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

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.
Republicans tend to spend cut taxes and run up the debt
it is a fact in Trump's first two fiscal years the Republicans had complete control of the Gov. and ran the debt up more in those two years then Obama ran it up in 4 out of the 8 years he was in office
What ever happened to Trumps promise to cut the debt and not run it up any more
have a nice day
 
Interesting how your idea of economic growth is seeing GDP drop by almost 300 billion dollars in 2016.

In 2016, more than 2.4 million jobs were created. Your cherry-pick is of no value.

Unlike you I understand what caused the deficit thus the debt

You've only shown yourself to be willfully ignorant.

Just so you are aware: it's poor economic policy to push deficit growth during periods of low unemployment.
 
You are a liar. How can anyone be so ignorant as to believe their inability to comprehend data points will not be checked?

Using total non-farm payroll data from December 2013 until December 2016, 8.053 million jobs were created.

From December 2016 until December 2019, 6.940 jobs were created.

That's 1.13 million more jobs created in the final three years (where you highlight nominal GDP) of the Obama administration than the past three years under Trump. You'll no doubt cower away from these facts. You're not capable of responding to a persons post with integrity and intelligence. You don't represent the BLS, and you don't have the slightest idea about what data analysis entails.

95% of Obama's jobs were PT or contract. smoke&mirrors.

Nearly 95% of all new jobs during Obama era were part-time, or contract By Investing.com
 
Listen carefully, Medicare for All takes away incentive for private businesses to offer healthcare to their employees and that leads to total gov't control of healthcare

As for GM, do you know the difference between a LOAN and a takeover?? Bailout?? Loans were repaid, where did the repayment go??

Of course, if there is an option for Medicare for all, and if that's the least expensive/best option, then private health insurers will have a hard time competing. That's why the health care lobby is so dead set against Medicare for all.

Still the government actually owned a piece of GM for a time. That's the closest we've come to socialism in modern times. Fortunately, that era is past and GM is once again fully capitalistic, just like the rest of the economy.
 
In 2016, more than 2.4 million jobs were created. Your cherry-pick is of no value.



You've only shown yourself to be willfully ignorant.

Just so you are aware: it's poor economic policy to push deficit growth during periods of low unemployment.

Yes, so what, slow recovery and high cost? at the end of 2016 there were just 152 million people employed up 6 million from 2008. Obama's economic policies promoted the public sector, Trump the private sector. We have a predominantly private sector economy. Obama's focus on the public sector is why the recovery was so poor
 
:laughat:



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.

BLS shows high part time jobs, do they need to walk back their OFFICIAL DATA?
 
Of course, if there is an option for Medicare for all, and if that's the least expensive/best option, then private health insurers will have a hard time competing. That's why the health care lobby is so dead set against Medicare for all.

Still the government actually owned a piece of GM for a time. That's the closest we've come to socialism in modern times. Fortunately, that era is past and GM Yis once again fully capitalistic, just like the rest of the economy.

You on Medicare? I am and quite frankly basic Medicare sucks, had better private sector insurance which there is no incentive for companies with Medicare for all. This country isn't set up for Medicare for all as it will drive out incentive and do what all single payers do create long wait times
 
That is the problem the word "SEEMS" to be going ok, not sure where you live but obviously under a rock not noticing what is going on all around you. I celebrate successes such as 6.6 million new taxpayers created by the Trump economy, 1.4 million fewer part time for economic reason employees due to the Trump economy, and millions of African Americans now working due to the Trump economy thus generating historic low unemployment and surging support for Trump. Get your head out of the books, out of this forum listening to radicals here spreading gloom and doom, and get out into the community to see what is happening. The silent majority is out there and will let their voice be known in November

You and the other liberals in this thread look foolish when people try to reconcile your rhetoric with their bank accounts. You aren't changing any minds here and apparently actual data won't change any liberal mind either

What's foolish is calling it the "Trump Economy" when it started growing years before Trump was elected and when the president has little control over the economy anyway.

Trump said he was in favor of a health care for all, paid for by the government. Remember that?
 
You on Medicare? I am and quite frankly basic Medicare sucks, had better private sector insurance which there is no incentive for companies with Medicare for all. This country isn't set up for Medicare for all as it will drive out incentive and do what all single payers do create long wait times

Yes, I'm on Medicare. It works well for me. It' a lot better than what some friends who are nearly, but not quite, old enough for Medicare have. Some of them do without health insurance because it is too costly. People wait for Medicare, hoping that they don't get seriously ill before they're 65.
 
BLS shows high part time jobs, do they need to walk back their OFFICIAL DATA?

No it doesn't.

fredgraph.png


Not to mention, the study that was cited was debunked.
 
No it doesn't.

fredgraph.png


Not to mention, the study that was cited was debunked.

