Deficit-swelling Trump White House plans to use deficit against Democrats

[Greenbeard]

Dem's have ever proposed a balanced budget in their life.

 

[ludin]

Trump and Republicans (frankly Democrats too in some regards) can try to weaponize the deficit against one another politically, but where we are in deficit trends over the past several years is because of Trump and Congressional Republicans before he lost the House during the midterms. Obama is not completely without blame either.

from FY 2012 to FY 2016 deficits were falling. Year on year GDP increases balanced out against spending during those years and we dropped from $1.299 Trillion to $438 Billion, but then the direction changed for FY 2016 to current and it looks like we are headed the wrong direction at a time where economic downturn is likely.

There was a spending increase for FY 2016 to FY 2017 where Obama and Congressional Republicans basically passed an everyone get whatever you want spending series of bills, but also Trump came along with most the same Congressional Republicans and started in on Tax Cuts and Spending more anyway.

We should be back to over $Trillion dollar deficits for the next 6 years from FY 2019 at least without any real insight as to the needs of the next economic downturn that tends to explode the deficit from wherever it is at that point. We are already breaking auction records for Debt held by the Public and it stands to reason that it will get much worse if the economy has an issue during that next 6 years.

Trump can try to use all this against against Democrats all he wants but fiscal and economic reality is not on his side, then again when has Trump ever cared about facts?

Right now the deficit is getting too high again.
they need to get it under control.

that will never happen.
we are spending ourselves into the pit that we can't get out of.

 

[ludin]

last time i check it was Newt that passed the balanced budget clinton hated it but he had no choice but to sign it.

 

[Conservative]

There was a $1.2 trillion deficit waiting for Obama before he even showed up.

The Budget and Economic Outlook: Fiscal Years 2009 to 2019 (Jan. 7, 2009)

Are you really this uneducated and clueless?? Deficits aren't awaiting anyone especially without a budget. Those were projected and included in that PROJECTION was TARP spending and TARP was a LOAN!! Come on, stop with the partisan bs and stop making a fool of yourself. Bush's proposed deficit was in the 500 billion dollar range but the Democratic Congress refused his budget and wanted the WH more than they cared about the deficit or the country

 

[Greenbeard]

Are you really this uneducated and clueless?? Deficits aren't awaiting anyone especially without a budget.

Except for the $1.2 trillion deficit that was awaiting Obama.

 

[Conservative]

Except for the $1.2 trillion deficit that was awaiting Obama.

Look, no matter how many times you post it, that is a lie, there was no budget thus no deficit awaiting Obama. Seems you have a difficult time understanding basic civics and the budget process. There was a projected deficit that didn't even include the Obama stimulus for shovel ready jobs and that projected deficit included the 350 billion dollars in loans to the banks that WAS REPAID but not credited to the so called Bush deficit.

You people keep proving that far too many give you credit for posts when they continue to spout nothing but lies and opinions. The fiscal year of the U.S. runs from October-September, that Bush budget proposal was REJECTED and the budget was signed by Obama in March 2009. Think the 4 million taxpayers lost in 2009 had anything to do with the budget and how did the stimulus allow that to happen?

Interesting omission on your part

CBO projects that the deficit this year will total $1.2 trillion

Then this

Under an assumption that current laws and policies

And this PROJECTION was made PRIOR to the Obama stimulus being passed as well and included TARP, A LOAN!!

 

[Born Free]

Please show us your research into the subject.
First of all the incoming President does NOT take over the Budget or the debt on the day he takes office
according to the Constitution he does NOT take over the budget and the debt till OCT 1 of his incoming year
but lets say they did then on the day Obama took office the debt was 10,626,877,048,913.08 and on the day Trump took office it was 19,947,304,555,212.49 that is just over 9.3 Trillion dollars ( and that IS NOT double of what it was when Obama took office )
IF you can read / and do a little research you will find out Obama did not DOUBLE it and IF he did it would have been over 21 Trillion dollars when Trump was sworn in
NOW seeing he did NOT double it just how can you say he added MORE to it then all his predecessors combined?
Now as the Constitution says the incoming President does not take over the budget/ debt till Oct 1
and on Oct 1 of 2009 the day Obama took it over it was 11,920,519,164,319.42 and on Oct 2 of 2017 ( I am adding 1 day to Obama ) it was 20,347,802,336,477.80
that is a difference of 8,427,293,172,158.38 trillion dollars
IF he doubled it like you and the Republican lie says wouldn't it have been OVER 23 Trillion when Trump took it over?
was it? NO it was 20.347 trillion dollars.
You can double check these figures by going to the US Treasury website , the SAME place the people that run the National debt clock get their figures from

Debt to the Penny (Daily History Search Application)

So again I have to ask you do you ever do a little research before you just keep repeating a Republican LIE ?
have a nice night

These are the facts

Former President Obama left office having added $9.3 trillion to the national debt, according to numbers from the Treasury Department.

