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Trillion Doallr Deficit

Born Free said:
Nice Try, in reality Obama raised the national debt by 10 trillion in just 8 yrs.
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How did he do that, exactly? Did he cut taxes? Did he increase spending by $10 trillion?
 
Japan's debt is over 200% of GDP, and no one's going ape s*** over it, so we have a long way to go. Besides, that debt is never going to be paid back. And it's why interest rates are being held down. We do have to pay to service the debt, and it eats a big chunk out of the budget. If interest rates ever did go back to normal levels the government would be in big trouble.

However, federal tax revenues have hit an all time high, so the Trump tax cut has worked. Even the rich are paying more.

https://www.investors.com/politics/...hs-are-trumps-tax-cuts-paying-for-themselves/

And with all the baby boomers now retiring, 78 million of 'em, all wanting Medicare and Social Security, along with other subsidies, that debt is going to grow exponentially. So buckle up buttercup.
 
MTAtech said:
How did he do that, exactly? Did he cut taxes? Did he increase spending by $10 trillion?
Born Free said:
Did Obama cut taxes????
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You asserted that Obama caused a $10 trillion addition to the debt. I asked you how exactly he did that, since the only two ways are lowering taxes and/or increasing spending. Don't throw the question back to me.
 
The only time a tax cut can increase the economy to lower the debt of the nation -- is with a closed economy. Since the United States of America is a international economy, part of a tax cut will end up in a foreign country. Right now, around 1/3 of the American stock markets is owned by foreign interests.
 
Tettsuo said:
Come on... Obama reduced the deficit. This sudden forgetfulness on the right is tiresome.
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Been through this before. One more time.
The deficit was reduced because it started at an abnormal position . 2009 . A complete outlier{ how can you not know this?}

And a big reason it was reduced as much as it was was because of the GOP. The 'party of no?" You remember that,right.
Obama wanted a second stimulus. Who said no to that? ( How can you not know this?}

There were sequester cuts. Who was responsible for this? You don't remember?

Here. let me refresh your memory.

"The sequester is here, with an initial $85 billion worth of haphazard and economically destructive spending cuts, a Washington wound almost universally described as “self-inflicted.” Let’s be clearer: It’s Republican-inflicted"

The Sequester Is a Republican-Inflicted Wound | TIME.com

So let's not pretend Obama was any kind of 'deficit reducer".

Despite those things the GOP did, they aren't either.
The deficit was reduced from 2009( big deal-not much of an accomplishment) but it was, and is still massive .So the debt just keeps piling up.
 
Waddy said:
Japan's debt is over 200% of GDP, and no one's going ape s*** over it, so we have a long way to go. Besides, that debt is never going to be paid back. And it's why interest rates are being held down. We do have to pay to service the debt, and it eats a big chunk out of the budget. If interest rates ever did go back to normal levels the government would be in big trouble.

However, federal tax revenues have hit an all time high, so the Trump tax cut has worked. Even the rich are paying more.

https://www.investors.com/politics/...hs-are-trumps-tax-cuts-paying-for-themselves/

And with all the baby boomers now retiring, 78 million of 'em, all wanting Medicare and Social Security, along with other subsidies, that debt is going to grow exponentially. So buckle up buttercup.
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Deficits only mattered when Obama was president.
 
calamity said:
So, did Trump promise this?



lol...Scammer in Chief winning again.

But, hey. At least the Right now has judges they think are on thier side. I hope that is worth it.
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So we haven't completed 2018 yet and already PROJECTIONS FOR 2019?? Wonder how that almost 4% GDP growth and 3.5 million new taxpayers are going to impact that number? Does it matter? Since when does debt matter to you? Obama, 9.3 trillion added to the debt in 8 years didn't seem to phase you
 
calamity said:
Deficits only mattered when Obama was president.
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Oh, they matter now, actual not projected which is what you want to focus on but more importantly what are the taxpayers getting for those deficits? Right now 3.5 million new taxpayers and 4% GDP growth,, not a bad return on investment vs. what we got for the 9.3 trillion Obama added to the debt
 
Conservative said:
So we haven't completed 2018 yet and already PROJECTIONS FOR 2019?? Wonder how that almost 4% GDP growth and 3.5 million new taxpayers are going to impact that number? Does it matter? Since when does debt matter to you? Obama, 9.3 trillion added to the debt in 8 years didn't seem to phase you
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lol...are yo counting that $12Billion of pure socialism to your 4% math?

