How big will this year's deficit be?

[Conservative]

So, we got Joe Biden from government spending? We got The View from government spending? Just what point are you attempting to make?

No, what we continue to get is your lack of understanding of what creates the debt and what the taxpayers get from that debt. The left wants Biden as a benefit of that debt. It seems like a waste of time posting official data showing you return on that debt generated along with the line items in the budget because like most liberals debt is bottom line just like all tax revenue is the same thus the unified budget

 

[99percenter]

This is typical liberal baiting, you know the answer but won't admit it. Return on investment isn't something you understand and living in California is probably why. there is a reason Obama lost the House in 10-12-14-16 and the Senate in 14-16 as the American people got exactly what I posted and you ignored, Post 551 and 552 along with 591. Debt occurs due to the spending of the line items in the budget exceeding the amount of revenue collected from the taxes created to pay for those line items. You cannot seem to grasp that reality.

You also cannot seem to grasp the difference between the debt Obama generated and the debt Trump generated but then again living in California I understand why. Post 591 explains it to you get some help reading it

trump lost the house in 18.

 

[Conservative]

trump lost the house in 18.

Yes, he did and gained seats in the Senate which is statewide election results vs. District. You really don't understand Congressional elections at all, do you, Senators elected by the total vote in the state, House elected by the popular vote in the district.

Didn't see you crowing when Republicans won over 60 seats in 2010 as you still were promoting the Obama propaganda. Keep promoting the politics of personal destruction and keep losing statewide and national elections.

JOE BIDEN FOR PRESIDENT

Pete Buffington - NEVER, EVER watch The View, unless... | Facebook

 

[Kushinator]

Didn't see you crowing when Republicans won over 60 seats in 2010 as you still were promoting the Obama propaganda. Keep promoting the politics of personal destruction and keep losing statewide and national elections.

Texas sharpshooter fallacy.

 

[Kushinator]

trump lost the house in 18.

The election results only matters when Republicans gain seats. :roll:

 

[99percenter]

Yes, he did and gained seats in the Senate which is statewide election results vs. District. You really don't understand Congressional elections at all, do you, Senators elected by the total vote in the state, House elected by the popular vote in the district.

Didn't see you crowing when Republicans won over 60 seats in 2010 as you still were promoting the Obama propaganda. Keep promoting the politics of personal destruction and keep losing statewide and national elections.

JOE BIDEN FOR PRESIDENT

Pete Buffington - NEVER, EVER watch The View, unless... | Facebook

Trump lost the house in 18 because americans were sick of trumps failed economic policies.

 

[Dittohead not!]

This is typical liberal baiting, you know the answer but won't admit it. Return on investment isn't something you understand and living in California is probably why. there is a reason Obama lost the House in 10-12-14-16 and the Senate in 14-16 as the American people got exactly what I posted and you ignored, Post 551 and 552 along with 591. Debt occurs due to the spending of the line items in the budget exceeding the amount of revenue collected from the taxes created to pay for those line items. You cannot seem to grasp that reality.

You also cannot seem to grasp the difference between the debt Obama generated and the debt Trump generated but then again living in California I understand why. Post 591 explains it to you get some help reading it

you can't seem to grasp the fact that Obama did not raise taxes.

 

[Conservative]

you can't seem to grasp the fact that Obama did not raise taxes.

You cannot seem to grasp that Obama's 9.3 trillion added to the debt didn't generate the promised return of shovel ready jobs and led to the worst recovery from a major recession in modern history. Why is that?

You also cannot seem to grasp the reality of debt, what line items make it up and what benefits the American people get out of that debt. I posted the comparison and you ignored it, just like you claimed I wasn't interpreting GDP numbers properly but never explained how?

Obama's debt came from the 842 billion stimulus and the fact that he never generated the promised new taxpayers that the stimulus was supposed to, create, 4 million fewer taxpayers in 2009, 3 million fewer in 2010 and we never got back to pre recession employment until 2014 all the while continuing spending including recycling TARP which was repaid and should have reduced the deficit.

