produces no products that consumers are willing to pay for voluntarily, and it doesn’t sell shares of stock in its assets. It doesn’t generate wealth; it seizes it. And when it can no longer politically get away with seizing, it borrows. It borrows a great deal of money – money that it rolls over, by borrowing trillions to pay back trillions to prior lenders, and thus its debt never goes away.

Last week, after eight years of publicly complaining that then-President Barack Obama was borrowing more than $1 trillion a year to fund the government – borrowing that the Republicans silently consented to – congressional Republicans, now in control of Congress and with a friend in the Oval Office, voted to spend and hence borrow between $5 trillion and $6 trillion more than tax revenue will produce in the next three years; that’s a few trillion more than they complained about in the Obama years.

That’s borrowing $1 million a minute.

Obviously, no business or household or bank can survive very long by borrowing from Peter to pay Paul. Yet the federal government, no matter which party controls Congress or the presidency, engages in staggering borrowing – borrowing that will cripple future generations by forcing them to pay for goods and services that were consumed before they were born.

Woodrow Wilson – the father of modern-day big government – brought us into the useless battle over national borders among old European royalty called the Great War, and he financed American participation in that first world war using the new printing presses owned by the new Federal Reserve System.

The $30 billion President Wilson borrowed from the Federal Reserve and others has been rolled over and over and has never been repaid. The federal government still owes the $30 billion principal, and for that it has paid more than $15 billion in interest. Who in his right mind would pay 50 percent interest on a 100-year-old debt? Only the government.

Wilson’s $30 billion debt 100 years ago has ballooned to $20.6 trillion today. At the end of President Donald Trump’s present term – because of the Republican budget signed into law last week – the government’s debt will be about $27 trillion.

That amount is a debt bomb waiting to explode. Here’s why. Every year, the federal government collects about $2.5 trillion in revenue and spends it all. It borrows another $1.5 trillion to $2 trillion and spends it all. To avoid paying back any of the $27 trillion it will owe, the federal government will need to spend about $1 trillion a year in interest payments.

That $1 trillion is 40 percent of the revenue collected by the federal government; that’s 40 cents on every dollar in tax revenue going to interest on old debts – interest payments that are legally unavoidable by taxpayers and voters.

Will the taxpaying public tolerate this much longer? What would happen if taxpayers stopped paying taxes because 40 percent of what they've been paying has produced nothing for them? Would investors stop lending money to the government because of fear that the government could not pay them back? The Constitution requires the government to pay its debts. Would the government’s creditors acquire control of the government’s fiscal policy in order to pay themselves back? The government’s biggest creditor is one of its biggest menaces – the government of China.

Borrowing money at $1 million a minute is digging a hole out of which we will never peacefully climb. President Obama’s and President Trump’s own military and intelligence chiefs have argued that the national debt – not the Russians or the Religion of Cuck™ic State group or the North Koreans – is the greatest threat to freedom and security that we face today.

Why are Congress and President Trump not listening?

archive.is/t3tp9

Hunter Hall
Hunter Hall

America collapses and suddenly the debt is meaningless
HA what now stupid chinks?

Dylan Cook
Dylan Cook

Good. Crash this plane with no survivors. In all honestly the decadent white urbanite class or the fat moron white middle class who can't see past their weed and netflix don't deserve to be saved.

Nathan Martinez
Nathan Martinez

<Why are Congress and President Trump not listening?
Because you're a nigger cunt only talking about vague "spending spending spending" while leaving out, on purpose, because you're Fake News, that a lot of the money is going to revenue generating infrastructure and job investments that will reduce the deficit. Of course the deficit will increase when you leave out half of the equation.

Moving on to the new narrative already, eh? DACA must be doing poorly.

Joshua Scott
Joshua Scott

You don't owe debts to countries you conquer.

Jonathan Cooper
Jonathan Cooper

Trump's spending bill
Congress determines the budget, the White House can only make recommendations. So of course the bill is crammed full of corporate welfare, money fo dem programs, and other (((special interests.))) Trump admin has repeatedly told congress that the best thing they can do is not spend all of the money in the proposed budget (which will never fucking happen). When Trump got into office, he slashed budgets for several departments and ordered them to look into methods that will cut costs. Kikes have since written a law to make it illegal for his admin to cut budgets for wasteful and incompetent programs, and now it's illegal to even attempt to look at ways to reduce costs. Remember, this is all Blumpf's fault, goy.

