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Thread: Current US Federal Budget Deficit

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Media_Truth View Post
    Republicans set the table for debt. Like the Bush/Cheney worst recession since the Great Depression. Your dishonesty is staggering. REPUBLICANS = HIGHER DEFICITS!!!
    Don't you think it is childish to one party or the other cares about deficits. The only real difference IMO between the two is WHAT they want to spend our money on and who they want to tax.

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Media_Truth View Post
    Republicans set the table for debt. Like the Bush/Cheney worst recession since the Great Depression. Your dishonesty is staggering. REPUBLICANS = HIGHER DEFICITS!!!
    What is it about people like you who never accept responsibilities for anything and always place blame. I gave you the post 87 that explains it to you which of course you ignored. You think a 1.4 trillion dollar budget for discretionary spending is what causes debt and that Democrats have nothing to do with the debt? Who created the entitlement programs and if you think the 1.4 trillion budget is the cause you are like most liberals, out of touch with reality. You totally ignored post 87 and that says it all about you, a total biased, partisan liberal who isn't mature enough to admit when wrong

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Greenbeard View Post
    Both Clinton and Obama lowered the deficit over the course of their terms. Republicans do the opposite. That's why it becomes more of a topic under GOP administrations.
    Obama raised the national debt by approximately 10 trillion. More than any other president, close to as much as all the other presidents put together. G.W. Bush close to 5 trillion, Bill 1.5 trillion which deserves credit to lowering the deficit to 19 billion in his last year, the amount the national debt increased. G.H.W Bush and Reagan each raised it close to 2 trillion.

    But when you look at who controlled congress, especially the house where all spending bills, the budget originates, it's been a two party affair. The Democrats controlled the House during all of Reagan and the first Bush plus the first two years of Clinton. If we give Clinton credit for lower the deficit, we also have to give the Republican House credit also as neither could have done it alone. The first six years of G.W. Bush was a total Republican affair, although the last two years was with a Democratic congress.Approximately 2.4 trillion was added by the Democratic House during Bush's last two years.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Conservative View Post
    What is it about people like you who never accept responsibilities for anything and always place blame. I gave you the post 87 that explains it to you which of course you ignored. You think a 1.4 trillion dollar budget for discretionary spending is what causes debt and that Democrats have nothing to do with the debt? Who created the entitlement programs and if you think the 1.4 trillion budget is the cause you are like most liberals, out of touch with reality. You totally ignored post 87 and that says it all about you, a total biased, partisan liberal who isn't mature enough to admit when wrong
    All your posts are nothing but dishonest BS. You still won't admit that Trump and his merry band of Republicans held the House, the Senate, and the Presidency; and all they did was lower taxes for billionaires. Corporate tax reductions also favor billionaires. The billionaires now have the money, and the middle class gets the deficit.

    corporate_Tax_Cuts_Benefit_Wealthy.jpg

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Media_Truth View Post
    All your posts are nothing but dishonest BS. You still won't admit that Trump and his merry band of Republicans held the House, the Senate, and the Presidency; and all they did was lower taxes for billionaires. Corporate tax reductions also favor billionaires. The billionaires now have the money, and the middle class gets the deficit.

    corporate_Tax_Cuts_Benefit_Wealthy.jpg
    Class envy, jealousy, and hatred motivate people like you as you ignore history. Republicans controlled the Congress the last two years of the Obama term as well, when the deficit that you tout was being reduced, not when Democrats held Congress from 2007-2011 which of course never happened in that liberal world in which you live. I gave you the reality of post 87 and you ignored because like most liberals you cannot admit when wrong.

    Still waiting for you to tell us how you give anyone a tax cut that doesn't pay Federal Income Taxes? For some reason you want to ignore that corporations hire people and are part of state and local communities and employees pay taxes. you and the other radicals are nothing but partisan liberal hacks promoting massive central gov't while refusing to acknowledge the economic results being generated now. Respond to POST 87!!

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Torus34 View Post
    there was a distinct absence of anyone willing to take the question head on.
    I took the question head on and answered you several times.

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    Re: Current US Federal Budget Deficit

    If you adjust for inflation, Feb 2012 is still the largest deficit. About 30bn more. But this what happens when spending is up 7%, 80% of which is due to social programs.

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Greenbeard View Post
    Both Clinton and Obama lowered the deficit over the course of their terms. Republicans do the opposite. That's why it becomes more of a topic under GOP administrations.
    The deficit also decreased under Bush, before the recession.

    2004 -412.7
    2005 -318.3
    2006 -248.2
    2007 -160.7

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Perotista View Post
    Obama raised the national debt by approximately 10 trillion. More than any other president, close to as much as all the other presidents put together. G.W. Bush close to 5 trillion, Bill 1.5 trillion which deserves credit to lowering the deficit to 19 billion in his last year, the amount the national debt increased. G.H.W Bush and Reagan each raised it close to 2 trillion.

    But when you look at who controlled congress, especially the house where all spending bills, the budget originates, it's been a two party affair. The Democrats controlled the House during all of Reagan and the first Bush plus the first two years of Clinton. If we give Clinton credit for lower the deficit, we also have to give the Republican House credit also as neither could have done it alone. The first six years of G.W. Bush was a total Republican affair, although the last two years was with a Democratic congress.Approximately 2.4 trillion was added by the Democratic House during Bush's last two years.
    OK, so it's fair to give credit to Democrats for the tax cuts in 1981, and the economy that followed because Democrats controlled the House, and Reagan was just along for the ride. I'm good with that. What's a bit dishonest is giving Reagan all the glory, and blaming Democrats for the deficits. Same thing with Bush II. He and the GOP get all the political credit for the tax cuts and the bubble economy, and then we are blaming Democrats for the collapse in revenue and explosion in non-discretionary and discretionary spending to deal with the financial collapse and Great Recession on Bush's watch.

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by jonny5 View Post
    The deficit also decreased under Bush, before the recession.

    2004 -412.7
    2005 -318.3
    2006 -248.2
    2007 -160.7
    LOL, that's some world class cherry picking right there! You left out the part where Bush II inherited a surplus of $128B budget then after two tax cuts the deficit went to that $413, a swing of $540B to the negative, and even at the top of the biggest bubble in generations we still ran deficits. And of course revenues during a bubble are unsustainable and so collapsed when the bubble did.

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