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U.S. deficit spikes 42% in 1st Q of fiscal year

Individual said:
A) The debt grew about 10 x under FDR.

B) I didn't mention Social Security and Medicare, simply social spending, primarily those which have no means constraint as does Social Security.
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So the debt grew by 10X under FDR -- he was fighting World War II. That debt, if the 10X is correct, means it went from $22 bil to $220 bil. What does that have to do with today's $22 TRILLION debt?

While you didn't say Social Security and Medicare specifically, since Social Security and Medicare are the biggest social programs, you can't say they weren't on your mind. If not, what evil social programs were you blaming the debt on?
 
Still waiting for the left to explain to us how the President is responsible for the deficit when there was no approved budget? Where does his spending authority come from?

In addition wonder why it is that the 9.3 trillion accumulated deficits under Obama are being ignored here and why the left hasn't even discussed the Trump budget proposals for 2019 that actually cut department budgets? Could it be that the left is clueless about the line items in the budget, basic civics, and no understanding what drove the 2018 deficit up 17%
 
Conservative said:
Still waiting for the left to explain to us how the President is responsible for the deficit when there was no approved budget? Where does his spending authority come from?

In addition wonder why it is that the 9.3 trillion accumulated deficits under Obama are being ignored
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So Trump is not responsible for his deficits but Obama is for his.

Oh, Conservative, it is good to see you still push the same nonsense after all these years.
 
Slyfox696 said:
So Trump is not responsible for his deficits but Obama is for his.

Oh, Conservative, it is good to see you still push the same nonsense after all these years.
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It isn't surprising that your civics understanding is NIL, Obama had a Democratic Congress and signed the budget, show me a signed Trump budget? Don't know what it is about liberalism that creates this kind of loyalty and people like you. same tired old BS all the time from you as if you are an Obama clone or family member. What exactly are you getting out of liberalism that warrants these kind of comments. Now run away and hide like most liberals
 
Conservative said:
Obama had a Democratic Congress and signed the budget, show me a signed Trump budget?
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According to you, under the exact same circumstances, Obama was responsible for his deficits (even though those deficits were known before he was sworn in) but Trump is not responsible for his deficits. Also, Trump had a Republican Congress his first two years, just like Obama had a Democratic Congress his first two years.

Keep pushing that propaganda Conservative, it makes me laugh.
 
Slyfox696 said:
According to you, under the exact same circumstances, Obama was responsible for his deficits (even though those deficits were known before he was sworn in) but Trump is not responsible for his deficits. Also, Trump had a Republican Congress his first two years, just like Obama had a Democratic Congress his first two years.

Keep pushing that propaganda Conservative, it makes me laugh.
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It is a waste of time dealing with people like you who are totally clueless when it comes to civics and the budget. There was no budget for 2009 and Bush operated under CR's until March, CR's were based upon 2008 numbers, Obama signed the budget and had 8 months to do something about the spending and did, 842 billion stimulus that saw employment drop 4 million

Keep showing how intellectually challenged the left is. You going to tell me how Trump spent money without Congressional authority?? Trump cut what he had control over and almost all the 2018 deficit his first budget year was entitlement growth and interest expense. Keep arguing and showing ignorance on this subject and keep ignoring the question, what is it about liberalism that creates this kind of loyalty?
 
Conservative said:
It is a waste of time dealing with people like you who are totally clueless when it comes to civics and the budget. There was no budget for 2009 and Bush operated under CR's until March, CR's were based upon 2008 numbers, Obama signed the budget and had 8 months to do something about the spending and did, 842 billion stimulus that saw employment drop 4 million

Keep showing how intellectually challenged the left is. You going to tell me how Trump spent money without Congressional authority?? Trump cut what he had control over and almost all the 2018 deficit his first budget year was entitlement growth and interest expense. Keep arguing and showing ignorance on this subject and keep ignoring the question, what is it about liberalism that creates this kind of loyalty?
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The way you have to resort to posting obvious lies cracks me up. You know they are lies because it has been told to you why you are wrong, which means you are deliberately posting falsehoods. You just keep working that propaganda, I'm enjoying it.
 
