More Incredible Data on Inflation this Morning !!!

[HikerGuy83]

You don't know the difference between debt and deficit.

Yes I do.

Trump started his presidency with a $500B/yr deficit, he then went on to pass out of control spending bills and Trump increased that to $1T/yr precovid, then $3+T/yr after covid.

Whether they were out of control or not is not your call to make. In Trumps year 3 he went to 900 Billion. He did not hit 1 Trillion.

We all know about the 3 Trillion. It's a fact.

Biden inherited that $3+T/yr deficit and lowered it down to $1.3T/yr in 2022.

The 3 Trillion from Trump was Trumps.

Biden did not inherit anything.

His first year in office it was 2.7 Trillion. That is Biden's.

In 2022, it was 1.3 Trillion. This was his second year above 1 Trillion. Trump only had one year above 1 Trillion.

In 2023, we are already at 1.5 Trillion and are on par for 2+ Trillion. This will be Bidens third year above 1 Trillion. And his second year above 2 Trillion.

Those are facts.

Biden inherited the massive $3T/yr Trump deficit, and lowered it to $1.3 T yr, a great accomplishment.

It will be over 2 Trillion this year. His third year in a row where he is above 1 Trillion. His second year above 2 Trillion.

Trump's massive deficit ( and therefor massive debt) caused this inflation, but now it has eased under Biden's leadership.

Biden's additon to the debt is 6.2 Trillion in 3 years.

Trumps addition to the debt was 4.7 Trillion in 4 years. He was 3 years below one trillion.

Who has a higher average deficit: Biden

Who has added more debt in a shorter period of time: Biden

Who will add 2 Trillion to the debt this year: Biden.

The deficit in 2008 was 450 Billion. Not 1 Trillion.

Bush had three successive years of deficit reduction until 2008 when it jumped to 450 Billion.

Obama's first four years in office had a deficit of over 1 Trillion.

 

[Toddsterpatriot]

because he inherited a $3T deficit from Trump, with massive spending obligations for right now. Biden lowered the annual deficit substantially, something republicans can not do at all.

You are so stupid you do not understand that a budget can not go from $3T down to 0 in 3 years. You just exposed your ignorance on the subject, so now go post more fake data telling us we had 3% gdp in 2019, 3% who knew !!

because he inherited a $3T deficit from Trump,

But he dropped it to $1.3 trillion by cutting spending.
You can't tell me any specifics, but it must have been awesome!

And now it's going to go up to $2 trillion, because Trump? LOL!

 

[The Duke]

Yep, our resident schill (The Banker) can't help herself.

She's programmed like some kind of droid to spout B.S. in the face of overwhelming evidence of Biden's incompetency.

Pretty sure it's a job for The Wanker.

 

[Dont Taz Me Bro]

Trump spending .. because of COVID

 

[The Banker]

Yes I do.


Whether they were out of control or not is not your call to make. In Trumps year 3 he went to 900 Billion. He did not hit 1 Trillion.

We all know about the 3 Trillion. It's a fact.



The 3 Trillion from Trump was Trumps.

Biden did not inherit anything.

His first year in office it was 2.7 Trillion. That is Biden's.

In 2022, it was 1.3 Trillion. This was his second year above 1 Trillion. Trump only had one year above 1 Trillion.

In 2023, we are already at 1.5 Trillion and are on par for 2+ Trillion. This will be Bidens third year above 1 Trillion. And his second year above 2 Trillion.

Those are facts.



It will be over 2 Trillion this year. His third year in a row where he is above 1 Trillion. His second year above 2 Trillion.



Biden's additon to the debt is 6.2 Trillion in 3 years.

Trumps addition to the debt was 4.7 Trillion in 4 years. He was 3 years below one trillion.

Who has a higher average deficit: Biden

Who has added more debt in a shorter period of time: Biden

Who will add 2 Trillion to the debt this year: Biden.

The deficit in 2008 was 450 Billion. Not 1 Trillion.

Bush had three successive years of deficit reduction until 2008 when it jumped to 450 Billion.

Obama's first four years in office had a deficit of over 1 Trillion.

You don't even seem to understand that a president can not lower a $3+T deficit in 3 years. You do not even remotely seem to understand that at all.
You also do not seem to understand that Tru,mp had so many spending bills that he gave us massive spending obligations out many years into the future, that give us additional debt on top of this debt already.

