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Deficit at Highest Level in 6 Years

MTAtech said:
First, you missed my first point in my post. You asserted "Govt. spending has historically been about 20% of GDP until the left got their hands on the govt. and now it is approaching 30%." My post proved that was false. Why did spending as a p% of GDP reach 26% under Obama? No, it had nothing to do with the stimulus, which was $800 billion over two years. $400 billion on a $16 trillion GDP is 2.5% of GDP. So, to assert that the stimulus raised federal spending to 26% of GDP is mathematically impossible. So, why did federal spending rise to 26%? Here it is:

NEWSFLASH: spending as a p% of GDP is a fraction and fractions have denominators. When GDP falls, the percent rises. That slipped back to 20% when the economy improved.

Second, the rest of your post is your characteristic Conservative drivel and insults, and not worthy of reply.
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I know this is probably going to be a shock to you but OBAMA WAS THE LEFT. Spending as a percentage of GDP has never been the issue, the amount is the issue and always be the issue. You want to use percentage when it suits you and ignore it when it doesn't. What is it about liberalism that creates this kind of loyalty and support? You are totally incapable of admitting when wrong

Please post the GDP growth percentages during the Obama term that beat the growth percentages under Trump after the first qtr of 2017? You made the claim now prove it
 
Conservative said:
I know this is probably going to be a shock to you but OBAMA WAS THE LEFT. Spending as a percentage of GDP has never been the issue, the amount is the issue and always be the issue. You want to use percentage when it suits you and ignore it when it doesn't. What is it about liberalism that creates this kind of loyalty and support? You are totally incapable of admitting when wrong

Please post the GDP growth percentages during the Obama term that beat the growth percentages under Trump after the first qtr of 2017? You made the claim now prove it
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I already posted the link in #573. GDP growth during quarters in 2015 was higher than any quarter in 2017.
 
MTAtech said:
I already posted the link in #573. GDP growth during quarters in 2015 was higher than any quarter in 2017.
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Annual growth is what matters and Obama's annual growth has yet to exceed anything Trump has generated from qtr. 2 into 2018. For some reason your loyalty to failure shows just how poorly informed you are. Obama is the first President in modern history never to exceed 3% and that coming off what you called the worst recession since the great depression including NEGATIVE Growth is a disaster
 
Conservative said:
I know this is probably going to be a shock to you but OBAMA WAS THE LEFT. Spending as a percentage of GDP has never been the issue, the amount is the issue and always be the issue. You want to use percentage when it suits you and ignore it when it doesn't. What is it about liberalism that creates this kind of loyalty and support? You are totally incapable of admitting when wrong

Please post the GDP growth percentages during the Obama term that beat the growth percentages under Trump after the first qtr of 2017? You made the claim now prove it
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Translation:

I was only concerned about the deficit from January 20th, 2009 to January 20th 2017, now I no longer care about the deficit.
 
Conservative said:
Annual growth is what matters and Obama's annual growth has yet to exceed anything Trump has generated from qtr. 2 into 2018. For some reason your loyalty to failure shows just how poorly informed you are. Obama is the first President in modern history never to exceed 3% and that coming off what you called the worst recession since the great depression including NEGATIVE Growth is a disaster
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Annual GDP growth in 2017 was 2.3%. 2015's annual growth was 2.9%. (https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/)

As I previously stated, and you ignored, quarterly GDP growth under Obama has been up to 4%. Since 4% is greater than 3.2%, Obama's was higher.
 
Conservative said:
Yep, all that spending in the name of compassion is never enough to fund the liberal spending appetite. It isn't tax cuts that cause deficits it is spending. when are you going to realize that and explain how Reagan and Bush's FIT cuts increased FIT Revenue?? Your silence and that from the rest of the radicals is deafening.
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Did they increase middle class wages? No. Did the provide lasting growth? No. In the case of Bush they helped cause a massive downturn the likes of which we haven't seen since the Great Depression. Did they increase maldistribution of wealth? Most certainly. They also caused a rise in deficits. Trump's greedy tax cuts will give us Trillion $ deficits as far as the eye can see. Your silence about that is hypocrisy of the first order.
 
Bullseye said:
Spend, or invest, or put to work some other way? Won't be hiding it in the closet, I'm pretty sure of that.
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Yes they can put it in hedge funds to bid up the cost of commodities we all use. That will do nothing for GDP growth and further stress those that have not had a real raise in 35 years.
 
