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Deficit-swelling Trump White House plans to use deficit against Democrats

Tbird19482 said:
So you want to put part of Bush's budget and debt on Obama?
and part of Obama's on Trump
I don't know where you get your info from but IF you read the Constitution you will see it says that the Incoming President does not take over the Budget/ and now the debt toll Oct 1 of the year he takes office.
So Obama took over the budget and the debt on Oct 1 of 2009 and was responsible for it from then ( NOT the day he took office ) till Sept 30 2017
have a nice afternoon
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No surprise, I posted the link that you refused to read.

bye :2wave:
 
Born Free said:
Sorry that is how it is recorded by all the presidents, from the day they took over to the day they leave.

What's the best way to determine how much each president has contributed to our nation's $22 trillion in U.S. debt? The most popular method involves comparing the debt level from when a president enters office to the debt level when he leaves.

US Debt by President: By Dollar and Percent

I'm done

Bye :2wave:
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did you even bother to read the article you posted
here is just part of it

Measurement Shortcomings

But these aren't very accurate ways to measure the debt created by each president. Why?

The president doesn't have much control over the debt added during his first year in office. The budget for that fiscal year was already set by the previous president.



For example, President Bush took office in January 2001. He submitted his first budget in February, but that covered Fiscal Year 2002, which didn't begin until October 1. For the first nine months of his new term, Bush had to live with President Clinton's last budget.

That was FY 2001, which continued until September 30, 2001. This timing difference explains why no new president is accountable for the budget deficit in his first year in office.

While the time lag makes it seem confusing, the federal fiscal year works that way to give the new president time to put together his budget during his first month in office.



You can measure the debt by a president by summing up his budget deficits. The president is responsible for his budget priorities.

The deficit by president reveals how much deficit was in each year's budget.
you should also read this part of your Article
The Top Five Contributors by Percent
President Reagan increased the debt by 186 percent.

President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.

Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest.


all this info was in The article YOU posted
maybe you should have read it
have a nice day
 
Fletch said:
It wont be. In fact, I am willing to bet that the fiscally responsible democrats in the House will not pass a budget with a lower year over year deficit
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House Democrats didn't run on the premise of balancing the budget.

Just in case you've forgotten:

 
Rogue Valley said:
Deficit-swelling Trump White House plans to use deficit against Democrats

https://cdn.cnn.com/cnnnext/dam/assets/190108210946-02-trump-immigration-address-large-169.jpg[img]



The White House plan is to slash every program and leave military funding the same. However, the military budget would actually be increased due to White House plans to raid the Overseas Contingency Operations (OCO) fund, which no previous administration has ever before raided, and then add these pilfered funds to the Pentagon base budget.

As always with Republicans, they spend like mad dogs while in office, and then demand drastic spending cuts from succeeding Democrat administrations when they are the minority party. This is also the Trump/GOP recipe.

[B]Related: [url="https://www.nationalpriorities.org/campaigns/overseas-contingency-operations/"]Overseas Contingency Operations: The Pentagon Slush Fund[/url][/B][/QUOTE]

Whats the alternative? Elect democrats who will do even worse? Trump at least proposed a budget which would cut the deficit to 400bn in 10 years. Not good enough, but Im not seeing anythign better from the democrats other than raise taxes.
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jonny5 said:
Trump at least proposed a budget which would cut the deficit to 400bn in 10 years.
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Based off of the most ridiculous assumptions on future economic growth. And as the recent data release has proven, Trump couldn't stimulate the economy to grow anymore than it did during the Obama administration.

Don't be a sucker for the lies of a conman.
 
