• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

[W:1422] Federal Deficit Soars

Re: Federal Deficit Soars

The basic problem here is that debt service is part of the deficit each and every year and as interest rates rise so does the debt service. In fiscal year 2018 that amounts to approximately 500 billion of the 2018 deficit, all on past debt, not Trump's debt

the problem is the federal debt increases every since Reagan cut taxes and increased spending exponentially.

US-national-debt-GDP-graph.webp

and the result of Reagan's voodoo economics tax cuts for the rich is that 90% of the American people have been left out of economic growth since the 1980's

inequality-pimer-infocus_infocus.webp

main-qimg-8d4151784e161cf98510a3d04bbff29e.webp

10-21-10inc-f3.webp
 
Re: Federal Deficit Soars

The basic problem here is that debt service is part of the deficit each and every year and as interest rates rise so does the debt service. In fiscal year 2018 that amounts to approximately 500 billion of the 2018 deficit, all on past debt, not Trump's debt

Trump is now the POTUS so it is now Trump's debt. Trump is also running a large deficit which adds to the existing debt. The fairy tale being advanced is that Trump is reducing the deficit when, in fact, he (based on the 'budget' that he signed into law) he is increasing the deficit.
 
Re: Federal Deficit Soars

the problem is the federal debt increases every since Reagan cut taxes and increased spending exponentially.

View attachment 67238871

and the result of Reagan's voodoo economics tax cuts for the rich is that 90% of the American people have been left out of economic growth since the 1980's

View attachment 67238872

View attachment 67238873

View attachment 67238874

You don't have a clue what those charts show or the context that is ignored, you are truly a waste of time, no treasury data supports your claim about tax cuts which is why you never post any
 
Re: Federal Deficit Soars

If federal revenue was growing then one would expect that the federal deficit would be falling under Trump - isn't that your contention?

Since the federal deficit is actually growing (2017 vs. 2018) under Trump then which of the following happened?

A) federal revenue fell under Trump.

B) federal spending grew under Trump.

C) federal revenue grew but federal spending grew even more under Trump.

https://www.usgovernmentdebt.us/us_deficit

2018 ain't over yet.

Revenue and spending are both way up.

One existing doesn't always mean the other ceases to exist.
 
Re: Federal Deficit Soars

A deficit is the result of receipts and outlays. measuring the growth of revenue by the size of the deficit ignores half of the equation.

https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary

Trump signed into law the entire 'budget' equation - to pretend current spending is not Trump spending is BS. The bottom line is that you cannot tax at about 17% of GDP and spend at about 21% of GDP and not end up with a deficit of about 4% of GDP.
 
Re: Federal Deficit Soars

Trump is now the POTUS so it is now Trump's debt. Trump is also running a large deficit which adds to the existing debt. The fairy tale being advanced is that Trump is reducing the deficit when, in fact, he (based on the 'budget' that he signed into law) he is increasing the deficit.

That is very true, just like it is the Trump economy but context does indeed matter and of that current 2018 deficit 500 billion is debt service on the previous debt inherited, that is reality. Every month of 2018 has seen FIT revenue exceed the same month in 2017 and that is impossible according to liberals. tax cuts stimulate the number one component of GDP, consumer spending and that is what creates economic growth and job creation all successes under Trump

Trump inherited a 1.2% GDP growth economy and a 1.5% growth in 2016 stimulated it with the pro growth EO's and then the tax cuts. He isn't taking a salary and has reduced what he can control the executive branch of the federal govt I continue to promote term limits and refuse to vote to reward bureaucrats for their waste, fraud, and abuse of the tax dollars they have received
 
Re: Federal Deficit Soars

Trump signed into law the entire 'budget' equation - to pretend current spending is not Trump spending is BS. The bottom line is that you cannot tax at about 17% of GDP and spend at about 21% of GDP and not end up with a deficit of about 4% of GDP.

