• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Where is Trump's Balanced Budget?

Media_Truth

Media_Truth

DP Veteran
Joined
Dec 31, 2016
Messages
11,375
Reaction score
2,650
Gender
Male
Political Leaning
Independent
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

US_federaldeficit.png

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.
 
Oh look, folks. We have an OP who lives in that Harry Potter wave-a-wand world.

Moving on...
 
Media_Truth said:
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.
Click to expand...

If you liberals had given a crap about deficits and debt while Obama ran up ten trillion in debt during his term, you might have some credibility on the subject now. You didnt, so you dont.
 
Fletch said:
If you liberals had given a crap about deficits and debt while Obama ran up ten trillion in debt during his term, you might have some credibility on the subject now. You didnt, so you dont.
Click to expand...

Sorry, doesn't hold weight. Study your history, and look at the deficit chart in the first post. GW Bush executed the worst presidential pass-on since the depression - a banking/housing crisis, 2 wars, a bankrupt US auto industry, CEO corruption gone amuck, a dwindling stock market, etc. Once Obama fixed those problems, the deficit started dropping like a rock.
 
Mycroft said:
Oh look, folks. We have an OP who lives in that Harry Potter wave-a-wand world.

Moving on...
Click to expand...

Yes, please move on, because you're totally without a clue.
 
Neither the party for a bigger federal government nor the party for a huge federal government is going to worry about balancing the federal 'budget' so long as their congress critters enjoy a re-election rate of over 90% by not doing so.
 
Media_Truth said:
Sorry, doesn't hold weight. Study your history, and look at the deficit chart in the first post. GW Bush executed the worst presidential pass-on since the depression - a banking/housing crisis, 2 wars, a bankrupt US auto industry, CEO corruption gone amuck, a dwindling stock market, etc. Once Obama fixed those problems, the deficit started dropping like a rock.
Click to expand...

I like how a 3 decade problem is lumped all into a 6 month period and blamed on one singular person
 
Media_Truth said:
Sorry, doesn't hold weight. Study your history, and look at the deficit chart in the first post. GW Bush executed the worst presidential pass-on since the depression - a banking/housing crisis, 2 wars, a bankrupt US auto industry, CEO corruption gone amuck, a dwindling stock market, etc. Once Obama fixed those problems, the deficit started dropping like a rock.
Click to expand...

Yep, and 'fixing those problems' only required doubling the national debt.
 
Mycroft said:
Oh look, folks. We have an OP who lives in that Harry Potter wave-a-wand world.
Moving on...
Click to expand...
Fletch said:
If you liberals had given a crap about deficits and debt while Obama ran up ten trillion in debt during his term, you might have some credibility on the subject now. You didnt, so you dont.
Click to expand...

In what "reality" is blowing a trillion dollar hole in the deficit with tax cuts going to magically make the deficit better? Can you explain this magic?

Also, after hearing conservatives scream for 8 years about the deficit then suddenly not caring as soon as a Republican comes in office, you have no credibility left.
 
Crovax said:
I like how a 3 decade problem is lumped all into a 6 month period and blamed on one singular person
Click to expand...

It was much longer than 6 months. And it's going on again today. Just like GW, Trump is skyrocketing the deficit. Sorry, but this is just factual.
 
Media_Truth said:
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.
Click to expand...

Obama promised to solve America's debt problems in 3 years. Trump promised to eliminate the US debt in 8 years. Neither is right. The US debt continues to grow and politicians continue to avoid dealing with it. Bad things are coming as a result, "Make America Great" notwithstanding.
 
marke said:
Obama promised to solve America's debt problems in 3 years. Trump promised to eliminate the US debt in 8 years. Neither is right. The US debt continues to grow and politicians continue to avoid dealing with it. Bad things are coming as a result, "Make America Great" notwithstanding.
Click to expand...

True, but at least Obama reduced the horrendous GW Bush deficit. But I agree, we need a balanced budget, and neither executed that.
 
Media_Truth said:
It was much longer than 6 months. And it's going on again today. Just like GW, Trump is skyrocketing the deficit. Sorry, but this is just factual.
Click to expand...

Here was your claim "GW Bush executed the worst presidential pass-on since the depression - a banking/housing crisis, 2 wars, a bankrupt US auto industry, CEO corruption gone amuck, a dwindling stock market, etc. Once Obama fixed those problems"

Most of which happened within a 6 month period and other than the stock market being back up none of the others have been fixed
 
ttwtt78640 said:
Yep, and 'fixing those problems' only required doubling the national debt.
Click to expand...

So what is your theory? Should Obama not have fixed the GW Bush pass-on problems?
 
