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” TONIGHT: President Trump addresses the nation, as he answers his critics and sets the course for our country. Bret Baier and Martha MacCallum anchor our special State of the Union coverage, starting at 8:55p ET — All part of #Democracy2020 on Fox News Channel.“

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This is all I will say on the subject. Let's be honest, they didn't exactly have an easy choice. Liar vs. Liar is a pretty accurate way to frame it. They made their choice but were deeply divided in d

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Pete Buttigieg In the lead leaving Iowa.

Just what the Democrats need  😂😜😜 Another controversial candidate.

Question is....is the US ready for an openly gay president?

The tweets should get interesting as the months progress. I wonder what his nickname will be.? The possibilities are endless.

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https://www.bbc.com/news/world-51381015

State of the Union 2020: Donald Trump claims fact-checked

 

Claim: "I am thrilled to report to you tonight that our economy is the best it has ever been."

Reality Check: It's true the economy has been doing well during Mr Trump's presidency - but there have been times when it was even stronger.

During President Trump's administration, the annual rate of growth of gross domestic product (GDP) - the value of goods and services in the economy - has been between 2% and 3%.

But under President Clinton, the annual growth rate was higher - reaching over 4%.

And if you look at quarterly GDP growth, under President Obama it peaked at 5.5% during 2014. That's not been matched during Mr Trump's term.

There were also periods of economic expansion in the 1950s and 1960s when GDP growth was even higher.

   

Claim: "We have created seven million jobs...and the unemployment rate is the lowest in half a century."

Reality Check: Since Mr Trump took office in January 2017, almost 6.7 million jobs have been added. Jobs have been added every month dating back to October 2010, when President Obama was in office.

The unemployment rate for December was 3.5%. This is the lowest level in 50 years - it last dropped to 3.5% in December 1969.

US unemployment rate

 
 
Source: US Bureau of Labor Statistics

 

Claim: "The unemployment rate for African Americans, Hispanic Americans and Asian Americans has reached the lowest levels in history."

Reality Check: The African American and Hispanic American unemployment rate hit 5.5% and 3.9% respectively in September 2019 - the lowest rates recorded since the US Labor Department started collecting these statistics in the 1970s.

The unemployment rate for both of these groups has risen slightly since September, currently sitting at 5.9% for African Americans and 4.2% for Hispanic Americans.

Asian American unemployment is currently 2.5%, the same level as December 2006, after reaching a record low of 2.1% earlier in the year. However these records only date back to 2003.

However, there remains a disparity in weekly wages between racial groups in the US. Black men on average earn 26% less than white men and the disparity between Hispanic men and white men is wider still, according to the latest official statistics.

 
 
Media captionRepublicans chant "four more years" - the president hopes a strong economy will win him re-election.

Claim: "I've also made an iron-clad pledge to American families we will always protect patients with pre-existing conditions."

Reality Check: This is not true - Mr Trump may say he's made this pledge but his actions don't support this.

Protections for patients with pre-existing conditions were introduced under President Obama in the Affordable Care Act. The law prohibits health insurance companies refusing coverage to people who already have health problems when applying for insurance. These rules came into effect on 1 January 2014.

But President Trump stood on a manifesto that promised to roll back the law enshrining these protections, known as Obamacare.

One of Mr Trump's first actions in office was signing an executive order stating that his administration's official policy was "to seek the prompt repeal" of the Affordable Care Act. He also supported a lawsuit seeking to have the Act declared unconstitutional.

Claim: "Last year, for the first time in 51 years, the cost of prescription drugs actually went down".

Reality Check: In the year to May 2019, the average monthly cost of prescription drugs fell by 0.2% according to the Bureau of Labour Statistics' Consumer Price Index (CPI), which measures the increase in the cost of household items in the US.

This is the first price decrease over a 12-month period since 1973, some 47 years ago.

But this may not be the most reliable way to measure drug prices according to Inma Hernandez, a pharmacy lecturer at the University of Pittsburgh.

