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Budget Deficit on Path to Surpass $1 Trillion Under Trump

This thread is now outdated. The Budget Deficit has exceeded $1 Trillion.

The US deficit topped $1 trillion. The year's not even over yet - CNN

The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday.
...
President Donald Trump, who promised during the 2016 campaign to eliminate the federal debt, has instead overseen a dramatic increase in deficits.
 
Vern said:
This now my 6th request for you to explain "mislead and twist the truth". again, not responding in an honest and intelligent fashion is just you cutting and running from the facts.
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I just gave you an example. If you disagree, fine. Of course you will.


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Anthony60 said:
I just gave you an example. If you disagree, fine. Of course you will.


Sent from my iPhone XX Turbo using Tapacrap
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oh Anthony, I already told you that you just cant post "that post over there". you have to explain it. This is a debate forum. I cant disagree with something you haven't posted. Read this slowly, there is nothing "misleading" about pointing out that the CBO revised Bush's last budget deficit to 1.2 trillion from 300 billion before President Obama took over. You are simply at that stage every conservative gets to when they realize they're wrong and lack the integrity to admit it. You're cutting and running from the first lie you posted and you think telling more lies is the answer. The lies just get easier and easier for you. Thus proving my point.

So Anthony, this is now my 7th request for you to explain "mislead and twist the truth". I know this is going to sound like a crazy idea, why not just be honest for once and say, you cant even attempt to back up "mislead and twist the truth".
 
dcsports said:
You haven't shown any of that. Sorry. And trying to pin the mortgage bubble on Bush... as well as all the subsequent deficits, is even more silly.

Again, revenue reduction (temporary) contributed to the deficit. Yes. For a couple of years. Increases in spending accounted for much of it in 2009, and in the years that followed. Look at the spending and revenue numbers.
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So DC, now that I've proven that your "first" narrative to not hold bush accountable for the Bush Mortgage Bubble is completely false lets get back to your budget falsehoods. So, lets clarify what I showed you (that's seems to be the excuse you're using to not accept the simple facts). I showed you the CBO revising Bush's 2009 budget deficit to 1.2 trillion before President Obama took over in the very first post to you in this thread. Table 4 was from the CBO Budget Outlook for 2009 dated January 7,2009.

The Budget and Economic Outlook: Fiscal Years 2009 to 2019 | Congressional Budget Office

Technically I didn't show you where it started. Here's the CBO Budget Outlook for 2008.

The Budget and Economic Outlook: Fiscal Years 2008 to 2018 | Congressional Budget Office

Table 1 shows you the expected revenue of 2.8 trillion. That was the estimate before we knew the Great Bush Recession started. So again, Bush asked for and got a 3.1 trillion dollar budget when the expected revenue was 2.8 trillion. Before President Obama took over, Bush's budget deficit was revised to 1.2 trillion. In that estimate, revenue was revised down 450 billion. It came in at 2.1 trillion. 700 billion below the estimate.

Spending going up 400 billion is neither massive nor on the democrats. Bush owns the massive trillion dollar Bush Deficits because he destroyed the economy.
 
Vern said:
oh Anthony, I already told you that you just cant post "that post over there". you have to explain it. This is a debate forum. I cant disagree with something you haven't posted. Read this slowly, there is nothing "misleading" about pointing out that the CBO revised Bush's last budget deficit to 1.2 trillion from 300 billion before President Obama took over. You are simply at that stage every conservative gets to when they realize they're wrong and lack the integrity to admit it. You're cutting and running from the first lie you posted and you think telling more lies is the answer. The lies just get easier and easier for you. Thus proving my point.

So Anthony, this is now my 7th request for you to explain "mislead and twist the truth". I know this is going to sound like a crazy idea, why not just be honest for once and say, you cant even attempt to back up "mislead and twist the truth".
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Don’t piss down my back and tell me it’s raining. Covers you and Obama. Figure it out.


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Anthony60 said:
Don’t piss down my back and tell me it’s raining. Covers you and Obama. Figure it out.


Sent from my iPhone XX Turbo using Tapacrap
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Anthony, I'm sure you think that's a "winner" of a reply but its just another cowardly (and now dishonest) dodge on your part. You called me a liar. I simply asked you to back it up. You cant do it. I'm pretty sure the problem is that when I post facts, it gives you a tummy ache. So like most conservatives you simply assume if it gives you a tummy ache, it must be a lie. But see how you cowardly (and now dishonest) dodge even attempting to back anything up? Just like I said you would.
 
Vern said:
Anthony, I'm sure you think that's a "winner" of a reply but its just another cowardly (and now dishonest) dodge on your part. You called me a liar. I simply asked you to back it up. You cant do it. I'm pretty sure the problem is that when I post facts, it gives you a tummy ache. So like most conservatives you simply assume if it gives you a tummy ache, it must be a lie. But see how you cowardly (and now dishonest) dodge even attempting to back anything up? Just like I said you would.
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Maybe you should go play with you blocks or something? There's probably something good on Cartoon Network. This conversation seems to be a bit out of your reach.
 
