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

Samwise said:
Why would a politician risk his job to either propose spending cuts or to propose tax increases. What does he care? He gets his pay and his perks regardless.
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Bingo!
Tax cuts are popular, but spending cuts are not. Popularity wins elections after all. Balanced budgets don't.
 
mrjurrs said:
The Great Society ended in the 60's, the 'wop' continues. Was the GS working?
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I'm only familiar with Medicare. Without that, we seniors would have no access to health care at all. That's definitely a success. The rest of it? Well, I looked it up and found this:


This research underscores a significant point, all too often misunderstood in both policy and intellectual circles today. Poverty in America​-​the sort of material deprivation people knew back in the 1960s​-​has been all but eliminated. This should not be a surprise, considering both the many intervening decades of general economic advancement and the tremendous outlays of government antipoverty funds, currently averaging about $9,000 in total expenses and $7,000 in transfer value per year for every person in our nation designated as a recipient in need.
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Sounds like the answer is yes.
 
Kushinator said:
Was the Republican Congress responsible for revenue growth??? Because that's what drives deficit reduction.
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Probably as much as Bill Clinton. The GOP congress had to pass the legislation either to help or hinder growth and Bill had to sign it into law. Congress and the president more or less has to agree. Congress is usually never strong enough to over ride a presidential veto and the president can't write and pass budgets and legislation.
 
Perotista said:
I don't think it really matters if it is 50-50 or 52-48 or whatever. You could look at it at as with a Democratic congress and Obama during his first two years, the debt rose approximately 3.5 trillion. Then with Obama and a Republican House, those deficits did come down. Now Bush's final two years seen an increase in the debt of around 3 trillion, Republican president, Democratic congress.

Now it might be better to have a Republican Congress and a Democratic president if one looks at the Bill Clinton years. The deficits shrunk from 350 billion down to 19 billion in Bill's last year. It does seem to me that since Bill Clinton and his Republican congress, everyone stopped worrying about the debt.
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did you ever think that in the first two years under Obama we were just starting to come out of a Great Recession?
fact is there is only basically two way to get out of a deep recession / depression spend your way out or get into a war like WWII
and the Debt has gone up almost as much as Obama's first two years under a " good economy " under Trump
a Republican President and a Republican Congress
have a nice night
 
Perotista said:
We've averaged a trillion dollar deficit every year since the end of FY 2007. What this tells me is that neither major party gives a damn about it. We went from approximately 9 trillion at the end of FY 2007 to 23 trillion today and counting. Neither party has a leg to stand on when it comes to the national debt. Neither party has a right to complain about it. Until one or the other or both start to do something about it, I would suggest they keep their complaints to themselves.

Our debt has been a two party affair all along. 2007-2008, Democratic House, senate and a GOP president. 2009-2010, Democratic House, Senate and President. 2011-2014, Republican House, Democratic senate, Democratic president. 2015-2016 Republican House, Republican senate, Democratic president. 2017-2018 Republican House, Republican Senate, Republican president 2019-present, democratic house, Republican senate, Republican president.

The house has to write and pass the budget, spending bills. Then the senate must pass the budget, spending bills and the president must sign it into law. Each chamber of congress and each president is responsible. Each had their function to fulfill and each has dirty hands.

I'm sick and tired of seeing democrats complain about the deficits when there is a republican president and republicans complaining about the deficits and debt when we have a democratic president. Then both parties forget the deficit and debt even exist when the president is of their own party.

Am I the only one who sees the total hypocrisy in all of this?
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Are there any threads discussing solutions to the problems constantly being complained about?
 
Perotista said:
Probably as much as Bill Clinton. The GOP congress had to pass the legislation either to help or hinder growth and Bill had to sign it into law. Congress and the president more or less has to agree. Congress is usually never strong enough to over ride a presidential veto and the president can't write and pass budgets and legislation.
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The point being, revenue growth was a result of strong economic growth. That's driven by markets....
 
