Deficit Increased by $7B under Trump, But now the GOP tries to claim fiscal Responsibility????

[Smokin' OP]

It didn't affect most of the country.

Yeah, parks closed, airport safety workers furloughed, NTSB workers furloughed, government offices closed.
No big deal, right Wilbur?
On January 24, Secretary of Commerce Wilbur Ross downplayed the financial difficulties faced by the 800,000 federal workers affected by the shutdown, stating that they should borrow money to "tide them over" until the shutdown ends.

 

[Toddsterpatriot]

Yeah, parks closed, airport safety workers furloughed, NTSB workers furloughed, government offices closed.
No big deal, right Wilbur?
On January 24, Secretary of Commerce Wilbur Ross downplayed the financial difficulties faced by the 800,000 federal workers affected by the shutdown, stating that they should borrow money to "tide them over" until the shutdown ends.

Like I said.

 

[Devils_Advocate]

Yet Trump had weak low growth, barely better than Obama.

Biden's economy is booming, and the infrastructure bill will take it to the next level. The GOP does not want another Dem pres to show up the GOP the way Clinton showed up everybody, Obama showed up Bush, and now Biden is crushing Trump.

The economy is booming because of the fact your beloved Chinese Government forced the entire World to shut itself down and now it is reopening, so you should remember that…

 

[basquebromance]

it's welfare that drives up the debt, along with defense spending

if the american public knew how the welfare system is abused, half would be outraged, and the other half would apply for welfare

 

[Eric Arthur Blair]

There's no "debate" with trolls.

I agree. Why not just fuck off?

That bullshit argument was over years ago and the facts are on record.

Nothing to debate. Obama got us out of that Republican Recession and you fucking Republicans kicked and screamed the whole time fighting that Recovery

"Mr. Trump would be wise to learn the lessons from Barack Obama’s $830 billion American Recovery and Reinvestment Act of 2009. In the wake of the housing meltdown and financial crisis, Congress passed the largest stimulus-spending package in American history. The economic spark and job creation were supposed to appear almost immediately, as money flowed into “shovel ready” construction projects. Vice President Joe Biden barnstormed around the country in 2010 promising a “Summer of Recovery” that never came."

"One problem apparent from the start was that only about 15% of the money was used for roads, bridges and other infrastructure projects. More than twice as much went to income-redistribution programs such as Medicaid, food stamps and extended unemployment insurance, or to green-energy projects. Remember the federally subsidized “cash for clunkers” auto trade-in program? That sop to the auto industry did little to shore up employment—or even the auto industry. University of Chicago economist Casey Mulligan calls the postcrisis downturn the “redistribution recession.”

"The left is now trumpeting the redistributive stimulus as a wondrous success. Mr. Obama even tweeted earlier this year that his stimulus plan laid the groundwork for “more than a decade of economic growth.” But the facts point in the opposite direction. When his stimulus plan passed, Mr. Obama’s economic team predicted above 4% growth each year from 2011 through 2013."

"Fortune tellers with tarot cards and Ouija boards might have gotten closer to the mark. On average, growth from 2009 to 2012 was a mere 2%. Two years after the stimulus the unemployment rate was still 9%, and it would have been much higher if not for the millions of Americans who dropped out of the labor force because jobs were so scarce. The plan was designed to help the middle class, but median household income fell through 2011."

"In 2015 the Joint Economic Committee of Congress compared the Obama recovery with the previous eight recessions and found that per capita income growth after 2009 was thousands of dollars below the average. The JEC’s conclusion summarizes the legacy of the Obama stimulus: “On economic growth the Obama recovery ranks dead last.”

"To paint a rosy picture, Democrats have had to argue that the economy would have been even worse, bordering on a second Great Depression, without all of the spending. Yet their outlook before passing the stimulus exposes that argument as a mere shifting of goal posts. Actual job growth after 2009 was lower than what Mr. Obama’s economic team predicted it would have been without the hundreds of billions in spending. That’s some “investment.”

Let those with a brain read the truth. You other partisan fish can swim around in your delusional sewer.

 

[bendog]

Neither party has been able to deliver 3% real growth since the 2000 first market meltdown and recessession.

What's odd is that both Trump and now Biden broke with "supply side" orthodoxy and argued the govt should drive up prices to cause wages to rise. The problem thus far is that Trump tried to do it with Tariffs, which put a lot of farmers on the govt dole, and Biden appears to be trying to do it by giving people money to not work.

 

[Lesh]

Neither party has been able to deliver 3% real growth since the 2000 first market meltdown and recessession.

What's odd is that both Trump and now Biden broke with "supply side" orthodoxy and argued the govt should drive up prices to cause wages to rise. The problem thus far is that Trump tried to do it with Tariffs, which put a lot of farmers on the govt dole, and Biden appears to be trying to do it by giving people money to not work.

