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

  1. #731
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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Conservative View Post
    The interest on the national debt is how much the federal government must pay on outstanding public debt each year.[B] The interest on the debt is $479 billion

    What was it again under Obama? 187 billion

    Now the total discretionary budget for 2019 was 1.359 trillion, what was it again 10 years ago??

    Need I go on showing just how partisan and out of touch with reality you are?
    How in the world is that a defense of Orange? Why talk about discretionary levels to interest on the debt? There is no relationship.
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    Re: Budget deficit smashes $1 trillion mark, the highest in seven years

    Quote Originally Posted by Conservative View Post
    Excellent summary of the Obama years by a non partisan organization, doubt you will understand the information though as you see everything through partisan eyes

    Obama's Fiscal Legacy: An Overview of Spending, Taxes, and Deficits



    Thus my statement regarding Trump, higher entitlement spending and higher interest expense due to interest rate hikes. Let's see if that sinks in?
    OH so IF it was Obama and he used CR's it shouldn't count like you are saying about Trump?
    YOU put all the debt no matter IF it was a signed budget or not on Obama so why doesn't it count for Trump
    and AGAIN I used the US Treasury web site for my info
    Debt to the Penny (Daily History Search Application)
    at the end of the say on Sept 30 2017 it was 20,244,900,016,053.51and on Oct 1 2018 it was
    21,606,948,383,546.28 NOW go get a third grader to help you subtract all those big numbers
    I will help you it is 1 Trillion 362 Billion 048 Million 367 Million 492.73

    AGAIN do I have to remind you that the Fiscal year runs from OCT 1 to the end of Sept.
    Trump has had 2 Fiscal years and both of them ( using the US Treasury info from that web site ) have had over Trillion dollar debts.
    and the recover got worse after Obama took over and did NOT start turning around till the summer of 2017 it didn't start to turn around during the Bush term in office
    and again you don't seem to know that employment always lags behind a recovery
    Unemployment kept going up till the late fall and the unemployment rate up to over 10% and when he left office it was down under 5% . a drop of over 5%
    have a nice evening

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

    Quote Originally Posted by Tbird19482 View Post
    OH so IF it was Obama and he used CR's it shouldn't count like you are saying about Trump?
    YOU put all the debt no matter IF it was a signed budget or not on Obama so why doesn't it count for Trump
    and AGAIN I used the US Treasury web site for my info
    Debt to the Penny (Daily History Search Application)
    at the end of the say on Sept 30 2017 it was 20,244,900,016,053.51and on Oct 1 2018 it was
    21,606,948,383,546.28 NOW go get a third grader to help you subtract all those big numbers
    I will help you it is 1 Trillion 362 Billion 048 Million 367 Million 492.73

    AGAIN do I have to remind you that the Fiscal year runs from OCT 1 to the end of Sept.
    Trump has had 2 Fiscal years and both of them ( using the US Treasury info from that web site ) have had over Trillion dollar debts.
    and the recover got worse after Obama took over and did NOT start turning around till the summer of 2017 it didn't start to turn around during the Bush term in office
    and again you don't seem to know that employment always lags behind a recovery
    Unemployment kept going up till the late fall and the unemployment rate up to over 10% and when he left office it was down under 5% . a drop of over 5%
    have a nice evening
    You are an absolute waste of time a pure liberal who doesn't understand data. Obama is out of office and his legacy is there for all to see, as pointed out the debt service has more than doubled thanks in part to the 9.3 trillion added to the debt. Do you understand what gives the President spending authority? Obviously not. I posted both budgets and you ignored them, I gave you the employment numbers showing that part time for economic reasons, the U-6 never got back to pre recession levels and African American unemployment today is a full 2+ points lower than our first African American President. In addition the U-6 is a full 2 points lower than Obama left Trump. 6.5 million jobs have been created in 3 years and rising, 6 million jobs were created in the previous 9 years.

    You ignore the data therefore there really isn't any reason not to ignore your rants

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

    Quote Originally Posted by Conservative View Post
    You are an absolute waste of time a pure liberal who doesn't understand data. Obama is out of office and his legacy is there for all to see, as pointed out the debt service has more than doubled thanks in part to the 9.3 trillion added to the debt. Do you understand what gives the President spending authority? Obviously not. I posted both budgets and you ignored them, I gave you the employment numbers showing that part time for economic reasons, the U-6 never got back to pre recession levels and African American unemployment today is a full 2+ points lower than our first African American President. In addition the U-6 is a full 2 points lower than Obama left Trump. 6.5 million jobs have been created in 3 years and rising, 6 million jobs were created in the previous 9 years.

