Biden’s Treasury to borrow $776 billion in the final three months of the year

[Nostra]

One word...retard.

The deficit was doubled BEFORE Covid.

Nice try.

BEFORE COVID:

Trump Proposes a Record $4.75 Trillion Budget​

THE HOAX:

Trump: I will eliminate U.S. debt in 8 years​

The REALITY:

US budget deficit balloons to nearly $1 trillion for fiscal 2019​

No stupid, 2018 was Trump's first budget. Deficit was $780 billion. 2019 was $980 billion. 2020 was when the Fauci flu hit.

Why do you lie in every post?

 

[g5000]

Two words.... China Virus..... what's Joe's excuse?....

Whenever you are tempted to brag about Trump's economic "boom", remember this graph. Look how much this motherfucker increased the percent of GDP which was government spending.

There's your fake "boom", in your face.

And don't even THINK of claiming it was because of Covid. The gray vertical line is when Covid kicked in. Trump ramped up government spending BEFORE Covid.

There is why we have inflation now.

 

[Mac1958]

It's wonderful to see how you keep repeating falsehoods in order to maintain your imaginary world. The Democrats controlled the House from 2006 to 2022 without passing a budget. The Republicans have controlled the House for less than one year.

Another ignorant Trumpster.

 

[g5000]

It's wonderful to see how you keep repeating falsehoods in order to maintain your imaginary world. The Democrats controlled the House from 2006 to 2022 without passing a budget. The Republicans have controlled the House for less than one year.

Wrong.

The Republicans controlled the House from January 2011 to January 2019, including during the first two years of Trump's presidency while they were exploding the deficit.

How in the FUCK do you tards think you can get away with making shit up?

It's wonderful to see how you keep repeating falsehoods in order to maintain your imaginary world

IRONY!

 

[g5000]

When a D is in the White House, it's the president's fault for the deficit.

When an R is in the White House, "The devil Democrats made him do it!"

Trump Proposes a Record $4.75 Trillion Budget​

 

[g5000]

Here is the formula for GDP:

GDP = C + G + I + NX. C is equal to all private consumption, or consumer spending, in a nation's economy, G is the sum of government spending, I is the sum of all the country's investment, including businesses capital expenditures and NX is the nation's total net exports, calculated as total exports minus total imports (NX = Exports - Imports).

Gross Domestic Product - GDP


Our politicians have figured out it is easier to artificially juice our GDP with big government spending rather than do the heavy lifting of enacting policies which will make our economy stronger.

They have been doing this for DECADES.

That's why Trump, the self-proclaimed "King of Debt" massively increased spending. And he STILL could not get to his promised 4 to 6 percent growth in GDP.

 

[TNHarley]

I will never take these hypocrites seriously. It is literally impossible.

I say the same thing about you.

 

[g5000]

The irony of this is that the federal debt is a drag on economic growth. And so as the debt gets bigger and bigger, our politicians find it necessary to spend more and more and more to keep artificially juicing the economy.

Then they hypnotize the willfully stupid rubes into believing they are trying to do something about it.

The fact is, neither party has the guts to make the hard choices which will make our economy strong again.

It's all about pain avoidance. If our elected officials did what was right, the short term pain would cause the rube herd to scream like the welfare queens they are. So our politicians give us exactly what we demand of them.

We get the politicians we deserve.

We are now at the point where the pain we have been kicking down the road is getting bigger and bigger, and when the inevitable time comes that we can't kick this fucking immovable object any further, things are going to really suck. And everyone will be pointing fingers at each other when they should be looking in the mirror for the culprit.

 

[g5000]

I say the same thing about you.

Where have I been hypocritical, dipshit?

 

[Couchpotato]

The House is controlled by Republicans.

So most of the debt racked up by Trump is the Dems fault then. Am I right?

 

[Lord Long Rod]

It's only money.

 

[g5000]

So most of the debt racked up by Trump is the Dems fault then. Am I right?

It's Trump's fault.

I never once heard the MAGAts blame the House for Obama's debt.

Not once.

To this very day, they blame Obama for every penny.

And Trump had a Republican House and a Republican Senate for his first two years, and they together exploded the deficit.

 

[Mac1958]

It's Trump's fault.

I never once heard the MAGAts blame the House for Obama's debt.

