Budget Deficit Sees Unprecedented Surge Under Trump | Morning Joe | MSNBC

Budget Deficit Sees Unprecedented Surge Under Trump | Morning Joe | MSNBC 1

 

The final tally for the budget deficit in fiscal 2020 came to $3.13 trillion, more than triple last year’s shortfall of $984 billion. Steve Rattner joins Morning Joe with charts to discuss. Aired on 10/19/2020.
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Budget Deficit Sees Unprecedented Surge Under Trump | Morning Joe | MSNBC

98 Comments on "Budget Deficit Sees Unprecedented Surge Under Trump | Morning Joe | MSNBC"

  1. Free money for the rich, while Trump supporters are happy with the few bucks they got from their hero, Cadet Bonespurs.

  2. Sir Gerbil Macintosh | October 19, 2020 at 9:07 AM | Reply

    I watch Fox News quite a bit, and they would always have this real time debt counter thing on the screen during Obama’s Presidency. Literally, have not seen it one time since Trump became president. Not once.

    • Lemmings gotta Go | October 19, 2020 at 6:04 PM | Reply

      @Parris Price they been doing it since a 70’s think tank idea ” the two santas theory” . It’s googleable

    • Lemmings gotta Go | October 19, 2020 at 6:07 PM | Reply

      @Erica Jenkins republicans spend like crazy to help the economy when in power , then gripe we are too broke to enable any democrat proposals. Developed in the 70’s by republican think tank, Google ” the two santas theory ” to understand our massive debt

    • @Erica Jenkins Don’t forget line their own pockets.

    • And of course Fox news is fair and impartial to everybody and all alike!

    • Oh my lord! You think Fox news is going to put anything on the screen that is negative about Donald trump??!!

  3. Trump boasts of creating the greatest economy ever, yet any fool can do that by mortgaging America’s future.

    • @maxglide That is also false that they want you to believe and they trick you for power. Democrats do not perform better with economy. You have to compare apples to apples when it comes to the economy that encountered similar conditions in order to have a good “test.” Same goes with science. High taxes and regulation stunts growth and innovation. Both Obama and Reagan encountered similar recessions. They both encountered 10% unemployment. They did the exact opposite of each other. Obama had 2% GDP growth. Reagan had above 4.5% GDP growth. Obama was the first president ever have an economic recovery where not a single year of the economy grew at least 3%. Slowest recovery since Great Depression. They trick you into believing that. Look at what is happening in California and New York because of liberal policies. Jobs are slow to come by due to high taxes and regulations and they are leaving the state. That is another example but at a state level. That is why manufacturing jobs went overseas in Obama admin.

    • NonPartisan DeathCult | October 19, 2020 at 1:26 PM | Reply

      Bury your guns my friends…This country is coming apart. The experiment is over. South Africa here we come.

    • @clarkb91 wrong, Obama had balanced budgets!

    • @M Reid Do research and follow the facts. That is far from the case. Don’t you remember national debt skyrocketing under Obama. It was heavily reported. He did not have “balanced budgets” and increased deficit spending 58%. Give me proof to support your claim.

    • @clarkb91 actually you are partly correct that I was mistaken for a balanced budget under Obama. It was not balanced but it was much more close to balanced.

      I happened to see today the deficit under trump went in almost a vertical long line. I will get you figures this should be good 😆😆😆

  4. Remember Trump calling himself the KING OF DEBT?

    You should have believed him … 🙄

  5. Donald Trump is stealing American tax payers money.

  6. Deborah Husted | October 19, 2020 at 9:14 AM | Reply

    We must vote in record numbers to take our country back

  7. What’s worse is their spending and tax cuts are in all the wrong places.

    • @Moonlocket He’s a thief. He’s skimming right now. He’s never been successful in business.

    • @Moonlocket Right now he has the AG in his pocket. Eventually Justice will be served. It does compromise our US Safety but that bunch could care less obviously.

    • @Terry G yeah. There should be some actual qualifications to be the President.

