How big will this year's deficit be?

[Conservative]

It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.


I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.


Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?


oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.


If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.0% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic

Looks to me like the Trump debt generated better return than Obama's, await your reply?

 

[Dittohead not!]

Had he paid attention to the predecessor?? Seems he has as the economic results pre pandemic show. Seems that the left votes on personality and hate whereas Conservatives vote on policy and results. Pretty simple question what did we get out of the Obama 9.3 trillion and what are we getting out of the Trump debt? That seems to be the lost issue here!

Let me help you decide which was better and which results were better? I know it bothers the left to allow people to keep more of what they earn but the Trump economic GDP Growth was due to consumer spending thanks to the tax cuts

Obama debt was due to the loss of 4 million fewer taxpayers in 2009 than when he took office, 3 million in 2010 vs when he took office, and 1 million fewer in 2011 than when he took office. Then Obama created part time jobs for economic reasons thus employees not paying as much in FIT as before

Obama, 4.0 trillion dollar GDP growth in 8 years including 842 billion federal stimulus dollars or 500 billion per year(14.7 trillion to 18.7 trillion)

Trump. 2.7 trillion dollar GDP growth in 3 years with ZERO Federal stimulus dollars mostly consumer spending(18.7 trillion to 21.4 trillion)

What the economic results pre pandemic show is a steady growth starting in 2008 and continuing until the shut down. That's what real world statistics show, not a sudden economic growth starting in 2016.

As much as you'd love to ascribe economic growth to The Great One, the facts simply don't back you up. We've been all over this already.

While Congress passed a huge budget deficit while Obama was president due to the recession, it also passed an equally huge deficit at a time of strong economic growth while Trump was president. This despite Trump's promise to reduce the deficit.

 

[Conservative]

What the economic results pre pandemic show is a steady growth starting in 2008 and continuing until the shut down. That's what real world statistics show, not a sudden economic growth starting in 2016.

As much as you'd love to ascribe economic growth to The Great One, the facts simply don't back you up. We've been all over this already.

While Congress passed a huge budget deficit while Obama was president due to the recession, it also passed an equally huge deficit at a time of strong economic growth while Trump was president. This despite Trump's promise to reduce the deficit.

So steady growth to you is 500 billion average per month coming off a recession and due to all that spending? Come on, you are smarter than this. This is about getting the biggest bang for the buck and you are just trolling here

I gave you the facts, verifiable, 900 billion per year GDP Growth, 6.8 million jobs, get someone to explain those to you. You keep buying the fact that Obama spending didn't create the promised results, Trump spending has

Apparently the air in S.F. fueled by all the crap in the streets has affected your ability to think rationally, strong economic growth isn't what Trump inherited, 487 billion growth in 2016 which he almost doubled in 2017, did double in 2018 and fell back a little in 2019 but still almost 840 billion dollar growth and his average is 400 billion per year higher than Obama and job creation much better. Your total focus on debt ignores the return on investment generated by that debt. Obama didn't generate the return, Trump is

 

[PIPEWRENCH]

Had he paid attention to the opposition his predecessor had, he might have anticipated what it's like to have the opposing party's one and only goal to make him a one term president.

I think he thought he could really drain the swamp not realizing that they would attack him with their media and false accusations. I don't think he knew just how corrupt our government is and that he would be going up against people who buy and sell billionaires. People in charge of trillions of dollars and tied to corruption not just in this country but the entire world.

 

[Tbird19482]

I don't think he realized just how much opposition he would face trying to get something done.

Oh just like Obama did when McConnell and the Republican Congress wanted to make him a one term President
You only hear about the Dems standing in the way and keeping Trump from doing anything but never hear the right say a word about when they did the same thing to Obama
what is the old saying " what goes around comes around "
Maybe IF the Republicans had worked just a little with Obama we could have had a more robust recovery but they didn't
Have a nice day

 

[Conservative]

Oh just like Obama did when McConnell and the Republican Congress wanted to make him a one term President
You only hear about the Dems standing in the way and keeping Trump from doing anything but never hear the right say a word about when they did the same thing to Obama
what is the old saying " what goes around comes around "
Maybe IF the Republicans had worked just a little with Obama we could have had a more robust recovery but they didn't
Have a nice day

Post 475 and 476 are being ignored by you as usual!!! Respond or admit that you are a partisan liberal

 

[PIPEWRENCH]

Oh just like Obama did when McConnell and the Republican Congress wanted to make him a one term President
You only hear about the Dems standing in the way and keeping Trump from doing anything but never hear the right say a word about when they did the same thing to Obama
what is the old saying " what goes around comes around "
Maybe IF the Republicans had worked just a little with Obama we could have had a more robust recovery but they didn't
Have a nice day

Wrong. I have posted that Obama ran into the same opposition. Not only from the democrats but unless he works with his party nothing will get done just same as the republicans will only work with Trump when it coincides with their agenda. I am not party blind.

