US Political News and Trump’s China visit

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This just in....​

FBI raids former Rep. Eric Swalwell’s home, seizes devices in probe tied to sexual assault claims​

By Allison Gordon, Pamela Brown, Evan Perez, CNN

Updated: 11:28 AM EDT, Thu August 20, 2026
Source: CNN

View attachment 211433
Thanks to fang fang bang bang he became a major security threat as far as I'm concerned
 
Rare moment of honesty on CNN — Cuban anchor goes off on Socialist who praises Castro.

 
Rare moment of honesty on CNN — Cuban anchor goes off on Socialist who praises Castro.

Yeah, those DSA people at least on their homepage are celebrating the 100th anniversary of Fidel Castro.

These people are f****** nuts.

That one woman who won the Democratic primary to face the Republican in Florida is in for a rude awakening.

A lot of Cubans, nicaraguans Venezuelans live in that district and they don't particularly like socialism for obvious reasons
 
End of Fiscal YearDebt (in Billions, Rounded)Major Events by Presidential Term
1929$17Market crash
1930$16Smoot-Hawley Tariff Act reduced trade
1931$17Dust Bowl drought raged
1932$20Hoover raised taxes
1933$23New Deal increased GDP and debt
1934$27
1935$29Social Security
1936$34Tax hikes renewed Great Depression
1937$36Third New Deal
1938$37Dust Bowl ended
1939$40Depression ended
1940$43FDR increased spending and raised taxes
1941$49U.S. entered World War II
1942$72Defense tripled
1943$137
1944$201Bretton Woods Agreement
1945$259World War II ended
1946$269Truman’s first-term budgets and recession
1947$258Cold War
1948$252Recession
1949$253Recession
1950$257Korean War boosted growth and debt
1951$255
1952$259
1953$266Recession when war ended
1954$271Eisenhower’s budgets and recession
1955$274
1956$273
1957$271Recession
1958$276Eisenhower’s 2nd term and recession
1959$285Fed raised rates
1960$286Recession
1961$289Bay of Pigs
1962$298JFK budgets and Cuban Missile Crisis
1963$306U.S. aids Vietnam; JFK killed
1964$312LBJ’s budgets and war on poverty
1965$317U.S. entered Vietnam War
1966$320
1967$326
1968$348
1969$354Nixon took office
1970$371Recession
1971$398Wage-price controls
1972$427Stagflation
1973$458Nixon ended gold standard; OPEC oil embargo
1974$475Watergate; Nixon resigns; budget process created
1975$533Vietnam War ended
1976$620Stagflation
1977$699Stagflation
1978$772Carter budgets and recession
1979$827
1980$908Fed Chairman Volcker raised fed rate to 20%
1981$998Reagan tax cut
1982$1,142Reagan increased spending
1983$1,377Jobless rate 10.8%
1984$1,572Increased defense spending
1985$1,823
1986$2,125Reagan lowered taxes
1987$2,350Market crash
1988$2,602Fed raised rates
1989$2,857S&L Crisis
1990$3,233First Iraq War
1991$3,665Recession
1992$4,065
1993$4,411Omnibus Budget Reconciliation Act
1994$4,693Clinton budgets
1995$4,974
1996$5,225Welfare reform
1997$5,413
1998$5,526Long-Term Capital Management crisis; recession
1999$5,656Glass-Steagall Act repealed
2000$5,674Budget surplus
2001$5,8079/11 attacks; Economic Growth and Tax Relief Reconciliation Act
2002$6,228War on Terror
2003$6,783Jobs and Growth Tax Relief Reconciliation Act; second Iraq War
2004$7,379Second Iraq War
2005$7,933Bankruptcy Act; Hurricane Katrina
2006$8,507Bernanke chaired Fed
2007$9,008Banks crisis
2008$10,025Bank bailouts; quantitative easing (QE)
2009$11,910Bailout cost $250 billion; American Recovery and Reinvestment Act (ARRA) added $242 billion
2010$13,562ARRA added $400B; payroll tax holiday ended; Obama tax cuts; Affordable Care Act; Simpson-Bowles debt reduction plan
2011$14,790Debt crisis, recession, and tax cuts reduced revenue
2012$16,066Fiscal cliff
2013$16,738Sequester; government shutdown
2014$17,824QE ended; debt ceiling crisis
2015$18,151Oil prices fell
2016$19,573Brexit
2017$20,245Congress raised the debt ceiling
2018$21,516Trump tax cuts
2019$22,719Trade wars
2020$26,945COVID-19 and recession
2021$28,428COVID-19 and American Rescue Plan Act
2022$30,928Inflation Reduction Act
2023$33,167Rising interest rates
2024$35,464Credit rating downgrade
2025$36,215One Big Beautiful Bill signed into law

Source: U.S. Treasury6


 

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