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The Two Santa Claus Republican Tactic

Media_Truth

Media_Truth

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I'd like to thank JasperL for opening my eyes to this Republican tactic that has been bankrupting America since the 1980s. I always wondered why the deficit always rises during Republican presidencies. It is actually a calculated strategy. It's a gift from Santa Claus.

If you think budget shortfalls violate conservative economic principles, you've forgotten Reaganomics.

With his signing of a budget deal Friday morning, a Republican president has now joined forces with a Republican-controlled Congress to increase the projected 2019 deficit from $710 billion to $1.15 trillion. And that's in just two months, the time it took to add spending increases to the effect of the $1.5 trillion tax overhaul enacted in January.

https://www.bloomberg.com/view/articles/2018-02-09/republicans-deficits-and-the-two-santa-theory
 
Media_Truth said:
I'd like to thank JasperL for opening my eyes to this Republican tactic that has been bankrupting America since the 1980s. I always wondered why the deficit always rises during Republican presidencies. It is actually a calculated strategy. It's a gift from Santa Claus.

If you think budget shortfalls violate conservative economic principles, you've forgotten Reaganomics.

With his signing of a budget deal Friday morning, a Republican president has now joined forces with a Republican-controlled Congress to increase the projected 2019 deficit from $710 billion to $1.15 trillion. And that's in just two months, the time it took to add spending increases to the effect of the $1.5 trillion tax overhaul enacted in January.

https://www.bloomberg.com/view/articles/2018-02-09/republicans-deficits-and-the-two-santa-theory
Click to expand...

You probably should have read the whole article. The two santa's refer to the republican Santa of cutting taxes and the democrat santa of increased govt spending
 
Crovax said:
You probably should have read the whole article. The two santa's refer to the republican Santa of cutting taxes and the democrat santa of increased govt spending
Click to expand...

I did read the whole article. The point of the article is that the Republicans are now the Party of increased government spending - Reagan, GW, and now Trump. Heavily increased spending. Heavy deficits. That's why Rand Paul is so upset.
 
Media_Truth said:
I did read the whole article. The point of the article is that the Republicans are now the Party of increased government spending - Reagan, GW, and now Trump. Heavily increased spending. Heavy deficits. That's why Rand Paul is so upset.
Click to expand...

I like how the GOP congress stops Obama and Clinton from spending and they are fiscally responsible and the Democrat congress spends under Reagan and GWB and they are big govt spenders

Congress holds the power of the purse not the president
 
Crovax said:
I like how the GOP congress stops Obama and Clinton from spending and they are fiscally responsible and the Democrat congress spends under Reagan and GWB and they are big govt spenders

Congress holds the power of the purse not the president
Click to expand...

President has to approve also...
 
Crovax said:
I like how the GOP congress stops Obama and Clinton from spending and they are fiscally responsible and the Democrat congress spends under Reagan and GWB and they are big govt spenders

Congress holds the power of the purse not the president
Click to expand...

OK, and which party now holds the congressional majority in House (and Senate)?
 
ttwtt78640 said:
OK, and which party now holds the congressional majority in House (and Senate)?
Click to expand...

Exactly! Raising the deficit is part of the Republican tactic. Trump bankrupted his personal corporations, and sought protection from the Federal Government. Who will he go to seek bankruptcy protection for our nation?
 
Media_Truth said:
I'd like to thank JasperL for opening my eyes to this Republican tactic that has been bankrupting America since the 1980s. I always wondered why the deficit always rises during Republican presidencies. It is actually a calculated strategy. It's a gift from Santa Claus.

If you think budget shortfalls violate conservative economic principles, you've forgotten Reaganomics.

With his signing of a budget deal Friday morning, a Republican president has now joined forces with a Republican-controlled Congress to increase the projected 2019 deficit from $710 billion to $1.15 trillion. And that's in just two months, the time it took to add spending increases to the effect of the $1.5 trillion tax overhaul enacted in January.

https://www.bloomberg.com/view/articles/2018-02-09/republicans-deficits-and-the-two-santa-theory
Click to expand...

Yes, while R's like to accuse D's of being tax and spend. The Republicans borrow and blow money faster than a college kid with mom and dad's credit card.
 
