View Poll Results: Who was the last Republican President to reduce the deficit he received?

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  • George W. Bush

    1 2.08%
  • George H. W. Bush

    1 2.08%
  • Ronald Reagan

    4 8.33%
  • Gerald Ford

    2 4.17%
  • Richard Nixon

    7 14.58%
  • None of the Above

    33 68.75%
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Thread: Who was the last Republican President to reduce the deficit he received?

  1. #91
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by a351 View Post
    The circumstances surrounding the time in which he took office made large deficits an inevitability.
    Wrong. Liberal spending habits made large deficits an inevitability.

    Quote Originally Posted by a351 View Post
    How much blame Bush the younger receives for that is up for debate.
    Wrong, again. Obama did nothing to rectify any problems Bush created. He only exacerbated them. This is all on Obama now.

    Quote Originally Posted by a351 View Post
    Also, learn the difference between debt and deficit.
    Check. And thank you for catching that.

    Let's take another look at the national debt clock:

    U.S. National Debt Clock : Real Time

  2. #92
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Lord of Planar View Post
    There is nothing reasonable about wanting others to pay more than you do.
    But there's quite a bit reasonable about expecting them to make the same sacrifice in taxes I do. And that goes for people of all income levels.
    Quote Originally Posted by Lord of Planar View Post
    So why should they pay a higher percentage?
    Because the amount they are left with is still significantly higher than everyone else. In other words, to make a sacrifice equal to what I make, they have to pay a greater percentage because it has to "hurt" (for lack of a better term) just as much.

    If I have $100 and you have $1000. A 20% tax rate hurts me much more than it hurts you. You can still buy your food and necessities, as well as the newest DVD which came out (or whatever luxury item you want to use). My ability to simply buy the necessities is greatly impacted and I can absolutely forget about luxuries. But if I'm taxed at 10% and you at 20%, I am more likely to be able to afford my necessities and you can still buy your luxury.

    It's about sacrifice. We should all sacrifice equally. Rich and poor.

    Quote Originally Posted by Dooble View Post
    Wrong. Liberal spending habits made large deficits an inevitability.
    Like what? Also, do you consider Republicans liberal? Democrats? Both?

    Wrong, again. Obama did nothing to rectify any problems Bush created. He only exacerbated them. This is all on Obama now.
    You mean cutting the projected deficit in half in only five years after a major recession is all on Obama? I think he'll take the "blame" for that.

  3. #93
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Dooble View Post
    Wrong. Liberal spending habits made large deficits an inevitability.
    This is incorrect. A decline in revenues by more than 400 billion dollars in tandem with a sizable increase in mandatory spending as a result of rapid job losses made large deficits an inevitability. The projections put forth in January of 2009 estimated deficits of more than one trillion with no substantial policy shifts, if unemployment topped out at 8.5 percent. The fact that unemployment reached an even 10 later that year renders the 1.4 trillion deficit incurred quite predictable.

    Wrong, again. Obama did nothing to rectify any problems Bush created. He only exacerbated them. This is all on Obama now.
    Wrong on multiple levels. Not only have a number of economic indicators shown improvement under his tenure, the previous administration will likely bear more of the blame for the recession and its effects than will the current one. History will not be kind to those who claim the effects of a financial crises cannot be attributed to the President who merely oversaw its roots (think Hoover).

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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by a351 View Post
    The projections put forth in January of 2009 estimated deficits of more than one trillion with no substantial policy shifts, if unemployment topped out at 8.5 percent.
    Just to add on to this, the trillion dollar deficits projected by the CBO were before Obama even took office, if I'm not mistaken.

  5. #95
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Slyfox696 View Post
    Just to add on to this, the trillion dollar deficits projected by the CBO were before Obama even took office, if I'm not mistaken.
    Yep, the projections were made on January 7 of 2009: http://www.cbo.gov/publication/41753

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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Lord of Planar View Post
    There is nothing reasonable about wanting others to pay more than you do.
    I whole heartedly agree. Within the past few years, the increase of those who do not pay any federal income tax has sky-rocketed to now the burden of taxes falls to 50%. And within the group that do not pay federal income tax, a good portion of them are collecting generous benefits at the same time. This should be a concern for anyone who supports our Republican form of government.

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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by vesper View Post
    I whole heartedly agree. Within the past few years, the increase of those who do not pay any federal income tax has sky-rocketed to now the burden of taxes falls to 50%.
    Which just so happens to coincide with the increase of those who live in poverty.

    And within the group that do not pay federal income tax, a good portion of them are collecting generous benefits at the same time.
    So generous I cannot find a SINGLE person who is of "middle class" or above who is willing to trade places with them.

    This should be a concern for anyone who supports our Republican form of government.
    I agree. We most definitely should be concerned at the idea the income disparity in this country has reached such drastic proportions a large segment of the population is living in poverty while those with the most money actively bribe...excuse me, lobby...our lawmakers to change tax codes to benefit them even more.

  8. #98
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Slyfox696 View Post
    I have never seen Monty Python. True story. People mock me all the time because of it.
    "A man you can bait with a tweet is not a man we can trust with nuclear weapons." --Hillary Rodham Clinton
    "Innocent until proven guilty is for criminal convictions, not elections." --Mitt Romney

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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by a351 View Post
    This is incorrect. A decline in revenues by more than 400 billion dollars in tandem with a sizable increase in mandatory spending as a result of rapid job losses made large deficits an inevitability. The projections put forth in January of 2009 estimated deficits of more than one trillion with no substantial policy shifts, if unemployment topped out at 8.5 percent. The fact that unemployment reached an even 10 later that year renders the 1.4 trillion deficit incurred quite predictable.
    This regurgitation doesn't absolve the Democrats. Barack Obama and his band of thugs could've turned this around if they really wanted to and they aren't/haven't. It isn't sexy to roll up your sleeves and start making cuts. No, Hussein wanted to be known as the giver of affordable healthcare that practically no one can afford. Who has time to make the tough decisions when your calendar is packed full of so many golf dates and family vacations?

    Quote Originally Posted by a351 View Post
    Wrong on multiple levels. Not only have a number of economic indicators shown improvement under his tenure, the previous administration will likely bear more of the blame for the recession and its effects than will the current one. History will not be kind to those who claim the effects of a financial crises cannot be attributed to the President who merely oversaw its roots (think Hoover).
    Wrong on the only level that matters: It's a safe bet to say that any indicators that might show what you're talking about, you can guarantee that it was purely unrelated. Barack Obama is incapable of driving this country anywhere except into the ground.

  10. #100
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Dooble View Post
    This regurgitation doesn't absolve the Democrats. Barack Obama and his band of thugs could've turned this around if they really wanted to and they aren't/haven't. It isn't sexy to roll up your sleeves and start making cuts. No, Hussein wanted to be known as the giver of affordable healthcare that practically no one can afford. Who has time to make the tough decisions when your calendar is packed full of so many golf dates and family vacations?
    The facts I mention did not apply strictly to Democrats at the time. Neither candidate foresaw the severity of the crisis at the time, and neither possessed a plan that would "turn it around" by implementing massive cuts during a recessionary period, and with good reason. Your solution was and continues to be born of pie in the sky thinking. Also important to note that spending has in fact declined under Obama in real terms despite the sluggish economy, a phenomenon nearly unprecedented in modern US History.

    Wrong on the only level that matters: It's a safe bet to say that any indicators that might show what you're talking about, you can guarantee that it was purely unrelated. Barack Obama is incapable of driving this country anywhere except into the ground.
    We get it. You're incapable of actually assessing the situation without inserting your personal dislike of the President. A waste of time really.

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