Simple facts always get in the way of your rhetoric as you cannot admit when wrong

 

[99percenter]

You cannot seem to grasp that Obama's 9.3 trillion added to the debt didn't generate the promised return of shovel ready jobs and led to the worst recovery from a major recession in modern history. Why is that?

You also cannot seem to grasp the reality of debt, what line items make it up and what benefits the American people get out of that debt. I posted the comparison and you ignored it, just like you claimed I wasn't interpreting GDP numbers properly but never explained how?

Obama's debt came from the 842 billion stimulus and the fact that he never generated the promised new taxpayers that the stimulus was supposed to, create, 4 million fewer taxpayers in 2009, 3 million fewer in 2010 and we never got back to pre recession employment until 2014 all the while continuing spending including recycling TARP which was repaid and should have reduced the deficit.

Simple facts always get in the way of your rhetoric as you cannot admit when wrong

so 20 million job created wasn't good enough? You seem to be okay with trumps 30 million lost.

 

[Tbird19482]

You cannot seem to grasp that Obama's 9.3 trillion added to the debt didn't generate the promised return of shovel ready jobs and led to the worst recovery from a major recession in modern history. Why is that?

You also cannot seem to grasp the reality of debt, what line items make it up and what benefits the American people get out of that debt. I posted the comparison and you ignored it, just like you claimed I wasn't interpreting GDP numbers properly but never explained how?

Obama's debt came from the 842 billion stimulus and the fact that he never generated the promised new taxpayers that the stimulus was supposed to, create, 4 million fewer taxpayers in 2009, 3 million fewer in 2010 and we never got back to pre recession employment until 2014 all the while continuing spending including recycling TARP which was repaid and should have reduced the deficit.

Simple facts always get in the way of your rhetoric as you cannot admit when wrong

Where did he promise 4 million new taxpayers
I have read where he promised a million new jobs and there was only 331,000 new jobs created
but I have never read he promised 4 million new taxpayers
have a nice day

 

[Kushinator]

led to the worst recovery from a major recession in modern history.

The Great Recession was the only major recession in modern history.

 

[Conservative]

Where did he promise 4 million new taxpayers
I have read where he promised a million new jobs and there was only 331,000 new jobs created
but I have never read he promised 4 million new taxpayers
have a nice day

Where did I say he promised 4 million new taxpayers? The results of his stimulus are on display that you want to ignore. Do you know what a shovel ready job is?? Good neither did Obama

So tell me why do you spend 842 billion dollars on a stimulus for shovel ready jobs, add 9.3 trillion to the debt then celebrate the results that Obama generated? Answer, you DON'T which is why he lost the House in 10-12-14-16 and the Senate in 14-16 and why Republicans grew seats in the Senate in 2018.

 

[Kushinator]

Where did he promise 4 million new taxpayers
I have read where he promised a million new jobs and there was only 331,000 new jobs created
but I have never read he promised 4 million new taxpayers
have a nice day

Why he pulled it from his ass of course! How desperate can one be to bring up Obama in every single discussion?

It's a sickness.

 

[Conservative]

The Great Recession was the only major recession in modern history.

Wrong 81/82 was worse and affected MORE AMERICANS. Globalists like you ignore that reality because big gov't liberals like yourself need massive gov't spending to support your own personal responsibility issues. Globalists like you focus on the world economy which is dependent on Gov't spending for most of their GDP, not the case here, Consumer spending/Consumption the number one Component of our GDP by a large margin

Results again of the Obama/Trump debt

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?

 

[Kushinator]

Where did I say he promised 4 million new taxpayers?

You spew so much trash you don't remember what you post.

:laughat:

the promised new taxpayers that the stimulus was supposed to, create, 4 million fewer taxpayers in 2009

 

[Kushinator]

Wrong 81/82 was worse and affected MORE AMERICANS.

This is simply not true. A self-manufactured recession (via a brief experiment with monetarism) isn't even in the same solar system as a global financial crisis.

 

[Conservative]

You spew so much trash you don't remember what you post.

:laughat:

Then you shouldn't have any problem supporting your claim, pretty easy to research

 

[Conservative]

This is simply not true. A self-manufactured recession (via a brief experiment with monetarism) isn't even in the same solar system as a global financial crisis.