Media_Truth said:
Exactly! Raising the deficit is part of the Republican tactic. Trump bankrupted his personal corporations, and sought protection from the Federal Government. Who will he go to seek bankruptcy protection for our nation?
Click to expand...

Nope, deficit spending is a bipartisan congressional tactic that results in a congressional re-election rate of over 90% - in political terms, that makes it very popular. Increasing federal spending is simply more popular than increasing federal taxation is. The reason that we have a federal deficit is super simple - federal taxation is under 18% of GDP and federal spending is over 21% of GDP which generates an annual federal deficit of about 4% of GDP.
 
Media_Truth said:
I'd like to thank JasperL for opening my eyes to this Republican tactic that has been bankrupting America since the 1980s. I always wondered why the deficit always rises during Republican presidencies. It is actually a calculated strategy. It's a gift from Santa Claus.

If you think budget shortfalls violate conservative economic principles, you've forgotten Reaganomics.

With his signing of a budget deal Friday morning, a Republican president has now joined forces with a Republican-controlled Congress to increase the projected 2019 deficit from $710 billion to $1.15 trillion. And that's in just two months, the time it took to add spending increases to the effect of the $1.5 trillion tax overhaul enacted in January.

https://www.bloomberg.com/view/articles/2018-02-09/republicans-deficits-and-the-two-santa-theory
Click to expand...

It is sad that we have to engage in this conversation so many times but it appears we have no choice.

Three very important things about "government spending and debt."

One, our fiscal position has always been a quagmire ever since going with more or less a Fiat Money system. A major takeaway from this monetary system is the ability to sever the value of money from the economic cycle, while commodity based valuations of money made the volatile the consequence of "it shall be" value to money is it becomes far too easy to devalue currency in exchange for the ability to increase money supply. Politically speaking that opened the door to spending regardless of economic intention, allowing for literally funding votes. Exchanging a vote for a monetary promise no matter if it is less contribution in tax, more spending from government, or some terrible combination of the two.

Two, our economic condition tends to get ignored when Congress (and the President) is in consideration of any given budget or legislation that impacts spending in some regard. Most modern economic theory is based on the idea of lessening the amplitude of the economic cycle by spending via deficit in bad times and being fiscally conservative in good times. But in terms of politics, that does not happen at all. We tend to spend more year on year regardless of the condition of the economy and we argue about how much we increase year on year with little regard for economics. What should we be spending and on what tends to be discarded for what influences a vote. Republicans and Democrats both do this.

Three, there is some truth to the idea that Democrats like to tax and spend while Republicans like to cut taxes and still spend anyway. But the reality is we have had very few instances where federal outlays have been less than income for a given year. And it has really only been pulled off a few years in modern times, happened to take a Republican Congress and a Democratic President riding one hell of an economic boom. 1998 to 2001, Clinton and the 105th and 106th Congresses. Other than that no matter who is in control of the White House and Congress we've generally seen deficits, some far worse than others. Republicans will cut taxes claiming economic reasons but often we are talking about pacifying wealth while still spending anyway. Democrats will talk about taxation and "fair share" but that has nothing to do with fiscal responsibility and everything to do with spending. We see it, the numbers do not lie.

There is no doubt that we have seen horrible deficits and others not so bad, but they are still there and we should be looking at what the economic conditions were at the time to justify or be critical of those deficits. The underline issue is our GDP includes government spending, and I've argued for years that our economy is now dependent on deficit spending. But I've also argued all the above and most of the numbers are on my side that Republicans and Democrats both tend to ignore economics for politics. There is some truth to the idea that Republicans tend to fall to deficits faster than their counterparts but Republicans are not alone in deficit reasoning.

But the underline argument is not deficits themselves, the argument is why.
 
ttwtt78640 said:
Nope, deficit spending is a bipartisan congressional tactic that results in a congressional re-election rate of over 90% - in political terms, that makes it very popular. Increasing federal spending is simply more popular than increasing federal taxation is. The reason that we have a federal deficit is super simple - federal taxation is under 18% of GDP and federal spending is over 21% of GDP which generates an annual federal deficit of about 4% of GDP.
Click to expand...

I don't see it as a bipartisan tactic. After his first two years of cleaning up GW Bush's messes (2 wars, housing/banking crisis, bankrupt US auto industry, CEOs gone amuk, etc.), Obama reduced the deficit for 6 years, with a decent, thriving economy. Trump inherits a decent economy, and starts building huge deficits. Under Clinton/Gore, the US actually achieved a budget surplus.

