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Thread: Budget deficit smashes $1 trillion mark, the highest in seven years

  1. #1051
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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Conservative View Post
    LOL, the debt down significantly? SO trillion dollar deficits are to be trumpeted because they were declining? You telling me that we should be celebrating that the 9.3 trillion Obama debt could have been worse?? Your liberal logic is typical. Declining deficits that still led to 9.3 trillion debt isn't anything to tout. I am so sorry that the federal taxpayers are now controlling more of their own money and taking that power away from your beloved federal bureaucrats
    You still havenít suggested what you would have done differently than Obama faced with the deficits he had to deal with.

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Kushinator View Post




    You didn't know Alan Krueger and Lawrense Katz walked back their study.

    Let this be a lesson to those who seek data and/or information to fit their narrative, instead of allowing data and/or to shape their narrative. People who support Trump have a powerful tendency to behave in the former.
    Pay wall..no thx
    "Have the courage to have your wisdom regarded as stupidity. Be fools for Christ. And have the courage to suffer the contempt of the sophisticated world." - Antonin Scalia

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Nickyjo View Post
    Deficit was down significantly in FY 2010 and 2011, before the GOP got to work. And of course, in his zeal to undo or outdo everything Obama did, Trump will surpass this by a significant margin, it seems. As I have said before, Democrats tend to tax and spend. Republicans tend to spend but don’t tax. Voodoo economics.
    Went down significantly after increasing it significantly. And would have stayed up except for sequestration. And Trump doesnt control the budget, just like Obama didnt. Congress is to blame, both parties, for many decades. Trump cant even undo or outdo. The problem is mandatory spending, which is on autopilot. Social spending and interest on the debt.

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by WCH View Post
    Pay wall..no thx
    Are you denying they had to retract their study?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by WCH View Post
    Pay wall..no thx
    Wonder when they are going to walk back this data?

    Labor Force Statistics from the Current Population Survey
    Original Data Value

    Series Id: LNS12032194
    Seasonally Adjusted
    Series title: (Seas) Employment Level - Part-Time for Economic Reasons, All Industries
    Labor force status: Employed
    Type of data: Number in thousands
    Age: 16 years and over
    Hours at work: 1 to 34 hours
    Reasons work not as scheduled: Economic reasons
    Worker status/schedules: At work part time
    Years: 2008 to 2019

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2008 4846 4902 4904 5220 5286 5540 5930 5851 6148 6690 7311 8029
    2009 8046 8796 9145 8908 9113 9024 8891 9029 8847 8979 9114 9098
    2010 8530 8936 9233 9178 8845 8577 8500 8800 9246 8837 8873 8935
    2011 8470 8464 8645 8652 8576 8427 8281 8788 9166 8657 8447 8171
    2012 8305 8238 7775 7913 8101 8072 8082 7974 8671 8203 8166 7943
    2013 8151 8178 7722 7964 7937 8103 8099 7816 7764 7936 7718 7827
    2014 7296 7299 7435 7509 7254 7422 7402 7177 7020 7025 6898 6856
    2015 6808 6671 6629 6608 6628 6383 6249 6423 6043 5811 6174 6084
    2016 5941 5978 6066 6006 6467 5748 5926 5995 5918 5971 5738 5621
    2017 5753 5603 5455 5279 5234 5266 5281 5237 5179 4912 4866 4986
    2018 4982 5115 4969 4952 4920 4736 4588 4368 4656 4630 4781 4657
    2019 5147 4310 4499 4654 4355 4347 3984 4381 4350 4438 4322

    Certainly looks like a lot of part time employees to most people but remember to a liberal it is the trend that matters not the fact that there remained more part time for economic reason employees when Obama left office vs what it was when the recession started with a Democratic Congress all at a cost of 9.3 trillion added to the debt. When Trump took over Obama left him with 5.7 MILLION that is now 4.3 MILLION, wonder who those 1.4 million are going to vote for??

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Conservative View Post
    Wonder when they are going to walk back this data?
    That ugly block of numbers is of no value. The Trump economy is dependent on deficits. You take the spending away, and we go into recession.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Conservative View Post
    LOL, yep a trillion dollar GDP growth seems to be a problem for you. I am done with you, not worth getting an infraction over dealing with someone so bullheaded, arrogant and stubborn.
    If an ad hom like that doesn't get you an infraction, you're pretty safe.
    The above post is a reflection of my great and unmatched wisdom. Please revere it.

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Dittohead not! View Post
    If an ad hom like that doesn't get you an infraction, you're pretty safe.
    You are about to join others, thought you used to be reasonable, but not any more. You refuse to even look at the data to confirm accuracy and still focus on a topic you don't understand, the budget and the deficit. My so called ad hom's pale in comparison to what I have been called in this forum but I don't report people. I probably should but I prefer posting official data to make my case, results that you continue to ignore

    Asked you what you wanted Trump to cut, no answer

    Asked you how a 1.47 trillion dollar discretionary budget funded by taxes for those items generating revenue of over 2 trillion dollars causes deficits, No Answer

    Asked you to provide the return on investment the American people got from the Obama Administration for the debt vs. Trump, no answer

    Asked you where the state and local governments get most of their money, No Answer

    You certainly refuse to answer direct questions as this is a debate forum and in debate your opinions don't win debates facts do

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Nickyjo View Post
    You still haven’t suggested what you would have done differently than Obama faced with the deficits he had to deal with.
    Certainly have, I would have created shovel ready jobs that actually created jobs not see 4 million gone. I would have promoted the private sector not the public sector like Reagan and Trump have done. You are blinded by loyalty to a liberal ideology because you believe spending in the name of compassion is the answer and the Federal bureaucrats need your money more than you need it yourself. the Obama economy didn't generate the results necessary to grow the revenue, he created part time jobs for economic reasons, he supposedly saved jobs that didn't do anything to bring us out of recession, he didn't generate the economic growth or real job creation worthy of the debt generated. Compare that to Trump if you dare

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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Conservative View Post
    Certainly have, I would have created shovel ready jobs that actually created jobs not see 4 million gone. I would have promoted the private sector not the public sector like Reagan and Trump have done. You are blinded by loyalty to a liberal ideology because you believe spending in the name of compassion is the answer and the Federal bureaucrats need your money more than you need it yourself. the Obama economy didn't generate the results necessary to grow the revenue, he created part time jobs for economic reasons, he supposedly saved jobs that didn't do anything to bring us out of recession, he didn't generate the economic growth or real job creation worthy of the debt generated. Compare that to Trump if you dare
    How would you have created "shovel ready jobs?" Exactly how.

    And how you would you have "promoted the private sector"...

    Exactly how... Please give a detailed analysis of what you would have done.

    thanks..

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