MTAtech said:
So the debt grew by 10X under FDR -- he was fighting World War II. That debt, if the 10X is correct, means it went from $22 bil to $220 bil. What does that have to do with today's $22 TRILLION debt?

While you didn't say Social Security and Medicare specifically, since Social Security and Medicare are the biggest social programs, you can't say they weren't on your mind. If not, what evil social programs were you blaming the debt on?
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1) FDR took office in March of 1933 and the debt for FY 1933 was $22,538,672,560.15 and FDR died April of 1945 a couple of months before the end of the FY when the debt had become $258,682,187,409.93 so 11X would be more correct. "Much of our debt increase afterwards is the result of Social program spending created and grown under successive Democrat presidents, especially by LBJ. But it was Wilson in 1913 who made this possible."

2) And like you said, they are funded separately and by law payout cannot exceed the existing resources. If the means don't exist, spending MUST be reduced.
 
Slyfox696 said:
The way you have to resort to posting obvious lies cracks me up. You know they are lies because it has been told to you why you are wrong, which means you are deliberately posting falsehoods. You just keep working that propaganda, I'm enjoying it.
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Yep, obvious lies to you are official data, So Obama didn't sign the 2009 budget in March 2009? Do you even know what a CR is? You keep calling my posts lies but never prove those lies with official data or links. Doesn't do much for your credibility

2009 United States federal budget - Wikipedia

What you and the radical left want to do is place all the 2009 spending on Bush with none of the revenue plus ignore that Obama's stimulus of 842 billion was for shovel ready jobs passed the end of January 2009 and saw a loss of 4 million taxpayers in 2009 as it didn't create the jobs promised. the Obama spending along with the reduction in revenue in 2009 was Obama's responsibility and led to most of the 2009 deficit
 
Individual said:
1) FDR took office in March of 1933 and the debt for FY 1933 was $22,538,672,560.15 and FDR died April of 1945 a couple of months before the end of the FY when the debt had become $258,682,187,409.93 so 11X would be more correct. "Much of our debt increase afterwards is the result of Social program spending created and grown under successive Democrat presidents, especially by LBJ. But it was Wilson in 1913 who made this possible."

2) And like you said, they are funded separately and by law payout cannot exceed the existing resources. If the means don't exist, spending MUST be reduced.
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Yeah, I guess FDR should have cut defense spending during World War 2, so the debt would be lower?

In the real world of the 1940s, after Pearl Harbor was attacked, the U.S. went from spending under $5 billion on defense annually to spending nearly $100 billion a year.

usgs_line.php


Thus, your narrative that FDR is to be *blamed* for increasing the debt -- as if the debt was more important than winning World War 2, makes as little sense as it sounds.

Moreover -- and to repeat, Social Security has never contributed to the debt, as it runs surpluses from its dedicated tax. Does it add to spending? Of course. So what? Americans benefit from Social Security and that spending is worth it.

Regarding Social Security resources, the Social Security trust fund is $2.85 trillion. But even if that fund was exhausted, Social Security could still payout 3/4 of what it pays now.
 
calamity said:
We get it. Deficits only matter when a black man is in the white house.

Thanks for removing all doubt.
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Calamity, This post is absolutely pathetic!!!! OBAMA, OBAMA, OBAMA, he was the president of the United states, he was voted into the highest office in this country and we(the people) elected him.

He was a Democrat with liberal leaning ideals, one can disagree with his policies without seeing him as a black man. Personally, I thought the guy was an amazing Cameleon who could change from acting like a polished half white man in rich donor circles to shucking and jiving with the best of them while in the presence of a large voting black crowd.

Stop throwing out the race card. It really is getting so exhausting!!!!
 
MTAtech said:
Yeah, I guess FDR should have cut defense spending during World War 2, so the debt would be lower?

In the real world of the 1940s, after Pearl Harbor was attacked, the U.S. went from spending under $5 billion on defense annually to spending nearly $100 billion a year.

usgs_line.php


Thus, your narrative that FDR is to be *blamed* for increasing the debt -- as if the debt was more important than winning World War 2, makes as little sense as it sounds.