FIT revenue as a percentage of GDP is a bogus analysis as we aren't a govt. predominated GDP. the higher the GDP the lower the percentage of taxes to GDP so tell me why that is important. Seems the left wants to use that number but never the debt to GDP. Interesting and very selective analysis to promote a radical agenda
 
Re: Federal Deficit Soars

Trump signed into law the entire 'budget' equation - to pretend current spending is not Trump spending is BS. The bottom line is that you cannot tax at about 17% of GDP and spend at about 21% of GDP and not end up with a deficit of about 4% of GDP.

I don't argue with anything you said.

What makes you bring it up? We were talking only about whether or not a tax cut increases revenue.
 
Re: Federal Deficit Soars

Every month of 2018 has seen FIT revenue exceed the same month in 2017 and that is impossible according to liberals.

Monthly Treasury Statement Receipts ($ Millions)
[table="width: 500, class: grid"]
[tr]
[td][/td]
[td]
2017​
[/td]
[td]
2018​
[/td]
[td]
Δ​
[/td]

[/tr]
[tr]
[td]Jan[/td]
[td]$344.1[/td]
[td]$361.0[/td]
[td]$17.0 (5%)[/td]
[/tr]
[tr]
[td]Feb[/td]
[td]$171.7[/td]
[td]$155.6[/td]
[td]-$16.1 (-9%)[/td]
[td]Tax cuts implemented[/td]
[/tr]
[tr]
[td]Mar[/td]
[td]$216.6[/td]
[td]$210.8[/td]
[td]-$5.8 (-3%)[/td]
[/tr]
[tr]
[td]Apr[/td]
[td]$455.6[/td]
[td]$510.4[/td]
[td]$54.8 (12%)[/td]
[td]CY2017 receipts surge[/td]
[/tr]
[tr]
[td]May[/td]
[td]$240.4[/td]
[td]$217.1[/td]
[td]-$23.2 (-10%)[/td]
[/tr]
[tr]
[td]June[/td]
[td]$338.7[/td]
[td]$316.3[/td]
[td]-$22.4 (-7%)[/td]
[/tr]
[/table]
 
Re: Federal Deficit Soars

Monthly Treasury Statement Receipts ($ Millions)
[table="width: 500, class: grid"]
[tr]
[td][/td]
[td]
2017​
[/td]
[td]
2018​
[/td]
[td]
Δ​
[/td]

[/tr]
[tr]
[td]Jan[/td]
[td]$344.1[/td]
[td]$361.0[/td]
[td]$17.0 (5%)[/td]
[/tr]
[tr]
[td]Feb[/td]
[td]$171.7[/td]
[td]$155.6[/td]
[td]-$16.1 (-9%)[/td]
[td]Tax cuts implemented[/td]
[/tr]
[tr]
[td]Mar[/td]
[td]$216.6[/td]
[td]$210.8[/td]
[td]-$5.8 (-3%)[/td]
[/tr]
[tr]
[td]Apr[/td]
[td]$455.6[/td]
[td]$510.4[/td]
[td]$54.8 (12%)[/td]
[td]CY2017 receipts surge[/td]
[/tr]
[tr]
[td]May[/td]
[td]$240.4[/td]
[td]$217.1[/td]
[td]-$23.2 (-10%)[/td]
[/tr]
[tr]
[td]June[/td]
[td]$338.7[/td]
[td]$316.3[/td]
[td]-$22.4 (-7%)[/td]
[/tr]
[/table]

it must be possible, in right wing fantasy.
 
Re: Federal Deficit Soars

I don't argue with anything you said.

1) What makes you bring it up? 2) We were talking only about whether or not a tax cut increases revenue.

1) The thread topic is the soaring deficit - is it not?

2) Compare total federal revenue for Feb. 2017 and Feb. 2018 - which is higher?
 
