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U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn


LOL?? Reagan 1.7 trillion added to the debt, GW BUsh 4.9 trillion added to the debt, both in 8 years, Obama 7+ Trillion added to the debt in 6+ years.

You don't seem to be able to comprehend that liberals claim that expenses are responding to inflation but ignoring that revenue responds to inflation as well with the problem being inflation adjusted revenue isn't keeping up with liberal spending. Obama couldn't care less about the deficit and debt as evidenced by his 3.9 trillion dollar budget request. Does that sound like someone caring about the deficit?
 
I am sure you can figure out out, especially someone of your superior intelligence

I'm not a mind reader, and if you can't develop your own argument, perhaps you need a different venue.
 
LOL?? Reagan 1.7 trillion added to the debt, GW BUsh 4.9 trillion added to the debt, both in 8 years, Obama 7+ Trillion added to the debt in 6+ years.

You don't seem to be able to comprehend that liberals claim that expenses are responding to inflation but ignoring that revenue responds to inflation as well with the problem being inflation adjusted revenue isn't keeping up with liberal spending. Obama couldn't care less about the deficit and debt as evidenced by his 3.9 trillion dollar budget request. Does that sound like someone caring about the deficit?

More tossing out big numbers and trying to shock. It's pretty silly actually.

What I see is an attempt to pin the entire growth of the debt on Obama as if he started with no debt or deficit. Utter nonsense. Obama started out with a deficit that was WAAAYY out of whack. There's absolutely no way he or anyone can completely eliminate the entire deficit in one year and still have a viable country. Until we the deficit can be brought down to zero, the debt will continue to rise.

I'm sure that's why you continue to site debt and not deficit. That's an argument you'll lose.


So, if you want to tack on all of the deficit responsibility on Obama, are you also willing to credit Obama for reducing the deficit (as noted in the original article)?
 
More tossing out big numbers and trying to shock. It's pretty silly actually.

What I see is an attempt to pin the entire growth of the debt on Obama as if he started with no debt or deficit. Utter nonsense. Obama started out with a deficit that was WAAAYY out of whack. There's absolutely no way he or anyone can completely eliminate the entire deficit in one year and still have a viable country. Until we the deficit can be brought down to zero, the debt will continue to rise.

I'm sure that's why you continue to site debt and not deficit. That's an argument you'll lose.


So, if you want to tack on all of the deficit responsibility on Obama, are you also willing to credit Obama for reducing the deficit (as noted in the original article)?

No, sorry, Obama started with a 2009 budget that he signed thus accepted. Deficits are yearly and come from the budget. He inherited a 10.6 trillion dollar debt that is now up 7.3 trillion dollars approaching 18 trillion. I want people like you to get an education on the budget process and the difference between deficit and debt
 
Post 351 addresses your issue. The problem isn't inflation adjusted expenses but rather liberal spending exceeding inflation adjusted revenue. The debt is the debt and it exceeds 7.3 trillion for Obama

Debt to the Penny (Daily History Search Application)
Con, you keep proving over and over that despite the uncounted number of times you have been been shown the causes of the current debt (unfunded war costs, tax cuts, economic declines otherwise known as the Bush Recession) it never gets through. You always shift the discussion away from one losing argument to an old losing argument....as if you and I have not had this debate before. Do you remember anything? Do you remember any lesson taught?
 
Please let us know which news service you find credible since it isn't Fox and then support your insinuation that Obama is like Clinton?

No explanation needed.
 
Con, you keep proving over and over that despite the uncounted number of times you have been been shown the causes of the current debt (unfunded war costs, tax cuts, economic declines otherwise known as the Bush Recession) it never gets through. You always shift the discussion away from one losing argument to an old losing argument....as if you and I have not had this debate before. Do you remember anything? Do you remember any lesson taught?

You lose the argument everytime you talk about people keeping more of what they earn as an expense to the govt. All costs for the wars are in the debt Obama inherited
 
You lose the argument everytime you talk about people keeping more of what they earn as an expense to the govt. All costs for the wars are in the debt Obama inherited
Um, no they are not, from the cost of the borrowing to the cost of care for the vets to replacement of material...the costs continue.

Parfait-using-debt-gdp-2001-2019-5-12-11-FINAL-829x1024.jpg
 
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Um, no they are not, from the cost of the borrowing to the cost of care for the vets to replacement of material...the costs continue.

How much of the 7.3 trillion Obama has added to the debt are due to increases in VA costs? Still running from the fact that you keeping more of what you earn isn't an expense to the govt no matter how many times you say it or how brainwashed other liberals are
 
Expenditures in real terms have actually fallen after 2011, only to eclipse that mark by $6 billion for fiscal year 2014. Understand that automatic stabilizers are sensitive to poor economic conditions, as is the government's ability to generate income. Tax revenue has increased by roughly $1 trillion. Furthermore, deficit spending as a percentage of output has fallen from 11% of GDP to 2.8% of GDP; a drop of roughly 3/4. Since 1959, the average deficit as a % of GDP has been 3.7%; 3.2% if you factor out the past 6 years.