"The CPI is based on a basket of drugs which is representative of popular drugs. So it tends to include widely-used drugs, which are usually cheaper," she says.

"However, it is less likely to include newer or less-prescribed drugs, which are more expensive and have higher price increases."

Expenditure on pharmaceuticals

US dollars per capita (2015)

 
 
Source: OECD

 

Claim: "Illegal crossings are down 75% since May - dropping eight straight months in a row."

Reality Check: President Trump was talking here about his efforts to tackle illegal immigration across the US-Mexico border. He's correct about this specific period in 2019.

The crossings are measured by the number of people apprehended by US authorities trying to enter the US illegally

Apprehensions have fallen by around 75% since May, when more than 130,000 people were apprehended at the southern border.

This was the highest number of monthly apprehensions since March 2006.

And during Mr Trump's presidency (2017-2019) apprehensions at the southern border have risen sharply (which may be as a result of tougher enforcement) and apprehensions last year were the highest annual total since 2007.

Illegal immigrant apprehensions

 
 

US financial years

Source: United States Border Patrol

 

Claim: "After losing 60,000 factories under the previous two administrations, America has now gained 12,000 new factories".

Reality Check: There were 54,000 fewer "private manufacturing establishments" (factories) at the end of 2016 compared with the start of 2001, according to the US Bureau of Labor Statistics.

In terms of the gains under Mr Trump's presidency, the most recent Bureau of Labor figures show that in the second quarter of 2019, there were roughly 12,000 more factories than when President Trump took office in 2017.

But many of these are small businesses, with fewer than five employees.

The number of factories overall started to increase in 2013, during the Obama administration.

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Fighting yesterday’s battles today is not a recipe for future success. And wasn’t that whole border thing just a manufactured crisis?

The Democratic dilemma (as I see it) is this…. even if you convince people that the economy is weak, the job numbers are low, manufacturing is in the toilet and illegal border crossings are out of control (good luck with that BTW), the Democratic plan to fix things sounds more like a demolition derby than it does a tune up. That’s a problem….

Just take one thing…. answer one question in the form of an opinion because I won’t read your link to someone else’s. How does open borders, disbanding ice, free medical, dental, tuition, housing and a guaranteed yearly income reduce illegal immigration. I'll even accept how it will be paid for if the solution doesn't include a reference to tax the wealthy.... I haven't seen that one work well in the past.

If that’s too much for a quick reply, I’ll settle for a simplified version…. why hasn’t California already done these things?

 

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2 hours ago, deicer said:

I watched it, checked the fact checkers afterwards, and just have a different opinion.

I've attempted to draw out that opinion for an extended period of time now, to no avail. It's fine to be "anti Trump," lots of people are. The reality is that if you are anti Trump, you (by default) support the Democrat's platform. If that's true, you must have opinions in support of that platform, no? Isn't the value of this forum in the exchange of opinions? It certainly is for me. Without that you only have memes and a war of links.... I'm interested in neither. 

The unwillingness of Democrat and Liberal supporters to defend their views worries me. T-shirt slogans don't help, we have one of those T-shirt shops in the mall here where you can get anything imprinted on it that you like. I'm going to get one that says "how do you want to pay for this?" I think it's a reasonable question. An even more pertinent question is "are you willing to?" I had a few such discussions with relatives in Ontario in advance of the Green Energy Plan and I asked those very questions. All they had on offer was the notion that green energy was cheap energy and it would create hundreds of thousands of new jobs. We know how that turned out. It's a wonder to me that deficits in Ontario aren't larger than they currently are because the cost of extracting tax payers from the madness is significant.

To me, links to other people's opinions count for little.... even I can do that. And, I don't think tearing up speeches in the throws of a hissy fit is what voters are looking for either. They have failed to calculate PNR, I'm not sure how you fix this now....

At this very moment on CNN, there is a headline caption that states "Pelosi Pulls Move Right From Trump's Play Book." Here's the rub though, that's not what reasonable, moderate people are actually looking for.... you get that, right? It's not how you gain supporters, it's how you lose them.