Re: Federal Deficit Soars

Monthly Treasury Statement Receipts ($ Millions)
[table="width: 500, class: grid"]
[tr]
[td][/td]
[td]
2017​
[/td]
[td]
2018​
[/td]
[td]
Δ​
[/td]

[/tr]
[tr]
[td]Jan[/td]
[td]$344.1[/td]
[td]$361.0[/td]
[td]$17.0 (5%)[/td]
[/tr]
[tr]
[td]Feb[/td]
[td]$171.7[/td]
[td]$155.6[/td]
[td]-$16.1 (-9%)[/td]
[td]Tax cuts implemented[/td]
[/tr]
[tr]
[td]Mar[/td]
[td]$216.6[/td]
[td]$210.8[/td]
[td]-$5.8 (-3%)[/td]
[/tr]
[tr]
[td]Apr[/td]
[td]$455.6[/td]
[td]$510.4[/td]
[td]$54.8 (12%)[/td]
[td]CY2017 receipts surge[/td]
[/tr]
[tr]
[td]May[/td]
[td]$240.4[/td]
[td]$217.1[/td]
[td]-$23.2 (-10%)[/td]
[/tr]
[tr]
[td]June[/td]
[td]$338.7[/td]
[td]$316.3[/td]
[td]-$22.4 (-7%)[/td]
[/tr]
[/table]

Thank you for the attempt but I have been talking FEDERAL INCOME TAX REVENUE not total taxes
 
Re: Federal Deficit Soars

1) The thread topic is the soaring deficit - is it not?

2) Compare total federal revenue for Feb. 2017 and Feb. 2018 - which is higher?

Fair enough.

The thread is about the deficit. The conversation in which I was involved was not. It was about the impact of tax cuts or raises on revenue.

The total revenue for January was higher than any other January in history for any country ever.

If we pick enough cherries, we can make a pie.

In every other area of tax policy, it's pretty well accepted that an increase in taxes will produce a decrease in usage. Raise taxes on cigarettes or gasoline and the impact is assumed to be a decrease in usage.

Increase or decrease taxes on personal income, corporate profitability and investment and what may we assume the impacts might be?
 
Re: Federal Deficit Soars

Monthly Treasury Statement Receipts ($ Millions)
[table="width: 500, class: grid"]
[tr]
[td][/td]
[td]
2017​
[/td]
[td]
2018​
[/td]
[td]
Δ​
[/td]

[/tr]
[tr]
[td]Jan[/td]
[td]$344.1[/td]
[td]$361.0[/td]
[td]$17.0 (5%)[/td]
[/tr]
[tr]
[td]Feb[/td]
[td]$171.7[/td]
[td]$155.6[/td]
[td]-$16.1 (-9%)[/td]
[td]Tax cuts implemented[/td]
[/tr]
[tr]
[td]Mar[/td]
[td]$216.6[/td]
[td]$210.8[/td]
[td]-$5.8 (-3%)[/td]
[/tr]
[tr]
[td]Apr[/td]
[td]$455.6[/td]
[td]$510.4[/td]
[td]$54.8 (12%)[/td]
[td]CY2017 receipts surge[/td]
[/tr]
[tr]
[td]May[/td]
[td]$240.4[/td]
[td]$217.1[/td]
[td]-$23.2 (-10%)[/td]
[/tr]
[tr]
[td]June[/td]
[td]$338.7[/td]
[td]$316.3[/td]
[td]-$22.4 (-7%)[/td]
[/tr]
[/table]

From Treasury data how does the 2018 Federal Income Tax cuts grow FIT revenue

3 Personal current taxes 2004.9 2014.2 2048.5 2070.9 2029.9 2046.3

2004.9 and 2014.2 FIT Revenue per qtr. 2017

2019.3 and 2046.3 FIT revenue per qtr 2018

Looks like an increase to me
 
Re: Federal Deficit Soars

I still don't understand where you got the idea that I want to grow government or increase the size of government. Growing revenue implies nothing beyond growing revenue. Everything else is conjured by you.

