Where is Trump's Balanced Budget?

[Blue Dog]

Fiscal conservatism has become nothing beyond political rhetoric. More often than not, it’s the minority party’s election weapon against the majority in power. The deficit hawks seem to vanish when they get elected.

Deficits do not matter except in words only...

 

[Taylor]

True, but at least Obama reduced the horrendous GW Bush deficit. But I agree, we need a balanced budget, and neither executed that.

Meanwhile, back in reality... he more than doubled it.

 

[Greenbeard]

Obama kept borrowing train-car loads of cash to keep his deficit down.

 

[Logicman]

Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Well, he had to first rebuild the military that that idiot Obama and his left-wing loons let decay to the point that was extremely concerning.

But stay tuned in the years ahead.

 

[Fletch]

Sorry, doesn't hold weight. Study your history, and look at the deficit chart in the first post. GW Bush executed the worst presidential pass-on since the depression - a banking/housing crisis, 2 wars, a bankrupt US auto industry, CEO corruption gone amuck, a dwindling stock market, etc. Once Obama fixed those problems, the deficit started dropping like a rock.

No it didnt. His final budget deficit was $666 billion. Why did that not upset you but Trumps do?

 

[Fletch]

In what "reality" is blowing a trillion dollar hole in the deficit with tax cuts going to magically make the deficit better? Can you explain this magic?

Also, after hearing conservatives scream for 8 years about the deficit then suddenly not caring as soon as a Republican comes in office, you have no credibility left.

Bush doubled the debt. Obama doubled the debt. And nothing happened. Why should I worry if Trump doubles the debt?

 

[code1211]

Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.

Very true.

If Trump could work around Congress somehow, he'd probably be able to make some progress.

When the House goes Blue, he may be able to work productively with a partner there as Clinton and Gingrich worked together.

I'm sure that a partner like Pelosi will be nothing but helpful.

 

[OrphanSlug]

Name any politician who would lead us to a balanced budget without also leading us to a recession.

No one can now, our economic model is dependent on deficit spending.

 

[RabidAlpaca]

Bush doubled the debt. Obama doubled the debt. And nothing happened. Why should I worry if Trump doubles the debt?

Of course, you only whine and complain when a Democrat does it. Now you don't care.

 

[AlbqOwl]

Meanwhile, back in reality... he more than doubled it.

Bush did double the National Debt but those deficits were coming down dramatically so much that if the 2008 housing bubble crash had not happened, the deficit that year would have been $59 billion or less. As it was, because of the off budget TARP bill to stabilize the situation--a bill Senator Obama approved and voted for--the 2008 deficit was roughly $450 billion. Obama's 2009 deficit was $1.4 trillion when the TARP bill was expected to increase the projected deficit to $407 billion.

GWB:

2001 - $128 billion surplus (actually Clinton budget)
2002 - $158 billion - included the 9/11 triggered recession and the war
2003 - $378 billion
2004 - $413 billion
2005 - $318 billion
2006 - $248 billion
2007 - $161 billion
2008 - $459 billion - included $400 billion off budget TARP

Obama:

Deficit 2009 - just over $1.4 trillion - included an almost balanced Bush budget plus $400 billion off budget TARP and $800+ billion off budget stimulus package
Deficit 2010 - just under $1.3 trillion.
Deficit 2011 - roughly $1.3 trillion
Deficit 2012 - roughly $1.1 trillion
Deficit 2013 - roughly $680 billion
Deficit 2014 - roughly $514 billion
Deficit 2015 - roughly $435 billion
Deficit 2016 - roughly $587 billion and projected to keep increasing.

Trump's first year deficit - $440 billion when the projected deficit was $559 billion

We will have to see how this year will shake out or if it will be as bad as the forecast. But trying to make Trump look like a fiscally irresponsible spending fiend just doesn't wash on the face of it.

 

[Rogue Valley]

Another Trump promise not only broken, but the situation is now manifestly worse.

 

[Perotista]

Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.