Republicans are utilizing deficit spending and debt-building as a political popularity tactic.
 
ttwtt78640 said:
Nope, deficit spending is a bipartisan congressional tactic that results in a congressional re-election rate of over 90% - in political terms, that makes it very popular. Increasing federal spending is simply more popular than increasing federal taxation is. The reason that we have a federal deficit is super simple - federal taxation is under 18% of GDP and federal spending is over 21% of GDP which generates an annual federal deficit of about 4% of GDP.
Click to expand...

Maybe someday, a Congress will get elected that will actually pass a budget...but I won't hold my breath.
 
Media_Truth said:
I don't see it as a bipartisan tactic. After his first two years of cleaning up GW Bush's messes (2 wars, housing/banking crisis, bankrupt US auto industry, CEOs gone amuk, etc.), Obama reduced the deficit for 6 years, with a decent, thriving economy. Trump inherits a decent economy, and starts building huge deficits. Under Clinton/Gore, the US actually achieved a budget surplus.

Republicans are utilizing deficit spending and debt-building as a political popularity tactic.
Click to expand...

Obama, like every other POTUS, either signs or vetoes the 'budget' bills that are presented by congress.
 
Media_Truth said:
I'd like to thank JasperL for opening my eyes to this Republican tactic that has been bankrupting America since the 1980s. I always wondered why the deficit always rises during Republican presidencies. It is actually a calculated strategy. It's a gift from Santa Claus.

If you think budget shortfalls violate conservative economic principles, you've forgotten Reaganomics.

With his signing of a budget deal Friday morning, a Republican president has now joined forces with a Republican-controlled Congress to increase the projected 2019 deficit from $710 billion to $1.15 trillion. And that's in just two months, the time it took to add spending increases to the effect of the $1.5 trillion tax overhaul enacted in January.

https://www.bloomberg.com/view/articles/2018-02-09/republicans-deficits-and-the-two-santa-theory
Click to expand...


Rather interesting that all of a sudden Obama is a Republican President adding 9.3 trillion to the debt more than Reagan, GHW and GW Bush combined and those Republicans were in office 20 years.

Seems that you constantly blame Republicans for having a budget that is 2/3 entitlement spending all created by Democrats and also ignore the FACT that DEBT SERVICE is now the Number 4 budget item behind Defense, SS, and Medicare but that fact escapes the radical left who still wants to give the bureaucrats that created the debt more money to waste. Totally illogical

Now it is Santa Claus that allows people to keep more of what they earn?? Sounds like a great Democratic Slogan for the fall, "I tried to keep those Republicans from allowing you to keep more of what you earn, VOTE FOR ME"

Not really sure what your problem is but you certainly have selective researching ability and always posting partisan rhetoric blaming Republicans for every evil in this country.

Every FEDERAL INCOME TAX cut has led to increased Federal Income Tax revenue and the fact that you never post actual data from Treasury shows nothing but partisan leftwing socialist rhetoric. It is a shame how poorly informed you truly are
 
ttwtt78640 said:
Obama, like every other POTUS, either signs or vetoes the 'budget' bills that are presented by congress.
Click to expand...

Yes, but will you agree that Obama inherited the mess mentioned - (2 wars, housing/banking crisis, bankrupt US auto industry, CEOs gone amuk, etc.)... After that, it started coming down.

YEAR DEFICIT DEBT INCREASE
2009 $1,413 $1,632 9.8% Stimulus Act.
2010 $1,294 $1,905 8.6% Obama tax cuts. ACA. Simpson-Bowles.
2011 $1,300 $1,229 8.3% Debt crisis.
2012 $1,087 $1,276 6.7% Fiscal cliff.
2013 $679 $672 4.0% Sequester. Government shutdown.
2014 $485 $1,086 2.7% Debt ceiling.
2015 $438 $327 2.4% Defense = $736.4 b.
2016 $585 $1,423 3.1% Defense = $767.3 b.
2017 $665 $672 3.4% Defense = $812.3 b.
2018 (est) $833 NA NA Defense = $824.7 b.
2019 (est) $984 NA NA
2020 (est) $987 NA NA

https://www.thebalance.com/us-deficit-by-year-3306306
 
Media_Truth said:
I don't see it as a bipartisan tactic. After his first two years of cleaning up GW Bush's messes (2 wars, housing/banking crisis, bankrupt US auto industry, CEOs gone amuk, etc.), Obama reduced the deficit for 6 years, with a decent, thriving economy. Trump inherits a decent economy, and starts building huge deficits. Under Clinton/Gore, the US actually achieved a budget surplus.