Moreover -- and to repeat, Social Security has never contributed to the debt, as it runs surpluses from its dedicated tax. Does it add to spending? Of course. So what? Americans benefit from Social Security and that spending is worth it.

Regarding Social Security resources, the Social Security trust fund is $2.85 trillion. But even if that fund was exhausted, Social Security could still payout 3/4 of what it pays now.
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Just stating the fact about debt increase under FDR, nothing more.

I never said Social Security contributed to the debt, although the excess collected and spent does earn interest.
 
MTAtech said:
Moreover -- and to repeat, Social Security has never contributed to the debt, as it runs surpluses from its dedicated tax.
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As of yet.

Once the outlays exceed inflows, the trust fund will exchange the "special issuance" bonds for the funds necessary to pay retirees. The Treasury will simultaneously exhaust the special issuance by creating new issuance, of which the proceeds go to Social Security. Estimates for a funding gap range between now and 2022.
 
Conservative said:
Yep, obvious lies to you are official data
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No, it is in your insinuation there is any difference between the responsibility for deficits under Obama and Trump. You tried to claim deficits are Obama's fault, but not Trump's, even though they were in the exact same situation (with the obvious difference of Obama inheriting a $1.2t deficit and the worst recession in 8 years, while Trump inherited a very good economy and still raised deficits).

Keep pushing that propaganda!
 
Slyfox696 said:
No, it is in your insinuation there is any difference between the responsibility for deficits under Obama and Trump. You tried to claim deficits are Obama's fault, but not Trump's, even though they were in the exact same situation (with the obvious difference of Obama inheriting a $1.2t deficit and the worst recession in 8 years, while Trump inherited a very good economy and still raised deficits).

Keep pushing that propaganda!
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What do you call a stimulus program for shovel ready jobs that saw employment go down 4 million in 2009 and 3 million in 2010? what do you call economic policies that created the worst recovery in U.S. History from a major recession? There is a loyalty you have for liberalism and Obama that is stunning and unexplainable along with your ignorance of economics and even basic civics. You think economic policies had anything to do with deficits?

You look at federal revenue only from FIT standpoint and not the other revenue streams, you totally ignore state and local revenue increases, charities, consumer spending which is the largest component of GDP. You also ignored that Obama's stimulus was part of the 4.2 trillion Obama added to GDP in 8 years vs. 2 trillion Trump has generated in 2 years, Obama's 6 million job generated from pre recession levels in 8 years vs 5 million jobs created by Trump in 2. that isn't propaganda that is FACT!!

You look at what Obama inherited and not the economic policies that generated the results which were as stated the worst in U.S. history coming off a recession. why don't you explain to me why you have such loyalty to Obama and these economic numbers?
 
Conservative said:
What do you call a stimulus program for shovel ready jobs that saw employment go down 4 million in 2009 and 3 million in 2010? what do you call economic policies that created the worst recovery in U.S. History from a major recession? There is a loyalty you have for liberalism and Obama that is stunning and unexplainable along with your ignorance of economics and even basic civics. You think economic policies had anything to do with deficits?

You look at federal revenue only from FIT standpoint and not the other revenue streams, you totally ignore state and local revenue increases, charities, consumer spending which is the largest component of GDP. You also ignored that Obama's stimulus was part of the 4.2 trillion Obama added to GDP in 8 years vs. 2 trillion Trump has generated in 2 years, Obama's 6 million job generated from pre recession levels in 8 years vs 5 million jobs created by Trump in 2. that isn't propaganda that is FACT!!

You look at what Obama inherited and not the economic policies that generated the results which were as stated the worst in U.S. history coming off a recession. why don't you explain to me why you have such loyalty to Obama and these economic numbers?
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You're just copying and pasting the same things you always post and not even responding to the point I made.

Like I said, keep pushing that propaganda.
 
Slyfox696 said:
You're just copying and pasting the same things you always post and not even responding to the point I made.