MTAtech said:
Annual GDP growth in 2017 was 2.3%. 2015's annual growth was 2.9%. (https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/)

As I previously stated, and you ignored, quarterly GDP growth under Obama has been up to 4%. Since 4% is greater than 3.2%, Obama's was higher.
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1.2% was Obama's, 3.0, 3.1 and 2.9 were Trump's ALL BETTER THAN Obama who gave us Trump. QTRly GDP? LOL, in case you missed it Obama's record and legacy gave us Trump. suggest you keep up with history
 
iguanaman said:
Did they increase middle class wages? No. Did the provide lasting growth? No. In the case of Bush they helped cause a massive downturn the likes of which we haven't seen since the Great Depression. Did they increase maldistribution of wealth? Most certainly. They also caused a rise in deficits. Trump's greedy tax cuts will give us Trillion $ deficits as far as the eye can see. Your silence about that is hypocrisy of the first order.
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OMG, Trump has been in office one year and already increased employment 3 million over Obama, what is it about liberalism that creates this kind of loyalty and ignorance of reality? Trump's tax cuts put more money into the hands of the consumers, suggest you send yours back
 
Jetboogieman said:
Translation:

I was only concerned about the deficit from January 20th, 2009 to January 20th 2017, now I no longer care about the deficit.
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Let me know when Trump exceeds the trillion dollar deficits Obama had from 2009-2012, four years in a row?
 
Conservative said:
Let me know when Trump exceeds the trillion dollar deficits Obama had from 2009-2012, four years in a row?
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Translation:

I only cared when there was a deficit under Obama.

I no longer care now that a Republican and specifically Trump is President.
 
Conservative said:
OMG, Trump has been in office one year and already increased employment 3 million over Obama, what is it about liberalism that creates this kind of loyalty and ignorance of reality? Trump's tax cuts put more money into the hands of the consumers, suggest you send yours back
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170505135848-trump-unemployment-05052017-780x439.jpg

You see that tiny bit on the end. The part from 4.6 to 4.4. That is what you are bragging about. Just thought you might want to see it in context. Please continue.
 
CriticalThought said:
View attachment 67231485

You see that tiny bit on the end. The part from 4.6 to 4.4. That is what you are bragging about. Just thought you might want to see it in context. Please continue.
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Yep, and incredible record

Labor Force Statistics from the Current Population Survey
Original Data Value

Series Id: LNS12032194
Seasonally Adjusted
Series title: (Seas) Employment Level - Part-Time for Economic Reasons, All Industries
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over
Hours at work: 1 to 34 hours
Reasons work not as scheduled: Economic reasons
Worker status/schedules: At work part time
Years: 2007 to 2018

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007 4279 4220 4253 4313 4473 4342 4410 4576 4521 4325 4494 4618
2008 4846 4902 4904 5220 5286 5540 5930 5851 6148 6690 7311 8029
2009 8046 8796 9145 8908 9113 9024 8891 9029 8847 8979 9114 9098
2010 8530 8936 9233 9178 8845 8577 8500 8800 9246 8837 8873 8935
2011 8470 8464 8645 8652 8576 8427 8281 8788 9166 8657 8447 8171
2012 8305 8238 7775 7913 8101 8072 8082 7974 8671 8203 8166 7943
2013 8151 8178 7722 7964 7937 8103 8099 7816 7764 7936 7718 7827
2014 7302 7304 7451 7516 7260 7425 7400 7169 7007 7031 6885 6817
2015 6820 6693 6653 6622 6643 6386 6234 6411 6025 5807 6159 6027
2016 5960 6021 6099 6027 6491 5751 5898 5977 5893 5955 5719 5554
2017 5776 5670 5500 5309 5268 5264 5236 5209 5148 4880 4851 4915
2018 4989 5160
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Best creator of part time jobs in US history, Context matters except to you and the rest of the radical left. oh, by the way when was the Obama stimulus signed and who controlled the purse strings and legislative authority from 2007 to 2011? I guess shovel ready jobs really never existed, did they but part time jobs are included in the employment numbers and skews the unemployment rate down but don't let facts get in the way of hero worship
 
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Jetboogieman said:
Translation:

I only cared when there was a deficit under Obama.