Conservative said:
Define working? did it solve the poverty problem? Why is it that federal social programs never cost what they are supposed to cost, do what they were supposed to do, actually solve a problem then go away? the GS has not ended as it is still being paid for today and part of the U.S. budget. Suggest you find out what makes up the Great Society programs
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Poverty is like an incurable disease, government can only relieve the symptom, while the cure depends solely on the actions of the afflicted, who often as a result of government actions have become quite addicted.
 
Conservative said:
How would Americans benefit from taking from the rich and giving it to the poor? Do you have any understanding what incentive is or has your entitlement mentality taken over completely?
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It is not just giving the money to the poor. It is giving the rich's money to the middle and working classes too.

Tax cuts for the rich do not benefit those who are not rich. For us they mean tax increases, cuts in government spending programs that benefit us, and/or more national debt.
 
SmartCat said:
It is not just giving the money to the poor. It is giving the rich's money to the middle and working classes too.

Tax cuts for the rich do not benefit those who are not rich. For us they mean tax increases, cuts in government spending programs that benefit us, and/or more national debt.
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So the entitlement mentality is alive and well in your world? Tax cuts to the rich is nothing more than allowing to rich to keep MORE OF WHAT THEY EARN and that really bothers you, jealousy and class envy.

You continue to dodge the issue of personal responsibility and the reality that the deficits reflect the results of a unified budget where now debt services is the fourth largest budget item and entitlement spending consumers 2/3 of the budget. You really have no idea what taxes you pay or their purpose and by all means continue to ignore that Obama added more debt than Reagan, GW Bush and Trump has combined
 
Individual said:
Are there any threads discussing solutions to the problems constantly being complained about?
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No, none. Perhaps no one wants to solve it. Personally, I believe congress and the president, both chambers of congress and the president must want to address the issue. Being willing to do what it takes which is never the case. To solve the problem it will take both, I repeat both tax increases and spending cuts. It will be handing out pain all around. Where we stand today is Republicans totally against tax increases and Democrats totally against any spending cuts. Besides each only looks as far as the next election.

Most in the house view the future as 2 years hence. Not what may happen 10 or 20 years from now. A third of the senate has the same view of the future, what happens after two years is no concern to them. A third are just looking four years ahead with the rest six years. The president takes it four years at a time. What happens after four years, not a problem to him, he'll be out of office and can always blame preceding president's and congress's.

Republicans are worried if they raise taxes, they'll lose votes and not get reelected. Democrats fear if they cut spending, they'll lose votes and not get reelected. Solve a much needed problem, no way if solving that problem puts my reelection in danger.

This is the problem with the debt in my view. Other problems that could be solved aren't because they're too valuable as campaign issues, immigration, gun control, healthcare, social security reform, taxes and more. To solve these and the ever rising debt takes the solved issue off the table when it comes to the next election. Neither side wants that.

I'll stop here, I don't want to write a book. The bottom line is I blame both major parties for our unsolvable problems. Which one you want to blame more than the other or make excuses for, I don't think that is important. As long as both are unwilling to address and lack the will to solve these problems, which side hold more blame than the other is meaningless. My two cents anyway.
 
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Perotista said:
No, none. Perhaps no one wants to solve it. Personally, I believe congress and the president, both chambers of congress and the president must want to address the issue. Being willing to do what it takes which is never the case. To solve the problem it will take both, I repeat both tax increases and spending cuts. It will be handing out pain all around. Where we stand today is Republicans totally against tax increases and Democrats totally against any spending cuts. Besides each only looks as far as the next election.

Most in the house view the future as 2 years hence. Not what may happen 10 or 20 years from now. A third of the senate has the same view of the future, what happens after two years is no concern to them. A third are just looking four years ahead with the rest six years. The president takes it four years at a time. What happens after four years, not a problem to him, he'll be out of office and can always blame preceding president's and congress's.

Republicans are worried if they raise taxes, they'll lose votes and not get reelected. Democrats fear if they cut spending, they'll lose votes and not get reelected. Solve a much needed problem, no way if solving that problem puts my reelection in danger.

