Ok, Let's Set the Record Straight About the Debt and the Deficit Under President Trump

[depotoo]

You stated it was peaceful times. It wasn’t.
Actually, the US embassy bombings killed 224, 4000 injured alone. OKC 168 killed, 680+ injured. USS Cole 17 killed, 39 injured, WTC 6 killed, 1042 injured.
Sad you find the Koresh standoff as nothing. Janet Reno helped expedite the deaths of those children.
He sold our missile technology to China.

You talk out of both sides of your mouth, Joe.

Yeah, the 93’ wtc bombing and the OKC bombing, USS Cole bombing proves that, right? Oh, and the battle for Mogadishu, the bombing of Baghdad, Somalia ambush on American troops, our embassies bombed in Kenya and Tanzania, the second bombing in Iraq, the David Koresh standoff. Must I go on?

Um David Koresh and his followers killed themselves, and good riddance.

I'm not sure why you think a few scattered acts of domestic and international terror that killed less than 200 Americans (I'm not bothering to do the math, I'm busy this morning) is really as bad as Bush's war that killed close to 10,000.

Terrorism is not an existential threat to the US. In fact, we give it more power than it really has.

 

[petro]

Hilarious. The only one to bring out his carcass is YOU.

So you missed the whole part where we rehashed his sex life in 2016 after the Trump Pussy-Grabbing tape came out, and they dragged out the same floozies who were proven to be liars 20 years ago?

Nice off topic deflection.
Now back on actual topic.
The OP states that Trump has cut some deficit spending and tax cuts have historical precedence to actually raise revenues collected by government.
Consumer confidence is now at a 14 year high.
https://www.google.com/url?sa=t&sou...BBAB&usg=AOvVaw0NyW_7x3CJXdxnjKud_Pb8&ampcf=1
Any actual thoughts?
Or just more childish comments on presidential sex lives?

 

[JoeB131]

You are a liar. Here have these

Simple math eludes you.

When you reduce revenues and increase spending, deficits grow. this isn't rocket science.

 

[JoeB131]

The OP states that Trump has cut some deficit spending and tax cuts have historical precedence to actually raise revenues collected by government.
Consumer confidence is now at a 14 year high.
Any actual thoughts?
Or just more childish comments on presidential sex lives?

Yes, Trump has done very well with the economy Obama left him, but he's already messing it up.

FY2018 will have a trillion dollar deficit due to his tax cuts to the rich.

Consumer confidence is a meaningless number that doesn't reflect any economic reality.

It just means people will spend money they don't have.

 

[MordechaiGoodbud]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year, from $10.63 trillion in January 2009 to $16.43 trillion in January 2013, an increase of $5.8 trillion in four years. So if you weren't howling about the debt during Obama's first four years, you have no reason to be howling now.

https://www.treasurydirect.gov/govt/reports/pd/mspd/2017/opds012017.prn
https://www.treasurydirect.gov/govt/reports/pd/mspd/2018/opds022018.prn
https://www.treasurydirect.gov/govt/reports/pd/mspd/2009/opds012009.prn
https://www.treasurydirect.gov/govt/reports/pd/mspd/2013/opds012013.prn

* The CBO projects that the FY 2019 budget deficit will be $985 billion. $985 billion is a lot less than $1.45 trillion. As mentioned above, during Obama's first four years, he added an average of $1.45 trillion per year to the national debt.

* The budget deficit for FY 2017, i.e., most of Trump's first year in office, was $665 billion. During Obama's first five years in office, the budget deficit was $1.4 trillion, $1.3 trillion, $1.3 trillion, $1 trillion, and $679 billion.

US Federal Deficit by Year - plus charts and analysis

* The 2017 deficit would have been smaller had it not been for the bipartisan two-year budget deal of 2015, which included a substantial hike in federal spending. Trump, as we should all recall, railed against that budget deal. Needless to say, Trump had no control over 2015-2017 spending, since that spending was set by the 2015 budget deal. In contrast, Obama signed most of the spending that was done during his first year because the Dem-controlled Congress stalled a large chunk of spending because of a Bush veto threat and because they knew that Obama would sign it when he took office, which he did.

The facts about the growth of spending under Obama
President Obama: The Biggest Government Spender In World History
A Brief History of President Obama’s Fiscal Record - House Budget Committee

* The 2015 two-year budget deal drove the deficit upward again, after sequestration and spending restraint had brought the deficit down to $438 billion by 2015. The 2015 budget deal contained many good provisions, but it also abandoned the spending restraint that had steadily reduced the deficit.

