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Tired of all the winning yet?
- Thread starter berg80
- Start date
- Moderator
- #22
Enormous deficits happen when a Dem is in office?
If you say so, Berg.
They happen regardless of who is in office.
$5 trillion this fiscal year alone. Funny how silent the right is now about this when they bitched and moaned hourly as Obama drove up the debt $9 trillion in 8 years.
U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.www.cnbc.com
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where were you when barry doubled it?
Hmmm. I remember something called a recession being around when Obama first took office. I also remember the deficit numbers coming down the last three years that Obama was in office.
I remember prior to the pandemic, Trump was on track to inflate the deficit to almost 1.2 trillion. Pretty sure Republicans and conservatives have no leg to stand on here.
I also remember the deficit numbers coming down the last three years that Obama was in office.
you either have a bad memory, or are a lying sack. Given your track record here, I’ll go with the latter.
2016 bigger than 2015.
2017 bigger than 2016.
Fiscal Data Explains the National Deficit
Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficitdatalab.usaspending.gov
OK. So I'll concede that you being the broken clock you are is right twice a day. Kinda surprising for all the BS you spout out. So it was the middle years that the deficit came down after Obama was forced to deal with the mess that Bush left.
:max_bytes(150000):strip_icc()/us-deficit-by-year-3306306_final-6fe17db00c73413eb26c0888ba0b5952.png)
US Budget Deficit by Year Compared to GDP, Debt, and Events
The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.
Blaine Sweeter
Diamond Member
- Jul 26, 2019
- 5,203
- 4,709
- 1,930
- Banned
- #24
Where is the Democrat budget demanding spending cuts?U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where is the REPUBLICAN budget demanding spending cuts?
$5 trillion this fiscal year alone. Funny how silent the right is now about this when they bitched and moaned hourly as Obama drove up the debt $9 trillion in 8 years.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where were you when barry doubled it?
Hmmm. I remember something called a recession being around when Obama first took office. I also remember the deficit numbers coming down the last three years that Obama was in office.
I remember prior to the pandemic, Trump was on track to inflate the deficit to almost 1.2 trillion. Pretty sure Republicans and conservatives have no leg to stand on here.
I also remember the deficit numbers coming down the last three years that Obama was in office.
you either have a bad memory, or are a lying sack. Given your track record here, I’ll go with the latter.
2016 bigger than 2015.
2017 bigger than 2016.
Fiscal Data Explains the National Deficit
Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit
OK. So I'll concede that you being the broken clock you are is right twice a day. Kinda surprising for all the BS you spout out. So it was the middle years that the deficit came down after Obama was forced to deal with the mess that Bush left.
US Budget Deficit by Year Compared to GDP, Debt, and Events
The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.www.thebalance.com
After 8 years?
Billy_Kinetta
Paladin of the Lost Hour
- Mar 4, 2013
- 52,766
- 22,196
- 2,320
Love the whining. It's the one things progressives do very well.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
But we all know conservatives will go back to whining on their side of the aisle when a Democrat is in office. Suddenly deficits and debt will matter again. It's magic.
That will be the least of your problems.
Where is the Democrat budget demanding spending cuts?U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where is the REPUBLICAN budget demanding spending cuts?
Maybe if you'd stop trying to fuck Trump over for a minute he'd get to it.
As it is he's constantly dealing with you shitheads....as planned eh?
Dogmaphobe
Diamond Member
Of course.Enormous deficits happen when a Dem is in office?
If you say so, Berg.
They happen regardless of who is in office.
I was just referring to the op.
miketx
Diamond Member
- Dec 25, 2015
- 121,556
- 70,505
- 2,645
- Banned
- #29
Only thing I'm tired of are you vermin leftist thugs burning looting and murdering.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
- Nov 14, 2011
- 120,888
- 65,825
- 2,635
He didn't double it.$5 trillion this fiscal year alone. Funny how silent the right is now about this when they bitched and moaned hourly as Obama drove up the debt $9 trillion in 8 years.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where were you when barry doubled it?
Fiero425
Gold Member
Where were all the deficit hawks during the first two years of this administration. The GOP had both the WH and Congress.