You do not even remotely understand that a deficit does not start at zero each year, it starts at the level based ont he previous year. If you are running a massive $3+T deficit then you are going to have a massive deficit the next year, because spending carries over. Trump gave us multi-year spending bills.

Trump owns the debt because he caused it.

The budget was balance at the start of the century, Bush blew that up to $1T/yr, then Trump blew it up to $3T/yr.

 

[The Banker]

View attachment 836320

Do you see the pattern where Bush and Trump increased the deficit every year, blowing it up.
BUT, Clinton, Obama, and Biden all lower the dficit every year.

The republicans are most responsible for our massive debt and deficit because they constantly increase them every year.

 

[HikerGuy83]

You don't even seem to understand that a president can not lower a $3+T deficit in 3 years. You do not even remotely seem to understand that at all.

You have no basis for that claim. It's just your need to defend Biden. Just because it has not been done does not mean it can't be done. And lower it to what ? He hardly lowered it all his first year. His second year it dropped (still massively high and above Trumps overall average). But now it's going back up by 50%. He's not lowering it this year. Sorry chump. You do not reign supreme when it comes to what can and can't be done.

You also do not seem to understand that Tru,mp had so many spending bills that he gave us massive spending obligations out many years into the future, that give us additional debt on top of this debt already.

That's really never going to be an excuse for you. If Biden is in office, he owns it. Cry all you want. Biden is a loser who has increased debt more in 3 years than Trump did in 4 years by about 1.5 Trillion dollars. Boggles the mind that you somehow think Biden is doing a good job.

Inflation has already ravaged the economy but you're crowing about the short term rate as some kind of victory. Sorry, Bozo, the forrest is already torched and burning. And you show up with 5 gallon pale of water. Big whoop.

You do not even remotely understand that a deficit does not start at zero each year, it starts at the level based ont he previous year.

It's so funny that phrase "you do not understand..." is the lead in a lot of your posts. It's projection in it's purest form.

Deficit is calculated year to year.

Fiscal Data Explains the National Deficit

Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit

fiscaldata.treasury.gov

A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period. In FY 2022, the federal government spent $6.27 trillion and collected $4.90 trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $1.38 trillion in 2022, is referred to as deficit spending.

1.4 trillion is the number you will see for the 2022 deficit on charts and graphs.

Basic math buckwheat.

So, but their defintion, the inputs for the calculations are for the year of the calcuation. In effect saying that 2022 has nothing to do with 2021.

If you are running a massive $3+T deficit then you are going to have a massive deficit the next year, because spending carries over. Trump gave us multi-year spending bills.

Uh, no you are not. Your won't screaming calls you a liar. The deficit halved from 2021 (2.7 T) to 2022 (1.4T). Which refutes your claim

You don't get to blame the previous administration as you are wont to do. Bush handed Obama 0.5 Trillion his last year.....Obama's first four years showed deficits of over (well over) 1 Trillion dollars.

And you can spare me the excuses. This is your approach, so you can suck on it. If you want to include things like the crash, then you can eat shit when it comes to the COVID deficit of 2020. Nobody goes up by a factor of 3 without something huge changing. So for now, Biden owns it. And so do you. By your own methodology, you are lying.

The budget was balance at the start of the century, Bush blew that up to $1T/yr, then Trump blew it up to $3T/yr.

Bush didn't blow anything up. Bush was a moron, but we can all read the numbers. The deficit went up after 9/11 but started going down. He peaked in 2004 at around 400 Billion and was down to 160 Billion by 2007. His last year was 455 billion. So your lies about 1T are just that. Lies.

You are a lying liar who can't stand that Biden is an incompetent fool taking this country to bankruptcy. Who needs to be replaced so that we don't fall off the cliff.

Trumps 3 triillion is documented. It happened. It was still less than his previous 3 years combined.

Biden will be at 2 Triillion this year and has nothing to blame it on.

 

[HikerGuy83]

To everyone else, I've made a mistake in my reporting.

Trumps total was not 4.7 Trillion as I originally reported.

His total was 5.7 Trillion. In four years.

Biden will finish out 2023 at a total of 6.2 Trillion plus having increased the deficit from 2022 to 2023 by 50%. That took 3 years.

 

[iamwhatiseem]

Inflation??
That is easy... remember there are only two of us.
We didn't need any meat this weekend, bought no laundry detergent etc.
Mostly produce, bread, apples, bananas ... did splurge on a couple pints of ice cream.... $87!!!!!!!!!!!

