{"id":32208,"date":"2017-12-21T10:46:13","date_gmt":"2017-12-21T15:46:13","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=32208"},"modified":"2017-12-21T10:46:13","modified_gmt":"2017-12-21T15:46:13","slug":"when-all-else-fails-do-the-math","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=32208","title":{"rendered":"When All Else Fails, Do The Math"},"content":{"rendered":"<p>The <a class=\"zem_slink\" title=\"Democratic Party (United States)\" href=\"http:\/\/senate.gov\/\" target=\"_blank\" rel=\"homepage noopener\">Democrats<\/a> are screaming that the tax bill will add to the <a class=\"zem_slink\" title=\"Government debt\" href=\"http:\/\/en.wikipedia.org\/wiki\/Government_debt\" target=\"_blank\" rel=\"noopener wikipedia\">national debt<\/a>. It might. Or it might not&#8211;depending on the growth of the American economy unleashed by lower <a class=\"zem_slink\" title=\"Tax\" href=\"http:\/\/en.wikipedia.org\/wiki\/Tax\" target=\"_blank\" rel=\"noopener wikipedia\">taxes<\/a>. However, there are some numbers that those Democrats might want to consider before they scream too loud.<\/p>\n<p>A website called <a href=\"https:\/\/www.thebalance.com\/us-debt-by-president-by-dollar-and-percent-3306296\" target=\"_blank\" rel=\"noopener\">The Balance <\/a>posted the following and updated it earlier this month:<\/p>\n<p><a href=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/DebtUnderObama.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-32209\" src=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/DebtUnderObama.png\" alt=\"\" width=\"722\" height=\"414\" srcset=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/DebtUnderObama.png 722w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/DebtUnderObama-300x172.png 300w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/DebtUnderObama-500x287.png 500w\" sizes=\"auto, (max-width: 722px) 100vw, 722px\" \/><\/a><a href=\"http:\/\/www.thegatewaypundit.com\/2017\/12\/democrats-complain-about-1-5-trillion-estimated-cost-of-tax-bill-but-president-trump-already-nearly-pays-it-off\/\" target=\"_blank\" rel=\"noopener\">The Gateway Pundit<\/a> reported the following yesterday:<\/p>\n<p style=\"padding-left: 30px;\"><strong>The major complaint that the Democrats have with the tax bill is that it is projected to increase the U S <a class=\"zem_slink\" title=\"Debt\" href=\"http:\/\/en.wikipedia.org\/wiki\/Debt\" target=\"_blank\" rel=\"noopener wikipedia\">debt<\/a> by $1.5 trillion. However, when compared to <a class=\"zem_slink\" title=\"WhiteHouse.gov\" href=\"http:\/\/www.whitehouse.gov\" target=\"_blank\" rel=\"homepage noopener\">Obama<\/a> President Trump already nearly has it covered.<\/strong><\/p>\n<p>The article at the Gateway Pundit includes the following:<\/p>\n<p><a href=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/PresTrumpSavings.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-32210\" src=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/PresTrumpSavings.png\" alt=\"\" width=\"835\" height=\"659\" srcset=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/PresTrumpSavings.png 835w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/PresTrumpSavings-300x237.png 300w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/PresTrumpSavings-768x606.png 768w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2017\/12\/PresTrumpSavings-380x300.png 380w\" sizes=\"auto, (max-width: 835px) 100vw, 835px\" \/><\/a>The Gateway Pundit also points out:<\/p>\n<p style=\"padding-left: 30px;\"><strong>The FED kept interest rates at near zero percent for most of Obama\u2019s eight year term. Since President Trump was elected the FED have increased rates four times by a total of 1%. Increases in the <a class=\"zem_slink\" title=\"Federal funds rate\" href=\"http:\/\/en.wikipedia.org\/wiki\/Federal_funds_rate\" target=\"_blank\" rel=\"noopener wikipedia\">Fed Funds Rate<\/a> increase the cost of borrowing and the largest borrower in the world is <a class=\"zem_slink\" title=\"United States\" href=\"http:\/\/maps.google.com\/maps?ll=38.8833333333,-77.0166666667&amp;spn=0.1,0.1&amp;q=38.8833333333,-77.0166666667 (United%20States)&amp;t=h\" target=\"_blank\" rel=\"geolocation noopener\">the US<\/a> government. With $20 trillion in debt, a 1% increase in interest payments equals $200 billion in annual interest payment increases.<\/strong><\/p>\n<p>President Trump has already paid for nearly all of the <a class=\"zem_slink\" title=\"Tax cut\" href=\"http:\/\/en.wikipedia.org\/wiki\/Tax_cut\" target=\"_blank\" rel=\"noopener wikipedia\">tax cuts<\/a>. Aside from that fact, whose money is it anyway? The tax cuts will allow Americans to keep more of what they have earned. That is a good thing.<\/p>\n<h3><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The Democrats are screaming that the tax bill will add to the national debt. It might. Or it might not&#8211;depending on the growth of the American economy unleashed by lower taxes. However, there are some numbers that those Democrats might &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=32208\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2239,97,712,3357,10836,3415,280,11137],"class_list":["post-32208","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-americans","tag-barack-obama","tag-democratic-party-united-states","tag-donald-trump","tag-national-debt","tag-republican-party-united-states","tag-tax","tag-tax-cuts"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32208"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32208\/revisions"}],"predecessor-version":[{"id":32211,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32208\/revisions\/32211"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}