Why focus strictly on place value?

Brookings has different numbers. It appears to me that during the Bush years the worst deficit in terms of % of GDP was -3.4% in FY2004, except for FY2009 when it was -9.8%.

The BEST % of GDP deficit since FY2009 was -4.1% in FY2013 (and possibly -3.7% in FY2014). Those seem like high % figures in non-recession years.

Historical Federal Receipt and Outlay Summary
 
How much of the 7.3 trillion Obama has added to the debt are due to increases in VA costs? Still running from the fact that you keeping more of what you earn isn't an expense to the govt no matter how many times you say it or how brainwashed other liberals are
A complete non sequitur, ignoring past policy and the contributions they make to the current debt (the expense to the govt) is simply hiding your head in the sand. Not paying for past spending is simply freeloading. The (GOP) chickens have come home to roost.
 
A complete non sequitur, ignoring past policy and the contributions they make to the current debt (the expense to the govt) is simply hiding your head in the sand. Not paying for past spending is simply freeloading. The (GOP) chickens have come home to roost.

Wow, maybe you ought to look at the budget of the United States before making stupid statements. Obama controlled the budget from 2009 to the present and could have put a stop to anything he wanted. You don't seem to understand the concept of responsibility.
 
Let me get this straight, if we are for example overspending by $100 last year, we're only overspending this year by $97.20?

And that's good somehow?

...

Way to have no idea what you're talking about.
 
Wow, maybe you ought to look at the budget of the United States before making stupid statements. Obama controlled the budget from 2009 to the present and could have put a stop to anything he wanted. You don't seem to understand the concept of responsibility.
Again, how many times do you have to be corrected on everything before you accept your errors? I personally have shown you that the Bush 2009 budget had a very tiny portion of additional spending added by Obama...and as you are so keen to point out, the spending is largely determined by Congress. Again, if you want Congress or Obama to not pay for past GOP spending or want to reverse GOP tax policy (while WHINING ABOUT THE DEBT!), you go right ahead and contradict yourself.
 
Again, how many times do you have to be corrected on everything before you accept your errors? I personally have shown you that the Bush 2009 budget had a very tiny portion of additional spending added by Obama...and as you are so keen to point out, the spending is largely determined by Congress. Again, if you want Congress or Obama to not pay for past GOP spending or want to reverse GOP tax policy (while WHINING ABOUT THE DEBT!), you go right ahead and contradict yourself.

Some liberals never get it nor will they ever? Very small? Stimulus, TARP recycle, Afghanistan supplementals, 6 months of line item budget items? That is your idea of tiny? Then of course there are the shovels that never arrived as promised for those shovel ready jobs that really didn't exist according to Obama.
 
Brookings has different numbers. It appears to me that during the Bush years the worst deficit in terms of % of GDP was -3.4% in FY2004, except for FY2009 when it was -9.8%.

The BEST % of GDP deficit since FY2009 was -4.1% in FY2013 (and possibly -3.7% in FY2014). Those seem like high % figures in non-recession years.

Historical Federal Receipt and Outlay Summary

I used inflation adjusted figures to better compare expenditures and receipts in a somewhat historical context .
 
Some liberals never get it nor will they ever? Very small? Stimulus, TARP recycle, Afghanistan supplementals, 6 months of line item budget items? That is your idea of tiny? Then of course there are the shovels that never arrived as promised for those shovel ready jobs that really didn't exist according to Obama.
How many times do I have to keep referring you to this same article?

Obama’s Spending: ‘Inferno’ or Not?
 
How many times do I have to keep referring you to this same article?

Obama’s Spending: ‘Inferno’ or Not?


9 out of the 12 Spending appropriations bills of FY 2009, a budget that was finished in OCTOBER were signed by Obama.

That article didnt count Obama's stimulus either for some uknown reason.

Hmmmm.....when did Obama become such a deficit hawk ?

Before or after he submitted a 3.4 Trillion dollar budget ?
 
9 out of the 12 Spending appropriations bills of FY 2009, a budget that was finished in OCTOBER were signed by Obama.

That article didnt count Obama's stimulus either for some uknown reason.

Hmmmm.....when did Obama become such a deficit hawk ?

Before or after he submitted a 3.4 Trillion dollar budget ?
I can't help the fact that you cannot read....or spell.
 
That article didn't count Obama's stimulus either for some unknown reason.

Can you explain this statement in with a little bit of detail.
 
I can't help the fact that you cannot read....or spell.

The fact remains, Bush submitted a budget, it was rejected by Congress only to be signed by Obama in March 2009. Obama signed a stimulus plan in February, recycled TARP LOAN money that was repaid, created Afghanistan supplementals knowing quite well that you would blame Bush. He was right and you as always are wrong.
 
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