How Are We Gonna Pay for the $7.9 Trillion that Obama Added to the National Debt?

[NYcarbineer]

Shouldn't we focus on paying off the debt Reagan added first?

You know, along the lines of FIFO??? And then Bush Sr.'s...

 

[OnePercenter]

Actually, according to YOUR link, if you removed the effects of 2008 from Obama and placed them where they belong, babyBush, Obama would be $3 Trillion (about where daddyBush was after paying for Regan's mistake) and place the $10 Trillion where it belongs on babyBush.

If you want to pay off the deficit, revoke Trumpchange rules and;

-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2018 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2018 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.

My plan would put BILLIONS into the economy daily.

My plan would put the $100 trillion plus currently owned by corporate America back into the economy.

My plan would end all welfare.

My plan would significantly increase social security and pension payments.

My plan would hold prices for 10 years, thus eliminating inflation.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2018 rise in food, shelter, and transportation.

Still using your fake inflation calculation?

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

Where will we get the money for this huge handout to corporations?

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

How did price controls work out for Venezuela?

Still using your fake inflation calculation?

Buy a car lately?

Where will we get the money for this huge handout to corporations?

Money that is returned to States. BTW, it isn't a handout to corporations, it's to workers who will spend it in the economy.

How did price controls work out for Venezuela?

My plan controls costs of goods and services thus thwarts inflation.

Buy a car lately?

Yes.

Money that is returned to States. BTW, it isn't a handout to corporations,

Giving corporations a tax credit for employee expenses is a handout. To corporations.

My plan controls costs of goods and services thus thwarts inflation.

How well did price controls in Venezuela thwart inflation?

Yes.

Then you know

Giving corporations a tax credit for employee expenses is a handout. To corporations.

But the cash goes to employees

How well did price controls in Venezuela thwart inflation?

We're NOT Venezuela.

Then you know

I know your imaginary inflation numbers are imaginary.

But the cash goes to employees

Giving corporations a tax credit to hand to employees is a handout to corporations.

We're NOT Venezuela.

Price controls failed in Venezuela and they failed in the US in the past.

I know your imaginary inflation numbers are imaginary.

1970 to 2018 the price of cars and rent isn't imaginary.

Giving corporations a tax credit to hand to employees is a handout to corporations.

And employees spend it in the economy.

Price controls failed in Venezuela and they failed in the US in the past.

ALL prices weren't controlled. In at least one instance the US froze wage increases.

Why do you hate the American worker? Are you one of those irritating Canadians that post here?

 

[OnePercenter]

We are going to make Mexico pay for it

Trumpchange had too many tequilas!

 

[Rexx Taylor]

i have always wondered what the national debt was when we were cavemen and dinasours were pooping all over the place

 

[Toddsterpatriot]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2018 rise in food, shelter, and transportation.

Still using your fake inflation calculation?

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

Where will we get the money for this huge handout to corporations?

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

How did price controls work out for Venezuela?

Still using your fake inflation calculation?

Buy a car lately?

Where will we get the money for this huge handout to corporations?

Money that is returned to States. BTW, it isn't a handout to corporations, it's to workers who will spend it in the economy.

How did price controls work out for Venezuela?

My plan controls costs of goods and services thus thwarts inflation.

Buy a car lately?

Yes.

Money that is returned to States. BTW, it isn't a handout to corporations,

Giving corporations a tax credit for employee expenses is a handout. To corporations.

My plan controls costs of goods and services thus thwarts inflation.

How well did price controls in Venezuela thwart inflation?

Yes.

Then you know

Giving corporations a tax credit for employee expenses is a handout. To corporations.

But the cash goes to employees

How well did price controls in Venezuela thwart inflation?

We're NOT Venezuela.

Then you know

I know your imaginary inflation numbers are imaginary.

But the cash goes to employees

Giving corporations a tax credit to hand to employees is a handout to corporations.

We're NOT Venezuela.

Price controls failed in Venezuela and they failed in the US in the past.

I know your imaginary inflation numbers are imaginary.

1970 to 2018 the price of cars and rent isn't imaginary.

Giving corporations a tax credit to hand to employees is a handout to corporations.