Yes they do. From Jan 2017 onward, that is until Jan 2019 when the democrats will have the house and then it becomes a bipartisan mirror. Just like it was from Jan 2011-Jan 2017. Although the debt added from Jan 2009-Jan 2011 was purely a Democratic addition according to your logic. While debt added from Jan 2007-Jan 2009 was once again bipartisan debt. Again using your logic and on further back beginning with Republican Reagan and Democratic Speaker and controlled House, Tip O'Neal which made the debt bipartisan through Jan 1993 when the Democrats once again controlled everything.

Let's face it, neither party gives a damn about fiscal responsibility. If they did, something would have been done a long, long time ago. All the debt is used for as both parties spend us into oblivion is a campaign issue, a slogan with no meaning.

It took both major parties to get us where we are, it will take both to solve this debt crisis if possible. I happened to think we crossed the point of no return quite a while ago. Especially when both parties only want to use the debt and deficits as campaign issues and slogans. Our children and grand children certainly will pay the price for both parties ignorance and both parties attitude of living today like there is no tomorrow.

 

[marke]

Slow down there hoss. Economics is not something everybody should be trying to understand.

 

[Greenbeard]

Slow down there hoss. Economics is not something everybody should be trying to understand.

You have adroitly demonstrated that!

 

[Media_Truth]

Trump has accomplished 289 of his goals in just 20 months. He has been relentless in keeping his promises. Complaining about him not having already done everything just looks petty.

A person can max out a few credit cards, and purchase a large number of items. He can buy the most elaborate home security system on the market (i.e. defense spending). He can appear to be very successful - new cars, new homes, etc. Eventually, he has to pay it back, otherwise he will lose everything. After cleaning up the GW mess, Obama reduced the deficit substantially. Trump has done nothing but skyrocket the deficit. Any pluses, and I contend there aren't many, are negligent.

 

[Conservative]

A person can max out a few credit cards, and purchase a large number of items. He can buy the most elaborate home security system on the market (i.e. defense spending). He can appear to be very successful - new cars, new homes, etc. Eventually, he has to pay it back, otherwise he will lose everything. After cleaning up the GW mess, Obama reduced the deficit substantially. Trump has done nothing but skyrocket the deficit. Any pluses, and I contend there aren't many, are negligent.

So your idea of reducing the deficit substantially means adding 9.3 trillion to the debt and having 4 straight years of trillion dollar deficits, 2009-2010-2011-2012? You continue to show how poorly informed you are confusing deficit and debt while never accepting basic civics that Obama inherited a Democratic Congress that helped Bush create the recession and ignore the fact that Bush's TARP program is what brought us out of recession nothing Obama did as I have posted over and over again.

Apparently some people are totally incapable of admitting when wrong and never accepting actual verifiable data and reports which makes people like you truly a waste of time and effort. Keep letting the left make a fool out of you but hopefully one day that lightbulb is going to go off in that head of yours and you are going to ask yourself how could I have been so wrong and so foolish buying leftwing rhetoric.

You are a perfect example of what is wrong with far too many today, total ignorance of civics, economics accounting, history and lack of ability to do proper research.

 

[Media_Truth]

So your idea of reducing the deficit substantially means adding 9.3 trillion to the debt and having 4 straight years of trillion dollar deficits, 2009-2010-2011-2012? You continue to show how poorly informed you are confusing deficit and debt while never accepting basic civics that Obama inherited a Democratic Congress that helped Bush create the recession and ignore the fact that Bush's TARP program is what brought us out of recession nothing Obama did as I have posted over and over again.

Apparently some people are totally incapable of admitting when wrong and never accepting actual verifiable data and reports which makes people like you truly a waste of time and effort. Keep letting the left make a fool out of you but hopefully one day that lightbulb is going to go off in that head of yours and you are going to ask yourself how could I have been so wrong and so foolish buying leftwing rhetoric.

You are a perfect example of what is wrong with far too many today, total ignorance of civics, economics accounting, history and lack of ability to do proper research.

:lamo:lamo:lamo Bush was in so far over his head, that he didn't know if he was coming or going.