I no longer care now that a Republican and specifically Trump is President.
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Translation, projections matter more than actual results. Obama 9.3 trillion in 8 years, Trump has a long way to go to meet those numbers. let me know when that happens
 
Conservative said:
Yep, and incredible record



Best creator of part time jobs in US history, Context matters except to you and the rest of the radical left. oh, by the way when was the Obama stimulus signed and who controlled the purse strings and legislative authority from 2007 to 2011? I guess shovel ready jobs really never existed, did they but part time jobs are included in the employment numbers and skews the unemployment rate down but don't let facts get in the way of hero worship
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Weren't you just hero worshipping Trump like one post ago? All I did was post a chart. I notice you didn't post any evidence of job composition for either Trump or Obama. Fake news!
 
CriticalThought said:
Weren't you just hero worshipping Trump like one post ago? All I did was post a chart. I notice you didn't post any evidence of job composition for either Trump or Obama. Fake news!
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Yep I am getting exactly who I voted for, over 3 million more employed than when Obama left office, 1 million fewer part time, 8% U-6, double the GDP growth rate Obama left Trump, and now more spendable income in the hands of the American people. Yep, all is improving, thank you Obama for giving us Trump
 
Conservative said:
Yep I am getting exactly who I voted for, over 3 million more employed than when Obama left office, 1 million fewer part time, 8% U-6, double the GDP growth rate Obama left Trump, and now more spendable income in the hands of the American people. Yep, all is improving, thank you Obama for giving us Trump
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Hm...seems like Trump is just another Obama. You just have not figured it out yet.
 
CriticalThought said:
Hm...seems like Trump is just another Obama. You just have not figured it out yet.
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In one year Trump has totally blown Obama away with the economic data so sorry don't get your point at all. Actual results matter except to Obama supporters.
 
iguanaman said:
Yes they can put it in hedge funds to bid up the cost of commodities we all use. That will do nothing for GDP growth and further stress those that have not had a real raise in 35 years.
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I like you. You have the ability to jam-pack more leftwing jabberwocky into a single sentence than most progs can do in a full paragraph.
 
Conservative said:
In one year Trump has totally blown Obama away with the economic data so sorry don't get your point at all. Actual results matter except to Obama supporters.
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If Trump any blows any harder the stock market will crash. The recent volatility caused by Trump has wiped out almost an entire year's gain.
 
Conservative said:
Yep I am getting exactly who I voted for, over 3 million more employed than when Obama left office, 1 million fewer part time, 8% U-6, double the GDP growth rate Obama left Trump, and now more spendable income in the hands of the American people. Yep, all is improving, thank you Obama for giving us Trump
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Wow. So, you discovered that total employment is cumulative. Congratulations.

Go ahead and cherry pick the metrics that say what you want, because job gains certainly aren't doing that. Monthly job gains are the usual measure of employment progress. However, that doesn't support your narrative. There were more gains in 2016, 2015, 2014 and 2013 under Obama than 2017 under Trump.
 
Moot said:
If Trump any blows any harder the stock market will crash. The recent volatility caused by Trump has almost wiped out an entire year's gain.
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Again, actual results are foreign to you as you are incapable of actually doing any research, the market was 18.7 when he ws inaugurated and it is over24.4 today or over 20% return. Seems your expectations are for some reason much higher for Trump than ever with Obama and the question is why?
 
Conservative said:
In one year Trump has totally blown Obama away with the economic data so sorry don't get your point at all. Actual results matter except to Obama supporters.
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Lol. You are no economist, but I am happy you convinced yourself.
 
MTAtech said:
Wow. So, you discovered that total employment is cumulative. Congratulations.

Go ahead and cherry pick the metrics that say what you want, because job gains certainly aren't doing that. Monthly job gains are the usual measure of employment progress. However, that doesn't support your narrative. There were more gains in 2016, 2015, 2014 and 2013 under Obama than 2017 under Trump.
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Always understood that which of course was foreign to you. I don't cherry pick data but rather put it in context which you don't understand. more gains? Trump is competing against Obama not Trump and 3 million more are employed today than when Obama left office which of course you want to ignore. You also want to ignore that 146 million Americans were working when the recessions started and that was 152 10 years later but as with most liberals with low expectations those are great results. 6 million in 10 years, Trump 3 million in one. LOL, thank you Obama and radicals for giving us Trump
 
CriticalThought said:
Lol. You are no economist, but I am happy you convinced yourself.
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It doesn't take an economist to post data but probably will take an English teacher to read that data to people like you who will never understand it otherwise
 
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