Anthony60 said:
Your response to DC right below your post I am responding to now is a great example of you (and the left) trying to mislead. So, there you go, you provided it, served up like a meatball. Of course, now you'll play dumb and say you don't even know what I mean, which is all part of it. And, before you ask, it's been explained already.
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mmmm, trying to get you to explain how I "like to mislead and twist the truth" was a waste of time. Lets see if you can post some words to explain what is misleading about my "response to DC right below your post I am responding to now ". This is that post.

Vern said:
sorry DC, "massive spending increases" is just a false. You really are about 10 years behind on the facts. Here's one of many posts on the subject.

so President Obama was handed the massive trillion dollar Bush Deficits. that is just a fact. So the next time you post that, you will be lying.
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what exactly do you find "misleading"?
 
Vern said:
mmmm, trying to get you to explain how I "like to mislead and twist the truth" was a waste of time. Lets see if you can post some words to explain what is misleading about my "response to DC right below your post I am responding to now ". This is that post.



what exactly do you find "misleading"?
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I'll just repost something I already posted.

Anthony60 said:
See, as a conservative, I think they all over spent.

And the big danger with the spending in Bush's last year, to supposedly save the country, was that Obama might then keep that spending up and say he has barely increased the budget. It was supposed to be a one time fix, but we knew what Obama would do. And he did it, right on cue. And his dopey followers just went right along with it.

That's what I want to hear from the lefties, why did Obama continue that spending? We all know why, but the answers they dream up are just twisted BS.
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Anthony60 said:
I'll just repost something I already posted.
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Typical Anthony dodge. Once a conversation goes beyond one sentence and one post... ingore, cut & paste.
 
Anthony60 said:
I'll just repost something I already posted.
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Anthony, thank you for re-posting your uninformed opinion concerning spending but it has nothing to do with my post. And since it has nothing to do with my post it does not show in any way my post to be “misleading”. I simply stated to DC the documented facts that Bush’s last budget deficit was revised from 300 billion to 1.2 trillion before President Obama took over thus proving the massive trillion dollar Bush Deficits that President Obama inherited were “baked in”. and if you can actually read my posts without getting a tummy ache, you’ll see that the drop in revenue accounted for half of Bush’s last budget deficit.

And Anthony, I wish your brain could process that the people who gave you this uninformed opinion were lying to you. they told you “out of control spending” and “only a spending problem”. the documented facts I posted prove they were lying. Now these liars are gleefully ballooning the deficits when you really really really thought they would lower it or even balance the budget. So even you can no longer deny they were lying to you. Fight thru the pain of your tummy ache because I post facts and resist the urge to post “nuh uh”.
 
Anthony60 said:
I'll just repost something I already posted.
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Anthony, where'd you go? I posted the documented facts that President Obama inherited the massive trillion dollar Bush Deficits. You re-posted some unrelated gibberish. Remember I told you how when conservatives see their obedient narratives slipping away they cut and run from the facts. You made quite a stink about that. anyhoo, here's a bonus fact I'm sure your conservative masters didn't tell you. President Obama's first budget deficit, FY 2010, was about 100 billion higher because he put the war cost on budget. Yea, bush was playing games with the costs.
 
Vern said:
Anthony, where'd you go? I posted the documented facts that President Obama inherited the massive trillion dollar Bush Deficits. You re-posted some unrelated gibberish. Remember I told you how when conservatives see their obedient narratives slipping away they cut and run from the facts. You made quite a stink about that. anyhoo, here's a bonus fact I'm sure your conservative masters didn't tell you. President Obama's first budget deficit, FY 2010, was about 100 billion higher because he put the war cost on budget. Yea, bush was playing games with the costs.
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What you "told" me really doesn't matter. Now I know why people stop responding to you. "cut and run", "your conservative masters", etc... Hey, ask yourself this... Bush's budget deficits were all in the $400 - 600 billion range, except for the last year, which had the bailout money in it, a one time charge. Then, why were Obama's over a trillion after that, for four years?
 
Anthony60 said:
What you "told" me really doesn't matter. Now I know why people stop responding to you. "cut and run", "your conservative masters", etc... Hey, ask yourself this... Bush's budget deficits were all in the $400 - 600 billion range, except for the last year, which had the bailout money in it, a one time charge. Then, why were Obama's over a trillion after that, for four years?
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Anthony, thank you for admitting you ignore the facts I post. I’ve always known it. I just wondered if you did. See, I post the links to show exactly what I post. You posting “nuh uh” and flailing at the facts is not debate. Its whining. To be clear, what you told me doesn’t matter because its just you obediently parroting lying conservative narratives. It’s why you don’t (and cant) post any links. Anyhoo, how many times do I have to post “revenue collapse was biggest cause of the massive trillion dollar Bush Deficits” and how many times do I have to prove it before your brain can process it. There simply no excuse for you to not grasp that.