    You ignore the data therefore there really isn't any reason not to ignore your rants
    I guess the 5.8 Trillion Bush added to it and the rest of the Presidents debt didn't add to it also,
    the way you talk it is ALL Obama's fault.
    and Have you ever thought that the almost 2.5 Trillion Trump has added in the last 2 years doesn't help run up the interest
    and IF you look it up Interest rates are going up
    all this adds to the amount we pay in interest
    have a nice

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

    Quote Originally Posted by Tbird19482 View Post
    I guess the 5.8 Trillion Bush added to it and the rest of the Presidents debt didn't add to it also,
    the way you talk it is ALL Obama's fault.
    and Have you ever thought that the almost 2.5 Trillion Trump has added in the last 2 years doesn't help run up the interest
    and IF you look it up Interest rates are going up
    all this adds to the amount we pay in interest
    have a nice
    Last time I checked 9.3 trillion is more debt than Reagan, GHW and GW Bush combined. Your concern about the debt is nothing more than an attempt to attack Trump again. The return on investment is what matters and although you want the federal gov't to take in more revenue I prefer the people keeping their money. Still waiting for you to explain how discretionary spending and over 2 trillion in taxes that fund discretionary items caused trillion dollar deficits? Answer the question

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

    Quote Originally Posted by Conservative View Post
    Last time I checked 9.3 trillion is more debt than Reagan, GHW and GW Bush combined. Your concern about the debt is nothing more than an attempt to attack Trump again. The return on investment is what matters and although you want the federal gov't to take in more revenue I prefer the people keeping their money. Still waiting for you to explain how discretionary spending and over 2 trillion in taxes that fund discretionary items caused trillion dollar deficits? Answer the question
    well lets see you can not compare 1988 dollars to 2017 dollars on a one to one
    you have to bring 1988 dollars up to 2017 dollars
    lets see Reagan ran it up 1.86 Trillion in 1988 dollars or 3.85 Trillion in 2017 dollars
    Bush I ran it up 1.55 T in 1991 dollars or 2.79 T in 2017 dollars
    Clinton 1.4 T in 2000 dollars or 1.99 T in 2017 dollars
    Bush II 5.85 T in 2008 dollars or 6.66T in 2017 dollars
    that totals up to 15.29 T in 2017 dollars for all of them
    just for Reagan , Bush I, and Bush II it is a total of 13.3 T in 2017 dollars
    so Obama did not run it up more in 2017 dollars then the three of them did
    Have a nice day

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

    Quote Originally Posted by Conservative View Post
    Unlike you I know there is nothing that Trump can cut that will make any difference the deficit. You have no understanding of the budget process and the difference between mandatory and discretionary spending. Why are you running from the fact that 1.47 trillion in discretionary spending funded by over 2 trillion in discretionary taxes cannot cause trillion dollar deficits. Keep fighting for higher taxes taking money away from the state and local gov't by impacting consumer spending
    Really, nothing that Trump can cut?

    So according to you then.. he has no power to cut the discretionary budget?

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

    Quote Originally Posted by MTAtech View Post
    You are underscoring Con's hypocrisy -- whose pattern is favor policies that help the rich at he expense of those struggling.

    He "says" he wants people to keep more of what they earn but was in favor of the 2017 tax provision that capped property taxes at $10,000, which made millions of middle class families pay more FIT.
    He said previously that he doesn't want people dependent upon government handouts but won't say a dissenting word against Trump's handouts to farmers that have been hurt by his tariffs.
    He's against deficits when Democrats are in leadership and makes excuses when Republicans are in power.

    Con represents the typical indoctrinated Republican voter, who has accepted Republican talking points as facts. The conservative establishment, and Trump especially, playing up the emotional touchstones of conservatism and perpetuating a sense of a vast liberal empire out to crush traditional values while forming economic policies built upon finding scapegoats, like immigrants and the Chinese, and also pitting some workers against others, such as private workers, who lost their pensions years ago, against public workers, who get pensions, in order to divide the working class -- all while corporate CEOs get hundred million golden parachutes. Thus the pro-life Kansas factory worker who listens to Rush Limbaugh will repeatedly vote for the party that is less likely to protect his safety, less likely to protect his job, and less likely to benefit him economically.
    Just to point out.. Con is anything but conservative. He is a right wing liberal. He only differs from the left wing on what he wants to spend money on and who he wants to affect with his expansion of government.

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

    Quote Originally Posted by jaeger19 View Post
    Really, nothing that Trump can cut?

    So according to you then.. he has no power to cut the discretionary budget?
    Interesting about face from Con. When Obama was president, spending was 100% on Obama. Now, Trump is powerless to address spending. Yet, according to Con, Trump is 100% responsible for a decent economy.
    "The ship of democracy, which has weathered all storms, may sink through the mutiny of those on board." -- Grover Cleveland

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

    Quote Originally Posted by MTAtech View Post
    Interesting about face from Con. When Obama was president, spending was 100% on Obama. Now, Trump is powerless to address spending. Yet, according to Con, Trump is 100% responsible for a decent economy.
    Obama was responsible for all the debt and now that Trump is in he isn't
    the Republicans had complete control of the Gov. for the first two fiscal years of Trumps Presidency and ran the debt up in each of those years more then Obama did in 4 out of the 8 years he was in office
    and they don't say a word about that, they keep saying Obama ran it up and up
    or they keep repeating the republican lie that Obama doubled the debt.
    I guess they aren't smart enough to add 11.6 T and 11.6 T and get 23.2 T
    Fact is the debt was in the 19T dollar area NOT 23 plus Trillion dollar area
    and when you show them the FACT that the ONLY two Presidents in the last 60 years to over double the debt were Republicans they don't want to hear it.
    Reagan almost tripled it and Bush II just over doubled it
    Have a nice day

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