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Obama remains only President to record trillion-dollar deficits!

Bullseye

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"Relative to the size of the economy, the deficit—at an estimated 4.7 percent of gross domestic product (GDP)—was the highest since 2012, and 2019 was the fourth consecutive year in which the deficit increased as a percentage of GDP."
https://www.cbo.gov/system/files/2019-10/55699-CBO-MBR.pdf

I mean, that doesn't exactly seem like something to brag about, especially since the economy is fairly strong at the moment.
 
Democrats nation-wide on suicide watch! After two years of ranting about Trump's tax cuts causing a trillion dollar deficit, CBO says it didn't happen. It also says tax revenues went up 4% and corporate tax revenues went up 12%.


Extra credit: a little background on tax revenues for the past few fiscal years.

If you have friends who are Democrats (yeah, it COULD happen) please keep an eye on them. :lamo

You forgot to mention obama was handed by a republican president a crashing economy and turned it around. Trump is only adding to the deficit in a good economy.
 
"Relative to the size of the economy, the deficit—at an estimated 4.7 percent of gross domestic product (GDP)—was the highest since 2012, and 2019 was the fourth consecutive year in which the deficit increased as a percentage of GDP."
https://www.cbo.gov/system/files/2019-10/55699-CBO-MBR.pdf

I mean, that doesn't exactly seem like something to brag about, especially since the economy is fairly strong at the moment.
LOL, sure, take whatever consolation you can find. It's ok.
 
I urge everyone to read the "Outlays" section of the CBO report
 
You forgot to mention obama was handed by a republican president a crashing economy and turned it around. Trump is only adding to the deficit in a good economy.
It turned around on its own a few months after he took office; his "contributions" were minimal. And he turned over an anemic economy, at best. Read the second link in the OP about Obama's last few years of budget performance.
 
Democrats nation-wide on suicide watch! After two years of ranting about Trump's tax cuts causing a trillion dollar deficit, CBO says it didn't happen. It also says tax revenues went up 4% and corporate tax revenues went up 12%.


Extra credit: a little background on tax revenues for the past few fiscal years.

If you have friends who are Democrats (yeah, it COULD happen) please keep an eye on them. :lamo

Suicide watch? For crying out loud, could you be more blatantly desperate? Nobody, and I mean no body gives a flying **** about this crap. You guys are getting so pathetic in your deflection I can smell your fear from here.
Seriously? Obama's deficit? You need to try a LOT harder than that. Suicide watch fer****sakes. What a stupid post.
 
It turned around on its own a few months after he took office; his "contributions" were minimal. And he turned over an anemic economy, at best. Read the second link in the OP about Obama's last few years of budget performance.

LOL@such delicious economic illiteracy and historical revisionsim. "On it's own"?

Oh, man, thanks for the chuckle.
 
Democrats nation-wide on suicide watch! After two years of ranting about Trump's tax cuts causing a trillion dollar deficit, CBO says it didn't happen. It also says tax revenues went up 4% and corporate tax revenues went up 12%.


Extra credit: a little background on tax revenues for the past few fiscal years.

If you have friends who are Democrats (yeah, it COULD happen) please keep an eye on them. :lamo

Obama's deficits were carried during a severe recession. What's Trump's excuse?
 
You forgot to mention obama was handed by a republican president a crashing economy and turned it around. Trump is only adding to the deficit in a good economy.

they don't like that particular fact, so they build themselves a fake reality pearl around it. it's brown pearl that smells quite a bit like ****.
 
LOL, sure, take whatever consolation you can find. It's ok.
Umm, that's what YOU are doing. The deficit is growing drastically during a time of economic prosperity and your ONLY consolation is that it did not grow as much as the CBO originally predicted.

You could not be more transparent if you tried.
 
Obama's deficits were carried during a severe recession. What's Trump's excuse?

The Democratic House of Representatives passed his budget.....
 
The Democratic House of Representatives passed his budget.....
The FY2019 budget began in October 2018, before the 2018 elections.

Not that Trump has ever seemed too concerned with facts, but an honest person would have to find another excuse.
 
The Democratic House of Representatives passed his budget.....

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Nobody passes a president's budget.
 
You forgot to mention obama was handed by a republican president a crashing economy and turned it around. Trump is only adding to the deficit in a good economy.

Economies go up and down. If GWB had been in office 4-8 more years the very same thing would have happened as under Obama.
 
The FY2019 budget began in October 2018, before the 2018 elections.

Not that Trump has ever seemed too concerned with facts, but an honest person would have to find another excuse.

The trillion dollar deficit budget is for FY 2020 passed in 2019 by the Democratic House of Purse Strings. An honest person would discuss what is being discussed. In case you didn't know it FY2020 began 9 days ago.
 
Ummmmmmmm, technically the US was in recession under Obama.

Ummm, technically caused by bush/cheney. Take a look at a dow stock chart for bush's last two years and then tell me it was all obama's fault the economy was crap when he took over.
 
The trillion dollar deficit budget is for FY 2020 passed in 2019 by the Democratic House of Purse Strings.
We aren't talking about FY2020, we're talking about FY2019. It's right there in the OP. I mean, it's the first sentence of the article.

Article said:
The federal budget deficit was $984 billion in fiscal year 2019, the Congressional Budget Office estimates.


Did you even pay attention to the thread before you posted this?

An honest person would discuss what is being discussed.
Yes, an honest person would discuss what is being discussed.

So why are you not?
 
Democrats nation-wide on suicide watch! After two years of ranting about Trump's tax cuts causing a trillion dollar deficit, CBO says it didn't happen. It also says tax revenues went up 4% and corporate tax revenues went up 12%.


Extra credit: a little background on tax revenues for the past few fiscal years.

If you have friends who are Democrats (yeah, it COULD happen) please keep an eye on them. :lamo

If you think the deficit is good...you should see the national debt...


U.S. National Debt Hits Record $22 Trillion : NPR


Five or ten years ago, Conservatives would've been jumping off bridges and out of high rise windows over a debt like that.
 
Trump is a fiscal conservative.

He's done a wonderful job with giving himself a massive tax cut.
 
Economies go up and down. If GWB had been in office 4-8 more years the very same thing would have happened as under Obama.

Tell that to Japan and their "lost decade." The Great Deficit started in 1929. We didn't recover until after WWII--1945.

You know what helped us recover from the Great Deficit? Massive government stimulus.

If Obama had done what Republicans wanted him to do--austerity--we would have double dipped.

Regardless, your claim that economies always bounce back is nonsense. Moreover, when Obama left we were down to 4.7% unemployment wich is 1% off record lows. We also had the longest streak of job growth in history at the time. Was that destined to happen too?

The reality is Obama is a moderate. He supported saving the banks and supported helping the auto industry. The stimulus worked.
 
Suicide watch? For crying out loud, could you be more blatantly desperate? Nobody, and I mean no body gives a flying **** about this crap. You guys are getting so pathetic in your deflection I can smell your fear from here.
Seriously? Obama's deficit? You need to try a LOT harder than that. Suicide watch fer****sakes. What a stupid post.
You throw up a wniny, sniffling tantrum like a three-year old with a full diaper to accuse ME of being desperate? Jeez, are you making a pouty face and stomping your widdle foot? :roll:
 
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