This is the problem with the debt in my view. Other problems that could be solved aren't because they're too valuable as campaign issues, immigration, gun control, healthcare, social security reform, taxes and more. To solve these and the ever rising debt takes the solved issue off the table when it comes to the next election. Neither side wants that.

I'll stop here, I don't want to write a book. The bottom line is I blame both major parties for our unsolvable problems. Which one you want to blame more than the other or make excuses for, I don't think that is important. As long as both are unwilling to address and lack the will to solve these problems, which side hold more blame than the other is meaningless. My two cents anyway.
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I doubt seriously that ANY problems will ever be solved until voters of all political leanings make an effort to find solutions that a large majority of them can agree to, and then demand elected politicians make such changes.
 
Conservative said:
So the entitlement mentality is alive and well in your world? Tax cuts to the rich is nothing more than allowing to rich to keep MORE OF WHAT THEY EARN and that really bothers you, jealousy and class envy.

You continue to dodge the issue of personal responsibility and the reality that the deficits reflect the results of a unified budget where now debt services is the fourth largest budget item and entitlement spending consumers 2/3 of the budget. You really have no idea what taxes you pay or their purpose and by all means continue to ignore that Obama added more debt than Reagan, GW Bush and Trump has combined
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Really?
all of them COMBINED
why don't you do some research before posting ?
lets see
How much each U.S. president has contributed to the national debt - MarketWatch
Obama took it up 8.59Trillion
Reagan took it up 1.86 T ( in 1988 dollars ) Bush I 1.55 T ( in 1992 dollars ) and Bush II took it up 5.85T ( in 2009 dollars) now without bringing that total up to 2017 Dollars the total for the three of them is 9.26T
and add in the 3 or so Trillion Trump has added and it is way over what Obama added to the debt
IF you bring those totals up to 2017 dollars it comes out to Reagan 3.85 T Bush I 2.71 T Bush II 6.66T for a total of 13.22T in 2017 Dollars
Obama's total is already in 2017 dollars
So again you don't know what you are talking about and are trying to compare apples to oranges
Now don't forget to add Trumps 3 T or so to that total and you will see the amount you say they ran it up is way over what Obama did
and one more thing Obama did NOT double the debt like the Republican lies says
the ONLY two Presidents to do that in the last 50 years were REPUBLICANS Reagan almost tripled it and Bush II just over doubled it
Please do some research on a subject before you post
Have a nice day
 
Tbird19482 said:
Really?
all of them COMBINED
why don't you do some research before posting ?
lets see
How much each U.S. president has contributed to the national debt - MarketWatch
Obama took it up 8.59Trillion
Reagan took it up 1.86 T ( in 1988 dollars ) Bush I 1.55 T ( in 1992 dollars ) and Bush II took it up 5.85T ( in 2009 dollars) now without bringing that total up to 2017 Dollars the total for the three of them is 9.26T
and add in the 3 or so Trillion Trump has added and it is way over what Obama added to the debt
IF you bring those totals up to 2017 dollars it comes out to Reagan 3.85 T Bush I 2.71 T Bush II 6.66T for a total of 13.22T in 2017 Dollars
Obama's total is already in 2017 dollars
So again you don't know what you are talking about and are trying to compare apples to oranges
Now don't forget to add Trumps 3 T or so to that total and you will see the amount you say they ran it up is way over what Obama did
and one more thing Obama did NOT double the debt like the Republican lies says
the ONLY two Presidents to do that in the last 50 years were REPUBLICANS Reagan almost tripled it and Bush II just over doubled it
Please do some research on a subject before you post
Have a nice day
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Too bad you forget very valid points.

What was the interest rate with the debt left by previous presidents?
 
