- Nov 14, 2011
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Idiot.Wanna talk deficit soaring ? OK. here are the biggest deficit increases (other than the World War II years), over the past 90 years >>The economy was soaring even before the tax cuts. But you know what else soared after the tax cuts?
The Deficit
2009 - 9.8%
2010 - 8.6%
2011 - 8.3%
In contrast, 2017, was 3.4%
Is the U.S. Budget Deficit Really That Bad?
And no, the economy was NOT soaring before the tax cuts. Before the tax cuts was 2016, when the (Obama) economy was sinking.
The total deficit drove the debt up from 20,244,900,016,054 to 21,516,058,183,180
Government - Historical Debt Outstanding - Annual 2000 - 2018
That's a 6.3% increase not 3.4%
On top of which, you're counting FY2009. which started as Bush's budget. And on top of that, you're moronically comparing years while the country was in a massive recession, where millions of jobs were lost, and climbing out of it; with now, where the economy is growing.
And even worse for you rightards -- any increase in debt during strong employment growth and following a tax cut, according to rightwingnuts, should lower the deficit, not drive it up further. This completely and utterly destroys the rightwing myth that tax cuts grow tax revenue.