When Obama took office on Jan. 20, 2009, the outstanding public debt totaled $10,626,877,048,913. On Jan. 20, 2017, when Obama left office, outstanding public debt totaled $19,944,429,217,106, an increase of roughly $9.3 trillion.

Obama Leaves Office Having Added $9.3 Trillion to Debt

Go do whatever you want with it, but the above are facts, not the stats you posted which was "2009 the day Obama took it over it was 11,920,519,164,319.42"

 

[Born Free]

Before Obama even put his hand on the Bible, the Bush deficit was heading up to $1.4 Trillion. Bush executed the worst presidential pass-on since the Great Depression - Housing/Banking crisis, plummeting stock market, CEO corruption gone amuck, 2 wars, a bankrupt US auto industry, and very high unemployment. After Obama fixed these problems, the deficit started dropping like a rock - less than half of the $1.4 Trillion.

These are the facts:

When Obama took office on Jan. 20, 2009, the outstanding public debt totaled $10,626,877,048,913. On Jan. 20, 2017, when Obama left office, outstanding public debt totaled $19,944,429,217,106, an increase of roughly $9.3 trillion.

Obama Leaves Office Having Added $9.3 Trillion to Debt

 

[Tbird19482]

These are the facts

Former President Obama left office having added $9.3 trillion to the national debt, according to numbers from the Treasury Department.

When Obama took office on Jan. 20, 2009, the outstanding public debt totaled $10,626,877,048,913. On Jan. 20, 2017, when Obama left office, outstanding public debt totaled $19,944,429,217,106, an increase of roughly $9.3 trillion.

Obama Leaves Office Having Added $9.3 Trillion to Debt

Go do whatever you want with it, but the above are facts, not the stats you posted which was "2009 the day Obama took it over it was 11,920,519,164,319.42"

Please read the Constitution
The incoming President does NOT take over the Budget and debt till Oct 1 of the year he takes office
and on Oct 1 of 2009 it was 11,9 trillion dollars and on Oct 2 of 2017 when Trump took it over it was 20.244 Trillion dollars an increase of about 8. 3 trillion dollars
any ways HE did NOT double the debt or run it up more then all his predecessors combined like the Republicans keep saying'
have a nice afternoon

 

[Born Free]

Please read the Constitution
The incoming President does NOT take over the Budget and debt till Oct 1 of the year he takes office
and on Oct 1 of 2009 it was 11,9 trillion dollars and on Oct 2 of 2017 when Trump took it over it was 20.244 Trillion dollars an increase of about 8. 3 trillion dollars
any ways HE did NOT double the debt or run it up more then all his predecessors combined like the Republicans keep saying'
have a nice afternoon

Sorry that is how it is recorded by all the presidents, from the day they took over to the day they leave.

What's the best way to determine how much each president has contributed to our nation's $22 trillion in U.S. debt? The most popular method involves comparing the debt level from when a president enters office to the debt level when he leaves.

US Debt by President: By Dollar and Percent

I'm done

Bye :2wave:

 

[Tbird19482]

Sorry that is how it is recorded by all the presidents, from the day they took over to the day they leave.

What's the best way to determine how much each president has contributed to our nation's $22 trillion in U.S. debt? The most popular method involves comparing the debt level from when a president enters office to the debt level when he leaves.

