‘No end in sight’: Blackstone CEO doesn't think the US can handle another term under President Biden — or what he calls 'four more years' of debt misery. But is it really that bad?

Well if the CEO of Blackstone doesn't like it, then SIGN ME THE FUCK UP.

If you're concerned about the deficit, you should vote for the Democrat.

https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/

Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion."

Politifact rates that Mostly True. This is dated before the Biden Administration, of course.

When was Biden elected? When was trump elected? Hmm

Facts First: Biden’s claim is correct. The national debt, now more than $31 trillion, increased by just under $8 trillion during Trump’s four years in office, in part because of Trump’s major tax cuts.

https://edition.cnn.com/politics/live-news/biden-state-of-the-union-2023/h_5b5f31cc803b23a2f169ce9a5fe3452d

this is the same old song and dance whenever a democrat is in office.. we suddenyl cant afford anything, and were about to collapse... but when a republican gets into office its tax-cuts alll the way regardless of debt. debt is never even mentioned.

this is all a complete waste of time.. 'news'

This is that fucking leach of a company that has been buying up shitloads of single family homes around the US to extort insane rent out of everybody.

If this slimy fuck doesn't like the current admin, then it must be doing something right.

I didn't want to editorialize my post. But fuck this guy.

I swear you can take this exact story and repeat it in year 3 of every single Democratic president. "Debt debt debt" is all you hear (ignoring the deficit that is shrinking) until the R's are in office, then it is "we need to help the job creators by cutting taxes."

Hell, you don't even have to wait until year 3. I remember mercilessly mocking a friend of mine who shared a story about how Obama had increased the debt X amount... before he was even inaugurated.

Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of June 2023, the company's total assets under management were approximately US$1 trillion, making it the largest alternative investment firm globally

Yeah, I'm going to suggest that this oligarch keep his mouth shut, ere the revolution eats him alive.

He's half right, but it'll be because the QOP is going push open secession. The debt is dork shit, I'm keeping my eyes on the Texas border 👀