Hillary will not add a penny to the debt!
not a penny added
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many pennies added
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hillary clinton famously declared that she would not add a penny to the debt And, the tax policy center analysis found the same. maybe she meant that her new spending would be paid for by her tax increases Of course (since that is how debt works.) existing spending that adds trillions of dollars a year to the debt There has never been a year in the history of America where the amount added to the debt in a year exceeded 1.4 trillion. The deficit for 2015 was less than half a trillion ($438.9 Billion). Side: not a penny added
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"Of course (since that is how debt works.)" when i say new spending, i mean additional spending that she generates above and beyond what we would already be spending without her changing anything .so if the debt is $20 trillion when obama leaves office and $40 trillion 8 years later when hillary leaves office, even if she only spent $5 trillion on her new programs and paid for it by raising taxes $5 trillion, she still added $20 trillion to the debt .do you really think she will end her term with the debt still at $20 trillion ? Side: many pennies added
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i mean additional spending that she generates above and beyond what we would already be spending without her changing anything. That is what she means as well - that the revenue she will raise will pay for any increases in spending she proposes. do you really think she will end her term with the debt still at $20 trillion? Then, the argument you are making then is the semantic one - see here for an explanation/critique. In reality, I think she will be unlikely to get many of her policies through the obstruction of Republicans in Congress. They have recently decided that it is better for their party to obstruct everything, and are putting the success of their party above the success of the country - including blocking policies they used to support (infrastructure spending, healthcare mandate, cap and trade), deciding to block any Supreme Court nominee for her entire time in office, etc., etc. And, her policies are trillions better for the debt than the Trump policies. Side: not a penny added
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The Committee for a Responsible Federal Budget, an independent, non-profit, bipartisan organization that addresses federal budget and fiscal issues, analyzed Clinton and Trumps plans. Here is what they found. "We find that Clinton’s plans would increase the debt by $200 billion over a decade above current law levels (compared to our prior estimate of $250 billion), and Trump’s plans would increase the debt by $5.3 trillion (compared to our prior estimate of $11.5 trillion)." http://crfb.org/papers/ Side: many pennies added
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