Republicans are utilizing deficit spending and debt-building as a political popularity tactic.
Click to expand...


I know I have posted this many times before but you seem to ignore it. TARP ended the recession NOT Obama but Obama did create the worst recovery in U.S. History from a recession. Seems like nothing but partisan rhetoric so how about posting the deficits by year for Obama and what the country got for those deficits?

https://wallstreetpit.com/13300-what-ended-the-great-recession/

The radical left loves to point to Tax revenue as a percentage of GDP but never debt as a percentage of GDP, wonder why? Want to post those numbers for Republican Presidents as well? do you not understand that Congress authorizes the spending not the President? From 2007-2011 who controlled the Congress
 
Media_Truth said:
Yes, but will you agree that Obama inherited the mess mentioned - (2 wars, housing/banking crisis, bankrupt US auto industry, CEOs gone amuk, etc.)... After that, it started coming down.

YEAR DEFICIT DEBT INCREASE
2009 $1,413 $1,632 9.8% Stimulus Act.
2010 $1,294 $1,905 8.6% Obama tax cuts. ACA. Simpson-Bowles.
2011 $1,300 $1,229 8.3% Debt crisis.
2012 $1,087 $1,276 6.7% Fiscal cliff.
2013 $679 $672 4.0% Sequester. Government shutdown.
2014 $485 $1,086 2.7% Debt ceiling.
2015 $438 $327 2.4% Defense = $736.4 b.
2016 $585 $1,423 3.1% Defense = $767.3 b.
2017 $665 $672 3.4% Defense = $812.3 b.
2018 (est) $833 NA NA Defense = $824.7 b.
2019 (est) $984 NA NA
2020 (est) $987 NA NA

https://www.thebalance.com/us-deficit-by-year-3306306
Click to expand...

What an incredibly poor post on your part, what exactly did those actions generate? Wasn't the Stimulus supposed to create new taxpayers? What tax cuts were implemented, FIT? What was sequester? Defense spending is a budget item and yet you believe that is a bad thing?? What is the debt service on the current budget deficit?

You post numbers, no context and no explanation expecting that these mean something, they don't because quite frankly you have no idea what you are talking about
 
Mycroft said:
Maybe someday, a Congress will get elected that will actually pass a budget...but I won't hold my breath.
Click to expand...

It just might help if we elected a POTUS that would veto anything short of a balanced budget - but I won't hold my breath either.
 
Conservative said:
Rather interesting that all of a sudden Obama is a Republican President adding 9.3 trillion to the debt more than Reagan, GHW and GW Bush combined and those Republicans were in office 20 years.

Seems that you constantly blame Republicans for having a budget that is 2/3 entitlement spending all created by Democrats and also ignore the FACT that DEBT SERVICE is now the Number 4 budget item behind Defense, SS, and Medicare but that fact escapes the radical left who still wants to give the bureaucrats that created the debt more money to waste. Totally illogical

Now it is Santa Claus that allows people to keep more of what they earn?? Sounds like a great Democratic Slogan for the fall, "I tried to keep those Republicans from allowing you to keep more of what you earn, VOTE FOR ME"

Not really sure what your problem is but you certainly have selective researching ability and always posting partisan rhetoric blaming Republicans for every evil in this country.

Every FEDERAL INCOME TAX cut has led to increased Federal Income Tax revenue and the fact that you never post actual data from Treasury shows nothing but partisan leftwing socialist rhetoric. It is a shame how poorly informed you truly are
Click to expand...

Partisan drivel. Maybe the only way you'll understand, is if the news comes from FOX (their Business News is a little more objective). FAUX News quit reporting deficit spending.

"Such high and rising debt would have serious negative consequences for the budget and the nation," said CBO Director Keith Hall. "In particular, the likelihood of a fiscal crisis in the United States would increase."