Individual said:
I doubt seriously that ANY problems will ever be solved until voters of all political leanings make an effort to find solutions that a large majority of them can agree to, and then demand elected politicians make such changes.
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Yes, exactly. The question then comes to what degree are the people, the large majority going to do if the elected officials ignore them. Will they be willing to vote their own congressman, senator, president out of office if those elected officials are of the same party they are? I think not. When we have wave elections, it is usually independents who break big one way or the other. Not those who identify with either party. 2018 blue wave wasn't caused by Republicans who deserted their own party's candidates. They voted for their candidates 94% while Democrats voted for their 95%. Independents gave the House by voting Democratic 54-42. The same for 2010, another wave election, that time red. Independents voted Republican 56-37 while we had 94% of Republicans voting for their candidate, 93% of Democrats for theirs. The same thing 2006 in a blue wave election. Independents voted Democratic 57-39 while those who identified themselves with both major parties voted for their candidates 93%. You can take this back to 1994 and further to find approximately the same percentages.

I don't think party loyalist will ever vote against their party's candidates even if it mean holding them accountable for not solving the debt crisis or any other problem.
 
Tbird19482 said:
Really?
all of them COMBINED
why don't you do some research before posting ?
lets see
How much each U.S. president has contributed to the national debt - MarketWatch
Obama took it up 8.59Trillion
Reagan took it up 1.86 T ( in 1988 dollars ) Bush I 1.55 T ( in 1992 dollars ) and Bush II took it up 5.85T ( in 2009 dollars) now without bringing that total up to 2017 Dollars the total for the three of them is 9.26T
and add in the 3 or so Trillion Trump has added and it is way over what Obama added to the debt
IF you bring those totals up to 2017 dollars it comes out to Reagan 3.85 T Bush I 2.71 T Bush II 6.66T for a total of 13.22T in 2017 Dollars
Obama's total is already in 2017 dollars
So again you don't know what you are talking about and are trying to compare apples to oranges
Now don't forget to add Trumps 3 T or so to that total and you will see the amount you say they ran it up is way over what Obama did
and one more thing Obama did NOT double the debt like the Republican lies says
the ONLY two Presidents to do that in the last 50 years were REPUBLICANS Reagan almost tripled it and Bush II just over doubled it
Please do some research on a subject before you post
Have a nice day
Click to expand...

Here is the math you want to ignore as again you continue to blame Presidents starting with the beginning of the fiscal year instead of when they took office. Budgets are guidelines not mandatory spending appropriation bills. Once again you prove your total lack of education in civics and even Presidential responsibility

Presidents are responsible for the budget the day they take office and can spend or not spending whatever has been appropriated. Please explain to me what Obama did with the 350 billion TARP repayments for loans given out by Bush? Explain to me why the shovel ready stimulus bill signed in Mid February 2009 didn't create the new taxpayers promised and how he did create record numbers of part time for economic reason employees who will never pay the FIT that full time employees pay

Reagan 1.7 trillion added to the debt in 8 years
GW Bush 4.9 trillion in 8 years
Trump 2.4 trillion in 4 years

Total 8.4 trillion by those three Presidents vs. Obama's 9.3 trillion. Amazing how biased, partisan and ignorant you are of reality and actual data. So happy that you tout the 9.3 trillion added by Obama by claiming that it could have been much worse. that is really comforting, thank you and have a nice day
 
Lord of Planar said:
Too bad you forget very valid points.

What was the interest rate with the debt left by previous presidents?
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What is quite telling is that Debt service is not the FOURTH LARGEST BUDGET ITEM due to interest rate hikes, 7 times since Trump took office
 
Lord of Planar said:
Too bad you forget very valid points.

What was the interest rate with the debt left by previous presidents?
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OH I have to ask just what do interest rates have to do with the debt
YES it does go on the debt but it is also already included in the debt.
and again Conservative wants to compare apples to oranges
You can't compare 1988 dollars to 2017 dollars
and even IF you added the 350 or so billion to Obama's debt it still would not add up to what Reagan, Bush II and Trump total debt
have a nice day
 
Conservative said:
Here is the math you want to ignore as again you continue to blame Presidents starting with the beginning of the fiscal year instead of when they took office. Budgets are guidelines not mandatory spending appropriation bills. Once again you prove your total lack of education in civics and even Presidential responsibility