 

[Media_Truth]

Obama kept borrowing train-car loads of cash to keep his deficit down. His democrat team kept threatening to shut down the government if republicans did not stop resisting democrat efforts to bust open the debt ceiling. Obama wins the smoke and mirror show, while generations of future and present Americans are left holding the enormous debt repayment bill.

Unfortunately for you, ignoring the facts doesn't change reality.

 

[Media_Truth]

No it didnt. His final budget deficit was $666 billion. Why did that not upset you but Trumps do?

Yes, down from an inherited deficit of $1.4 trillion. And now Trump has it rising back up to $1 Trillion. I'll say it again, facts are facts. Don't downplay them.

 

[Media_Truth]

Bush doubled the debt. Obama doubled the debt. And nothing happened. Why should I worry if Trump doubles the debt?

That's known as exponential growth, and it's not a good thing. Would it be OK to do that with your household budget?

 

[mike2810]

Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.

Just looking at the military budget.
This year, 67.5% of House Democrats and 85% of Senate Democrats voted in favor. Win some in the house, lose some in the Senate. Overall, pretty big majorities.
https://www.forbes.com/sites/eriksh...t-for-massive-military-spending/#384159995101

You should not put blame on one party or another for deficit spending. It is both Houses of Congress and the Office of the President. Congress passes spending bills. The President either signs them or not. So tired of this partisan bs that goes on in America.

 

[Media_Truth]

Very true.

If Trump could work around Congress somehow, he'd probably be able to make some progress.

When the House goes Blue, he may be able to work productively with a partner there as Clinton and Gingrich worked together.

I'm sure that a partner like Pelosi will be nothing but helpful.

Sure, just like Boehner and the Tea Party fanatics worked with Obama???

 

[Media_Truth]

Just looking at the military budget.
This year, 67.5% of House Democrats and 85% of Senate Democrats voted in favor. Win some in the house, lose some in the Senate. Overall, pretty big majorities.
https://www.forbes.com/sites/eriksh...t-for-massive-military-spending/#384159995101

You should not put blame on one party or another for deficit spending. It is both Houses of Congress and the Office of the President. Congress passes spending bills. The President either signs them or not. So tired of this partisan bs that goes on in America.

Sure the REPUBLICANS voted for more military spending. The REPUBLICANS voted for tax cuts for billionaires. And the result, the REPUBLICANS are skyrocketing the deficit. It's not rocket science.

 

[mike2810]

Sure the REPUBLICANS voted for more military spending. The REPUBLICANS voted for tax cuts for billionaires. And the result, the REPUBLICANS are skyrocketing the deficit. It's not rocket science.

What part didn't you understand about the deficit spending and the national total debt? You are naïve if you believe one party is solely responsible.

"67.5% of House Democrats and 85% of Senate Democrats voted in favor" I realize the other side also voted in favor.

Take a look here:

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

 

[Media_Truth]

What part didn't you understand about the deficit spending and the national total debt? You are naïve if you believe one party is solely responsible.

"67.5% of House Democrats and 85% of Senate Democrats voted in favor" I realize the other side also voted in favor.

Take a look here:

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

Put the blame where the blame belongs...

https://www.cnbc.com/2018/09/13/us-house-panel-backs-bill-to-make-trump-tax-cuts-permanent.html

A Republican-led panel in the U.S. House of Representatives voted on Thursday to make permanent individual tax cuts from President Donald Trump's 2017 tax overhaul, a move widely seen as a partisan ploy to help Republican candidates in the Nov. 6 congressional elections.

Members of the tax-writing House Ways and Means Committee voted 21-15 along party lines to send the measure to the House floor for a full chamber vote expected by Oct 1.

https://www.nytimes.com/interactive/2017/12/19/us/politics/tax-bill-senate-live-vote.html

The Senate voted 51-48 on Wednesday to pass the Republicans’ tax overhaul bill in a party-line vote.

Majority needed to pass YES NO Not voting
Republicans 51 0 1
Democrats 0 48 0