Napolitano is right to excoriate Republicans who campaigned on a platform of balancing the budget and reducing the national debt for the last 6 years, but he is wrong for blaming Trump.

Aaron Torres
Aaron Torres

revenue generating infrastructure and job investments?
In israel? At Ft. Bragg?

Gavin Sullivan
Gavin Sullivan

From Trump's OMB director's budget press briefing on Monday.

Xavier Scott
Xavier Scott

The last bubble inflated under Bernanke and Yellen is going to burst within 6-18 months. Trump's dumb fucking economic policies of feeding ZOG's military even more cash and refusing to cut spending is just going to exacerbate/accelerate the process. The bond bubble is going to collapse, the markets are going to collapse, the private and public debt being held is going to get murdered by central banks' reactions—it's going to be a bloodbath. Neomarxists are going to crawl out of the woodwork and demand more socialism and the republicucks are left holding the grenade.
Hope you're ready anons, 128 months (the longest peak-to-peak period between US recessions) from the last peak is August 2018. This will be a time of great opportunity.

Jeremiah Rivera
Jeremiah Rivera

I'm glad your memes are so terrible.

Easton Martinez
Easton Martinez

Reported for wasting dubs on anti-trump shilling

Nathaniel Collins
Nathaniel Collins

source on law making it illegal to look into cut budgets?

Jonathan Peterson
Jonathan Peterson

WTF??,??????????????,,

IMMA KILLDAWG SHILLBOT NOW. KILLARY 2040

Daniel Adams
Daniel Adams

a debt bomb waiting to explode
Now they're concerned about debt? What about the previous twenty trillion dollars?

Hudson Richardson
Hudson Richardson

Are you unfamiliar with Andrew Napolitano?

Ryan Moore
Ryan Moore

Expecting Holla Forums to believe a luegenpresse anchor
This ain't one of your (((bunkers))), buddy.

Jackson Brown
Jackson Brown

How can such a thing even be made illegal?

Sebastian Adams
Sebastian Adams

Yes.

Camden Martin
Camden Martin

Did you think "lurk two years" was a figure of speech?

Parker Cook
Parker Cook

/reddit/index.html

James Stewart
James Stewart

I've been here for more than two years. I still don't know who the fuck this guy is.

Andrew King
Andrew King

the nose knows

Caleb Thomas
Caleb Thomas

So you're worried about running up the Debt to ourselves? The United States FEDERAL Reserve!!!!! Stfu gtfo child

Dylan Hernandez
Dylan Hernandez

Filtered.

Nathaniel White
Nathaniel White

Oh no, you mean I won't get any more of your on-liners directed at me? But you're such a great conversationalist with such an impressive insight into politics and society!

Aaron Myers
Aaron Myers

Taking our money is like annudah shoah, goy! It’s illegal to know how much shekels we spend on the destruction of you ebil nahtzees!

Lincoln Parker
Lincoln Parker

play civilization
establish trade agreement with random country
sells a bunch of luxuries for a upfront gold payment
declares war on next turn, cancelling the agreement while keeping the upfront gold payment
I feel so Jewish when doing this, I immediately start complaining about the six gorillon and having to live along with the filthy goyim.

Samuel Walker
Samuel Walker

debt

Literally nobody has cared about national debt or deficits since 1994. This isn't a libertarian seniors forum.

Evan Powell
Evan Powell

They deserves to be re-educated.

"Clean those public toilets, feed those black toddlers into a meat grinder or you won't eat tonight, you degenerate bourgeoise cuckolds!"

Source?

< 3rd pic.
Le 56% Pajeet face!

Jason Ross
Jason Ross

oy vey, I've been caught shilling a fucking jew again
better come up with something quick

Michael James
Michael James

Honestly why do you Americans not have Goods and Services tax at like 12.5 or 15% and fuel taxes?

You could literally cut away tons of income tax.

Jack Wood
Jack Wood

Kill yourself.