Presidents are responsible for the budget the day they take office and can spend or not spending whatever has been appropriated. Please explain to me what Obama did with the 350 billion TARP repayments for loans given out by Bush? Explain to me why the shovel ready stimulus bill signed in Mid February 2009 didn't create the new taxpayers promised and how he did create record numbers of part time for economic reason employees who will never pay the FIT that full time employees pay

Reagan 1.7 trillion added to the debt in 8 years
GW Bush 4.9 trillion in 8 years
Trump 2.4 trillion in 4 years

Total 8.4 trillion by those three Presidents vs. Obama's 9.3 trillion. Amazing how biased, partisan and ignorant you are of reality and actual data. So happy that you tout the 9.3 trillion added by Obama by claiming that it could have been much worse. that is really comforting, thank you and have a nice day[/QUOTE ) Again you can NOT compare 1988 dollars to 2017 dollars , it is like comparing apples and oranges
Bring Reagan's 1.7 T up to 2017 dollars and you have 3.85 T dollars
Bring Bush II 's 5.85 T up to 2017 dollars and you have 6.66 T
and where do you get that Trump will have 2.4 T in 4 years??
Trump in his first two Fiscal years is already at 2.718,326,470,554.87 and IF you take it from his first day in office it is ( Jan 20, 2017 19,947,304,555,212.49 and as of Jan 16, 2020 it was 23,204,331,499,429.68 )
3,257,026,944,217.19
So taking Reagan's 1.7 T , Bush II ' s 5.87 T and Trumps 3,257 T you get 10,827 T that is in the dollars for the time they were in office NOT 2017 dollars or 1.527T MORE then Obama.
So from what you say Trump is going to have to cut the debt a lot before jan. 19 2021
and if you bring them all up to 2017 dollars the total of Trump ( total so far of 3.257 T ) / Bush II and Reagan's debt it would be 13.76 T
have a nice day
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Tbird19482 said:
Conservative said:
Here is the math you want to ignore as again you continue to blame Presidents starting with the beginning of the fiscal year instead of when they took office. Budgets are guidelines not mandatory spending appropriation bills. Once again you prove your total lack of education in civics and even Presidential responsibility

Presidents are responsible for the budget the day they take office and can spend or not spending whatever has been appropriated. Please explain to me what Obama did with the 350 billion TARP repayments for loans given out by Bush? Explain to me why the shovel ready stimulus bill signed in Mid February 2009 didn't create the new taxpayers promised and how he did create record numbers of part time for economic reason employees who will never pay the FIT that full time employees pay

Reagan 1.7 trillion added to the debt in 8 years
GW Bush 4.9 trillion in 8 years
Trump 2.4 trillion in 4 years

Total 8.4 trillion by those three Presidents vs. Obama's 9.3 trillion. Amazing how biased, partisan and ignorant you are of reality and actual data. So happy that you tout the 9.3 trillion added by Obama by claiming that it could have been much worse. that is really comforting, thank you and have a nice day[/QUOTE ) Again you can NOT compare 1988 dollars to 2017 dollars , it is like comparing apples and oranges
Bring Reagan's 1.7 T up to 2017 dollars and you have 3.85 T dollars
Bring Bush II 's 5.85 T up to 2017 dollars and you have 6.66 T
and where do you get that Trump will have 2.4 T in 4 years??
Trump in his first two Fiscal years is already at 2.718,326,470,554.87 and IF you take it from his first day in office it is ( Jan 20, 2017 19,947,304,555,212.49 and as of Jan 16, 2020 it was 23,204,331,499,429.68 )
3,257,026,944,217.19
So taking Reagan's 1.7 T , Bush II ' s 5.87 T and Trumps 3,257 T you get 10,827 T that is in the dollars for the time they were in office NOT 2017 dollars or 1.527T MORE then Obama.
So from what you say Trump is going to have to cut the debt a lot before jan. 19 2021
and if you bring them all up to 2017 dollars the total of Trump ( total so far of 3.257 T ) / Bush II and Reagan's debt it would be 13.76 T
have a nice day
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So tell me do we pay debt service on the debt at the end of the Reagan or Bush terms in current dollars? Let's just admit that you have no idea what you are talking about and have no understanding of even how to properly debate any issue? Have a nice day
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Tbird19482 said:
Conservative said:
Here is the math you want to ignore as again you continue to blame Presidents starting with the beginning of the fiscal year instead of when they took office. Budgets are guidelines not mandatory spending appropriation bills. Once again you prove your total lack of education in civics and even Presidential responsibility

