Fiscally Irresponsible Republicans

calamity · Mar 16, 2017

Why oh why do we keep electing these morons into office? Did we not learn our lesson when Bush the Dumber drove us into a ditch?

Trump's reckless spending and tax cuts (Opinion) - CNN.com

President Trump's budget outline combines a surge in military spending with massive tax cuts, purportedly in the name of stimulating our stagnant economy. This strategy follows closely the fiscal agenda of Ronald Reagan -- modern history's most fiscally irresponsible President.

Over the past 50 years, the United States has twice endured stretches of four consecutive years where federal government deficits averaged more than 5% of GDP -- the total of goods and services produced in the country. One was in 2009-2012, at the beginning of the Obama administration, the result of an economic and financial crisis not seen since the Great Depression...

The other was in 1983-1986, in the midst of Ronald Reagan's presidency. Neither foreign wars nor economic crises required these earlier deficits. Instead, they were self-inflicted wounds to the fiscal health of the United States, the results of conscious policy choices to grow the military while slashing taxes.

And, now the Dumbass in Chief plans to double down on the stupidity of the last two Republican idiots. Smh

ttwtt78640 · Mar 16, 2017

calamity said:
Why oh why do we keep electing these morons into office? Did we not learn our lesson when Bush the Dumber drove us into a ditch?

Trump's reckless spending and tax cuts (Opinion) - CNN.com

And, now the Dumbass in Chief plans to double down on the stupidity of the last two Republican idiots. Smh

And the last demorat idiot - but that seems to ruin your partisan rant. The problem is not a matter of party but the propensity to buy votes now and only to pay for them (when things get all better?) later.

calamity · Mar 16, 2017

ttwtt78640 said:
And the last demorat idiot - but that seems to ruin your partisan rant. The problem is not a matter of party but the propensity to buy votes now and only to pay for them (when things get all better?) later.

Both of the previous two D presidents reduced the deficit. So, if anything, they were far more fiscally responsible than the R presidents who increased it.

ttwtt78640 · Mar 16, 2017

calamity said:
Both of the previous two D presidents reduced the deficit. So, if anything, they were far more fiscally responsible than the R presidents who increased it.

I did not mention the other demorat presidents nor did you in the OP. Obama's deficits were larger (based on % of GDP) than all but Bush 43's last year (or Obama's first year if you count who was POTUS when spending was added rather than who signed the initial FY budget).

Harshaw · Mar 16, 2017

ttwtt78640 said:
I did not mention the other demorat presidents nor did you in the OP. Obama's deficits were larger (based on % of GDP) than all but Bush 43's last year (or Obama's first year if you count who was POTUS when spending was added rather than who signed the initial FY budget).

They were not only larger as a percentage of GDP -- which is a cheap, dishonest means of comparison -- they were considerably larger in actual dollar amounts, and as percentages of outlays.

Eric7216 · Mar 16, 2017

calamity said:
Both of the previous two D presidents reduced the deficit. So, if anything, they were far more fiscally responsible than the R presidents who increased it.

Have you considered that Congress is the branch responsible for the budget (which is simply signed by the President-whose budget proposal is largely ignored)? Republicans controlled the Congress during those dropping down years from FY1995 to FY2007. That big jump in FY2008 and FY2009 is when the Democrats controlled congress. The same thing happened post FY2011 when Republicans gained control.
Have you considered that GWB had to end 2 recessions-one with his first budget and one with his last one? Hard to blame either entirely or even mainly on the President at the time (Clinton or Bush)

calamity · Mar 16, 2017

Eric7216 said:
Have you considered that Congress is the branch responsible for the budget (which is simply signed by the President-whose budget proposal is largely ignored)? Republicans controlled the Congress during those dropping down years from FY1995 to FY2007. That big jump in FY2008 and FY2009 is when the Democrats controlled congress. The same thing happened post FY2011 when Republicans gained control.
Have you considered that GWB had to end 2 recessions-one with his first budget and one with his last one? Hard to blame either entirely or even mainly on the President at the time (Clinton or Bush)

:lamo

joG · Mar 16, 2017

calamity said:
Why oh why do we keep electing these morons into office? Did we not learn our lesson when Bush the Dumber drove us into a ditch?