 

[The Banker]

You have no basis for that claim. It's just your need to defend Biden. Just because it has not been done does not mean it can't be done. And lower it to what ? He hardly lowered it all his first year. His second year it dropped (still massively high and above Trumps overall average). But now it's going back up by 50%. He's not lowering it this year. Sorry chump. You do not reign supreme when it comes to what can and can't be done.



That's really never going to be an excuse for you. If Biden is in office, he owns it. Cry all you want. Biden is a loser who has increased debt more in 3 years than Trump did in 4 years by about 1.5 Trillion dollars. Boggles the mind that you somehow think Biden is doing a good job.

Inflation has already ravaged the economy but you're crowing about the short term rate as some kind of victory. Sorry, Bozo, the forrest is already torched and burning. And you show up with 5 gallon pale of water. Big whoop.



It's so funny that phrase "you do not understand..." is the lead in a lot of your posts. It's projection in it's purest form.

Deficit is calculated year to year.

Fiscal Data Explains the National Deficit

Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit

fiscaldata.treasury.gov

A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period. In FY 2022, the federal government spent $6.27 trillion and collected $4.90 trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $1.38 trillion in 2022, is referred to as deficit spending.

1.4 trillion is the number you will see for the 2022 deficit on charts and graphs.

Basic math buckwheat.

So, but their defintion, the inputs for the calculations are for the year of the calcuation. In effect saying that 2022 has nothing to do with 2021.


Uh, no you are not. Your won't screaming calls you a liar. The deficit halved from 2021 (2.7 T) to 2022 (1.4T). Which refutes your claim

You don't get to blame the previous administration as you are wont to do. Bush handed Obama 0.5 Trillion his last year.....Obama's first four years showed deficits of over (well over) 1 Trillion dollars.

And you can spare me the excuses. This is your approach, so you can suck on it. If you want to include things like the crash, then you can eat shit when it comes to the COVID deficit of 2020. Nobody goes up by a factor of 3 without something huge changing. So for now, Biden owns it. And so do you. By your own methodology, you are lying.



Bush didn't blow anything up. Bush was a moron, but we can all read the numbers. The deficit went up after 9/11 but started going down. He peaked in 2004 at around 400 Billion and was down to 160 Billion by 2007. His last year was 455 billion. So your lies about 1T are just that. Lies.

You are a lying liar who can't stand that Biden is an incompetent fool taking this country to bankruptcy. Who needs to be replaced so that we don't fall off the cliff.

Trumps 3 triillion is documented. It happened. It was still less than his previous 3 years combined.

Biden will be at 2 Triillion this year and has nothing to blame it on.

Wow what a triggered rant of bull shit that went on and on and on.

You are desperate to make excuses for Bush and Trump's total failure. Republicans cause all the problems, they fuck everything up and pass massive out of control spending bills, then they complain when democrats don't fix the problems fas enough.

We started the Bush presidency with a balanced budget and we finished with trillion dollar deficits, the economy in total ruin, 2 failed and mis-managed wars, and the balanced budget destroyed by republican failure. what a disgrace.

Trump was just as bad. Obama lowered the massive Bush deficit down to $500B and then trump blew it up before covid hit, exploding the deficit pre-covid, then ballooning to $3+T post covid signing every bill and begging congress for even more fake money handouts.

The trends on deficit are obvious, Bush and Trump increased it massively, and Obama and Biden lowered it massively

 

[HikerGuy83]

Wow what a triggered rant of bull shit that went on and on and on.

That is your post, not mine.

You are desperate to make excuses for Bush and Trump's total failure.

Lying again. I made no excuses for either of them. Unlike you I don't have my head up the presidents ass.

Republicans cause all the problems, they fuck everything up and pass massive out of control spending bills, then they complain when democrats don't fix the problems fas enough.

This little rant after your turd about making excuses. You are beyond hope, loser. Biden and Obama own 6 of 7 years where the deficits were in excess of 1 Trillion dollars. That (as you are so prone to say) is a fact. And your chart, just like the ones I posted, shows it.

We started the Bush presidency with a balanced budget and we finished with trillion dollar deficits, the economy in total ruin, 2 failed and mis-managed wars, and the balanced budget destroyed by republican failure. what a disgrace.

All blatherings. The numbers tell the story chump. Stick with those. Your little fairy tales (in this case the fairy is you) don't mean squat. Bush had 3 years of declining deficits....he was at 160 Billion in 2007. Obama takes that up by a factor of 10 two years later (and keeps it there).

