Debt by Administration

[JimH52]

Governmental Deficit Spending

Up until the Obama administration, Republican administrations have produced far greater budget deficits that Democratic Administrations. Please not the conclusion:

Conclusion


A government budget deficit, along with such other fiscal tools as credit, can stimulate the economy, resulting in business activity and profitability. A deficit can help to create business and investor optimism along with more employment opportunities. But too much of a good thing can also fuel a rise of inflation. Deficit spending may also create a rise in unemployment, but lower the inflation rate. The object is to maintain a balance.

 

[rdean]

But I thought cutting taxes for rich people SAVED the economy. You mean it's another Republican lie? Well, at least they're consistent.

Wonder how they spin this?

 

[JimH52]

But I thought cutting taxes for rich people SAVED the economy. You mean it's another Republican lie? Well, at least they're consistent.

Wonder how they spin this?

Obviously, they have no spin...

 

[mudwhistle]

Governmental Deficit Spending

Up until the Obama administration, Republican administrations have produced far greater budget deficits that Democratic Administrations. Please not the conclusion:

Conclusion


A government budget deficit, along with such other fiscal tools as credit, can stimulate the economy, resulting in business activity and profitability. A deficit can help to create business and investor optimism along with more employment opportunities. But too much of a good thing can also fuel a rise of inflation. Deficit spending may also create a rise in unemployment, but lower the inflation rate. The object is to maintain a balance.

Yes......being broke is good.

Democrats love it when we're broke. They hate the rich....except when THEY ARE rich. Then it's okay...but those Wall Street jerks need to go down.....so they can get all of the po folks votes. the little folks they put in the poor house

 

[JimH52]

W bailed out Wall Street, if you remember. But when Obama tried to help the car companies and thus the blue collars, Republicans were yelling foul! Why was that exactly?

 

[hboats]

W bailed out Wall Street, if you remember. But when Obama tried to help the car companies and thus the blue collars, Republicans were yelling foul! Why was that exactly?

Obama tried to "help" the car companies? Is that what it's called when the government attempts to take control of a company now?

Last I checked when Bush "bailed out Wall Street" he didn't take majority control (or any kind of control for that matter) of ANY of the companies being "bailed out." Can you say the same of Obama's "bail out?"

Didn't think so.

Rick