If government revenue grows with each tax rate cut, government gets bigger, spends more, with each tax cut. If we just keep cutting tax rates, we'll pay off the debt and when we're done can do universal healthcare! Sounds good!

Your LOL-ing seems to be shrinking your thinking.

You cited the Laffer Curve but not even Art Laffer will claim that tax rate cuts from anywhere near current rates increase revenue. He talks all around it but won't state it outright because he knows it's a lie. So the Laffer Curve has been used as a propaganda tool to justify tax rate cuts on the fat cat donor class to tell us that the tax rate cuts have no cost, no downside! It's either funny or tragic, but it's a damned lie.
 
Re: Federal Deficit Soars

Fair enough.

The thread is about the deficit. The conversation in which I was involved was not. It was about the impact of tax cuts or raises on revenue.

The total revenue for January was higher than any other January in history for any country ever.

The only people paying taxes in January are individuals and businesses making their final 1/15 estimated tax payment for the 2017 tax year UNDER THE OLD LAW. So you're picking months under the old law to prove taxes under the new law go up after tax rate cuts. It's nonsense.

If we pick enough cherries, we can make a pie.

In every other area of tax policy, it's pretty well accepted that an increase in taxes will produce a decrease in usage. Raise taxes on cigarettes or gasoline and the impact is assumed to be a decrease in usage.

Increase or decrease taxes on personal income, corporate profitability and investment and what may we assume the impacts might be?

That's a different argument. Let's do some simple math. Let's assume corporate profits in 2017 were $100 at a rate of 35% and in 2018 are $110 at a rate of 21%. And we can assume ALL that growth is entirely due to the tax cuts, that without tax cuts income would have grown 0%. We can also assume inflation is 0% and population growth is 0%. In other words, the tax rate cuts boosted corporate activity and taxable profits by 10%, which is just a massive impact. So let's see what the impact on revenue is:

$100 X 35% = $35
$110 X 21% = $23

So profits went up by $10 - a full 10% after accounting for inflation!!!, but revenue still dropped by $12!, or over 33% from previous levels Tax rate cuts did not increase revenue!! So it's not enough to say that tax rate cuts will increase corporate activity, boost growth a bit. This is the other lie that lying hacks in the GOP tell us to pretend that tax rate cuts are a no-lose proposition - we give the donor class huge gifts of increases in after tax income and it doesn't cost anybody anything because revenue goes UP! No need to cut spending, or raise taxes on anyone else - everyone wins! Yes Virginia there really IS a Tax Santa Clause!!
 
Re: Federal Deficit Soars

A deficit is the result of receipts and outlays. measuring the growth of revenue by the size of the deficit ignores half of the equation.

https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary

That is correct. And what the GOP does is cut tax rates which lowers revenue, promise spending cuts which never come and in fact INCREASE spending which everyone loves, blow up the deficit, and claim the mantle of "fiscally responsible."

"You know, Paul, Reagan proved deficits don't matter. [We won the election. More tax cuts] is our due." That's it for GOP fiscal policy. Period. The end.

Well, then when a Democrat gets in the WH, start whining and crying constantly about the awful, terrible deficits they didn't care about when a Republican sat in the WH, and when a Democrat raises taxes to deal with the deficit, run a $billion worth of ads against tax-raisin' big spendin' liberals.

The theory is explained here - the Two Santa Clause theory, which is basically that the Democrats won elections by promising more spending. The GOP can't win by promising spending cuts, so they'll promise spending like the Democrats (Santa Clause #1) AND tax cuts (Santa Clause #2). And the beauty of the Laffer Curve which came after Wanniski's two Santa Clause theory is that it promises that tax cuts not only don't require offsetting spending cuts, but that tax cuts allow for MORE spending, BIGGER programs, BIGGER government!
 