Republicans controlling Washington have largely lost interest in taking on the deficit, an issue that has fallen in prominence in recent years. Trump has ruled out cuts to Social Security and Medicare, and Capitol Hill Republicans have failed to take steps against the deficit since Trump took office.

https://www.foxbusiness.com/markets/analysis-tax-cuts-spending-to-raise-deficit-to-1t-by-2020
 
Media_Truth said:
Yes, but will you agree that Obama inherited the mess mentioned - (2 wars, housing/banking crisis, bankrupt US auto industry, CEOs gone amuk, etc.)... After that, it started coming down.

YEAR DEFICIT DEBT INCREASE
2009 $1,413 $1,632 9.8% Stimulus Act.
2010 $1,294 $1,905 8.6% Obama tax cuts. ACA. Simpson-Bowles.
2011 $1,300 $1,229 8.3% Debt crisis.
2012 $1,087 $1,276 6.7% Fiscal cliff.
2013 $679 $672 4.0% Sequester. Government shutdown.
2014 $485 $1,086 2.7% Debt ceiling.
2015 $438 $327 2.4% Defense = $736.4 b.
2016 $585 $1,423 3.1% Defense = $767.3 b.
2017 $665 $672 3.4% Defense = $812.3 b.
2018 (est) $833 NA NA Defense = $824.7 b.
2019 (est) $984 NA NA
2020 (est) $987 NA NA

https://www.thebalance.com/us-deficit-by-year-3306306
Click to expand...

Yep, the national debt doubled under Obama - he will be remembered as a very fiscally responsible POTUS.
 
Media_Truth said:
Partisan drivel. Maybe the only way you'll understand, is if the news comes from FOX (their Business News is a little more objective). FAUX News quit reporting deficit spending.

"Such high and rising debt would have serious negative consequences for the budget and the nation," said CBO Director Keith Hall. "In particular, the likelihood of a fiscal crisis in the United States would increase."

Republicans controlling Washington have largely lost interest in taking on the deficit, an issue that has fallen in prominence in recent years. Trump has ruled out cuts to Social Security and Medicare, and Capitol Hill Republicans have failed to take steps against the deficit since Trump took office.

https://www.foxbusiness.com/markets/analysis-tax-cuts-spending-to-raise-deficit-to-1t-by-2020
Click to expand...

My news comes from the official sites of the U.S. govt. bea.gov, bls.gov. and Treasury.org. Republicans are taking on the deficit through economic growth, your idea is through higher taxes which destroy economic growth. You are the one that lacks a basic understanding as to the components of the debt and the role of the US Govt. which isn't to earn a profit but rather to generate a return on those tax cuts which is happening today.

Seems that you always prefer opinion pieces to actual data, opinions never win debates, never win court cases, and never pay the bills. There is nothing partisan about the official data coming from the Bank of the United States. Wonder if you call your bank statement partisan drivel?
 
ttwtt78640 said:
Yep, the national debt doubled under Obama - he will be remembered as a very fiscally responsible POTUS.
Click to expand...

OK, but you didn't answer the question that I posed.
 
Conservative said:
My news comes from the official sites of the U.S. govt. bea.gov, bls.gov. and Treasury.org. Republicans are taking on the deficit through economic growth, your idea is through higher taxes which destroy economic growth. You are the one that lacks a basic understanding as to the components of the debt and the role of the US Govt. which isn't to earn a profit but rather to generate a return on those tax cuts which is happening today.

Seems that you always prefer opinion pieces to actual data, opinions never win debates, never win court cases, and never pay the bills. There is nothing partisan about the official data coming from the Bank of the United States. Wonder if you call your bank statement partisan drivel?
Click to expand...

Partisan slant. Just like the FOX Business Article. You fit the description to a T.

Republicans controlling Washington have largely lost interest in taking on the deficit, an issue that has fallen in prominence in recent years.
 
Media_Truth said:
Partisan slant. Just like the FOX Business Article. You fit the description to a T.

Republicans controlling Washington have largely lost interest in taking on the deficit, an issue that has fallen in prominence in recent years.
Click to expand...

Partisan slant?? SO Treasury data is partisan? Explain how the official data of the United States is partisan? Again as pointed out what is debt service??
 
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