 

[Tbird19482]

Post 475 and 476 are being ignored by you as usual!!! Respond or admit that you are a partisan liberal

Why should I you didn't ask me those questions
And you already know what I think about it
AGAIN the Republicans started saying even before Obama was sworn in that they were going to do everything they could to make him a one term President
MAYBE IF they had put the welfare of the country and it's people first we could have had a lot more robust recovery then we had ,BUT no they didn't give a dang about what the American people were going through They were to involved in making him a one term President
the slow recovery isn't all Obama's fault. the Republicans didn't help get us out of it at all.
just like the better recovery under Trump is all his doing
You are just to brainwashed to be able to see those facts
have a nice evening

 

[Tbird19482]

Why should I you didn't ask me those questions
And you already know what I think about it
AGAIN the Republicans started saying even before Obama was sworn in that they were going to do everything they could to make him a one term President
MAYBE IF they had put the welfare of the country and it's people first we could have had a lot more robust recovery then we had ,BUT no they didn't give a dang about what the American people were going through They were to involved in making him a one term President
the slow recovery isn't all Obama's fault. the Republicans didn't help get us out of it at all.
just like the better recovery under Trump is all his doing
You are just to brainwashed to be able to see those facts
have a nice evening

Correction
it should say the recovery under Trump ISN'T all his doing

 

[Conservative]

Why should I you didn't ask me those questions
And you already know what I think about it
AGAIN the Republicans started saying even before Obama was sworn in that they were going to do everything they could to make him a one term President
MAYBE IF they had put the welfare of the country and it's people first we could have had a lot more robust recovery then we had ,BUT no they didn't give a dang about what the American people were going through They were to involved in making him a one term President
the slow recovery isn't all Obama's fault. the Republicans didn't help get us out of it at all.
just like the better recovery under Trump is all his doing
You are just to brainwashed to be able to see those facts
have a nice evening

You can re-write history but you cannot change history. McConnell didn't say that until 2010. Maybe if you paid more attention to actual news you wouldn't make a fool of yourself. I posted facts, you ignored them, typical liberal and you have the gall to say I am brainwashed. Post 475 and 476 is reality, live with it

 

[Conservative]

Correction
it should say the recovery under Trump ISN'T all his doing

Of course not, a gift to Obama for leaving office

 

[Dittohead not!]

So steady growth to you is 500 billion average per month coming off a recession and due to all that spending? Come on, you are smarter than this. This is about getting the biggest bang for the buck and you are just trolling here

I gave you the facts, verifiable, 900 billion per year GDP Growth, 6.8 million jobs, get someone to explain those to you. You keep buying the fact that Obama spending didn't create the promised results, Trump spending has

Apparently the air in S.F. fueled by all the crap in the streets has affected your ability to think rationally, strong economic growth isn't what Trump inherited, 487 billion growth in 2016 which he almost doubled in 2017, did double in 2018 and fell back a little in 2019 but still almost 840 billion dollar growth and his average is 400 billion per year higher than Obama and job creation much better. Your total focus on debt ignores the return on investment generated by that debt. Obama didn't generate the return, Trump is

and yet, there was no sudden increase in economic activity when Trump was elected, not in the private sector nor in the public sector. Anyway, the Congress controls the purse strings and the Fed has a lot more to do with the economy than the president does. You are going to have to dig deeper to find something that The Great One has actually accomplished. We've already been all over this, and you keep saying the same thing over and over.

 

[Dittohead not!]

I think he thought he could really drain the swamp not realizing that they would attack him with their media and false accusations. I don't think he knew just how corrupt our government is and that he would be going up against people who buy and sell billionaires. People in charge of trillions of dollars and tied to corruption not just in this country but the entire world.

Not only that, but the real accusations were far worse than the false ones.