Edited by Wolfhunter
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Not a 'never Trumper', I just don't like the man because of his history of being a con artist and serial bankruptcy abuser.

He's a fake and a fraud that only got where he is because of daddy's money, and he has brought that style into the White House.

If you want to go over the fact checking I provided, we can discuss the facts that what he is doing to the U.S. really isn't good for anyone but the 1%.  That's his true audience, isn't it?

The fact that he's loved by the hard core right wing is a bonus.

It would also be appreciated if you did post links to other people's opinions, as then,  if you show your work, we can see where your opinion is developed and we can discuss the legitimacy of both our positions.

 

 

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I do not like Trump but he does beat the hell our of our "Rich Guy" who pretends to be looking after "Middle Class" Canadians.  Both however, are the result of the right we have to vote and of course the voting laws of the countries

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9 minutes ago, deicer said:

It would also be appreciated if you did post links to other people's opinions,

My opinions are my own.  Finding links to people who share them proves little except that they agree with me. Opinions either have merit or they don't. 

Isn't that what opinion forums are about, have I come to the wrong place?

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16 minutes ago, Marshall said:

I do not like Trump but he does beat the hell our of.....

Virtually everyone else on offer!

That's been my point all along. How bloody simple is it to win this? JUST DON'T BE CRAZY..... that's about it. I stand in awe....

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32 minutes ago, Marshall said:

I do not like Trump but he does beat the hell our of our "Rich Guy" who pretends to be looking after "Middle Class" Canadians.  Both however, are the result of the right we have to vote and of course the voting laws of the countries

Listened to a great news cast today on Fox. It looks like the Democrats (who swear they hate the rich)  have a plan to help one of the richest , Michael Bloomberg, move into the top seat of their hate parade. If they weren’t such Hypocrites it would be comical.

The wheels on the bus go round and round. ...SSDD. The only difference is the colour of the bus. For the Left it’s usually short and yellow.

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20 minutes ago, Wolfhunter said:

Virtually everyone else on offer!

That's been my point all along. How bloody simple is it to win this? JUST DON'T BE CRAZY..... that's about it. I stand in awe....

If that is what you stand in awe of, celebrate what he has accomplished then.  Because if this is what you deem fiscal responsibility, I will stick with the 'loony left' then.

https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1 Instead, his budgets would add $9.1 trillion during that time. It would increase the U.S. debt to $29 trillion according to Trump's budget estimates.2

Trump’s Two Strategies to Reduce the Debt

Candidate Trump had two strategies to reduce the U.S. debt. He promised to grow the economy 6% annually to increase tax revenues. But once in office, he lowered his growth estimate to 3.5% to 4%.

These projections are above the 2%-3% healthy growth rate. When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors. They create a boom-bust cycle that ends in a recession. Trump’s Fiscal Year 2020 budget lowered annual growth rates down to between 2.4% and 2.9% annually.

Trump promised to achieve 4% growth with tax cuts. In his first 100 days, he released the outline of what would become the Tax Cuts and Jobs Act. It cut the corporate tax rate from 35% to 21% beginning in 2018. The top individual income tax rate drops to 37%. It doubles the standard deduction and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.

 

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%.

Trump’s second strategy is to “eliminate waste and redundancy in federal spending.” He demonstrated cost-consciousness in his campaign. He used his Twitter account and rallies instead of expensive television ads. He outlined his cost-cutting strategies in his book, "The Art of the Deal."3

 
 

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.4 Each program has a constituency that lobbies Congress. Eliminating these benefits loses voters and contributors. Congress will agree to cut spending in someone else’s district, but not in their own.

Any president must cut into the biggest programs to make an impact on the debt. More than two-thirds of government spending goes to mandatory obligations made by previous Acts of Congress. For FY 2020, Social Security benefits cost $1 trillion a year, Medicare costs $679 billion, and Medicaid costs $418 billion. The interest on the debt is $479 billion. 

