The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

[JonKoch]

The ARRA.

Next question. And spare me some left wing economists twisted analysis that somehow deflects what Obama did. He was the first to carry a trillion dollar deficit.

And there was more than one.

OK less than $1 trillion AND?


Jan 7, 2009 — New Congressional Budget Office figures released Wednesday predict the federal budget deficit will hit $1.2 trillion in 2009.

WOW, 13 DAYS BEFORE OBAMA WAS IN OFFICE? What could've drove that deficit?



Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits Economic Recovery Measures, Financial Rescues Have Only Temporary Impact

 

[JonKoch]

The ARRA.

Next question. And spare me some left wing economists twisted analysis that somehow deflects what Obama did. He was the first to carry a trillion dollar deficit.

And there was more than one.

NOTICE ANYTHING?

 

[mudwhistle]

OR maybe we can just get back to GOOD GOVERNMENT POLICY AND INCREASE TAXES?

Instead of gutting taxes on the richest?

Federal tax revenue has historically averaged around 17%–18% of GDP over the past 50 years, ranging from roughly 14.5% to 20%.

As of early 2026, federal revenue for fiscal year 2025 was approximately 17% of GDP. Revenue peaked near 20% in 2000 (Clinton) and hit lows of 14.6%–14.8% during the 2009–2010 recession (Obama, Thanks Dubya/GOP)


SEEE CLINTON HERE? Then Dubya? Then Obama? Then Cheeto?

CARE TO NOTE WHEN REVENUES GO UP AND WHEN THEY GO DOWN?

View attachment 1238373







CORPORATIONS



View attachment 1238371

Increasing taxes after we discovered that Democrats were ripping us off to the tune of billions of dollars?

Nope. That's just like giving a drug addict a ton of cash to further their habit.

We need to gut spending. No more new taxes.

 

[JonKoch]

The ARRA.

Next question. And spare me some left wing economists twisted analysis that somehow deflects what Obama did. He was the first to carry a trillion dollar deficit.

And there was more than one.

Dec 2007 (PRE Dubya's great recession)


The Economic Consequences of Mr. Bush

The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup.



...Up to now, the conventional wisdom has been that Herbert Hoover, whose policies aggravated the Great Depression, is the odds-on claimant for the mantle “worst president” when it comes to stewardship of the American economy. Once Franklin Roosevelt assumed office and reversed Hoover’s policies, the country began to recover.


The economic effects of Bush’s presidency are more insidious than those of Hoover, harder to reverse, and likely to be longer-lasting. There is no threat of America’s being displaced from its position as the world’s richest economy. But our grandchildren will still be living with, and struggling with, the economic consequences of Mr. Bush.



The Economic Consequences of Mr. Bush Vanity Fair


MAYBE DUBYA ALLOWING THE US HOUSEHOLD DEBT TO DOUBLE IN THE FIRST 7 YEARS, WHILE HE GUTTED US REVENUES AS HE WENT TO 2 UNFUNDED WARS AND GAVE US A MEDICARE EXPANSION (UNFUNDED OF COURSE), WASN'T SUCH A GOOD IDEA?

 

[JonKoch]

Increasing taxes after we discovered that Democrats were ripping us off to the tune of billions of dollars?

Nope. That's just like giving a drug addict a ton of cash to further their habit.

We need to gut spending. No more new taxes.

Got it, you don't care about the debt GOP policy (mostly) created

 

[JonKoch]

Increasing taxes after we discovered that Democrats were ripping us off to the tune of billions of dollars?

Nope. That's just like giving a drug addict a ton of cash to further their habit.

We need to gut spending. No more new taxes.

Bush CEA Chair Mankiw: Claim That Broad-Based Income Tax Cuts Increase Revenue Is Not "Credible," Capital Income Tax Cuts Also Don't Pay For Themselves

Bush-Appointed Federal Reserve Chair Bernanke: "I Don't Think That As A General Rule Tax Cuts Pay For Themselves."


Bush Treasury Secretary Paulson: "As A General Rule, I Don't Believe That Tax Cuts Pay For Themselves."

Bush OMB Director Nussle: "Some Say That [The Tax Cut] Was A Total Loss. Some Say They Totally Pay For Themselves. It's Neither Extreme."


Bush CEA Chairman Lazear: "As A General Rule, We Do Not Think Tax Cuts Pay For Themselves."


Bush Economic Adviser Viard: "Federal Revenue Is Lower Today Than It Would Have Been Without The Tax Cuts."


Bush Treasury Official Carroll: "We Do Not Think Tax Cuts Pay For Themselves."


Reagan Chief Economist Feldstein: "It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."

Feldstein In 1986: "Hyperbole" That Reagan Tax Cut "Would Actually Increase Tax Revenue."

Conservative Economist Holtz-Eakin: "No Serious Research Evidence" Suggests Tax Cuts Pay For Themselves."

 

[markef]

The FELON that said

.Mr. Archer’s testimony was fairly dispassionate. He said he was not aware of any wrongdoing by the elder Mr. Biden

Now why would I need to do that?

Hunter Biden was employed by Burisma a company owned by Mykola Zlochevsky an alleged crook being investigated by Shokin and investigators from other nations. We did not need Devon Archer to tell us that.

 

[markef]

You mean you are on a forum and don't know the majority needs 60 votes in the Senate yo move bills?


YES THE GOP BLOCKED OBAMA'S 2010 ATTEMPT TO INCREASE TAXES ON THE RICHEST

Are you saying the reason Obama did not hike taxes on his wealthy supporters was because he never had the votes to do so yet republicans cut taxes all the time with no problem?