Obama lowered the massive Bush deficit down to $500B

Bush's last deficit was 455 Billion. How could Obama lower that to 500 Billion

Obama finally lowered his own massive deficits after four years to 500 Billion. For those five years, he was well in excess of 1 Trillion dollars.

The trends on deficit are obvious, Bush and Trump increased it massively, and Obama and Biden lowered it massively

You are so fucking stupid, I am starting worry about you. Bush was on a 3 year decline when his last year jumped. That is your trend dumbass. It was going down. Obama blew his to kingdom come and finally lowers it to 500 Billion. His best is still higher than Bush's worst. Those are the numbers SFB's. What don't you get about that.

And stop with the excuses and the commentary. Stick to the numbers. You say you post facts....stick with those.

Biden is riding his third year to 1+Trillion. His numbers at the end of 2023 will be over 2 trillion and will be a 50% increase.

So YOU cut the bullshit and stick with the numbers.

 

[The Banker]

That is your post, not mine.

Lying again. I made no excuses for either of them. Unlike you I don't have my head up the presidents ass.



This little rant after your turd about making excuses. You are beyond hope, loser. Biden and Obama own 6 of 7 years where the deficits were in excess of 1 Trillion dollars. That (as you are so prone to say) is a fact. And your chart, just like the ones I posted, shows it.



All blatherings. The numbers tell the story chump. Stick with those. Your little fairy tales (in this case the fairy is you) don't mean squat. Bush had 3 years of declining deficits....he was at 160 Billion in 2007. Obama takes that up by a factor of 10 two years later (and keeps it there).



Bush's last deficit was 455 Billion. How could Obama lower that to 500 Billion

Obama finally lowered his own massive deficits after four years to 500 Billion. For those five years, he was well in excess of 1 Trillion dollars.



You are so fucking stupid, I am starting worry about you. Bush was on a 3 year decline when his last year jumped. That is your trend dumbass. It was going down. Obama blew his to kingdom come and finally lowers it to 500 Billion. His best is still higher than Bush's worst. Those are the numbers SFB's. What don't you get about that.

And stop with the excuses and the commentary. Stick to the numbers. You say you post facts....stick with those.

Biden is riding his third year to 1+Trillion. His numbers at the end of 2023 will be over 2 trillion and will be a 50% increase.

So YOU cut the bullshit and stick with the numbers.

The numbers prove republicans ramp up the deficit almost every year and Bush took a balanced budget and gave Obama a $1+T/yr deficit. Good thing Obama lowered that down to $5-600B, and Trump pulled abush and blew that up to $3T

Bush and Trump increased the deficit massively from the beggining of their failed presidencies.
Obama and Biden both lowered the deficit massively compared to the start of their presidencies.

Bush and Trump caused this debt, their massive deficits caused it.

 

[HikerGuy83]

The numbers prove republicans ramp up the deficit almost every year and Bush took a balanced budget and gave Obama a $1+T/yr deficit. Good thing Obama lowered that down to $5-600B, and Trump pulled abush and blew that up to $3T

Bush and Trump increased the deficit massively from the beggining of their failed presidencies.
Obama and Biden both lowered the deficit massively compared to the start of their presidencies.

Bush and Trump caused this debt, their massive deficits caused it.

So now you just ignore the numbers and say what you want in defense of that worthless POS in the WH who cares nothing for America.

Bush's last year 455 Billion. Yep....that's the number

Obama's first year 1.4 Trillion. Ouch. Sucks to be Obama. But then he's 1.3/1.3/1.1 Trillion. Four years in and he can't get it below 1 Trillion. Bush is long gone. And the recession is one of the worst we've had.....in part because Obama sucked. Then it lowers to close to what Bush's worst was (those are the numbers asswipe).

Then you really lie.

Bush first year 130 Billion surplus
Trumps first year 700 Billion Deficit
Obam's first year 1.4 TRILLION Deficit
Biden's first year 2.7 TRILLION Deficit

What deficits were you referencing again ?

Bush + Trump first year = 600 Billion deficit
Obama + Biden first year = 4.1 Trillion (7 times Bush/Trump)

Stop lying and stick with the facts.

 

[HikerGuy83]

Do you see the pattern where Bush and Trump increased the deficit every year, blowing it up.

You are such a fucking liar.

Bush had 3 years of decreases getting it down to 160 Billion in 2007. Those are the facts.