    • Kathryn Tokarska | October 19, 2020 at 5:28 PM | Reply

      @Jennifer Hart not same thing, fed gov issues money, businesses and individuals are currency users, huge mistake to apply household budget or business budget to a federal gov budget, macroeconomic impacts

    • Kathryn Tokarska | October 19, 2020 at 5:30 PM | Reply

      @Jennifer Hart country would be in trouble if it lacked real resources: insufficient minerals, energy, labor, water, time, etc money is how resources get moved around, only wealthy with respect to what resources money can buy, money itself has value becausr taxation creates demand for it

  8. If they were his friend before, no longer. Along with everyone who meets him. You either get rubbished or put in jail.

    • ELEANOR MEDINA | October 19, 2020 at 11:37 AM | Reply

      The constitution is up for grabs.Myself born here for thousands of years . Russia was killing thier own peoples.So many rich countries (oil) put a mirror in front of your own face without makeup. This president is a Russian asset .I will not let this treasonous president destroy my future generations..My family matters.

    • …or catch Covid from him.

  9. America is such a confusing place where up is down and down is up.
    That BS would drive me crazy if I lived there.

    • @Doctor Trump for authoritarianism? It’s up there. But the US is catching up quick.

    • @Matt O’Byrne

      Umm, yes. Most of us agree with you, and I promise that we will do our darndest to correct the situation at the election on Nov. 3. A lot of us have already voted. We are very motivated.

    • @Terry G YES, PLEASE VOTE! (for the sane one)

    • @Doctor Trump Doctor Trump? lol What does that name mean? Are you Trump’s doctor? That would be a good thing because that guy needs some serious fixing!

    • @Matt O’Byrne But how do you change the 40% of Americans who worship Trump? They are not going away and I don’t know how America deals with all those very angry people. That’s what I fear even more than Trump because after Trump is long gone, what will happen to the Trump followers? Will they become more radical/extreme and move on to someone even more insane or evil? How will this insanity all end?
      (after Trump is gone)

  10. Ronan Brodrick | October 19, 2020 at 9:22 AM | Reply

    Criminal Indictments by Administration

    Donald Trump (so far) — 215
    Richard Nixon — 76
    George W. Bush — 16
    Bill Clinton — 2
    Jimmy Carter — 1
    Barack Obama — 0
    ..

    • Zero indictments under Obama presidency must be a pain in someone’s side, hence the hatred for the former president. Upbringing and intelligence are vital in leadership.

    • @brian231 Lets add it up trump has 3 campaign mangers who has been already Locked up 14 of his closest aides, donors & colleagues are indicated or imprisoned yup Biden def has A longgg way to go to catch Tht obviously somebody was giving out orders from the top O he is 421mill in the hole that I’m sure the American people will magically pay for his lawyer has been Locked up too 215 indictments smh shall I keep going? I guess it’s safe to say NONE of this is patriotic or is it?🤔

    • @Bill Foster 🗣preach!

    • @John Thomas Trump will NEVER be close to Obama y’all just gotta live&die with Tht one if he was so corrupt why isn’t ANY of his people locked up yet? Lol but Trump on the other Hand ..215 indictments 🤣🤣🗣come on

    • @Dorah Chizu pure truth! If Trump was half the President as Obama he’ll be Jesus Christ in the flesh to these people 🤣🤣Trump vs obama arguments are a just a waste of time lol

  11. Donald Trump, Moscow Mitch, Lindsey Graham are America’s biggest mistake!

  12. Donald Trump, Moscow Mitch, Lindsey Graham are America’s biggest mistake!

    • GOP=GREED OVER PEOPLE

    • @Art K False, wishful thinking, and incompetence is all you offer in that statement.
      1. Zero proof of cheating, zero
      2. You mustn’t realize the power of Congress and what options they have
      3. Your only hope is to re-regurgitate falsehoods to an overwhelming majority of people who already voted Biden? That’s sad.
      4. The only chances trump feels he has is to pack the court himself. Funny thing is though, there is zero evidence of mail-in voting fraud. D.O.J, C.I.A, and the F.B.I. have proven that it is false.
      Trump is fired.
      Biden 2020 and 2024.

    • @Randy Watson Corrupt?! And you vote for Trump!? Hahahahahahahahaha…. Hahahahahaha.
      You’re dumb.
      Biden 2020 and 2024.

    • @Bat Boy Hopefully Joe will demolish the electoral college and make it disappear.