To lower the debt, military spending must also be cut. The most Obama spent was $855 billion in FY 2011. The most Bush spent was $666 billion in FY 2008. Instead of cutting, Trump is breaking all those records. Military spending rose to $989 billion in FY 2020.

What's left after mandatory and military spending? Only $676 billion to pay for everything else. That includes agencies that process the 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 $1.1 trillion deficit. You can't reduce the deficit or debt without major cuts to defense and mandated benefit programs. Cutting waste isn't enough.

 

Trump’s Business Debt Influences His Approach to U.S. Debt

Trump has a cavalier attitude about the nation’s debt load. During the campaign, he said the nation could "borrow knowing that if the economy crashed, you could make a deal.”5 He added, “The United States will never default because you can print the money." 

 

Trump thinks about the national debt as he does personal debt. A 2016 Fortune magazine analysis revealed Trump's business is $1.11 billion in debt.6 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.

 

But sovereign debt is different. 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%. The U.S. ratio is 104%. That's the $21.516 trillion U.S. debt as of September 28, 2018, divided by the $20.658 trillion nominal GDP.7

 

On February 11, 2019, the U.S. debt exceeded $22 trillion. That puts the U.S. debt-to-GDP ratio at 108%.

So far, this high ratio hasn't discouraged investors. America is the safest economy in the world. It has the largest free market economy 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 200-year lows after the financial crisis. Those falling interest rates meant America's debt could increase, but interest payments remained stable at around $266 billion. 

 

But that changed in late 2016. Interest rates began rising as the economy improved. As a result, interest on the nation's debt will double in four years.

 

The United States also has a massive fixed pension expense and health insurance costs. A business can renege on these benefits, ask for bankruptcy, and weather the resultant 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. 

 

Trump is wrong to assume that the United States could simply print money to pay off the debt.8 It would send the dollar into decline and create hyperinflation. Interest rates would rise as creditors lost faith in U.S. Treasurys. That would create a recession. He's also wrong in thinking that he could make a deal with our lenders if the U.S. economy crashed. There would be no lenders left. It would send the dollar into a collapse. The entire world would plummet into another Great Depression

 

National Debt 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.9 On January 20th, the day Trump was inaugurated, the debt was $19.9 trillion. On July 30, it was $19.8 trillion. But it was not because of anything he did. Instead, it was because of the federal debt ceiling.

 

On September 8, 2017, Trump signed a bill increasing the debt ceiling. Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019.10 It was $22 trillion. In just two years,Trump has overseen the fastest dollar increase in the debt of any president.

 

Trump's Fiscal Year 2020 budget projects the debt would increase $5 trillion during his first term.11 That's as much as Obama added while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.

 

2019 may be seeing the national deficit exceeding $1 trillion. This could be the result of Trump’s $1.5 trillion tax cuts done in 2017. These cuts are a loss to government revenues. When the national deficit increases, the government needs to borrow more since its income cannot cover its expenditures. Such action increases sovereign debt. 12

 

How It Affects You

The national debt doesn't affect you directly until it reaches a tipping point.13 A study by the World Bank found that if 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 1.7% in economic growth.

The first sign of trouble is when interest rates start to rise significantly. Investors need a higher return to offset the greater perceived risk. They start to doubt that the debt can be paid off.

 

The second sign is that the U.S. dollar loses value. You will notice that as inflation. 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. 

 

The Bottom Line

Contrary to President Trump’s campaign promise to eliminate national debt in eight years, his strategies for tackling it have actually added to U.S. debt and deficit, considerably. These strategies, which have proven unsuccessful, include:

 
  • Tax cuts – These substantially decreased government income.
  • Federal spending cuts – There was a failure to significantly cut expenses in mandatory and military programs, where such would actually make a difference in lowering national debt.
 

The considerable addition to U.S. debt may also be attributed to Trump’s perception of the national debt in which he:

 
  • Likens sovereign debt to business debt.
  • Assumes that the United States can just print money.
 

U.S. national debt passed the $22 trillion mark, the highest in U.S. history, on February 11, 2019.14 Current U.S. debt-to-GDP ratio is exceedingly over the red-lined 77% tipping point at 108%.