 

[markef]

Cool. Make sure to have Comer get the Biden crime family. Maybe 34 time felon Cheeto could direct his DOJ?

Democrats impeached Trump based on their lie that Trump asked Zelensky to start an investigation into Biden's involvement with Burisma rather than help in concluding the government's investigation into Burisma and Biden. Democrats falsely claimed there had not been any ongoing government investigation into Burisma and its involvement with Biden.

 

[markef]

How does debt increase? Hmm maybe Ronnie, Dubya and GOP policies that don't stop the day the next guy arrives? You know it's policies like UNFUNDED WARS, UNFUNDED TAX CUTS, UNFUNDED MEDICARE EXPANSION, BAD "OVERSIGHT" LIKE CHEERING ON THE BANKSTERS PONZI SCHEME CALLED SUBPRIME HOUSING BUBBLE?


Former Federal Reserve Chairman Alan Greenspan admitted in October 2008 that he made a "mistake" in his ideology that banks could self-regulate to protect shareholders, acknowledging a "flawed" model in his oversight during the subprime mortgage crisis. He called the crisis a "once-in-a-century credit tsunami"



“In the summer of 2003, leaders of the four federal agencies that oversee the banking industry gathered to highlight the Bush administration's commitment to reducing regulation. They posed for photographers behind a stack of papers wrapped in red tape.”


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Democrats stupidly claim the debt can only rise because of republicans but we know where that stupid claim is coming from.

 

[markef]

• Obama Administration: Inflation was relatively low and stable, averaging approximately 1.46% to 1.5% annually.

• Trump Administration (First Term): Inflation averaged approximately 2.1% to 2.46% in the first three to four years (pre-pandemic), which was higher than the Obama average but still historically low.

• Food Prices: Over the long term, food prices were relatively stable under both, with a 5.9% increase under Obama and a 6.1% increase under Trump (as of Oct 2020

Gas prices almost doubled under Biden as inflation all but tripled. Democrats try to hide inconvenient truths that blow apart their rosy pictures of democrat administrations.

 

[JohnDB]

 

[JonKoch]

Hunter Biden was employed by Burisma a company owned by Mykola Zlochevsky an alleged crook being investigated by Shokin and investigators from other nations. We did not need Devon Archer to tell us that.

Yeah, I heard Comer was coming out with the dirt any day now

 

[JonKoch]

Gas prices almost doubled under Biden as inflation all but tripled. Democrats try to hide inconvenient truths that blow apart their rosy pictures of democrat administrations.

Good CULT member, keep up the lies

 

[JonKoch]

Democrats impeached Trump based on their lie that Trump asked Zelensky to start an investigation into Biden's involvement with Burisma rather than help in concluding the government's investigation into Burisma and Biden. Democrats falsely claimed there had not been any ongoing government investigation into Burisma and its involvement with Biden.

Comer has it right? lmaorog You guys couldn't find the truth if it was 6 inches in front of you!

 

[JonKoch]

Are you saying the reason Obama did not hike taxes on his wealthy supporters was because he never had the votes to do so yet republicans cut taxes all the time with no problem?

TAX CUTS

Mechanism: Passed using Congressional reconciliation procedures to avoid a filibuster in the Senate.


THEY COULDN'T USE FOR 2010


Budget reconciliation in 2010 was used to pass significant health reform (ACA) and student loan changes, but increasing taxes through this process is often avoided due to the Byrd Rule. This rule restricts legislation to direct budgetary impacts, requiring a 60-vote threshold in the Senate for any "extraneous" policy changes, such as tax increases that raise long-term deficits or violate jurisdictional rules

 

[markef]

Yeah, I heard Comer was coming out with the dirt any day now

I was reading about the Biden family involvement with Burisma long before the 2016 election.

 

[markef]

I was reading about the Biden family involvement with Burisma long before the 2016 election.

GOVPUB-Y4_G74_9-PURL-gpo145676.pdf

 In early 2015 the former Acting Deputy Chief of Mission at the U.S. Embassy in Kyiv, Ukraine, George Kent, raised concerns to officials in Vice President Joe Biden’s office about the perception of a conflict of interest with respect to Hunter Biden’s role on Burisma’s board. Kent’s concerns went unaddressed, and in September 2016, he emphasized in an email to his colleagues, “Furthermore, the presence of Hunter Biden on the Burisma board was very awkward for all U.S. officials pushing an anticorruption agenda in Ukraine.”  In October 2015, senior State Department officia

 

[markef]

Good CULT member, keep up the lies

Has the democrat war on fossil fuels driven up costs for energy and fuel for poor Americans?

 

[markef]

Comer has it right? lmaorog You guys couldn't find the truth if it was 6 inches in front of you!

Democrats lied when they suggested Trump was asking for Zelensky to dig up dirt on Biden based on unfounded rumors of his involvement with Burisma that democrats claimed was untrue.

GOVPUB-Y4_G74_9-PURL-gpo145676.pdf

 In early 2015 the former Acting Deputy Chief of Mission at the U.S. Embassy in Kyiv, Ukraine, George Kent, raised concerns to officials in Vice President Joe Biden’s office about the perception of a conflict of interest with respect to Hunter Biden’s role on Burisma’s board. Kent’s concerns went unaddressed, and in September 2016, he emphasized in an email to his colleagues, “Furthermore, the presence of Hunter Biden on the Burisma board was very awkward for all U.S. officials pushing an anticorruption agenda in Ukraine.”