US Debt by President: By Dollar and Percent

I'm done

Bye :2wave:

It is NOT how it is done READ the Constitution
Even if it was YOU and the Republican LIE say he doubled it and Ran it up MORE then all his Predecessors IF he did that to on the day he took office it was $10,626,877,048,913. and IF you can X that by 2 and you get 21,242,754,087,826 and on the day Trump took office it was 19,947,304,555,212.49 that is NOT double
besides from Carter on the debt over 9.87 Trillion that is still MORE then what Obama did
either way you take it
and AGAIN learn to read and read the Constitution the Incoming President does NOT take over the Budget / debt till Oct 1 of the year he takes office
YOu are just repeating the old Republican LIE
have a nice afternoon

 

[Tbird19482]

It is NOT how it is done READ the Constitution
Even if it was YOU and the Republican LIE say he doubled it and Ran it up MORE then all his Predecessors IF he did that to on the day he took office it was $10,626,877,048,913. and IF you can X that by 2 and you get 21,242,754,087,826 and on the day Trump took office it was 19,947,304,555,212.49 that is NOT double
besides from Carter on the debt over 9.87 Trillion that is still MORE then what Obama did
either way you take it
and AGAIN learn to read and read the Constitution the Incoming President does NOT take over the Budget / debt till Oct 1 of the year he takes office
YOu are just repeating the old Republican LIE
have a nice afternoon

One more thing and this comes from YOUR article IF you even bother to read it

Measurement Shortcomings

But these aren't very accurate ways to measure the debt created by each president. Why?

The president doesn't have much control over the debt added during his first year in office. The budget for that fiscal year was already set by the previous president.

For example, President Bush took office in January 2001. He submitted his first budget in February, but that covered Fiscal Year 2002, which didn't begin until October 1. For the first nine months of his new term, Bush had to live with President Clinton's last budget.

as it says " But these aren't very accurate ways to measure the debt created by each president."
it also says the incoming President doesn't take over the Budget and the debt tilll Oct 1 of his incoming year
Thank you for showing us you do not know what you are talking about and can't read
have a nice day

 

[Conservative]

Sorry that is how it is recorded by all the presidents, from the day they took over to the day they leave.

What's the best way to determine how much each president has contributed to our nation's $22 trillion in U.S. debt? The most popular method involves comparing the debt level from when a president enters office to the debt level when he leaves.

US Debt by President: By Dollar and Percent

I'm done

Bye :2wave:

Far too many just don't get it or want to get it, without a budget there is nothing to inherit. Obama didn't inherit anything from Bush other than the 10.6 trillion dollar debt left him on inauguration day but what he did inherit was TARP Loans that were repaid in 2009 yet not credited against the deficit, a Democratic Congress, NO BUDGET but Obama did sign the budget in March 2009, and a stimulus for shovel ready jobs that saw 4 million lost taxpayers by the end of 2009. All this hot air ignores these points.

 

[Born Free]

It is NOT how it is done READ the Constitution
Even if it was YOU and the Republican LIE say he doubled it and Ran it up MORE then all his Predecessors IF he did that to on the day he took office it was $10,626,877,048,913. and IF you can X that by 2 and you get 21,242,754,087,826 and on the day Trump took office it was 19,947,304,555,212.49 that is NOT double
besides from Carter on the debt over 9.87 Trillion that is still MORE then what Obama did
either way you take it
and AGAIN learn to read and read the Constitution the Incoming President does NOT take over the Budget / debt till Oct 1 of the year he takes office
YOu are just repeating the old Republican LIE
have a nice afternoon

Hey you can flap your gums all you want, But the standard for reporting is the day in to the day out.

Im done.

:2wave:

 

[Born Free]

Far too many just don't get it or want to get it, without a budget there is nothing to inherit. Obama didn't inherit anything from Bush other than the 10.6 trillion dollar debt left him on inauguration day but what he did inherit was TARP Loans that were repaid in 2009 yet not credited against the deficit, a Democratic Congress, NO BUDGET but Obama did sign the budget in March 2009, and a stimulus for shovel ready jobs that saw 4 million lost taxpayers by the end of 2009. All this hot air ignores these points.

Yeah yeah yeah, all that is hot air. For decades the standard reporting for a president on the national debt is the first day in and the the last day out. All that business inbetween is really meaningless, all presidents have problems they have to deal with. We could argue this and that about every president and never come to a consensus. Waste of time.

 

[Integrityrespec]

The Trump deficit is hardly as large as the O'Bama deficit/debt and with all the issues with the military and needs along the border, the need to ease up regulations on business and the like, the debt was bound to grow in the first few years. We will see if the economic growth helps ease that problem in the future. If Democrats get the whit house the growth of the debt will be tripled at least with the New green Deal and the Medicare for all.