And employees spend it in the economy.

Price controls failed in Venezuela and they failed in the US in the past.

ALL prices weren't controlled. In at least one instance the US froze wage increases.

Why do you hate the American worker? Are you one of those irritating Canadians that post here?

1970 to 2018 the price of cars and rent isn't imaginary.

Post your evidence.

And employees spend it in the economy.

Employees already do that. Without you handing trillions to corporations.

ALL prices weren't controlled.

And what happened in those areas where they were controlled?

Why do you hate the American worker?

Pointing out your ignorance and bad math doesn't mean I hate anybody.

 

[the other mike]

Which President Added Most to the U.S. Debt?

Citigroup.

 

[sealybobo]

Predictably, liberals here are screaming about how we're gonna "pay for" the $1.4 trillion that the Trump tax cuts are returning to the American people, while they refuse to admit that federal revenue has increased after every major tax cut since the early 1900s.

Well, I would like liberals to explain how we're gonna pay for the $7.9 trillion that Obama added to the national debt. Just to be extra fair, this is not counting Obama's first year, because, technically, it was operating under Bush's last budget (even though Congress jacked up spending in Bush's last year over his objections, even though Obama approved a huge spending boost to the FY 2009 budget right after coming to office, and even though Obama would have added much more debt had it not been for Republican-imposed sequestration). National debt increases by president in dollar amounts and percentages:

Obama: $7.9 trillion/68 percent
Bush Jr.: $5.8 trillion/101 percent
Clinton: $0/0 percent
Bush Sr.: $2.8 trillion/54 percent
Reagan: $1.8 trillion/186 percent

Again, if Obama had not been modestly restrained by a Republican-controlled Congress, he would have added a lot more debt. Without Obama's and the Democrats' pressure for higher and higher spending, spending would have been substantially less after the Republicans took control of Congress.

Presidents didn't used to increase the debt by such large percentages. Debt increases used to be in low double digits or in single digits in terms of the percent of the increase, which is the most important number. Dollar values change over time because of inflation, which is why the percent of the increase is the most important figure:

LBJ: $42 billion/13 percent
JFK: $23 billion/8 percent
Eisenhower: $23 billion/9 percent
Truman: $7 billion/3 percent

So, liberals, how are we gonna pay for the $7.9 trillion that Obama added to the debt? How? Or do you only worry about "paying for" something when it involves letting Americans keep more of their own money?

Which President Added Most to the U.S. Debt?

Won't Trump top those numbers?

 

[the other mike]

Won't Trump top those numbers?

If he's reelected and we somehow avoid an economic crash between now and 2024, at the rate the debt is currently going up he'll have almost doubled Obama's numbers.

 

[sealybobo]

Won't Trump top those numbers?

If he's reelected and we somehow avoid an economic crash between now and 2024, at the rate the debt is currently going up he'll have almost doubled Obama's numbers.

I would be shocked if he doesn't double it. SHOCKED.

 

[the other mike]

If Nader had been elected or Perot in '92, we would have gone a totally different economic path --and probably have a surplus of trillions and easily the world's strongest economy- by far.

 

[bendog]

Predictably, liberals here are screaming about how we're gonna "pay for" the $1.4 trillion that the Trump tax cuts are returning to the American people, while they refuse to admit that federal revenue has increased after every major tax cut since the early 1900s.

Well, I would like liberals to explain how we're gonna pay for the $7.9 trillion that Obama added to the national debt. Just to be extra fair, this is not counting Obama's first year, because, technically, it was operating under Bush's last budget (even though Congress jacked up spending in Bush's last year over his objections, even though Obama approved a huge spending boost to the FY 2009 budget right after coming to office, and even though Obama would have added much more debt had it not been for Republican-imposed sequestration). National debt increases by president in dollar amounts and percentages:

Obama: $7.9 trillion/68 percent
Bush Jr.: $5.8 trillion/101 percent
Clinton: $0/0 percent
Bush Sr.: $2.8 trillion/54 percent
Reagan: $1.8 trillion/186 percent

Again, if Obama had not been modestly restrained by a Republican-controlled Congress, he would have added a lot more debt. Without Obama's and the Democrats' pressure for higher and higher spending, spending would have been substantially less after the Republicans took control of Congress.