* The budget deficit for this fiscal year, FY 2018 (October 2017 through September 2018), is projected to be $874 billion, which will be lower than any of the deficits of Obama's first four years. But with the economy showing signs of robust growth, federal revenue might well end up being more than is now projected, which would, in turn, give us a lower deficit than the one now projected. We'll see.

* Most budget projections assume that the tax cuts under the Tax Cuts and Jobs Act will "cost" $1.5 trillion, ignoring the documented fact that every major tax cut since the early 1900s has been followed by a sizable increase in federal revenue.

The Facts About Tax Cuts, Revenue, and Growth
Setting the Record Straight About the Bush and Reagan Tax Cuts

* Democrats don't like to hear it, but it is a matter of recent memory and readily verifiable fact that the budget deal that Trump signed last month would have contained much lower spending levels if Congressional Democrats had not rejected spending cuts and had not insisted on domestic spending hikes in exchange for defense spending hikes.

https://nypost.com/2018/02/09/trump-signs-sweeping-two-year-budget-deal/
National debt grew more slowly in FY 2017 under Trump
Budget & Spending
Budget Deal Will Bring Back Trillion-Dollar Deficits and Could Ultimately Add More Than $1.5 Trillion to the Debt

Hey shithead,

the first 9 months of 2017 were still considered Obama's fiscal budget.

 

[JoeB131]

You stated it was peaceful times. It wasn’t.
Actually, the US embassy bombings killed 224,

Except most of those people weren't Americans.

OKC 168 killed,

Not perpetrated by a foreign power.. next.

Sad you find the Koresh standoff as nothing. Janet Reno helped expedite the deaths of those children.

No, what expedited their deaths was their parents joining a cult led by a malignant narcissist who liked to fuck children and didn't want to go to the big house for it.

They could have walked out of that compound at any time.

So they didn't grow up to cheat the welfare system... I guess that's sad... or something.

He sold our missile technology to China.

No, our Aerospace industry sold tech to China because we wanted to get satellites into space.

Are we going to go over the whole Hate Radio Clinton Hate handbook, because i have stuff to do this morning.

 

[postman]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year, from $10.63 trillion in January 2009 to $16.43 trillion in January 2013, an increase of $5.8 trillion in four years. So if you weren't howling about the debt during Obama's first four years, you have no reason to be howling now.

What you fail to account for is that Obama inherited the biggest deficit in history. $1.5 trillion per year. That's why his average deficit in the first four years is so high.

To compare Trump, you have to take Obama's last year FY 2017, and compare it to Trumps FY2018, or more easily 2017 to 2018.


Public debt of the U.S. by month, 2017-2018 | Statistic

Public debt of the United States of America from February 2017 to February 2018, by month (in billion U.S. dollars)

Note how debt shot up 7 months after Obama left.

 

[Harpy Eagle]

Deficit by CY:

2018 (Trump): 538 billion (in just 75 days! that comes out to a deficit of 2.6 trillion for one year)

2017 (Trump): 665 billion

2016 ( Obama): 585 billion

2015 ( Obama): 438 billion

2014 ( Obama): 485 billion

2013 ( Obama): 679 billion

 

[evenflow1969]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year, from $10.63 trillion in January 2009 to $16.43 trillion in January 2013, an increase of $5.8 trillion in four years. So if you weren't howling about the debt during Obama's first four years, you have no reason to be howling now.

https://www.treasurydirect.gov/govt/reports/pd/mspd/2017/opds012017.prn
https://www.treasurydirect.gov/govt/reports/pd/mspd/2018/opds022018.prn
https://www.treasurydirect.gov/govt/reports/pd/mspd/2009/opds012009.prn
https://www.treasurydirect.gov/govt/reports/pd/mspd/2013/opds012013.prn

* The CBO projects that the FY 2019 budget deficit will be $985 billion. $985 billion is a lot less than $1.45 trillion. As mentioned above, during Obama's first four years, he added an average of $1.45 trillion per year to the national debt.

* The budget deficit for FY 2017, i.e., most of Trump's first year in office, was $665 billion. During Obama's first five years in office, the budget deficit was $1.4 trillion, $1.3 trillion, $1.3 trillion, $1 trillion, and $679 billion.