Rhetorical question.....
It's the old double standard of "it's ok if I do it, but not you!" They criticized Obama for the budget, the increase in the Nat'l Debt, playing too much golf, and legislating thru Executive Order! I can't wait to see the nerve of these goofballs to come out critiquing any leadership after what Trump's put this country thru with his irresponsible, criminal behavior, and lack of governance!
Billy_Kinetta
Paladin of the Lost Hour
- Mar 4, 2013
- 52,766
- 22,196
- 2,320
Fuck the National Debt. Full speed ahead.
After all, 80% of the debt is merely transfers between government agencies. Write it off.
After all, 80% of the debt is merely transfers between government agencies. Write it off.
Nostra
Diamond Member
- Oct 7, 2019
- 62,494
- 53,642
- 3,615
Yep, after Republicans got control of Congress.$5 trillion this fiscal year alone. Funny how silent the right is now about this when they bitched and moaned hourly as Obama drove up the debt $9 trillion in 8 years.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where were you when barry doubled it?
Hmmm. I remember something called a recession being around when Obama first took office. I also remember the deficit numbers coming down the last three years that Obama was in office.
I remember prior to the pandemic, Trump was on track to inflate the deficit to almost 1.2 trillion. Pretty sure Republicans and conservatives have no leg to stand on here.
I also remember the deficit numbers coming down the last three years that Obama was in office.
you either have a bad memory, or are a lying sack. Given your track record here, I’ll go with the latter.
2016 bigger than 2015.
2017 bigger than 2016.
Fiscal Data Explains the National Deficit
Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit
OK. So I'll concede that you being the broken clock you are is right twice a day. Kinda surprising for all the BS you spout out. So it was the middle years that the deficit came down after Obama was forced to deal with the mess that Bush left.
US Budget Deficit by Year Compared to GDP, Debt, and Events
The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.
JustAGuy1
Diamond Member
- Aug 18, 2019
- 16,878
- 14,809
- 2,290
$5 trillion this fiscal year alone. Funny how silent the right is now about this when they bitched and moaned hourly as Obama drove up the debt $9 trillion in 8 years.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where were you when barry doubled it?
Hmmm. I remember something called a recession being around when Obama first took office. I also remember the deficit numbers coming down the last three years that Obama was in office.
I remember prior to the pandemic, Trump was on track to inflate the deficit to almost 1.2 trillion. Pretty sure Republicans and conservatives have no leg to stand on here.
Rump is no Conservvtiave and is spending like a drunken saior but your Boy Bambi spent his share. These people ALL work for the same peole and it ain't us.
Barack Obama
President Obama had the largest deficits. By the end of his final budget, FY 2017, his budget deficits totaled $6.781 trillion. That's a 58% increase.
Obama took office during the Great Recession. He immediately needed to spend billions to stop it. He convinced Congress to add $253 billion from the economic stimulus package to Bush’s FY 2009 budget. The American Recovery and Reinvestment Act added another $534 billion over the rest of Obama’s terms.6
In 2010, the Obama tax cut added $858 billion in deficits in its first two years. Federal income decreased due to lower tax receipts from the 2008 financial crisis.
Both Presidents Bush and Obama suffered from higher mandatory spending than their predecessors did. Social Security and Medicare benefits were eating up more of the budget. Health care costs were rising as the American population aged.
In 2010, Obama signed the Patient Protection and Affordable Care Act.7 It sought to reduce health care spending. The Congressional Budget Office and the Joint Committee on Taxation estimated that the legislation would reduce federal deficits by $337 billion between 2017 and 2026.
:max_bytes(150000):strip_icc()/GettyImages-632231338-593f19175f9b58d58ab91c75.jpg)
U.S. Budget Deficit by President
Here are the budget deficits for each president back to Woodrow Wilson. Obama had the highest dollar increase, but Wilson had the biggest percentage rise.