Trump's reckless spending and tax cuts (Opinion) - CNN.com

And, now the Dumbass in Chief plans to double down on the stupidity of the last two Republican idiots. Smh

Had you criticized a Dumbass Author of the article you Icould agree. Of course, I stopped reading after the horribly slanted description of the circumstances of Reagan deficit. And even Obama cannot be faulted for the deficits of his beginning years. He should have done much better later on, certainly. But the Reagan acrimony takes the cookie.

joG · Mar 16, 2017

calamity said:
Both of the previous two D presidents reduced the deficit. So, if anything, they were far more fiscally responsible than the R presidents who increased it.

The main fiscal problem to this very day is nicely visible in your chart. After the major expenditures that won the Cold War Bush started to restructure for a peace economy. Sorrily Clinton did not accelerate this effort as the economy and dot.com bubbled but continued to increase the debt.now, in the third wave of the bubble.....

Exquisitor · Mar 16, 2017

joG said:
The main fiscal problem to this very day is nicely visible in your chart. After the major expenditures that won the Cold War Bush started to restructure for a peace economy. Sorrily Clinton did not accelerate this effort as the economy and dot.com bubbled but continued to increase the debt.now, in the third wave of the bubble.....

Sorry, Clinton had us in a boom that was not just dot com and Bush lost it because he cut revenue.

When you give rich windfall, some buy luxury items, some put it toward putting their neighbor out of business, a few hire more people, but if there is work or business you would hire them anyway, this all goes on overhead, CEOs don't use their paychecks to hire and how does holding a stock make me a job creator?

Finally most of the rich are going to put that money where it is going to give the greatest return which means with the money you gave them they are going to demand and extract more money from the economy.

joG · Mar 17, 2017

Exquisitor said:
Sorry, Clinton had us in a boom that was not just dot com and Bush lost it because he cut revenue.

When you give rich windfall, some buy luxury items, some put it toward putting their neighbor out of business, a few hire more people, but if there is work or business you would hire them anyway, this all goes on overhead, CEOs don't use their paychecks to hire and how does holding a stock make me a job creator?

Finally most of the rich are going to put that money where it is going to give the greatest return which means with the money you gave them they are going to demand and extract more money from the economy.

That is, what an non-professional might like to believe.

justabubba · Mar 17, 2017

calamity said:
Why oh why do we keep electing these morons into office? Did we not learn our lesson when Bush the Dumber drove us into a ditch?

Trump's reckless spending and tax cuts (Opinion) - CNN.com

And, now the Dumbass in Chief plans to double down on the stupidity of the last two Republican idiots. Smh

had he not been thwarted by the establishment DNC, we would now be discussing Bernie's proposed budget

the DNC offered our nation a loser candidate and the nation elected the other alternative

Media_Truth · Mar 17, 2017

Eric7216 said:
Have you considered that GWB had to end 2 recessions-one with his first budget and one with his last one? Hard to blame either entirely or even mainly on the President at the time (Clinton or Bush)

GW Bush passed his 2nd Recession, the worst in modern history, onto Obama. By the end of his presidency, he only had a 65% Approval Rate from his own Party! To put this in perspective, Trump currently has a 79% approval rating from his own Party.

Tanngrisnir · Mar 17, 2017

joG said:
Had you criticized a Dumbass Author of the article you Icould agree. Of course, I stopped reading after the horribly slanted description of the circumstances of Reagan deficit. And even Obama cannot be faulted for the deficits of his beginning years. He should have done much better later on, certainly. But the Reagan acrimony takes the cookie.

So stating facts about Reagan is 'slanted'?

What an interesting take on things.

MaggieD · Mar 17, 2017

calamity said:
Both of the previous two D presidents reduced the deficit. So, if anything, they were far more fiscally responsible than the R presidents who increased it.