 

The Congressional Budget Office expects the national deficit to start topping $1 trillion in 2022. At the current fiscal year 2019, it is estimated at $900 billion.

 

The Trump administration maintains that economic growth will pay for the added obligations. So far, the gains in GDP have not caught up with the added burdens to U.S. debt and deficit.15

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32 minutes ago, deicer said:

I will stick with the 'loony left' then.

So how's that working for ya?.

Do you want to be right or do you want to win? Does California stand as a model to be emulated across the country?

After you (they/them) win, they can show all of us how it's done. But to get there, they have to appear sane. If the California model was working, and not teetering on the brink of the abyss, I might support some of their other initiatives.

So, if you are worried about fiscal responsibility, consider the cost of those things being floated by the 2020 contenders and don't fall into the trap of thinking the 1% will pay. How's that one been working for ya to date. I bet it's been about as effective as "trimming the fat."

The only question people should be asking themselves is "what am I willing to pay?" Not deciding is a decision to increase the debt. Wanting more while lowering taxes and STILL not being willing to pay has a similar effect. Try it at home. Life is short.... buy the boat.

PS. I actually found an author who shares my opinion:

https://peelerassociates.com/do-you-want-to-be-right-or-do-you-want-to-win/

Edited by Wolfhunter
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2 hours ago, Wolfhunter said:

I've attempted to draw out that opinion for an extended period of time now, to no avail. It's fine to be "anti Trump," lots of people are. The reality is that if you are anti Trump, you (by default) support the Democrat's platform. If that's true, you must have opinions in support of that platform, no? Isn't the value of this forum in the exchange of opinions? It certainly is for me. Without that you only have memes and a war of links.... I'm interested in neither. 

The unwillingness of Democrat and Liberal supporters to defend their views worries me. T-shirt slogans don't help, we have one of those T-shirt shops in the mall here where you can get anything imprinted on it that you like. I'm going to get one that says "how do you want to pay for this?" I think it's a reasonable question. An even more pertinent question is "are you willing to?" I had a few such discussions with relatives in Ontario in advance of the Green Energy Plan and I asked those very questions. All they had on offer was the notion that green energy was cheap energy and it would create hundreds of thousands of new jobs. We know how that turned out. It's a wonder to me that deficits in Ontario aren't larger than they currently are because the cost of extracting tax payers from the madness is significant.

To me, links to other people's opinions count for little.... even I can do that. And, I don't think tearing up speeches in the throws of a hissy fit is what voters are looking for either. They have failed to calculate PNR, I'm not sure how you fix this now....

At this very moment on CNN, there is a headline caption that states "Pelosi Pulls Move Right From Trump's Play Book." Here's the rub though, that's not what reasonable, moderate people are actually looking for.... you get that, right? It's not how you gain supporters, it's how you lose them.

Not True.  I do not support Trump.  I also do not support the Democrats.  This is why a 2 party system is and will be a dismal failure.  Familiarty breeds contempt.  Both parties are so far apart that nothing either one does will move the country forward.  All that can and will happen is a constant battle of each party undoing what the other party did (should they ever get elected).  We are witnessing the fall of america.  Like it or not, immense prosperity comes before the fall.  The systems is corrupt because the people running it are corrupt. This is where out and out capitalism will fail leaving 98% say what the heck happened while the remaining 2% bask in the glory of a major depression.

The blind will continue on their thinking all is rosy, right up to the collapse.  It's like watching a train wreck in slow motion that no one else can see.

Good luck and god Speed.

 

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1 hour ago, Marshall said:

I do not like Trump but he does beat the hell our of our "Rich Guy" who pretends to be looking after "Middle Class" Canadians.  Both however, are the result of the right we have to vote and of course the voting laws of the countries

We Canadians as a group are just sheep.  We have willingly given away our power to a corrupt government time and time again but will never fight to get that power back.

If you aren't going to fight you can't complain.

 

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