Presidents are responsible for the budget the day they take office and can spend or not spending whatever has been appropriated. Please explain to me what Obama did with the 350 billion TARP repayments for loans given out by Bush? Explain to me why the shovel ready stimulus bill signed in Mid February 2009 didn't create the new taxpayers promised and how he did create record numbers of part time for economic reason employees who will never pay the FIT that full time employees pay

Reagan 1.7 trillion added to the debt in 8 years
GW Bush 4.9 trillion in 8 years
Trump 2.4 trillion in 4 years

Total 8.4 trillion by those three Presidents vs. Obama's 9.3 trillion. Amazing how biased, partisan and ignorant you are of reality and actual data. So happy that you tout the 9.3 trillion added by Obama by claiming that it could have been much worse. that is really comforting, thank you and have a nice day[/QUOTE ) Again you can NOT compare 1988 dollars to 2017 dollars , it is like comparing apples and oranges
Bring Reagan's 1.7 T up to 2017 dollars and you have 3.85 T dollars
Bring Bush II 's 5.85 T up to 2017 dollars and you have 6.66 T
and where do you get that Trump will have 2.4 T in 4 years??
Trump in his first two Fiscal years is already at 2.718,326,470,554.87 and IF you take it from his first day in office it is ( Jan 20, 2017 19,947,304,555,212.49 and as of Jan 16, 2020 it was 23,204,331,499,429.68 )
3,257,026,944,217.19
So taking Reagan's 1.7 T , Bush II ' s 5.87 T and Trumps 3,257 T you get 10,827 T that is in the dollars for the time they were in office NOT 2017 dollars or 1.527T MORE then Obama.
So from what you say Trump is going to have to cut the debt a lot before jan. 19 2021
and if you bring them all up to 2017 dollars the total of Trump ( total so far of 3.257 T ) / Bush II and Reagan's debt it would be 13.76 T
have a nice day
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I don't see an answer to the question raised about repayment of 350 billion dollars in TARP, not surprising. Recovery.org reports that Bush approved 350 billion dollars in TARP loans which were included in the PROJECTED budget deficit for 2009 by CBO and shows that money repaid, where did that repayment go? This seems to prove what Obama and Democrats knew that people like you who buy rhetoric would blame Bush for the 2009 deficit and you did exactly that.

Obama promoted his stimulus program as one to produce shovel ready jobs and signed that bill in February 2009, two years later there were still 3 million fewer employed thus 3 million fewer taxpayers than when he took office which obviously weren't paying FIT which obviously in your world was Bush's fault. then Obama created 8-9 million part time for economic reason jobs which obviously in your world pay the same amount of FIT that full time employees make. This shows the lunacy and partisanship of your argument so keep running from the tough questions, You have a nice day
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Conservative said:
Tbird19482 said:
I don't see an answer to the question raised about repayment of 350 billion dollars in TARP, not surprising. Recovery.org reports that Bush approved 350 billion dollars in TARP loans which were included in the PROJECTED budget deficit for 2009 by CBO and shows that money repaid, where did that repayment go? This seems to prove what Obama and Democrats knew that people like you who buy rhetoric would blame Bush for the 2009 deficit and you did exactly that.