- Apr 1, 2011
- 169,997
- 47,201
- 2,180
They enacted massive increases in spending, moron.If only those Dems didn't enact a big cut in taxes that boosted the deficit. Oh wait...U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Love the whining. It's the one things progressives do very well.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
But we all know conservatives will go back to whining on their side of the aisle when a Democrat is in office. Suddenly deficits and debt will matter again. It's magic.
That will be the least of your problems.
Well if you mean with having to continue to deal with the fallout from the current administration's incompetent response to the virus outbreak, you're right.
berg80
Diamond Member
- Oct 28, 2017
- 14,914
- 12,341
- 2,320
- Thread starter
- #37
Really. How does a strong dollar decrease the amount of money we've borrowed and will borrow to fund the King of Debt's tax cut?Actually, as long as the fed reserve can pay to keep our fiat currency in demand it doesn't matter-
$5 trillion this fiscal year alone. Funny how silent the right is now about this when they bitched and moaned hourly as Obama drove up the debt $9 trillion in 8 years.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
Where were you when barry doubled it?
Hmmm. I remember something called a recession being around when Obama first took office. I also remember the deficit numbers coming down the last three years that Obama was in office.
I remember prior to the pandemic, Trump was on track to inflate the deficit to almost 1.2 trillion. Pretty sure Republicans and conservatives have no leg to stand on here.
Rump is no Conservvtiave and is spending like a drunken saior but your Boy Bambi spent his share. These people ALL work for the same peole and it ain't us.
Barack Obama
President Obama had the largest deficits. By the end of his final budget, FY 2017, his budget deficits totaled $6.781 trillion. That's a 58% increase.
Obama took office during the Great Recession. He immediately needed to spend billions to stop it. He convinced Congress to add $253 billion from the economic stimulus package to Bush’s FY 2009 budget. The American Recovery and Reinvestment Act added another $534 billion over the rest of Obama’s terms.6
In 2010, the Obama tax cut added $858 billion in deficits in its first two years. Federal income decreased due to lower tax receipts from the 2008 financial crisis.
Both Presidents Bush and Obama suffered from higher mandatory spending than their predecessors did. Social Security and Medicare benefits were eating up more of the budget. Health care costs were rising as the American population aged.
In 2010, Obama signed the Patient Protection and Affordable Care Act.7 It sought to reduce health care spending. The Congressional Budget Office and the Joint Committee on Taxation estimated that the legislation would reduce federal deficits by $337 billion between 2017 and 2026.
U.S. Budget Deficit by President
Here are the budget deficits for each president back to Woodrow Wilson. Obama had the highest dollar increase, but Wilson had the biggest percentage rise.
This has already been covered. The deficit came down for three straight years 2013-2015). All the while having to deal with the mess that Bush Jr left behind.
But don't worry, I'm sure when a Democrat is back in you'll go back to caring about deficits and debt.
berg80
Diamond Member
- Oct 28, 2017
- 14,914
- 12,341
- 2,320
- Thread starter
- #39
To be clear, some of the spending due to COVID is needed. At the same time, we wouldn't have had to spend so much if Trump had not completely bungled the initial response.
www.theguardian.com
Notably, the annual deficit was going to exceed $1T even before COVID hit. So this..........https://www.newsweek.com/trump-deficit-debt-cbo-data-obama-1463802
............was always just a bald-faced lie designed to dupe the gullible rubes.
Social distancing a week earlier could have saved 36,000 US lives, study finds
Columbia researchers say early intervention ‘incredibly critical in reducing number of deaths’ and imply US was too slow to react
www.theguardian.com
............was always just a bald-faced lie designed to dupe the gullible rubes.
Nostra
Diamond Member
- Oct 7, 2019
- 62,494
- 53,642
- 3,615
What should Trump have done that he didn’t in response?Love the whining. It's the one things progressives do very well.U.S. budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The clock is ticking for those enormous deficits to matter again. It's what happens when a Dem is in the WH.
But we all know conservatives will go back to whining on their side of the aisle when a Democrat is in office. Suddenly deficits and debt will matter again. It's magic.
That will be the least of your problems.
Well if you mean with having to continue to deal with the fallout from the current administration's incompetent response to the virus outbreak, you're right.
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