Now that we are closing out another failed republican president it seems like a good time to bring up debt since repubs will no doubt put there fiscally responsible hats back on for us to laugh at. It's clear big debt started with Reagan, the guy tripled the debt. We almost had it under control under Clinton, then Bush messed that up completely. Then Obama inherited the Bush mess and spent a lot, but deficits generally came down after the mess was fixed. Now Trump inherited a strong economy and still increased debt every single year. Last year pre pandemic he managed a trillion dollar deficit during a strong economy, this year he will set a new record by a lot.
Over and over and over republicans support the same policy of cut taxes, increase military spending, and drastically increase debt. And that is what has happened every time they have done it. Reagan did it, Bush did it, and now Trump did it. And repubs stupidly believe the square peg is going to fit the round hole this time.... or are they all that stupid? Many certainly are, but others clearly love the freebies. Heck better than a freebie, trumpers got their military spending and a tax cut! Government is great!
So for the last 40 years we have gotten more and more government and thanks to repubs it costs tax payers less and less. That is a formula for increasing government if I have ever seen one. So laugh whenever a repub claims to be for fiscal responsibility, their policy has clearly lead the way for more and more debt.
History and politics not strong with you is it cum breath?
And yet you can’t deny any of the facts.
Deny what you don't know the facts.
Reagan had to compromise with tippy
Newt is the one who balanced the budget for a few
Fact is that repubs fuel increased spending with tax cuts.
so democrats take no responsibility for their increased spending they just blame republicans for cutting taxes.
got it.
Doesn't it seem to be the rationale that if everyone is to blame then no one is at fault?
Tax payers don’t care about spending because it goes on the credit card and they get tax cuts.
now you're finally getting it
No one cares about the debt.
And it ain't gonna matter before I'm dead so i don't care either
I get it, it’s the point of the OP . Nobody will care till we increase taxes, cuts are making people care less and less.
presidents have increased taxes and still no one cared.
Reagan passed the single largest peacetime tax hike in history and no one cared that he grew the debt
Clinton raised taxes and no one cared that he raised the debt
Bush #1 raised taxes and no one cared that he increased the debt
how can you keep saying that people will care when taxes are raised when they have shown just the opposite?
Deficits decreased under Clinton. Increasing taxes is the only way. You are talking small increases. If taxes increased as much as spending then people would take notice.
no they wouldn't.
because it will never happen.
No politician will ever get elected if he says he's going to increase taxes to cover all spending.
what fantasy land do you call home?
That is the problem. And repubs are worse cause they cut taxes and increase spending.
Biden said he was increasing some taxes and was elected. It’s a start.
Obama extended the Bush tax cuts and increased spending
Extending the cuts means the rate was not changed. Had they expired rates would have increased.
but you said he should have raised taxes to cover all the spending he initiated he didn't and he still doubled the debt
I’m not saying either party is good, just that repubs are worse. Trump quickly increased Obama deficits.
and Obama doubled the debt. Democrat senators and congress men voted for republican tax cuts too you know
you are saying that it's somehow worse to die from getting strangled than getting shot when you wind up dead either way.
what you want will never happen and no democrat will do it just as no republican will.
so when you buy your ticket back to reality let me know
And trump increased Obama deficits. Bad and worse.
you need to do some homework
Republicans always start the cuts.
always?
JFK started cutting the top rate of the income tax
We didn’t have a debt problem then.
That's because we had automatic tax increases then.
And now repubs cut taxes when deeply in debt.
You keep saying that -
You won't answerer my question.
That’s because it is true
You won't understand this, because you are brainless -
A reduction in tax rates - Increases revenue to the Treasury.
Does not lower - has never lowered, has always increased.
Reagan, Bush43, Trump - cut rates, increased revenue.
(that doesn't work to infinity, but it has worked every time so far.)
The trump tax cuts lowered the rate of increase of revenue. Meanwhile Trump drastically increased deficits and nobody cares cause they got a tax cut.
Trump increased the debt by 33% in four years with a pandemic lockdown (prior to lockdown 16%). Even with the lockdown, extrapolated out to eight years, his increase was less than Barry's by 4%. This line of thinking is not logical by any means as too many factors weigh into it anyway--were there any earth-shaking global events, was the presidents party the party of congress? Morons like the OP throw out a bunch of crap looking to make click bait so these narcissists can watch their numbers grow. SMFH--shallow idiots at best.
You are confused. Trump took over and increased Obama’s deficit every single year and gave a tax cut. Nobody cares about debt cause they get a tax cut.
Shallow. You have no concept of economy. Business tax cuts are good for unemployment because it puts more money in the business so that business can hire more employees. More employees equals more taxes. No need to thank me for saving you the cost of the education. BTW, for years you morons have been saying that Trump's middle class tax cuts were fiction. You talk out of both sides of your mouth.
Trump just tried business tax cuts and they failed again. GDP growth went DOWN and he ran a trillion dollar deficit. Giant failure. Do you morons ever learn?
Barack Obama--9T increase in debt. Average deficit over 8 years, 1.125T per year. Try again. This time use some facts and figures not just your whiny garbage. But you say Trump inherited an economy--yeah a failing one. SMFH.
Brain's comments here prove my earlier post, that he lies his ads off and refuses to accept REALITY.
In Bush's 1st 6 years - during 9/11, the economic aftermath, and 2 wars - Bush and the GOP-controlled House added $2.5 Trillion in New debt. In the last 2 year's of Bush's Presidency, The DEMOCRAT-RUN House added $1.5 Trillion in New debt...the Democrats added just $1 Trillion less in only 2 years than Bush and the GOP spent in 6 years.
What arrogant, lying snowflakes like Brain always refuse to accept / mention is that the economy Barry inherited was THE DEMOCRATS' economy, as, again, they controlled the House, spending, the economy, the budget for Bush's last 2 years, the 2 years before Barry took over.
They controlled all of that for Barry's 1st 2 years, racking up debt like mad. Controlling Congress, Barry & the Democrats passed massive spending that included every wet dream pet project they had ... Like 'Shrimp on a Treadmill'...and funded disastrous programs like 'Clash for Clunkers'...
But YES, Barry inherited his own fellow Democrats' deficit-building economy...
For 8 years Barry blamed every failure on Bush...and for 4 years Barry & Democrats have tried to claim credit for Trump's successes...which include accomplishments both Barry & the World said would never happen / see in our lifetime.