That is your opinion only and that of other Globalists, Fact the misery index is a good indication as well, this was a financial crisis, APPROXIMATELY 50% of Americans don't own a home. The 81-82 recession was a double dip and affected almost every Americans as it was affected by the FED raising of interest rates, how old were you in 81-82?

 

[Kushinator]

Then you shouldn't have any problem supporting your claim, pretty easy to research

Already linked in the post you've quoted.

 

[Kushinator]

That is your opinion only and that of other Globalists

This is the concensus among economists. You will disagree on the basis of rabid partisanship.

 

[Conservative]

Already linked in the post you've quoted.

The post you quoted gave the official RESULTS, no such prediction, 4 million fewer people employed by the end of 2009 than when the stimulus was signed, 3 million fewer employed the end of 2010 than when the stimulus was signed, February 2009. Facts seem to have no place in that liberal mind of yours

 

[Conservative]

This is the concensus among economists. You will disagree on the basis of rabid partisanship.

Economist opinions didn't resonate with the electorate, Obama didn't cause the recession but gave us the worst recovery from a major recession and that is what the electorate saw.

 

[Tbird19482]

Where did I say he promised 4 million new taxpayers? The results of his stimulus are on display that you want to ignore. Do you know what a shovel ready job is?? Good neither did Obama

So tell me why do you spend 842 billion dollars on a stimulus for shovel ready jobs, add 9.3 trillion to the debt then celebrate the results that Obama generated? Answer, you DON'T which is why he lost the House in 10-12-14-16 and the Senate in 14-16 and why Republicans grew seats in the Senate in 2018.

So you can't show us were you got your 4 million taxpayers
from
and are now running away from my question
So if you can't post where you got that number from all we can do is believe it is just another one of your lies
Have a nice day

 

[Kushinator]

The post you quoted gave the official RESULTS, no such prediction, 4 million fewer people employed by the end of 2009 than when the stimulus was signed, 3 million fewer employed the end of 2010 than when the stimulus was signed, February 2009. Facts seem to have no place in that liberal mind of yours

:shrug:

It's not my fault that you continually butcher the English language.

the promised new taxpayers that the stimulus was supposed to, create, 4 million fewer taxpayers in 2009

How can you have a debate when you're unable to write coherent thoughts?

 

[Conservative]

So you can't show us were you got your 4 million taxpayers
from
and are now running away from my question
So if you can't post where you got that number from all we can do is believe it is just another one of your lies
Have a nice day

Yes I can and always have, 142 million Employed January 2009, 138 million employed January 2010, 139 million Janaury 2011! Your loyalty and love affair with Obama is absolutely cult like. Are you mature enough to admit when wrong?

Labor Force Statistics from the Current Population Survey
Original Data Value

Series Id: LNS12000000
Seasonally Adjusted
Series title: (Seas) Employment Level
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over
Years: 2008 to 2019

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 146378 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
2009 142152 141640 140707 140656 140248 140009 139901 139492 138818 138432 138659 138013
2010 138438 138581 138751 139297 139241 139141 139179 139438 139396 139119 139044 139301
2011 139250 139394 139639 139586 139624 139384 139524 139942 140183 140368 140826 140902
2012 141584 141858 142036 141899 142206 142391 142292 142291 143044 143431 143333 143330
2013 143292 143362 143316 143635 143882 143999 144264 144326 144418 143537 144479 144778
2014 145150 145134 145648 145667 145825 146247 146399 146530 146778 147427 147404 147615 1.9
2015 148150 148053 148122 148491 148802 148765 148815 149175 148853 149270 149506 150164
2016 150622 150934 151146 150963 151074 151104 151450 151766 151877 151949 152150 152276
2017 152128 152417 152958 153150 152920 153176 153456 153591 154399 153847 153945 154065
2018 154482 155213 155160 155216 155539 155592 155964 155604 156069 156582 156803 156945
2019 156694 156949 156748 156645 156758 157005 157288 157878 158269 158510 158593 158803
2020 158700 158759