Not once.

To this very day, they blame Obama for every penny.

And Trump had a Republican House and a Republican Senate for his first two years, and they together exploded the deficit.

There is NO better example of the Dunning-Kruger Effect than a Trumpster pretending to be informed about economics and markets.

 

[Couchpotato]

Wrong.

The Republicans controlled the House from January 2011 to January 2019, including during the first two years of Trump's presidency while they were exploding the deficit.

How in the FUCK do you tards think you can get away with making shit up?



IRONY!

US Budget Deficit by Year Compared to GDP, Debt, and Events

The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.

www.thebalancemoney.com

2012	$1,077	$1,276	6.6%
2013	$680	$672	4.0%
2014	$485	$1,086	2.8%
2015	$442	$327	2.4%
2016	$585	$1,423	3.1%
2017	$665	$671	3.4%
2018	$779	$1,271	3.8%
2019	$984	$1,203	4.6%
2020	$3,132	$4,226	15.0%
2021	$2,772	$1,484	12.1%

The deficit spending was pretty status quo and didnt "explode" until 2020. COVID happened and the Dems were in control of the House and Senate by then.

 

[Couchpotato]

It's Trump's fault.

I never once heard the MAGAts blame the House for Obama's debt.

Not once.

To this very day, they blame Obama for every penny.

And Trump had a Republican House and a Republican Senate for his first two years, and they together exploded the deficit.

LOL. but Biden's debt is the GOP held House's fault.... Funny how that works.

 

[g5000]

US Budget Deficit by Year Compared to GDP, Debt, and Events

The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.

www.thebalancemoney.com

2012	$1,077	$1,276	6.6%
2013	$680	$672	4.0%
2014	$485	$1,086	2.8%
2015	$442	$327	2.4%
2016	$585	$1,423	3.1%
2017	$665	$671	3.4%
2018	$779	$1,271	3.8%
2019	$984	$1,203	4.6%
2020	$3,132	$4,226	15.0%
2021	$2,772	$1,484	12.1%

The deficit spending was pretty status quo and didnt "explode" until 2020. COVID happened and the Dems were in control of the House and Senate by then.

Just as I said. As you can see, the deficit was steadily declining while Obama was president.

As soon as Trump took over, it began exploding.

BEFORE Covid.

It is now declining under Biden.

 

[g5000]

LOL. but Biden's debt is the GOP held House's fault.... Funny how that works.

If you want to find the culprit, and I mean REALLY find the culprit...look in the mirror.

 

[Nostra]

Wrong.

The Republicans controlled the House from January 2011 to January 2019, including during the first two years of Trump's presidency while they were exploding the deficit.

How in the FUCK do you tards think you can get away with making shit up?



IRONY!

First two Trump budgets had deficits of $780 and $980 billion.

Tater's is over $2 trillion this year, Simp.

 

[Auld Phart]

The House is controlled by Republicans.

 

[Couchpotato]

Just as I said. As you can see, the deficit was steadily declining while Obama was president.

As soon as Trump took over, it began exploding.

BEFORE Covid.

It is now declining under Biden.

2008	$459	$1,017	3.1%
2009	$1,413	$1,885	9.8%
2010	$1,294	$1,652	8.6%
2011	$1,300	$1,229	8.3%
2012	$1,077	$1,276	6.6%
2013	$680	$672	4.0%
2014	$485	$1,086	2.8%
2015	$442	$327	2.4%
2016	$585	$1,423	3.1%
2017	$665	$671	3.4%

Did you forget that he was President in 2009, 10, 11 and 12? You know his entire first term? LOL. So sure, if you triple the deficit your first year, it's easy to gradually reduce it back to normal. Using the last budget under Bush, Obama only had 1 lower than that so 1 year he reduced it the other 7 were increases.


Trump was no fiscal conservative either but he's no worse than the previous President nor his successor.


The same can be said of Biden. We had a ridiculous deficit in 2020 and 2021 "because of COVID". A 3 y/o could bring the deficit down from those record numbers. But it's still incredibly high. 1.3 isnt a return to normal, and 1.7 is above 1.3 so it's going back up.

If you remove the COVID spending which would have been done regardless of who was President Trump's deficit rate per year was essentially the same as Obama and for the most part Biden. Just about 1 Trillion.