What you’re clearly not getting as you cling to your obedient narratives is that majority of “one time spending” was not on budget. 2/3s of TARP didn’t hit the budget deficit. I’m assuming the same thing with the GSE bailout. And as I’ve already told you bush wasn’t putting war costs on budget. Again, revenue collapse was the single biggest cause of the massive trillion dollar Bush Deficits that President Obama inherited. And that proves your conservative masters were lying to you when they claimed “out of control spending”.

Anthony, go back and read your posts to see how you constantly and dishonestly deflected. Consciously or not, you’re avoiding being specific as you obediently flail at my posts. I know, try to learn something

For his first annual budget next week, President Obama has banned four accounting gimmicks that President George W. Bush used to make deficit projections look smaller. The price of more honest bookkeeping: A budget that is $2.7 trillion deeper in the red over the next decade than it would otherwise appear, according to administration officials.
Obama Bans Gimmicks, and Deficit Will Rise - The New York Times

The changes: account for the Wars in Iraq and Afghanistan (“overseas military contingencies”) in the budget rather than through the use of “emergency” supplemental spending bills, assume the Alternative Minimum Tax will be indexed for inflation, account for the full costs of Medicare reimbursements, and anticipate the inevitable expenditures for natural disaster relief.
Obama Rejects $2.7 Trillion In Bush-Era Budget Gimmicks – ThinkProgress
 
Vern said:
Anthony, thank you for admitting you ignore the facts I post. I’ve always known it.
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On the contrary, you only seem to "know" what you make up in your head.

I just wondered if you did. See, I post the links to show exactly what I post. You posting “nuh uh” and flailing at the facts is not debate. Its whining.
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No, not at all. It's a debate board, not a "here, I'll post a link to what someone else says on a website that you would never go to" board. That's what you do. I'm not going to follow links to some leftist, biased, hack website because you get your information from them, LOL! I like to post my own thoughts, as much as possible. You leftists really love the crutch of those biased web spinning sites.

To be clear, what you told me doesn’t matter because its just you obediently parroting lying conservative narratives.
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That, coming from the guy that obediently parrots the leftist talking points. That's precious.

What you’re clearly not getting...
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Blah, blah, blah... on and on you go. And, yet, you wonder why people stop responding after all the snark, tone deaf, leftist talking points that you spew. I've only hung in this long for the entertainment factor. But, you are beginning to bore me.
 
Anthony60 said:
On the contrary, you only seem to "know" what you make up in your head.
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Anthony, that's exactly what cutting and running looks like. Remember, I said when conservatives start to see their obedient narratives are false, they cut and run. What President Obama did as described in those articles are just facts. But don't forget, you also cowardly cut and run from the budget numbers I got from the CBO. You didn't even give us the delusional and dishonest "wah wah librul" excuse for them. You simply cut and ran. Like I predicted.
 
Anthony60 said:
No, not at all. It's a debate board, not a "here, I'll post a link to what someone else says on a website that you would never go to" board. That's what you do. I'm not going to follow links to some leftist, biased, hack website because you get your information from them, LOL! I like to post my own thoughts, as much as possible. You leftists really love the crutch of those biased web spinning sites.
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Anthony, I saved this part because it needed more attention than I could give it this morning. You just don't get to wave your hands at a reputable link and say "wah wah I don't have to believe it". President Obama banning budget gimmicks is simply not something you get to pretend is not true. You are simply running out of excuses to cling to the lying conservative narratives you want to believe. I've proven with CBO links that the biggest cause of the massive trillion dollar Bush Deficits was revenue collapse. There is simply no way for you to deny this yet incredibly you do.

Anyhoo, I told you that 2/3s of TARP wasn't even included in Bush's 1.4 trillion dollar deficit in 2009. Here's me proving that.

In addition, the estimated deficit includesoutlays of more than $180 billion to reflect the cost of transactions of the TARP.

https://www.cbo.gov/sites/default/files/111th-congress-2009-2010/reports/01-07-outlook.pdf

This is where they explain how they count TARP assets as a capital expenditure

According to CBO’s estimates, outlays this year will include more than $180 billion to reflect the present value of the net cost of transactions under the Troubled Asset Relief Program (TARP), which was created
in the fall of 2008. (Broadly speaking, that cost is the purchase price minus the present value, adjusted for market risk, of any estimated future earnings from holding purchased assets and the proceeds from the
eventual sale of them.) The TARP has the authority to enter into agreements to purchase assets totaling up to $700 billion outstanding at any one time, but the net cost over time will be much less than that amount

these are simply facts you cant wave your hand at to cowardly cut and run from reality.
 
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