Crovax said:
Here was your claim "GW Bush executed the worst presidential pass-on since the depression - a banking/housing crisis, 2 wars, a bankrupt US auto industry, CEO corruption gone amuck, a dwindling stock market, etc. Once Obama fixed those problems"

Most of which happened within a 6 month period and other than the stock market being back up none of the others have been fixed
Click to expand...

If the others weren't fixed, the stock market would have never come back.
 
Media_Truth said:
So what is your theory? Should Obama not have fixed the GW Bush pass-on problems?
Click to expand...

My theory is that despite our ever increasing federal revenue our federal spending is increasing faster.

The simple fact is that annual federal income tax revenue is about $2.4T and the annual federal deficit is about $1T. In order to fix that (balance the budget) would require a FIT revenue increase of about 40% and/or the elimination of all non-defense federal discretionary spending which neither party is ever going to propose.

Obama, like Bush, Trump or any other POTUS, is only able to do what congress allows them to. The bottom line is that federal revenue is about 18% (or less) of GDP and federal spending is about 20% (or more) of GDP - no matter how large our GDP gets that (deficit spending) is not likely to change.
 
Mycroft said:
Oh look, folks. We have an OP who lives in that Harry Potter wave-a-wand world.

Moving on...
Click to expand...

Line items in the budget and the true cause of the 2018 deficits that the left wants to ignore, always blaming someone else but the reality is 4 straight years of Obama trillion dollar deficits ignored

National defense
International affairs
General science, space, and technology
Energy
Natural resources and environment
Agriculture
Commerce and housing credit
Transportation
Community and regional development
Education, training, employment and social services
Health
Medicare
Income security
Social security
Veterans benefits and services
Administration of justice
General Government
Net interest 523 Billion in 2018

https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

FIT revenue 2016 to 2018

Table 3.2. Federal Government Current Receipts and Expenditures
[Billions of dollars] Seasonally adjusted at annual rates
Bureau of Economic Analysis
Last Revised on: September 27, 2018 - Next Release Date October 26, 2018

Line 2016 2017 2018
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
1 Current receipts 3447.2 3448.4 3491.8 3514.4 3572.4 3538.8 3590.3 3533.6 3428.3 3467.4
2 Current tax receipts 2002.8 2011.1 2058.5 2065.5 2031.1 2050.9 2079.7 2058 1908.8 1943.1
3 Personal current taxes1 1522 1532.4 1551.6 1576.7 1588.1 1606.3 1625.9 1633.3 1583.9 1605.7
Click to expand...

First qtr 2017 vs 2018 1588.1 trillion vs 1583.9 -4.2 billion dollars
Second Qtr 2017 vs. 2018 1606.3 vs 1605.7 -600 MILLION

Reality thus escapes the left as tax cuts that went into effect in January 2018 are 4.8 billion less in FIT revenue vs. 2917 thus could NOT have created any trillion dollar deficits

https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=2#reqid=19&step=2&isuri=1&1921=survey
 
Media_Truth said:
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

[snip]
Click to expand...

Trump has accomplished 289 of his goals in just 20 months. He has been relentless in keeping his promises. Complaining about him not having already done everything just looks petty.
 
Media_Truth said:
True, but at least Obama reduced the horrendous GW Bush deficit. But I agree, we need a balanced budget, and neither executed that.
Click to expand...

Obama kept borrowing train-car loads of cash to keep his deficit down. His democrat team kept threatening to shut down the government if republicans did not stop resisting democrat efforts to bust open the debt ceiling. Obama wins the smoke and mirror show, while generations of future and present Americans are left holding the enormous debt repayment bill.
 
Balanced budget... sure, it’ll happen with this lot. :roll:
 
Fletch said:
If you liberals had given a crap about deficits and debt while Obama ran up ten trillion in debt during his term, you might have some credibility on the subject now. You didnt, so you dont.
Click to expand...

I was just thinking the same thing. The national debt when Obama took office was closing in on $10 trillion. When he left office the national debt had passed $20 trillion and spending was locked in at close to trillion dollar deficits for the foreseeable future so there was no easy way to correct that and keep faith with those promised money. But Obama administration added more than $10 trillion to the national debt. The national debt is now $21.6 trillion, still unsustainable and unacceptable, but so far Trump has added a whole lot less to the national debt than Obama did in his first two years.
 
OrphanSlug said:
Balanced budget... sure, it’ll happen with this lot. :roll:
Click to expand...

Name any politician who would lead us to a balanced budget without also leading us to a recession.
 
You must log in or register to reply here.
Back
Top Bottom