Re: Federal Deficit Soars

Thank you for the tirade, what Trump spends of his own money is none of your or my business and if you don't like what corporate CEO's are being paid don't support those companies. The power of the purse works wonders. Your liberal mindset forces you to think with your heart and not your brain

It is capitalism that made this the greatest country on the face of the earth and it is liberalism that is trying to destroy it. Being a self made person and then a liberal? Makes no sense. If you truly were self made you did so on capitalism not with entitlement programs and certainly not with class warfare and envy.

I don't do Tirades,just facts,Crikey if I was one of Trumps Debtors and got nothing(for work performed)I then see him negate his responsibities sic then allowed to do the same thing time and time again,I would be Pissed indeed...His is not true Capitalism it's Cheating


You have to see a persons back ground to judge and make comment,especially me...Our Mom was widowed at 28 with six children,I was four at the time,fortunately the home was paid off with my fathers death policy but things were quite tough for Mom and us all if you just factor material wealth...but we had a wonderful childhood with love and affection and throughout we supported each other without any complaint.


I used this system through my business career,the loyalty garnered is the reason for success,no one has ever been sacked from our company,folk have problems from time to time but with support this is easily overcome...people I find tend to worry too much,life is just allaying fear.


Of course you can be a Liberal Capitalist,one does not preclude the other,you are way behind the 8 ball if that is what you think,which is what some capitalist think,infact many leaders of industry in all fields worldwide,think as I do. ,to care for your work force (those who without,you will never make money) A lot of Business people think you have to treat employees with a Big Stick...it does not work,it just causes resentment, lack of loyalty and demise of any business through lack of motivation


I know because I spend time,turning around other peoples business,always the "fish stinks at the head first" Management in a word...so few Managers and Business owners can communicate propertly,mainly because of the arrogance of only seeing things from only their perspective...how many employees got to "Meetings" and come out thinking,how on earth did this Manager get a Job!!!


In my early days I went for a job interview,I didn't get the Job although by far the best candidate because I was a Prodestant AND THE COMPANY WERE CATHOLIC(TRUE AS I SIT HERE) It gave me great satisfaction some years later to buy out this Company and fire the interviewer on the Spot


So you who probably have only worked for a Firm,through the normal system can crow all you like,no doubt let go at a certain age(Boring)


As a last notation...The money $150,000 x 2 (that we know of)Trump spent was not his,but those family businesses that went into Bankruptcy and the loss of workers jobs etc.,through non payment of services by Trump...I'm glad you don't care(it shows you for what you are,a nobody) But I do and so do most Americans


As I said you have No Motivation,Selfish and a BORE....YAWN


And please don't take my comments to you as an Insult...BECAUSE THEY ARE TRUE...A FACT
 
Last edited:
Re: Federal Deficit Soars

I don't do Tirades,just facts,Crikey if I was one of Trumps Debtors and got nothing(for work performed)I then see him negate his responsibities sic then allowed to do the same thing time and time again,I would be Pissed indeed...His is not true Capitalism it's Cheating


You have to see a persons back ground to judge and make comment,especially me...Our Mom was widowed at 28 with six children,I was four at the time,fortunately the home was paid off with my fathers death policy but things were quite tough for Mom and us all if you just factor material wealth...but we had a wonderful childhood with love and affection and throughout we supported each other without any complaint.


I used this system through my business career,the loyalty garnered is the reason for success,no one has ever been sacked from our company,folk have problems from time to time but with support this is easily overcome...people I find tend to worry too much,life is just allaying fear.


Of course you can be a Liberal Capitalist,one does not preclude the other,you are way behind the 8 ball if that is what you think,which is what some capitalist think,infact many leaders of industry in all fields worldwide,think as I do. ,to care for your work force (those who without,you will never make money) A lot of Business people think you have to treat employees with a Big Stick...it does not work,it just causes resentment, lack of loyalty and demise of any business through lack of motivation


I know because I spend time,turning around other peoples business,always the "fish stinks at the head first" Management in a word...so few Managers and Business owners can communicate propertly,mainly because of the arrogance of only seeing things from only their perspective...how many employees got to "Meetings" and come out thinking,how on earth did this Manager get a Job!!!