“Money not to work” is a stupid way to phrase unemployment benefits used to keep people from having to expose themselves to the virus. And that’s not a BIDEN program. We have been doing it since lockdown … ya know under that asshole trump.

Oh and it ended a month ago.

So… yea

Bullshit

 

[bendog]

“Money not to work” is a stupid way to phrase unemployment benefits used to keep people from having to expose themselves to the virus. And that’s not a BIDEN program. We have been doing it since lockdown … ya know under that asshole trump.

Oh and it ended a month ago.

So… yea

Bullshit

I was refencing child tax credits going to families making over 50K. And I have no idea why we'd give any tax credit to an unmarried person who was able to work. Esp when we are short of workers.

 

[Lesh]

I was refencing child tax credits going to families making over 50K. And I have no idea why we'd give any tax credit to an unmarried person who was able to work. Esp when we are short of workers.

A child tax credit of a couple hundred a month isn’t keeping anyone from working.

In fact most of it will go to child care so people CAN work

 

[bendog]

A child tax credit of a couple hundred a month isn’t keeping anyone from working.

In fact most of it will go to child care so people CAN work

A two parent family making 75K with two kids over 6 and one under would bet $800 per month in 2021. And an less than full time working parent isn't paying for child support.

 

[Who_Me?]

it's welfare that drives up the debt, along with defense spending

if the american public knew how the welfare system is abused, half would be outraged, and the other half would apply for welfare

Where is the line drawn on personal responsibility vs government handouts? I raised my own kids, paid for daycare, put them through college, and cared for elderly parents. Now the democrats want to do all of that for you. Frankly I don't want my money to go to the 47% that have no skin in the game but willingly siphon the system. And if you believe the "rich" are going to pay for all of this free stuff, you're clueless. The numbers don't work.

 

[Lesh]

A two parent family making 75K with two kids over 6 and one under would bet $800 per month in 2021. And an less than full time working parent isn't paying for child support.

Read this slowly.

DAY CARE

Being able to afford DAY Care puts people to work

 

[Lesh]

A two parent family making 75K with two kids over 6 and one under would bet $800 per month in 2021. And an less than full time working parent isn't paying for child support.

Curious where you got these numbers from. Do you have a link?

 

[bendog]

Read this slowly.

DAY CARE

Being able to afford DAY Care puts people to work

If a family making 75K and getting $800 a month from the govt for three school age kids, they aren't going to be looking at day care. Do you have any idea what that costs? JFC.

What expanding the child tax credit does for families who make enough to get by on one salary, or even one and a part time salary, is to take the $800 plus whatever can be saved from not using after school or child care and WORK LESS.
Are you not paying attention to the labor situation and supply chain failures? We are paying working parents to not work and raising costs through higher labor costs.

But it's a different thing when you have a single mom of two who makes maybe $35K and gets spotty to none child support.

 

[Eric Arthur Blair]

The economy is booming because of the fact your beloved Chinese Government forced the entire World to shut itself down and now it is reopening, so you should remember that…

Who remembers such minor details?

 

[Lesh]

If a family making 75K and getting $800 a month from the govt for three school age kids, they aren't going to be looking at day care. Do you have any idea what that costs? JFC.

What expanding the child tax credit does for families who make enough to get by on one salary, or even one and a part time salary, is to take the $800 plus whatever can be saved from not using after school or child care and WORK LESS.
Are you not paying attention to the labor situation and supply chain failures? We are paying working parents to not work and raising costs through higher labor costs.

But it's a different thing when you have a single mom of two who makes maybe $35K and gets spotty to none child support.

AGain. Where are you getting your numbers from.

LINK>>>

 

[bendog]

AGain. Where are you getting your numbers from.

LINK>>>

Child Tax Credit Calculator 2021 | H&R Block

Calculate the amount of child tax credit payment you may receive as an advance or on your 2021 return by using H&R Block's child tax credit calculator.

www.hrblock.com

 

[Lesh]

Child Tax Credit Calculator 2021 | H&R Block

Calculate the amount of child tax credit payment you may receive as an advance or on your 2021 return by using H&R Block's child tax credit calculator.

www.hrblock.com

Ok...so what is your issue?

How is $300/month keeping anyone from working?

 

[Lesh]

If a family making 75K and getting $800 a month from the govt for three school age kids, they aren't going to be looking at day care. Do you have any idea what that costs? JFC.

What are you talking about?

Why are they not looking at day care?

And do you know what day care costs?

 

[ThisIsMe]

Debt service is 524B. No matter how much you spin it, that is the actual number.

28,849,642,000,000 X 2.2% = 634,692,124,000

So, 634 billion? Did I get something wrong? Current national debt is almost 29T and current interest rate on the debt is 2.2%, right?