Integrityrespec said:
The Trump deficit is hardly as large as the O'Bama deficit/debt and with all the issues with the military and needs along the border, the need to ease up regulations on business and the like, the debt was bound to grow in the first few years. We will see if the economic growth helps ease that problem in the future. If Democrats get the whit house the growth of the debt will be tripled at least with the New green Deal and the Medicare for all.
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I have to ask where do you get your info from?
according to the US treasury web site trump has already by passed 5 out of Obama's 8 years in office and came close to getting the 6th

Trumps in his first fiscal year ran the debt up 1..259 Trillion dollars

Here is Obama's years
1st fiscal year it went up 1.65 Trillion dollars
2nd Fiscal year 1.22 Trillion dollars ( less then Trumps first fiscal year )
3rd fiscal year 1.26 Trillion dollars ( just over Trumps first fiscal year )
4th fiscal year 671.9 BILLION dollars ( way below Trumps first fiscal year )
5th fiscal year 1.085 Trillion ( another one less then Trumps first fiscal year )
6th fiscal year 326,5 BILLION dollars (way below Trumps first fiscal year )
7th Fiscal year 1.42 Trillion dollars
8th fiscal year 671 BILLION dollars ( another year way under trumps first fiscal year in office )

You can add Obama's 4th and 6th years together and the both of them COMBINED are less then Trump's first fiscal year
AND Obama's 6th and 8th years together and they Combined are less then Trump's first fiscal year

all this info can be found on the US Treasury web site ( put in the dates the fiscal year starts and subtract it from the day it ends to find the amount of debt added.

Debt to the Penny (Daily History Search Application)

and IF you do a little research you will find that the Economy does better when there is a Dem. in the White houe then when a republican is.

Have a nice day
 
jghiretire said:
Not sure they know what "research" actually is.
My question is, if Hillary had rigged it, don't you think she would have rigged it so she won??
Interesting how that part gets so overlooked.
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I would say she would have
Trump is the one who said it was rigged
He just never told us in who's favor it was rigged in.
Did he know something he wasn't telling us and still hasn't
sorry for the mistake it should have been research

have a nice day
 
Kushinator said:
House Democrats didn't run on the premise of balancing the budget.

Just in case you've forgotten:

Click to expand...


Thats because they dont give a **** about deficits and neither do you.
 
Tbird19482 said:
I would say she would have
Trump is the one who said it was rigged
He just never told us in who's favor it was rigged in.
Did he know something he wasn't telling us and still hasn't
sorry for the mistake it should have been research

have a nice day
Click to expand...
Research definition is - careful or diligent search.
 
Fletch said:
Thats because they dont give a **** about deficits and neither do you.
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Once again: deficit reduction should only occur when the economy is running at or above it's productive capacity. When we go into recession, or if the economy looks to be poised for a sharp decline, deficit spending bridges an output gap. Your opinions of political economy clearly stem from partisan ignorance.
 
Kushinator said:
Once again: deficit reduction should only occur when the economy is running at or above it's productive capacity. When we go into recession, or if the economy looks to be poised for a sharp decline, deficit spending bridges an output gap. Your opinions of political economy clearly stem from partisan ignorance.
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I didnt say anything about deficits themselves. I said that neither you nor democrats give a crap about deficits and the dems will not pass spending bills that reduce year over year deficits.
 
Mycroft said:
Republicans don't control the House.

Your whataboutism is dismissed.
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As noted before, The Great Tendency: democrats tax and spend; republicans spend but don’t tax. That’s why in recent decades we have had lower or decreasing deficits with democrats in power, the opposite when republicans take over. Both parties spend but accuse the other party of warped priorities.
 
Fletch said:
I said that neither you nor democrats give a crap about deficits
Click to expand...

I do care about deficits... when the economy is operating at it's output potential:

fredgraph.png


It's when rGDP is below pGDP that we should accelerate deficit growth, and when rGDP is above pGDP that we should decelerate deficit growth. You don't know anything about my position because it stems entirely from positive economics.

and the dems will not pass spending bills that reduce year over year deficits.
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They won't have to... we are going to be in a recession in a year (red line falls below the blue line).
 
Fletch said:
I didnt say anything about deficits themselves. I said that neither you nor democrats give a crap about deficits and the dems will not pass spending bills that reduce year over year deficits.
Click to expand...

Maybe you should look at the facts:

US_federaldeficit.png

See that negative deficit - that was Clinton/Gore. See the deficit from 2012 to 2017 - that was Obama. Now look at the years of the Republican presidencies. Do you see any falling deficits?
 
ludin said:
Right now the deficit is getting too high again.
they need to get it under control.

that will never happen.
we are spending ourselves into the pit that we can't get out of.
Click to expand...