In my early days I went for a job interview,I didn't get the Job although by far the best candidate because I was a Prodestant AND THE COMPANY WERE CATHOLIC(TRUE AS I SIT HERE) It gave me great satisfaction some years later to buy out this Company and fire the interviewer on the Spot


So you who probably have only worked for a Firm,through the normal system can crow all you like,no doubt let go at a certain age(Boring)


As a last notation...The money $150,000 x 2 (that we know of)Trump spent was not his,but those family businesses that went into Bankruptcy and the loss of workers jobs etc.,through non payment of services by Trump...I'm glad you don't care(it shows you for what you are,a nobody) But I do and so do most Americans


As I said you have No Motivation,Selfish and a BORE....YAWN


And please don't take my comments to you as an Insult...BECAUSE THEY ARE TRUE...A FACT

This seems very hard for you and so many to understand, but the deficit in 2018 is mostly made up of debt service on the debt the bureaucrats have given us over decades, about 500 billion in debt service which is why the claim is being made that the deficit is soaring. As interest rates rise so does the debt service but you and others want to blame this on Trump totally ignoring that Obama had trillion dollar deficits four straight years but it was never stated that the deficits were soaring

Reality is something that the left doesn't understand as they still want to reward bureaucrats by raising taxes and taking money out of the consumers, state, and local governments which does nothing but create dependence. Why would anyone want to give more money to the bureaucrats that created the current 21 trillion dollar debt?

Now regarding your post and claims of being a liberal as it relates to handling your employees, to me that isn't being a liberal that is doing what is right for the business. It is however a two way street where employees and business have to be loyal to each other. I ran a 200 million dollar a year business with over 1200 employees, never paid minimum wage, and always promoted from within based upon individual performance and attitude. Worked quite well as my turnover showed yet far too many here seem to hate business and condone poor economic and employee performance always focusing on the wage difference. People control their own destiny and hard work, dedication, honesty, great work ethic will continue to generate success
 
Re: Federal Deficit Soars

Since the radical left now seems interested in budget cuts, let's look at what Trump proposed for 2019, anyone notice any cuts here

https://www.washingtonpost.com/grap...et-2019/?noredirect=on&utm_term=.8c386d348b3c

Seems that Congressional spending is always the responsibility of the President in the leftwing world many live in

Presenting spending cuts/additions a percentages looks very cool on a chart/graph but then cutting 10% (a long red line?) from a $20B department/program (net savings of $2B) looks like it saves a lot more than adding 2% (a short blue line?) to a $200B department/program (net addition of $4B) but the end result of the two changes is more total spending increases in actual dollars than total spending cuts in actual dollars.

The bottom line (total spending additions minus total spending cuts) is curiously missing presented as a dollar amount as is projected total spending - projected total revenue (the projected deficit) as dollar amounts.
 
Re: Federal Deficit Soars

This seems very hard for you and so many to understand, but the deficit in 2018 is mostly made up of debt service on the debt the bureaucrats have given us over decades, about 500 billion in debt service which is why the claim is being made that the deficit is soaring. As interest rates rise so does the debt service but you and others want to blame this on Trump totally ignoring that Obama had trillion dollar deficits four straight years but it was never stated that the deficits were soaring

Reality is something that the left doesn't understand as they still want to reward bureaucrats by raising taxes and taking money out of the consumers, state, and local governments which does nothing but create dependence. Why would anyone want to give more money to the bureaucrats that created the current 21 trillion dollar debt?