US Federal Deficit by Year - plus charts and analysis

* The 2017 deficit would have been smaller had it not been for the bipartisan two-year budget deal of 2015, which included a substantial hike in federal spending. Trump, as we should all recall, railed against that budget deal. Needless to say, Trump had no control over 2015-2017 spending, since that spending was set by the 2015 budget deal. In contrast, Obama signed most of the spending that was done during his first year because the Dem-controlled Congress stalled a large chunk of spending because of a Bush veto threat and because they knew that Obama would sign it when he took office, which he did.

The facts about the growth of spending under Obama
President Obama: The Biggest Government Spender In World History
A Brief History of President Obama’s Fiscal Record - House Budget Committee

* The 2015 two-year budget deal drove the deficit upward again, after sequestration and spending restraint had brought the deficit down to $438 billion by 2015. The 2015 budget deal contained many good provisions, but it also abandoned the spending restraint that had steadily reduced the deficit.

* The budget deficit for this fiscal year, FY 2018 (October 2017 through September 2018), is projected to be $874 billion, which will be lower than any of the deficits of Obama's first four years. But with the economy showing signs of robust growth, federal revenue might well end up being more than is now projected, which would, in turn, give us a lower deficit than the one now projected. We'll see.

* Most budget projections assume that the tax cuts under the Tax Cuts and Jobs Act will "cost" $1.5 trillion, ignoring the documented fact that every major tax cut since the early 1900s has been followed by a sizable increase in federal revenue.

The Facts About Tax Cuts, Revenue, and Growth
Setting the Record Straight About the Bush and Reagan Tax Cuts

* Democrats don't like to hear it, but it is a matter of recent memory and readily verifiable fact that the budget deal that Trump signed last month would have contained much lower spending levels if Congressional Democrats had not rejected spending cuts and had not insisted on domestic spending hikes in exchange for defense spending hikes.

https://nypost.com/2018/02/09/trump-signs-sweeping-two-year-budget-deal/
National debt grew more slowly in FY 2017 under Trump
Budget & Spending
Budget Deal Will Bring Back Trillion-Dollar Deficits and Could Ultimately Add More Than $1.5 Trillion to the Debt

Lets set the record strait neither party has any want to reign in on deficits because our electorate has no want to curtail them. We listen to talk about curtailing but they never actually do and we do not hold them responsible. Our reps only care about keeping their job and our electorate is not willing to poney up on debt. So we keep blaming the other party and the debt continues to rise! If you want to blame just one party you are not paying attention.

 

[mikegriffith1]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

And the proper response to a serious recession is not to jack up spending and impose a waft of new taxes and regulations on the economy. Sorry, that's no excuse.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

IOW, you didn't bother to read the rest of the OP, or else you would have seen that your claims here are incorrect. You might read an entire OP before you respond to it. Your claims are refuted in the points that followed the one where you stopped.

The last time we had a balanced budget, a budget surplus, and a shrinking debt was 1998-2000, thanks to Bill Clinton ignoring the liberal wing of his party and his willingness to compromise with the Republicans on spending.

 

[otto105]

When was the last time the national debt went down?

1998-2000 under Bill Clinton. You probably didn't notice because you were obsessing about cigars and blow jobs.

It was a Republican Congress and a Democrat President that tried to balance the budget.

And it was the last time.

The political land scape is very different today. Such measures are impossible today because both sides have embraced mandatory spending. Any cuts in spending now would be viewed on both sides as draconian and immoral.

IF we are to ever reign in spending again then states need to rise up and support their local Article V movement. States need to rise up and amend the Constitution with some sort of Federal balanced budget amendment to force law makers to make the necessary cuts that everyone will try to demonize. No politician will put their necks on the block to cut spending, they must be forced to do so.

Or just continue as they are, which will lead to fiscal ruin.

It's really just that simple.

You advocate the type of financial ruin best portrayed by the states Kansas and Oklahoma.

 

[Harpy Eagle]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

And the proper response to a serious recession is not to jack up spending and impose a waft of new taxes and regulations on the economy. Sorry, that's no excuse.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

IOW, you didn't bother to read the rest of the OP, or else you would have seen that your claims here are incorrect. You might read an entire OP before you respond to it. Your claims are refuted in the points that followed the one where you stopped.

The last time we had a balanced budget, a budget surplus, and a shrinking debt was 1998-2000, thanks to Bill Clinton ignoring the liberal wing of his party and his willingness to compromise with the Republicans on spending.

Trump is on track for 2.6 trillion dollar deficit this year...and yet you continue to kiss his ass while crying about Obama’s.