4% GDP :lamo
 
calamity said:
lol...are yo counting that $12Billion of pure socialism to your 4% math?

4% GDP :lamo
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12 billion on a 19 TRILLION economy amounts to what percentage? 12 billion of pure socialism?? Explain
 
Conservative said:
Oh, they matter now, actual not projected which is what you want to focus on but more importantly what are the taxpayers getting for those deficits? Right now 3.5 million new taxpayers and 4% GDP growth,, not a bad return on investment vs. what we got for the 9.3 trillion Obama added to the debt
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Obama had to pull us out of the recession your last Moron in Chief put us in.

Republicans, always destroying the economy.

One day people will wake up and realize that.
 
Conservative said:
12 billion on a 19 TRILLION economy amounts to what percentage? 12 billion of pure socialism?? Explain
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Suddenly socialism is a good thing for a Conservative. Amirite?
 
Conservative said:
Pure socialism seems to motivate the left so why the anger?
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I'm not on the Left. But, you are certainly displaying some serious hypocrisy.
 
calamity said:
lol...are yo counting that $12Billion of pure socialism to your 4% math?

4% GDP :lamo
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I think someone doesn't understand the difference between Real GPD growth and GDP growth.
Real GDP (Inflation adjusted) was 2.77%, GDP Growth was 4.74%.

But if conservative wants to throw around GDP growth numbers, we grew at 14% under Carter.
 
Conservative said:
Is that right? Better tell that to the Wall Street Journal or any other reputable source. Suggest you get a calendar before making more of a fool of yourself

https://wallstreetpit.com/13300-what-ended-the-great-recession/
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Hoover left us the Great Depression
Nixon/Ford left us paying 5x more for gasoline
Reagan bankrupted millions of farmers and destroyed the Middle Class with his voodoo economics.
Bush left Clinton a Recession
Bush 2 left Obama an even bigger recession, a housing crisis and two unfunded wars
Trump with his stupid trade war is driving us headlong into a huge economic catastrophe right now.

But, you'll continue lying to yourself because your whole identity is wrapped up in the myths you've been sold.
 
calamity said:
I'm not on the Left. But, you are certainly displaying some serious hypocrisy.
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The left ignores results and always buys rhetoric, sounds a lot like you. What economic results today are the Democrats going to change or you would like to see changed? The left always runs from data which is what you do as well
 
Conservative said:
The left ignores results and always buys rhetoric, sounds a lot like you. What economic results today are the Democrats going to change or you would like to see changed? The left always runs from data which is what you do as well
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Left left left :lol:
 
calamity said:
Hoover left us the Great Depression
Nixon/Ford left us paying 5x more for gasoline
Reagan bankrupted millions of farmers and destroyed the Middle Class with his voodoo economics.
Bush left Clinton a Recession
Bush 2 left Obama an even bigger recession, a housing crisis and two unfunded wars
Trump with his stupid trade war is driving us headlong into a huge economic catastrophe right now.

But, you'll continue lying to yourself because your whole identity is wrapped up in the myths you've been sold.
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All emotion driven rhetoric without any substance, so Reagan adding 1.7 trillion to the debt and doubling the GDP making debt 52% of GDP bankrupted us? Where did you got to school? Bush left Clinton with a recession, really? 4th qtr 1991 was over 4% GDP Growth

Not sure where you learned to do research but your comments are an embarrassment to the school you attended. Didn't address one point in that article posted nor recognized that we came out of recession in June 2009 long before recovery.org shows Obama's stimulus money being spent. TARP was repaid and recycled and it was the recapitalization of the banks that brought us out of recession.
 
Conservative said:
You have shown that you have no idea what economic results have been generated and like the left buys what you are told which makes you look foolish.
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Ironic post of the year nominee
 
calamity said:
Ironic post of the year nominee
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Noticed how you never responded to the article I posted or have countered any data posted with any of your own showing just how rhetoric trumps substance in the liberal world. Now either refute the economic data or apologize for being wrong!
 
Conservative said:
Noticed how you never responded to the article I posted or have countered any data posted with any of your own showing just how rhetoric trumps substance in the liberal world. Now either refute the economic data or apologize for being wrong!
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You'll notice I don't respond to most of what you post. And, that's because most of what you post is bull****.
 
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