Now regarding your post and claims of being a liberal as it relates to handling your employees, to me that isn't being a liberal that is doing what is right for the business. It is however a two way street where employees and business have to be loyal to each other. I ran a 200 million dollar a year business with over 1200 employees, never paid minimum wage, and always promoted from within based upon individual performance and attitude. Worked quite well as my turnover showed yet far too many here seem to hate business and condone poor economic and employee performance always focusing on the wage difference. People control their own destiny and hard work, dedication, honesty, great work ethic will continue to generate success

Debt Service? the budget is 4.407 trillion dollars. why is the interest on the federal debt what you consider the only line item contributing to the deficit?

your buddy Reagan is the one who put the Republican party on this path of ever increasing deficit spending. every republican administration since has doubled down on tax cuts and increased spending. not a fiscal conservative among them.

https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
 
Re: Federal Deficit Soars

Presenting spending cuts/additions a percentages looks very cool on a chart/graph but then cutting 10% (a long red line?) from a $20B department/program (net savings of $2B) looks like it saves a lot more than adding 2% (a short blue line?) to a $200B department/program (net addition of $4B) but the end result of the two changes is more total spending increases in actual dollars than total spending cuts in actual dollars.

The bottom line (total spending additions minus total spending cuts) is curiously missing presented as a dollar amount as is projected total spending - projected total revenue (the projected deficit) as dollar amounts.

But the other part of the equation is ignore, REVENUE!!! When tax are cut, consumer spending increases which boosts corporate profits, excise taxes(gasoline), investment income, along with state and local revenue such as sales taxes. The revenue side is always focused on FIT which also has been shown to increase but the other revenue sources have been ignored
 
Re: Federal Deficit Soars

Debt Service? the budget is 4.407 trillion dollars. why is the interest on the federal debt what you consider the only line item contributing to the deficit?

your buddy Reagan is the one who put the Republican party on this path of ever increasing deficit spending. every republican administration since has doubled down on tax cuts and increased spending. not a fiscal conservative among them.

https://www.thebalance.com/u-s-federal-budget-breakdown-3305789

because the debt service this year alone is up well over 100 billion dollars due to interest increases and is now over 500 billion of the 2018 deficit. Reagan was so hated by you because he understood what you don't people keeping more of what they earn benefits the economy and means they need less govt. spending. Reagan won 49 states in 1984 and left us with a peace dividend and a Republican President who along with Clinton squandered it. Interesting how the Reagan economy left us with a GOP President whereas the Obama economy left us with a GOP President. Wonder if you can connect the dots?

Reagan left us with a 2.6 trillion dollar debt on a 5.2 trillion dollar economy which is 50%
Bush left us with a 10.9 trillion dollar debt on a 14.7 trillion dollar economy which is 70%

Obama left us with a 20 trillion dollar debt on an 18.5 trillion dollar economy well over 100%

Tell me which one was more fiscally responsible?
 
Re: Federal Deficit Soars

because the debt service this year alone is up well over 100 billion dollars due to interest increases and is now over 500 billion of the 2018 deficit. Reagan was so hated by you because he understood what you don't people keeping more of what they earn benefits the economy and means they need less govt. spending. Reagan won 49 states in 1984 and left us with a peace dividend and a Republican President who along with Clinton squandered it. Interesting how the Reagan economy left us with a GOP President whereas the Obama economy left us with a GOP President. Wonder if you can connect the dots?

Reagan left us with a 2.6 trillion dollar debt on a 5.2 trillion dollar economy which is 50%
Bush left us with a 10.9 trillion dollar debt on a 14.7 trillion dollar economy which is 70%

Obama left us with a 20 trillion dollar debt on an 18.5 trillion dollar economy well over 100%

Tell me which one was more fiscally responsible?

again you have a very skewed perception of reality

bush was better than Obama? bush took us from a balanced federal budget to trillion dollar deficits and a country in the worst recession since the hoover days with a broken global financial system.

Obama brought us out of that bushole. his deficits and subsequent increase in the federal debt truly belong to bush. No to mention the Republican Congress fought him every step of the way

Clinton's economic numbers are better than Reagan's and he raised taxes and balanced the federal budget
 
Back
Top Bottom