The point I was trying to make is the deficit is too high in terms of where we are in the economic cycle. We have had GDP growth and economic expansion for so long now that eventually there will be some sort of contraction.

Tax revenues and spending should start to align when the economy is doing well, hence our deficits should fall. But that is not what is happening. Tax cuts and spend anyway mentality has forced deficits to go the wrong direction.

And that means when we do have some sort of aggregate demand fault we will be in a condition where we are already adding to Debt held by the Public and Total Debt some $Trillion per year for FY 2019 going forward. And that will get that much worse when we actually do experience some sort of economic fault.
 
Media_Truth said:
Maybe you should look at the facts:

View attachment 67251992

See that negative deficit - that was Clinton/Gore. See the deficit from 2012 to 2017 - that was Obama. Now look at the years of the Republican presidencies. Do you see any falling deficits?
Click to expand...

I find it amazing that when a Democrat is in the WH the Congress means nothing and it is all Democratic President's results but vice versa with a Republican in the WH. This discredited chart shows no context or understanding of economic policies and actual results Stunning ignorance by the radical left, Obama had a Democratic Congress in 2009-2010 and a Democratic Senate 2009-2014 with four straight years of trillion dollar deficits so where is that in your chart? Stop letting the left make a fool out of you
 
OrphanSlug said:
The point I was trying to make is the deficit is too high in terms of where we are in the economic cycle. We have had GDP growth and economic expansion for so long now that eventually there will be some sort of contraction.

Tax revenues and spending should start to align when the economy is doing well, hence our deficits should fall. But that is not what is happening. Tax cuts and spend anyway mentality has forced deficits to go the wrong direction.

And that means when we do have some sort of aggregate demand fault we will be in a condition where we are already adding to Debt held by the Public and Total Debt some $Trillion per year for FY 2019 going forward. And that will get that much worse when we actually do experience some sort of economic fault.
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On the contrary when the economy is strong as you claimed why isn't spending being cut? Why aren't social programs excluding Medicare and SS being returned to the states? Why hasn't the Trump budget proposal for 2019 even been discussed?

For some reason big gov't liberals like you always want to focus on Federal Income taxes and federal revenue but never federal waste, fraud, and abuse along with social overreach.
 
Conservative said:
On the contrary when the economy is strong as you claimed why isn't spending being cut? Why aren't social programs excluding Medicare and SS being returned to the states? Why hasn't the Trump budget proposal for 2019 even been discussed?

For some reason big gov't liberals like you always want to focus on Federal Income taxes and federal revenue but never federal waste, fraud, and abuse along with social overreach.
Click to expand...

Don't hijack another thread with your nonsense.

Trump's budget proposal being ignored does not alleviate his responsibility in signing off on all other spending legislation coming out of Congress (nor does it ignore how that is being handled over the past 6 or more Congresses at least... including those under Republican control,) spending cuts also originate in Congress and Republicans did nothing over those two years they controlled Congress to deal with that, and Social Safety Net programs being returned to the states is a political position of yours.
 
OrphanSlug said:
Don't hijack another thread with your nonsense.

Trump's budget proposal being ignored does not alleviate his responsibility in signing off on all other spending legislation coming out of Congress (nor does it ignore how that is being handled over the past 6 or more Congresses at least... including those under Republican control,) spending cuts also originate in Congress and Republicans did nothing over those two years they controlled Congress to deal with that, and Social Safety Net programs being returned to the states is a political position of yours.
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To be fair, actual spending legislation that gets signed is the least of our problems. Its all the mandatory spending that democrats put in place, and which Republicans are afraid to touch, that are causing us the most trouble. Even military spending is DOWN from 10 years ago. Meanwhile, healthcare spending alone has nearly doubled. Affordable Care just meant moving the cost to the taxpayers.

Trump needs to be vetoing these bills, but he wont. And congress wont deal with it either. Nothing will change till the people throw them all out or the bottom 50% start paying their fair share if they want all these social programs.
 