Like I said, keep pushing that propaganda.
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Actual results aren't propaganda and what isn't surprising is you that you look at results and ignore the policies that generated those results like blaming the severity of the recession and ignoring the stimulus and economic policies that prolonged the recession. I don't copy and paste anything but actual data which you want to ignore. For some reason you want to prop up the Obama failures and do so by claiming how bad the recession was, the recession was bad but the recovery was prolonged due to a President and Congress and now radicals like you who have no understanding of the private sector and how incentive plays a role in generating results.

Why don't you be an adult and tell me what propaganda I am spreading instead of just stating an opinion? Why aren't you at least being honest about the failures of the Obama stimulus and why the recovery was so bad? Why can't you recognize incompetence and a blank resume that led to those results Obama generated. More importantly why does hatred of Trump prevent you from looking at the actual results generated? Seems this thread topic is a perfect example of never offering context to the numbers as if context doesn't play a role in the numbers

You want to ignore that the Obama recovery was a disaster and the loss of millions of jobs, the creation of part time jobs led to the reduction in revenue that impacted the deficit so you want to focus on the results again without looking at the policies that generated those results.
 
Conservative said:
I don't copy and paste anything
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:lamo :lamo :lamo

That's all you do. When you are easily proven wrong, you just go back to the same talking points over and over. You claimed Obama is responsible for deficits but Trump is not. Pure partisan hackery.

Keep pushing that propaganda, you keep cracking me up.
 
Slyfox696 said:
:lamo :lamo :lamo

That's all you do. When you are easily proven wrong, you just go back to the same talking points over and over. You claimed Obama is responsible for deficits but Trump is not. Pure partisan hackery.

Keep pushing that propaganda, you keep cracking me up.
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Your opinions are all you post, no data backing them up as data proves you wrong

Sent from my SAMSUNG-SM-G930A using Tapatalk
 
Conservative said:
Your opinions are all you post, no data backing them up as data proves you wrong
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Why do I need "data" to point out you blame Obama for deficits but not Trump, which is pure partisan hackery? No data needed, just using your own words.

But you failed me this post, Conservative. You didn't regurgitate any of your usual go to lines. I am disappointed.
 
Slyfox696 said:
Why do I need "data" to point out you blame Obama for deficits but not Trump, which is pure partisan hackery? No data needed, just using your own words.

But you failed me this post, Conservative. You didn't regurgitate any of your usual go to lines. I am disappointed.
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Because Trump has had only one budget year and hasn't generated the trillion dollars worth of deficits Obama did in 2009-10-11-12. Trump's economic policies didn't put 842 billion stimulus of gov't spending into the economy impacting GDP growth either
 
Okay, so Federal Spending was moving along on one line and Tax Revenues were moving along on another line. We were adding to deficits anyway, then Trump and Republicans decide the wealthy needed more tax cuts.

Tax Revenues ends up moved to some other trend line, below the original trend line, and the net result is additions to deficits and we break records auctioning off Debt held by the Public thus Total Debt breaks $22 Trillion in no time and by 2022 we will be adding a new $Trillion per year (assuming the economy does not have some fault coming up sending that number much much higher.)

That pretty much drives home the point that Republicans are nothing but Wealth protectors and spend anyway lunatics sending our fiscal position into a nightmare condition at the very moment in the economic cycle where tax cuts were not needed and we should be adding less to the deficit year on year.

(Cue Republicans and "conservatives" to talk about what Obama walked into with an economic disaster to deal with... i.e. comments with no respect for aggregate demand then or now, or any sense of economic reality.)
 
Bullseye said:
I've only reported the same data about eight times. I don't respond to pissant attempts at intimidation or bullying.
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That's funny, intimidation or bullying, love it. Were you one of those kids who came in last place and still got a trophy for 'winning'? Asking for proof in now bullying. Thanks for the laugh.
 
Conservative said:
Because Trump has had only one budget year
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He was President when budgets ended in Sep 2017 and Sep 2018. He was President when budgets started in Oct 2017 and Oct 2018. Just like Obama in 09 and 10.

If you blame one, you have to blame both.
 
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