I've never understood why any President in either party gets any credit for continuing to deficit spend. They all do it. Some worse than others. But there shouldnt be ANY bragging rights.

calamity · Mar 17, 2017

MaggieD said:
I've never understood why any President in either party gets any credit for continuing to deficit spend. They all do it. Some worse than others. But there shouldnt be ANY bragging rights.

lol...yeah, considering the Republican presidents totally out-deficit-spend the Democratic ones, I can definitely understand exactly why you would use that argument. :lol:

RickJames3000 · Mar 17, 2017

MaggieD said:
I've never understood why any President in either party gets any credit for continuing to deficit spend. They all do it. Some worse than others. But there shouldnt be ANY bragging rights.

It's mostly because the GOP consistently makes a show of caring about "deficits" in order to generate political capital, but always fail to do anything about them, other than happily perpetuate deficit spending whenever they get onto office.

joG · Mar 17, 2017

Tanngrisnir said:
So stating facts about Reagan is 'slanted'?

What an interesting take on things.

Factsare fine, when all the relevant facts concerning the matter are presented. When not, it is either ignorance or deceit. In the above case they were not correctly presented.

joG · Mar 17, 2017

MaggieD said:
I've never understood why any President in either party gets any credit for continuing to deficit spend. They all do it. Some worse than others. But there shouldnt be ANY bragging rights.

It is less his deficit that catches the voters's fancy. It is the stuff it buys that most people feel are freebies, not associating the taxes, inefficiencies and reduced welfare that this causes.

joG · Mar 17, 2017

calamity said:
lol...yeah, considering the Republican presidents totally out-deficit-spend the Democratic ones, I can definitely understand exactly why you would use that argument. :lol:

Actually, it usually depends on the results of the preceding period that need cleaning up. Its the lag, you see.

calamity · Mar 17, 2017

joG said:
Actually, it usually depends on the results of the preceding period that need cleaning up. Its the lag, you see.

I certainly recall many saying Clinton was surfing on the wave of Reagan's accomplishments. Now, we'll hear much the same re: Trump and Obama.

joG · Mar 17, 2017

calamity said:
I certainly recall many saying Clinton was surfing on the wave of Reagan's accomplishments. Now, we'll hear much the same re: Trump and Obama.

Yep. The end of the Cold War was a windfall. But Clinton was a real, live example of "A fool and his money...". Of course, by the time his house of cards went down, the fool was pursuing new fortunes.

calamity · Mar 17, 2017

joG said:
Yep. The end of the Cold War was a windfall. But Clinton was a real, live example of "A fool and his money...". Of course, by the time his house of cards went down, the fool was pursuing new fortunes.

Clever bugger, that one. But, I totally get why many had no inclination to put his wife and him back in the WH. Hell, I hate Trump with a passion, but even I could not vote for that rerun.

Eric7216 · Mar 17, 2017

Media_Truth said:
GW Bush passed his 2nd Recession, the worst in modern history, onto Obama. By the end of his presidency, he only had a 65% Approval Rate from his own Party! To put this in perspective, Trump currently has a 79% approval rating from his own Party.

The recession ended on June 30, 2009. I hesitate to give much credit or blame to any President as there are numerous factors out of Presidential control. However, the person posting that chart made it clear that, to him, the outgoing President still was responsible for the last budget (fiscal year Oct 1-Sept 30) despite leaving office in Jan 20. So if the outgoing President is responsible for any budget deficits, and the recession ended in that fiscal year, perhaps the outgoing President should get some credit mixed in with the blame on the last budget.
Just seems fair. Either put some of the FY2009 budget deficit on Obama (he signed it in March, 2009) or give Bush some credit/blame for the budget that ended the recession.

And it is a little hyperbolic to call the 2007-2009 recession as the worst in modern history. That recession had a 5.1% drop in GDP versus the 18.2% drop in the 1937-1938 recession and the 12.7% drop in the 1945 recession. And the peak unemployment was only 10%, lower than the 10.8% in the 1980s recession or the 19.0% in the 1937-1938 recession.

joG · Mar 17, 2017

calamity said:
Clever bugger, that one. But, I totally get why many had no inclination to put his wife and him back in the WH. Hell, I hate Trump with a passion, but even I could not vote for that rerun.

Yep. She and hubby were hard to take.

Fiscally Irresponsible Republicans

calamity

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ttwtt78640

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ttwtt78640

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Harshaw

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