Obama promoted his stimulus program as one to produce shovel ready jobs and signed that bill in February 2009, two years later there were still 3 million fewer employed thus 3 million fewer taxpayers than when he took office which obviously weren't paying FIT which obviously in your world was Bush's fault. then Obama created 8-9 million part time for economic reason jobs which obviously in your world pay the same amount of FIT that full time employees make. This shows the lunacy and partisanship of your argument so keep running from the tough questions, You have a nice day
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First of all again you can not compare 1988 dollars to 2017 dollars
a 1988 dollar is worth 2.07 in 2017 dollars so how can you take and compare them one to one
What I did was for each President and put them all on a level playing field
The interest on the debt was paid in the dollars of the time
IT is the debt I took and brought up to 2017 dollars.
and I included the 350 Billion in Tarp to Obama's debt
You keep including it in the total Obama debt so I did too and again if you bring the 1988 dollars and the Bush 2008 dollars up to an equal playing field with the Obama dollars
now the Reagan and Bush II debt is less then Obama's even if you bring them up to 2017 dollars but when you addin Trumps debt the total of the three is higher then Obama's so you were wrong
and when are you going to answer my question?
I will ask it again
where do you get that Trump will only run the debt up 2.7 trillion in 4 years?
he has already run it up more then that in his first two Fiscal years ( Oct 1 2017 to Sept 30 2019) and it is up 3.257 since the day he took office ( Jan. 20 2017 to Jan. 16, 2020)
have a nice day
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Tbird19482 said:
Conservative said:
First of all again you can not compare 1988 dollars to 2017 dollars
a 1988 dollar is worth 2.07 in 2017 dollars so how can you take and compare them one to one
What I did was for each President and put them all on a level playing field
The interest on the debt was paid in the dollars of the time
IT is the debt I took and brought up to 2017 dollars.
and I included the 350 Billion in Tarp to Obama's debt
You keep including it in the total Obama debt so I did too and again if you bring the 1988 dollars and the Bush 2008 dollars up to an equal playing field with the Obama dollars
now the Reagan and Bush II debt is less then Obama's even if you bring them up to 2017 dollars but when you addin Trumps debt the total of the three is higher then Obama's so you were wrong
and when are you going to answer my question?
I will ask it again
where do you get that Trump will only run the debt up 2.7 trillion in 4 years?
he has already run it up more then that in his first two Fiscal years ( Oct 1 2017 to Sept 30 2019) and it is up 3.257 since the day he took office ( Jan. 20 2017 to Jan. 16, 2020)
have a nice day
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What a waste of time, you keep ignoring the reality of what happened to the repayment of the TARP loans and the failure of the stimulus to create shovel ready jobs to create revenue. Keep running as you always do from the actual results. Have a great day
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What's one is done. Would we like to make changes going forward? Could we not find a way to resolve our spending/deficit/debt problems more or less permanently? Elected politicians are NOT going to solve this issue UNLESS voters of both/all parties force them to.
 
This is a hypocritical topic. Obama talked about the debt constantly, then raised it more than any other president ($-wise), just as Trump is doing. Not sure how far back this forum archives it's discussions, but I bet if you dig you could find plenty of leftists complaining about W's debt. Thus the hypocrisy.

The bottom line is none of these politicians are going to decrease the debt. Republicans want to cut taxes without cutting spending, and Democrats want to raise taxes while raising spending. You cannot do both. People can talk about caring about the debt as much as they want, but it's never going to decrease.
 
Conservative said:
Tbird19482 said:
What a waste of time, you keep ignoring the reality of what happened to the repayment of the TARP loans and the failure of the stimulus to create shovel ready jobs to create revenue. Keep running as you always do from the actual results. Have a great day
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keep running????
I am not the one that is trying to change the subject from the debt to something else YOU are
any losses that were incurred from those programs were put on the debt.
You say Obama increased the debt something like 9.3 Trillion dollars , well you can take that and add in what TARP costed and it still would not add up to more then Reagan / Bush II and Trump added and that is without bringing those amounts up to 2017 dollars
Reagan 1.7 T Bush II 5.87 T Trump 3.257 T for a total of 10.827 T
Obama 9.3 T and if you even add in another 700 b to Obama's it still would only be 10 T that is 827 B LESS then the three of them did.
Now why can't you answer the question where did you get your info that Trump was only going to run the debt up 2.4 T when he already has run it up 3.257 T?
so again it is you who is trying to change the subject and run away
Have a nice day
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