Love those pretty charts that mean nothing to the 5.7 million who were part time for economic reasons when Trump took office, that is 4.3 million today. It was 4.8 million when the recession began so 9.3 trillion added to the debt generated worse U-6 than when the recession started, that is a liberal success story to a gov't employee that apparently you are.
 
No it doesn't.

fredgraph.png


Not to mention, the study that was cited was debunked.

Let's put some context into the graph and put actual numbers of people, you do know what people are right?

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

Do you recognize pre recession numbers? do you recognize that when Obama left office those numbers were still higher? Do you recognize what they were Obama's first term? Do you know what they are now?

Guess it is easy to look at a line graph and forget that people make up those numbers and slope doesn't tell the entire story. Book smart people don't realize real people exist
 
Yes, I'm on Medicare. It works well for me. It' a lot better than what some friends who are nearly, but not quite, old enough for Medicare have. Some of them do without health insurance because it is too costly. People wait for Medicare, hoping that they don't get seriously ill before they're 65.

Great, glad you are happy, I had better care when I was employed. Healthcare is costly because of regulations and abuses. taking away competition will drive up cost and Medicare for all is a disaster as it is incapable of undoing the existing programs we have and supporting 330 MILLION Americans
 
Love those pretty charts that mean nothing to the 5.7 million who were part time for economic reasons when Trump took office, that is 4.3 million today.

This is a meaningless statement. No matter how hard you try to twist data to suit your partisan agenda, the Trump economy is moving along at the same pace it was moving when he became POTUS.



You don't need to respond to the same post twice, especially if you're not going to offer anything other than a defeated talking point.
 
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This is a meaningless statement. No matter how hard you try to twist data to suit your partisan agenda, the Trump economy is moving along at the same pace it was moving when he became POTUS.

What is meaningless is someone like you telling those 5.7 million part time employees for economic reasons that they are better off under Obama because the slope of the graph is in the right direction. The slope doesn't matter the numbers of people do. 5.7 million to 4.3 million today, Obama's average is closer to 8 million per month and never got back to pre recession people. You really don't understand people who are human beings not lines on a graph
 
What is meaningless is someone like you telling those 5.7 million part time employees for economic reasons that they are better off under Obama

The economy was moving in this direction. Trump's economic policy has not led to growth above trend, and is dependent on the federal deficit.
 
The economy was moving in this direction. Trump's economic policy has not led to growth above trend, and is dependent on the federal deficit.

Trends my ass, Trump inherited a slowing economy and doubled the GDP dollar growth that he inherited, that is reality, yours is nothing but partisan ignorance.
 
Trends my ass

Just because you don't agree with the data doesn't negate it's reality. The economy is growing no faster now than it was when Trump won the election.

Trump inherited a slowing economy and doubled the GDP dollar growth that he inherited, that is reality, yours is nothing but partisan ignorance.

Nominal GDP is irrelevant, and your obsession with it shows your extreme ignorance.
 
Just because you don't agree with the data doesn't negate it's reality. The economy is growing no faster now than it was when Trump won the election.



Nominal GDP is irrelevant, and your obsession with it shows your extreme ignorance.

Percentage wise, NO, dollar wise, you obviously are math challenged, what do these numbers tell you?

DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18715.0 490.2
2017 19519.4 804.4
2018 20580.2 1006.1

490 billion dollar growth in 2016 when supposedly all those jobs were created that you tout and 804 the next year and then over a trillion dollar growth which will even be better in 2019.

Nominal dollars affect the American people how?? You really don't understand human beings do you? they aren't a line on a graph and they recognize what you don't the Obama economy was a failure except for the public sector and bureaucrats of which you must be one. You would never survive in the private sector
 
Percentage wise, NO, dollar wise, you obviously are math challenged, what do these numbers tell you?

It is invalid to compare nominal dollar growth. We are moving in a trend that was established long ago.
 
It is invalid to compare nominal dollar growth. We are moving in a trend that was established long ago.

You think the American public gives a damn about nominal dollars? You act like a computer, no human understanding. The American people did NOT benefit from the Obama economy and voted down his legacy as they recognized that in 8 years he generated only 6 million new jobs and most of those jobs were part time for economic reasons.
 
You think the American public gives a damn about nominal dollars?

This is a meaningless question. You do not represent the American people. You represent the lowest common denominator in terms of critical thinking and integrity.

d0cc00740a.png


Furthermore, rGDP growth for 2018 was revised down to 2.5%.
 
This is a meaningless question. You do not represent the American people. You represent the lowest common denominator in terms of critical thinking and integrity.

d0cc00740a.png


Furthermore, rGDP growth for 2018 was revised down to 2.5%.

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.
 
LOL, yep a trillion dollar GDP growth seems to be a problem for you.

It's not a problem... it just doesn't tell you as much about the growth of the economy.

I am done with you

Uh huh. You never make good on your promises. It's probably why Trump resonates with you so well....
 
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