Presidents didn't used to increase the debt by such large percentages. Debt increases used to be in low double digits or in single digits in terms of the percent of the increase, which is the most important number. Dollar values change over time because of inflation, which is why the percent of the increase is the most important figure:

LBJ: $42 billion/13 percent
JFK: $23 billion/8 percent
Eisenhower: $23 billion/9 percent
Truman: $7 billion/3 percent

So, liberals, how are we gonna pay for the $7.9 trillion that Obama added to the debt? How? Or do you only worry about "paying for" something when it involves letting Americans keep more of their own money?

Which President Added Most to the U.S. Debt?

Won't Trump top those numbers?

Blew threw em like a drunk at a checkpoint
United States Gross Federal Debt to GDP | 2019 | Data | Chart | Calendar

 

[bendog]

I like posts showing the gopers were the worst that then thank the gop for restraint. LOL

 

[AntonToo]

If Nader had been elected or Perot in '92, we would gone a totally different economic path --and probably have a surplus of trillions and easily the world's strongest economy- by far.

Any other economic free lunch stories?

Everyone wants to imagine that we can have better economy with lower deficits, but normal relatioship between them simply doesn't work that way. Deficit reduction is rarely a freebee, it is liquidity you have to take out of economy. It is exactly the opposite of stimulating economy by increasing deficits.

No personality can change that.

 

[the other mike]

If Nader had been elected or Perot in '92, we would gone a totally different economic path --and probably have a surplus of trillions and easily the world's strongest economy- by far.

Any other economic free lunch stories?

Everyone wants to imagine that we can have better economy with lower deficits, but normal relatioship between simply doesn't work that way. Deficit reduction is not a freebee, it is liquidity you have to take out of economy.

You obviously didn't listen to 5 seconds what he said.

 

[Lakhota]

How Are We Gonna Pay for the $7.9 Trillion that Obama Added to the National Debt?

You mean to pay for Bush's two wars and unprecedented tax cuts during wartime?

 

[AntonToo]

If Nader had been elected or Perot in '92, we would gone a totally different economic path --and probably have a surplus of trillions and easily the world's strongest economy- by far.

Any other economic free lunch stories?

Everyone wants to imagine that we can have better economy with lower deficits, but normal relatioship between simply doesn't work that way. Deficit reduction is not a freebee, it is liquidity you have to take out of economy.

You obviously didn't listen to 5 seconds what he said.

yea yea, sure.

 

[Blues Man]

Predictably, liberals here are screaming about how we're gonna "pay for" the $1.4 trillion that the Trump tax cuts are returning to the American people, while they refuse to admit that federal revenue has increased after every major tax cut since the early 1900s.

Well, I would like liberals to explain how we're gonna pay for the $7.9 trillion that Obama added to the national debt. Just to be extra fair, this is not counting Obama's first year, because, technically, it was operating under Bush's last budget (even though Congress jacked up spending in Bush's last year over his objections, even though Obama approved a huge spending boost to the FY 2009 budget right after coming to office, and even though Obama would have added much more debt had it not been for Republican-imposed sequestration). National debt increases by president in dollar amounts and percentages:

Obama: $7.9 trillion/68 percent
Bush Jr.: $5.8 trillion/101 percent
Clinton: $0/0 percent
Bush Sr.: $2.8 trillion/54 percent
Reagan: $1.8 trillion/186 percent

Again, if Obama had not been modestly restrained by a Republican-controlled Congress, he would have added a lot more debt. Without Obama's and the Democrats' pressure for higher and higher spending, spending would have been substantially less after the Republicans took control of Congress.

Presidents didn't used to increase the debt by such large percentages. Debt increases used to be in low double digits or in single digits in terms of the percent of the increase, which is the most important number. Dollar values change over time because of inflation, which is why the percent of the increase is the most important figure:

LBJ: $42 billion/13 percent
JFK: $23 billion/8 percent
Eisenhower: $23 billion/9 percent
Truman: $7 billion/3 percent

So, liberals, how are we gonna pay for the $7.9 trillion that Obama added to the debt? How? Or do you only worry about "paying for" something when it involves letting Americans keep more of their own money?