You are the problem with this country


Sent from my iPhone using USMessageBoard.com

 

[mikegriffith1]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

And the proper response to a serious recession is not to jack up spending and impose a waft of new taxes and regulations on the economy. Sorry, that's no excuse.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

IOW, you didn't bother to read the rest of the OP, or else you would have seen that your claims here are incorrect. You might read an entire OP before you respond to it. Your claims are refuted in the points that followed the one where you stopped.

The last time we had a balanced budget, a budget surplus, and a shrinking debt was 1998-2000, thanks to Bill Clinton ignoring the liberal wing of his party and his willingness to compromise with the Republicans on spending.

Trump is on track for 2.6 trillion dollar deficit this year...and yet you continue to kiss his ass while crying about Obama’s.

You didn't read the OP, either, did you? You'd know that this is simply false. The projected deficit for this year is $874 billion.

 

[jillian]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

When was the last time the national debt went down?

when bill Clinton was president.

cutting taxes, absurdly increasing gifts to military contractors and then telling us there's no money for anything else is the province of rightwingnuts.... they aren't tax and spend, they're enrich the rich and spend us into deficits.

 

[Harpy Eagle]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

And the proper response to a serious recession is not to jack up spending and impose a waft of new taxes and regulations on the economy. Sorry, that's no excuse.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

IOW, you didn't bother to read the rest of the OP, or else you would have seen that your claims here are incorrect. You might read an entire OP before you respond to it. Your claims are refuted in the points that followed the one where you stopped.

The last time we had a balanced budget, a budget surplus, and a shrinking debt was 1998-2000, thanks to Bill Clinton ignoring the liberal wing of his party and his willingness to compromise with the Republicans on spending.

Trump is on track for 2.6 trillion dollar deficit this year...and yet you continue to kiss his ass while crying about Obama’s.

You didn't read the OP, either, did you? You'd know that this is simply false. The projected deficit for this year is $874 billion.

That projection is a fucking joke.

The deficit right now for this CY is 538 billion, and that is for just 74 days.

We will blow past the 874 mark before Memorial Day.

Even if they can cut the current track we are on right now in half we will still be at 1.3 trillion.

 

[EGR one]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

The debt only does down when revenues exceed expenditures. Yes, we went into a deep recession in 2009. Obama's economic policies turned that recession into the great recession. In other words, Obama's policies extended that recession for years beyond its natural ending.

To date, Trump has only added $1.1 Trillion to the debt, not $2 Trillion.

 

[EGR one]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

When was the last time the national debt went down?

when bill Clinton was president.

cutting taxes, absurdly increasing gifts to military contractors and then telling us there's no money for anything else is the province of rightwingnuts.... they aren't tax and spend, they're enrich the rich and spend us into deficits.

Bill Clinton inherited a growing economy. When he left office, the economy was flat and going into recession.

 

[otto105]

Let's get some facts straight about the debt and the deficit under President Trump:

* When President Trump took office in January 2017, the national debt stood at $19.93 trillion. As of last month, the debt was $20.85 trillion. That's an increase of $920 billion. In Obama's first four years in office, he raised the national debt by an average of $1.45 trillion per year,

Okay, got to cut you off right there. When Obama took office, we were in the middle of the biggest economic disaster since the Great Depression.

The debt SHOULD be going down given current economic conditions, but Trumpenfuhrer has managed to add another 2 Trillion to the debt. And that's before his Tax Giveaways to the Rich add Trillions more to the debt.

The debt only does down when revenues exceed expenditures. Yes, we went into a deep recession in 2009. Obama's economic policies turned that recession into the great recession. In other words, Obama's policies extended that recession for years beyond its natural ending.

To date, Trump has only added $1.1 Trillion to the debt, not $2 Trillion.

Stop posting on economics.

It's just making you look stupid.

 

[JoeB131]

And the proper response to a serious recession is not to jack up spending and impose a waft of new taxes and regulations on the economy. Sorry, that's no excuse.

Actually, that's how we've gotten out of EVERY recession in history... Every recession we've gotten out of has involved a massive increase in government spending to keep people employed.

What got us out of the 1981 recession wasn't Reagan giving tax cuts to the rich, it was that he spent shitloads of money on military stuff and infrastructure (which is why he tripled the national debt.)

 

[JoeB131]

IOW, you didn't bother to read the rest of the OP, or else you would have seen that your claims here are incorrect. You might read an entire OP before you respond to it.

I can usually tell when the OP is a stupid person in the first few sentences... Sadly, in the Age of Trump Koolaid Drinkers, those have become more common.