 

[Conservative]

Yeah yeah yeah, all that is hot air. For decades the standard reporting for a president on the national debt is the first day in and the the last day out. All that business inbetween is really meaningless, all presidents have problems they have to deal with. We could argue this and that about every president and never come to a consensus. Waste of time.

The basic understanding of civics is lacking on the part of far too many people. No President has any spending authority without a budget yet is held accountable for the deficits and debt. Obama signed the 2009 budget but isn't it amazing that Bush is responsible for the 2009 deficit with no budget and no spending authority but Trump responsible for the 2017 deficit with the Obama spending authority in place? No double standard there as the numbers are whatever the radical left wants them to be

 

[Greenbeard]

And this PROJECTION was made PRIOR to the Obama stimulus being passed as well

Yes, that's literally the point being made here. Well done.

 

[Conservative]

Yes, that's literally the point being made here. Well done.

No that isn't the point being made by you as you claimed that was the deficit Obama inherited, NO it was a PROJECTED DEFICIT for the entire fiscal year. Why is it so hard to admit when you are wrong? The Obama stimulus saw employment drop by 4 million by the end of the year.

 

[jghiretire]

interesting how you think. LOL.
did you know it was a right wing presidential candidate or organization that paid for that " dossier" before Hillary or the DNC had anything to do with it?
Guess not
I would guess you don't bother to do any research into anything before you post, you just keep repeating the republican lies.
wasn't it Hillary's and the DNC's emails that were hacked by the Russians?
Didn't Trump indirectly ask them to do it?
Didn't the Russians Hack her and the DNC's computers?
Did they hack Trumps?
Didn't Trump say the election was rigged?
Did he ever say in who's favor?
shouldn't people question that FACT?
Now I have to ask you just how did Hillary rig it?
so she would loose?
PLEASE do a little research before you post and NOT keep repeating Republican lies
Have a nice night

Not sure they know what "research" actually is.
My question is, if Hillary had rigged it, don't you think she would have rigged it so she won??
Interesting how that part gets so overlooked.

 

[Media_Truth]

Again, you post the same crap over and over again and then run when rebuked. There was no 1.4 trillion dollar Bush deficit for 2009 as Bush didn't even have a budget approved and there is no way any President can create that deficit in 4 months as you charge him with all the expenses and none of the revenue. Revisionist history is like most liberal arguments, making the person feel good but never being accurate. You want badly to prop up the Obama record but ignore exactly what Obama did inherit

A Democratic Congress

TARP which recapitalized the banks and was a loan that was repaid in 2009 but reportedly added 350 billion to the "Bush" Deficit Projection

NO APPROVED BUDGET but a budget signed by Obama

A stimulus passed for shovel ready jobs and new taxpayers almost day one in office yet saw taxpayers reduced by 4 million in 2009 and 3 million in 2010

Wonder when any left leaning supporter is going to address those issues or prove me wrong?

Sorry dude, you can't run from the truth.

 

[Fletch]

Why should the budget be balanced this year?

It wont be. In fact, I am willing to bet that the fiscally responsible democrats in the House will not pass a budget with a lower year over year deficit

 

[Conservative]

Sorry dude, you can't run from the truth.

Treasury.org provides the Truth, Trump hasn't had a trillion dollar deficit and Obama had four of them

 

[Tbird19482]

Hey you can flap your gums all you want, But the standard for reporting is the day in to the day out.

Im done.

:2wave:

So you want to put part of Bush's budget and debt on Obama?
and part of Obama's on Trump
I don't know where you get your info from but IF you read the Constitution you will see it says that the Incoming President does not take over the Budget/ and now the debt toll Oct 1 of the year he takes office.
So Obama took over the budget and the debt on Oct 1 of 2009 and was responsible for it from then ( NOT the day he took office ) till Sept 30 2017
have a nice afternoon

 

[Tbird19482]

So you want to put part of Bush's budget and debt on Obama?
and part of Obama's on Trump
I don't know where you get your info from but IF you read the Constitution you will see it says that the Incoming President does not take over the Budget/ and now the debt toll Oct 1 of the year he takes office.
So Obama took over the budget and the debt on Oct 1 of 2009 and was responsible for it from then ( NOT the day he took office ) till Sept 30 2017
have a nice afternoon

PS
and as I said even if you took the debt from the day Obama till he left He did NOT double the debt if he did we would have had a debt of over 22 Trillion dollars
It is all just a stupid nonfactual Republican LIE
Have a nice day