 

[Tbird19482]

You can re-write history but you cannot change history. McConnell didn't say that until 2010. Maybe if you paid more attention to actual news you wouldn't make a fool of yourself. I posted facts, you ignored them, typical liberal and you have the gall to say I am brainwashed. Post 475 and 476 is reality, live with it

Well first of all I will admit I was wrong on the date
but in early 2009 the Republicans went to western VA and had a meeting and swore they would not do anything to help Obama and get the US out of the Recession they didn't give a dang how much the people of the US were hurting they just wanted to hurt Obama
The Victory of ‘No’ - POLITICO Magazine
MY point is IF they had worked with Obama and put the welfare of the people of the US FIRST we should have had a more robust recovery
YOU keep saying it was a weak recovery because of Obama , well again IF the republicans would have worked with him and not just concentrated on doing everything they could to make him a one term President we could of and should of had a way better recovery then we did
Have a nice night

 

[Conservative]

and yet, there was no sudden increase in economic activity when Trump was elected, not in the private sector nor in the public sector. Anyway, the Congress controls the purse strings and the Fed has a lot more to do with the economy than the president does. You are going to have to dig deeper to find something that The Great One has actually accomplished. We've already been all over this, and you keep saying the same thing over and over.

Really? So going from 487 billion GDP dollar growth(2016) to over 800 billion in 2017 and over a trillion in 2018 isn't an increase? What is your definition of increase? Like far too many liberals you promote rhetoric that supports yours like percentage growth.

GDP dollars and GDP dollar growth, 487 billion growth is what Trump inherited, what was it in 2017-2018-2019? You are losing credibility with statements like yours

2015 18224.8 +697.5
2016 18715.0 +487.2
2017 19519.4 +804.4
2018 20,580.2 +1060.8
2019 21427.1 +846.9

 

[Conservative]

Well first of all I will admit I was wrong on the date
but in early 2009 the Republicans went to western VA and had a meeting and swore they would not do anything to help Obama and get the US out of the Recession they didn't give a dang how much the people of the US were hurting they just wanted to hurt Obama
The Victory of ‘No’ - POLITICO Magazine
MY point is IF they had worked with Obama and put the welfare of the people of the US FIRST we should have had a more robust recoveryAfter
YOU keep saying it was a weak recovery because of Obama , well again IF the republicans would have worked with him and not just concentrated on doing everything they could to make him a one term President we could of and should of had a way better recovery then we did
Have a nice night

After the disastrous stimulus program of 842 billion for shovel ready jobs that didn't materialize and then ACA, Obama didn't deserve a second term but the attacks against Obama were against policies not personality and trumped up witch hunts

Remember all those claims of yours about reducing the deficits under Obama?? They weren't done with a Democratic Congress but rather with a Republican Congress 2014 and with sequester. Obama had no clue about the private sector and it appears you are the same. I gave you the official results of Trump and you ignored them, why? You have great loyalty to Obama, is it racial? it certainly isn't fact based!!

 

[Tbird19482]

After the disastrous stimulus program of 842 billion for shovel ready jobs that didn't materialize and then ACA, Obama didn't deserve a second term but the attacks against Obama were against policies not personality and trumped up witch hunts

Remember all those claims of yours about reducing the deficits under Obama?? They weren't done with a Democratic Congress but rather with a Republican Congress 2014 and with sequester. Obama had no clue about the private sector and it appears you are the same. I gave you the official results of Trump and you ignored them, why? You have great loyalty to Obama, is it racial? it certainly isn't fact based!!

You keep telling us just how bad the economy was when Trump took office and how good it is now well go back and look at what Obama started with and what he left
and YES Obama had 6 years with a Republican congress and they did everything they could to make him look bad and would not work with him
AGAIN they didn't give a dang about what the American people were going through and how things were going and IF they had the recovery would have been more robust and a lot shorter
Have a nice day

 

[Conservative]

You keep telling us just how bad the economy was when Trump took office and how good it is now well go back and look at what Obama started with and what he left
and YES Obama had 6 years with a Republican congress and they did everything they could to make him look bad and would not work with him
AGAIN they didn't give a dang about what the American people were going through and how things were going and IF they had the recovery would have been more robust and a lot shorter
Have a nice day

Yes and here are the results that you ignore and no he didn't have a REPUBLICAN CONGRESS FOR 6 Years, he had a REPUBLICAN HOUSE for 6 year

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic

Looks to me like the Trump debt generated better return than Obama's, await your reply?

 

[Dittohead not!]

Really? So going from 487 billion GDP dollar growth(2016) to over 800 billion in 2017 and over a trillion in 2018 isn't an increase? What is your definition of increase? Like far too many liberals you promote rhetoric that supports yours like percentage growth.