OrphanSlug said:
Don't hijack another thread with your nonsense.

Trump's budget proposal being ignored does not alleviate his responsibility in signing off on all other spending legislation coming out of Congress (nor does it ignore how that is being handled over the past 6 or more Congresses at least... including those under Republican control,) spending cuts also originate in Congress and Republicans did nothing over those two years they controlled Congress to deal with that, and Social Safety Net programs being returned to the states is a political position of yours.
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Right, what spending legislation did he sign off on that led to the 17% increase in the 2018 deficit, Trump's first budget year? Discretionary spending isn't the problem entitlement and debt service are. Where was your outrage over the 9.3 trillion Obama added to the debt?

Seems to me that you and the others tout the Obama reduction in the deficit during the last few years of his term so can you tell me what Congress does in that liberal world in which you live?

You seem to have that typical leftwing double standard and total ignorance of basic civics and how our gov't works
 
OrphanSlug said:
The point I was trying to make is the deficit is too high in terms of where we are in the economic cycle. We have had GDP growth and economic expansion for so long now that eventually there will be some sort of contraction.

Tax revenues and spending should start to align when the economy is doing well, hence our deficits should fall. But that is not what is happening. Tax cuts and spend anyway mentality has forced deficits to go the wrong direction.
Click to expand...

Nonsense. These congress morons don't know what a budget cut is. To them a budget cut is not getting 20% increase and only getting a 10% increase.
We are spending too much money.

And that means when we do have some sort of aggregate demand fault we will be in a condition where we are already adding to Debt held by the Public and Total Debt some $Trillion per year for FY 2019 going forward. And that will get that much worse when we actually do experience some sort of economic fault.
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and it will be congreses fault because they can't stop spending like drunken sailors.
 
Integrityrespec said:
The Trump deficit is hardly as large as the O'Bama deficit/debt and with all the issues with the military and needs along the border, the need to ease up regulations on business and the like, the debt was bound to grow in the first few years. We will see if the economic growth helps ease that problem in the future. If Democrats get the whit house the growth of the debt will be tripled at least with the New green Deal and the Medicare for all.
Click to expand...
As has been said already, Obama didn't create the deficit, it was the result of mainly lower revenue due to the recession. What would you have done, raise taxes and cut services just when the unemployed need them the most?

When there was 10% unemployment, Republicans were all deficit scolds, demanding spending cuts because a large deficit was 'such a dire problem.' Now, with unemployment low, Republicans don't care about deficits.

Moreover, regarding spending, look at the spending during Bush and Obama.

usgs_line.php
 
Conservative said:
Right, what spending legislation did he sign off on that led to the 17% increase in the 2018 deficit, Trump's first budget year? Discretionary spending isn't the problem entitlement and debt service are. Where was your outrage over the 9.3 trillion Obama added to the debt?

Seems to me that you and the others tout the Obama reduction in the deficit during the last few years of his term so can you tell me what Congress does in that liberal world in which you live?

You seem to have that typical leftwing double standard and total ignorance of basic civics and how our gov't works
Click to expand...

What did Democrats do? They let the upper income portions of the Bush tax-cuts expire in 2013. Those, coupled with the special taxes for the ACA ad the improving economy, brought in a lot more revenue.


fredgraph.png
 
Rogue Valley said:
Deficit-swelling Trump White House plans to use deficit against Democrats

190108210946-02-trump-immigration-address-large-169.jpg




The White House plan is to slash every program and leave military funding the same. However, the military budget would actually be increased due to White House plans to raid the Overseas Contingency Operations (OCO) fund, which no previous administration has ever before raided, and then add these pilfered funds to the Pentagon base budget.

As always with Republicans, they spend like mad dogs while in office, and then demand drastic spending cuts from succeeding Democrat administrations when they are the minority party. This is also the Trump/GOP recipe.

Related: Overseas Contingency Operations: The Pentagon Slush Fund
Click to expand...

What? Are you saying that politicians are going to engage in political attacks against their opponents? Who wooda ever thunk.
 
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