Which President Added Most to the U.S. Debt?

We're not going to pay it back.

 

[Ambivalent1]

Predictably, liberals here are screaming about how we're gonna "pay for" the $1.4 trillion that the Trump tax cuts are returning to the American people, while they refuse to admit that federal revenue has increased after every major tax cut since the early 1900s.

Well, I would like liberals to explain how we're gonna pay for the $7.9 trillion that Obama added to the national debt. Just to be extra fair, this is not counting Obama's first year, because, technically, it was operating under Bush's last budget (even though Congress jacked up spending in Bush's last year over his objections, even though Obama approved a huge spending boost to the FY 2009 budget right after coming to office, and even though Obama would have added much more debt had it not been for Republican-imposed sequestration). National debt increases by president in dollar amounts and percentages:

Obama: $7.9 trillion/68 percent
Bush Jr.: $5.8 trillion/101 percent
Clinton: $0/0 percent
Bush Sr.: $2.8 trillion/54 percent
Reagan: $1.8 trillion/186 percent

Again, if Obama had not been modestly restrained by a Republican-controlled Congress, he would have added a lot more debt. Without Obama's and the Democrats' pressure for higher and higher spending, spending would have been substantially less after the Republicans took control of Congress.

Presidents didn't used to increase the debt by such large percentages. Debt increases used to be in low double digits or in single digits in terms of the percent of the increase, which is the most important number. Dollar values change over time because of inflation, which is why the percent of the increase is the most important figure:

LBJ: $42 billion/13 percent
JFK: $23 billion/8 percent
Eisenhower: $23 billion/9 percent
Truman: $7 billion/3 percent

So, liberals, how are we gonna pay for the $7.9 trillion that Obama added to the debt? How? Or do you only worry about "paying for" something when it involves letting Americans keep more of their own money?

Which President Added Most to the U.S. Debt?

Wait until Trump is done, you'll be wishing for Barry's increases.

 

[longknife]

Predictably, liberals here are screaming about how we're gonna "pay for" the $1.4 trillion that the Trump tax cuts are returning to the American people, while they refuse to admit that federal revenue has increased after every major tax cut since the early 1900s.

Well, I would like liberals to explain how we're gonna pay for the $7.9 trillion that Obama added to the national debt. Just to be extra fair, this is not counting Obama's first year, because, technically, it was operating under Bush's last budget (even though Congress jacked up spending in Bush's last year over his objections, even though Obama approved a huge spending boost to the FY 2009 budget right after coming to office, and even though Obama would have added much more debt had it not been for Republican-imposed sequestration). National debt increases by president in dollar amounts and percentages:

Obama: $7.9 trillion/68 percent
Bush Jr.: $5.8 trillion/101 percent
Clinton: $0/0 percent
Bush Sr.: $2.8 trillion/54 percent
Reagan: $1.8 trillion/186 percent

Again, if Obama had not been modestly restrained by a Republican-controlled Congress, he would have added a lot more debt. Without Obama's and the Democrats' pressure for higher and higher spending, spending would have been substantially less after the Republicans took control of Congress.

Presidents didn't used to increase the debt by such large percentages. Debt increases used to be in low double digits or in single digits in terms of the percent of the increase, which is the most important number. Dollar values change over time because of inflation, which is why the percent of the increase is the most important figure:

LBJ: $42 billion/13 percent
JFK: $23 billion/8 percent
Eisenhower: $23 billion/9 percent
Truman: $7 billion/3 percent

So, liberals, how are we gonna pay for the $7.9 trillion that Obama added to the debt? How? Or do you only worry about "paying for" something when it involves letting Americans keep more of their own money?

Which President Added Most to the U.S. Debt?

Oopsie. Aren't we constantly being told by the Dimks and their hang-on media hacks that DJT is the one skyrocketing the national debt?

 

[the other mike]

You mean to pay for Bush's two wars and unprecedented tax cuts during wartime?

You mean the 2 wars that Democrats like Hillary Clinton and Joe Biden voted for and that Obama added to ? Same with the tax cuts and the Patriot Act and the trillion dollar a year police state we allowed them to create ?