    • Louie Marinda Jr. | October 19, 2020 at 7:41 PM | Reply

      CORRECT 👍🏽

  13. Facts… Republicans run the Country in the ground everytime they’re in Power!!

    • Agreed, but GOP says they will leave the country. They made the same excuse in 1994 when Clinton raised the minimum wage. Did leave? No. What followed was the greatest upturn in in the economy in US history

  14. Seems the Budget Deficit only mattered when the President was black.

    • NOBRAG JUSTFACT | October 19, 2020 at 1:31 PM | Reply

      @Joe P When Obamacare kicked in anybody who had over 40 full time employees were required to provide health care for them!! Many people got their hours cut back to part time and to make up the difference companies would hire more part time workers to fill the gaps!! I knew many people personally who were affected by this!! That was the only uptick in hiring under Obama!! Part time jobs that didn’t pay crap and people losing hours!! You libturds have selective memory!! Trump cut taxes and regulations on businesses and corporations and renegotiated NAFTA and CAFTA and GATT and stopped the TPP and Paris climate accord and created the largest economic recovery in history!! People got their hours back to full time and corporations started coming back to America and unemployment reached record lows for many and lowest unemployment rates in American history for all!! You can believe what you want but Trump is the one responsible for this recovery not Obama!!

    • Sunil Sivanand | October 19, 2020 at 1:53 PM | Reply

      @hiiamrick The only difference is that it has moved from billions to trillions! God help the future generations who have to find ways to repay the debt, if ever it gets done!

    • @Brigid I have no problems. The poor and Democrats do. The poor have voted Democrat for 60 years and guess what. They are still poor!!!! Hahahahaha

    • @Sunil Sivanand HEY, i KNOW! You know states have lotteries that raises billions. Why not a National lottery? It is that simple!!!

    • At a time when he was trying to fix the mess left by Bush.

  15. The billionaires need to pay more in taxes to pay down the deficit.

  16. Junior Campbell | October 19, 2020 at 9:53 AM | Reply

    DJT is not a socialist he just gave the money away to the wealthy

  17. He’s bankrupted how many companies? He’s doing the same to USA.

  18. Hampar Turfanda | October 19, 2020 at 10:40 AM | Reply

    Donald Trump claims that he is not a politician, to me he’s nothing but a snake oil salesman .

    • Hampar Turfanda | October 19, 2020 at 4:52 PM | Reply

      @Liam Spires 10 Trillion is like 30 thousand dollars for each and every American . Which stands at about 335 million, Donald Trump’s debt about 8 Trillion in 4 years,good business there.

    • @Hampar Turfanda so many skyscrapers and houses and towns have been built in the last 220 years, trump spends the same and theres essentially nothing new. No one even knows any better, lol.

    • UR8UP2 JABBERWOCKY | October 19, 2020 at 5:06 PM | Reply

      AS RON WHITE SAYS, “YOU CAN’T FIX STUPID” DEM STUPID SHEEPLE!

    • @hampar. Trump? Snake oil salesmen? Better say top mafia boss.

    • Hampar Turfanda | October 19, 2020 at 7:45 PM | Reply

      @Milan Svátek he sure knows how to act slick, the most slickest in history, u think he’s going to slither he’s way out of his Tax returns remember Al Capone.

  19. “Republicans spending like a drunken SOCIALIST.”

  20. Trump is not going to just destroy our democracy, he’s going to bankrupt the government like he did six of his companies.

    • Six companies that we know of .

    • @Mike Doonesbury The good news is that nobody is listening to Trump without thinking there is a 90% chance he’s lying. The bad news is that many people are not aware that Biden actually has accomplished things.

      I’m especially grateful to Joe because I was in Iraq using the un-armored Hummvee and we had a lot of casualties; later, in Afghanistan I saw the first MRAPs arrive and they were a game changer that saved a lot of lives.

      One of my friends got blown up in an MRAP in Iraq and he survived; had it been a Hummvee he and his crew would have died.

    • AND A CASINO!!!

    • @Jo John Ivan come on, you can do better then that. Hahaha

    • William Daniels | October 19, 2020 at 10:57 PM | Reply

      I been saying this for four years,,, his plan is break us and become the all time leader.

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