GDP dollars and GDP dollar growth, 487 billion growth is what Trump inherited, what was it in 2017-2018-2019? You are losing credibility with statements like yours

2015 18224.8 +697.5
2016 18715.0 +487.2
2017 19519.4 +804.4
2018 20,580.2 +1060.8
2019 21427.1 +846.9

and when Obama was elected, GDP growth went from -2.01 to + 5.10. What do you conclude from that?

 

[Conservative]

and when Obama was elected, GDP growth went from -2.01 to + 5.10. What do you conclude from that?

Do you even understand the components of GDP? Stop the left wing bs, and do some research, Look at the dollar growth Trump inherited and you had the gall to say there wasn't significant growth? Wow, you are rapidly becoming a liberal.

Obama GDP growth 4 trillion in 8 years INCLUDING THE STIMULUS which has gov't spending a component of GDP

Trump GDP growth 2.7 trillion in three years WITHOUT massive gov't spending.

Do you not see the difference?

 

[Tbird19482]

and when Obama was elected, GDP growth went from -2.01 to + 5.10. What do you conclude from that?

It doesn't matter what you say he is always going to say something bad about Obama
He doesn't want to say any thing about how bad the economy was when Obama took over from Bush a Republican and that it could have been better when Obama left office IF the Republicans would have helped a little
instead of not giving a dang about the country and what they could do to help the American people, all they wanted to do was make Obama a one term President and when he was re-elected make him look as bad as BUSH WAS.
he is so right wing brainwashed he can't see reality and will never give Obama any credit for anything
again as you and the rest of us can see If something good happened under Obama, Obama had nothing to do with it and if something bad happened under Obama he had everything to do with it, and under Trump ( or any other right wing President ) if something good happens they had everything to do with it and if something bad happens it HAS to be somebody else's fault and not the Presidents fault
You can't have an intelligent conversation with a person like that
Have a nice day

 

[paul342160]

Deficit spending in the 30s and 40s helped the United States to recover from the 1929 Wall Street Crash.

Civil engineering groups have felt that infrastructure improvements are past due.

Federal, state, and local government computer systems need to be updated/

National electric distribution systems need to be modernized to avoid cyber attacks from hackers.

 

[Conservative]

It doesn't matter what you say he is always going to say something bad about Obama
He doesn't want to say any thing about how bad the economy was when Obama took over from Bush a Republican and that it could have been better when Obama left office IF the Republicans would have helped a little
instead of not giving a dang about the country and what they could do to help the American people, all they wanted to do was make Obama a one term President and when he was re-elected make him look as bad as BUSH WAS.
he is so right wing brainwashed he can't see reality and will never give Obama any credit for anything
again as you and the rest of us can see If something good happened under Obama, Obama had nothing to do with it and if something bad happened under Obama he had everything to do with it, and under Trump ( or any other right wing President ) if something good happens they had everything to do with it and if something bad happens it HAS to be somebody else's fault and not the Presidents fault
You can't have an intelligent conversation with a person like that
Have a nice day

No matter what opinions you have I will always counter with data and FACTS!! Your loyalty to Obama is stunning, almost cult like or family like. Apparently the only intelligent conversation all revolves around agreeing with you

By the way what help has Trump gotten from the Democrats since taking office?

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

By the way what help have the Democrats Given Trump if help is some important to you?

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic

Looks to me like the Trump debt generated better return than Obama's, await your reply?

 

[Far right dem]

No matter what opinions you have I will always counter with data and FACTS!! Your loyalty to Obama is stunning, almost cult like or family like. Apparently the only intelligent conversation all revolves around agreeing with you

By the way what help has Trump gotten from the Democrats since taking office?

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

By the way what help have the Democrats Given Trump if help is some important to you?

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic

Looks to me like the Trump debt generated better return than Obama's, await your reply?

What we have gotten from trump is a recession and 30 million americans and counting without jobs.
Jobless claims jump 2.4 million in mid-May — but the number is almost 1 million higher when federal filings are included - MarketWatch

Thoses are the trump results.

 

[Conservative]

What we have gotten from trump is a recession and 30 million americans and counting without jobs.
Jobless claims jump 2.4 million in mid-May — but the number is almost 1 million higher when federal filings are included - MarketWatch

Thoses are the trump results.

I knew there was a reason I ignore your posts, thanks for proving it, This is a recession under Trump's watch but a pandemic generated recession not an economic one. Your partisan Chicago style BS is on full display. Placing blame is what you do ignoring the results posted that were due to economic policies. Obviously you have no understanding as to the difference between a shutdown and collapse, no reason to continue reading your posts