Trump's first three years are 700/800/900 Billion. He took over from a previous deficit of 500 Billion. So his increases were 200/100/100 Billion. That's a total increase in the deficit of 400 Billion.

Biden starts with 2.7 trillion and lowers it to 1.3...not it's back up to 2 trillion.....wow.....a 700 Billion jump.
But but but his first year was 2.7 trillion. Hard not to lower it from there (my dead grandmother could have done better than Biden).

Numbers don't lie.

 

[HikerGuy83]

About the 5th time I have to straighten out this asshole (The Banker) out on the "facts" he is so quick to talk about and quicker to ignore.

I'm done.

 

[Freedomisneverfree]

I heard they were RAISING the interest rate here shortly....

 

[HikerGuy83]

I heard they were RAISING the interest rate here shortly....

They hinted it was on the table. That is why the market tanked and has been dropping. Inflation is lower (but still high).

The problem is that the damage is done. Prices are already high and people are struggling.

 

[The Banker]

So now you just ignore the numbers and say what you want in defense of that worthless POS in the WH who cares nothing for America.

Bush's last year 455 Billion. Yep....that's the number

Obama's first year 1.4 Trillion. Ouch. Sucks to be Obama. But then he's 1.3/1.3/1.1 Trillion. Four years in and he can't get it below 1 Trillion. Bush is long gone. And the recession is one of the worst we've had.....in part because Obama sucked. Then it lowers to close to what Bush's worst was (those are the numbers asswipe).

Then you really lie.

Bush first year 130 Billion surplus
Trumps first year 700 Billion Deficit
Obam's first year 1.4 TRILLION Deficit
Biden's first year 2.7 TRILLION Deficit

What deficits were you referencing again ?

Bush + Trump first year = 600 Billion deficit
Obama + Biden first year = 4.1 Trillion (7 times Bush/Trump)

Stop lying and stick with the facts.

The deficit Obama inherited in 2009 was from Bush and the bush crash where he blew up the economy with his failed leadership and had a massive massive drop in tax revenue. Duhh
And again, Biden inherited the massive Trump deficit, Biden inherited that from Trump.

You are cherry picking the data to fit your tears. The trend is as clear as day, Bush and Trump both blew up the deficit increasing it just about every year of their presidencies. Biden and Obama both lowered the deficit, lowering it almost every year of their presidencies.


This says it all
Bush inherited a balanced budget, when he left office the deficit was $1.4T in 2009
Trump inherited a $600B deficit, and when he left office it was at $3+T, and he increased every year before covid.

Obama started his presidency with the $1.4T deficit he inherited form Bush, and it was lowered down to the $600B
Biden started his presidency with the $3+T/yr deficit he inherited from Trump, and he has lowered it down to $1.3T

You don't like the facts that the republicans have caused much more debt and deficit, and have also inc the deficit massively whereas the dems have lowered the deficits massively.


Republicans can not lower deficits, they never have and never will.

 

[Toddsterpatriot]

Republicans can not lower deficits, they never have and never will.

Link?

 

[HikerGuy83]

The deficit Obama inherited in 2009 was from Bush and the bush crash where he blew up the economy with his failed leadership and had a massive massive drop in tax revenue. Duhh
And again, Biden inherited the massive Trump deficit, Biden inherited that from Trump.

You are cherry picking the data to fit your tears. The trend is as clear as day, Bush and Trump both blew up the deficit increasing it just about every year of their presidencies. Biden and Obama both lowered the deficit, lowering it almost every year of their presidencies.


This says it all
Bush inherited a balanced budget, when he left office the deficit was $1.4T in 2009
Trump inherited a $600B deficit, and when he left office it was at $3+T, and he increased every year before covid.

Obama started his presidency with the $1.4T deficit he inherited form Bush, and it was lowered down to the $600B
Biden started his presidency with the $3+T/yr deficit he inherited from Trump, and he has lowered it down to $1.3T

You don't like the facts that the republicans have caused much more debt and deficit, and have also inc the deficit massively whereas the dems have lowered the deficits massively.


Republicans can not lower deficits, they never have and never will.

What says it all are the numbers. Your interpretation of them is useless bullshit.

What's more funny is that you say you only quote facts and yet you ignore them. I am not repeating the same shit for the 6th time to you.

You are a liar.

You whine about people making excuses.

But you try to twist the numbers to fit the one (excuses) you seem bend on worshipping.