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Old 02-13-2018, 06:19 AM
 
2,003 posts, read 1,163,039 times
Reputation: 1949

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Quote:
Originally Posted by nononsenseguy View Post
Except what you people never want to talk about is ...revenue. Revenue will expand just as it did (doubled) after the Reagan tax cuts, and I suspect even more, because of businesses coming back to the U.S.!

What you people never talk about is Reagan raised taxes 11 x during his presidency when those revenues didn’t pan out.
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Old 02-13-2018, 06:36 AM
 
8,341 posts, read 4,321,959 times
Reputation: 11794
Quote:
Originally Posted by michiganmoon View Post
Not sure if you don't have a clue or you are distorting on purpose.

Obama had over 9 trillion in debt added under his watch.

Obama took office in January 2009. The debt was 10.6 trillion. In January 2017 the debt was 19.9 trillion. Thus most claim Obama added 9 trillion to the debt.

Except Bush set the budget for 2009 which added 1.2 trillion to the debt while Obama was in office.

From 2009 to 2017 the deficits from all of Obama’s budgets was 7.9 trillion.
  • Bush’s recession and tax cuts reduced federal income.
  • The cost of SS, Medicare and mandatory programs beyond Obama’s control increased.
  • The war on terror continued in Afghanistan and Iraq.
  • The CBO determined the largest addition to the debt was Obama’s extension of the Bush tax cuts.
  • The next biggest addition was the American Recover and Reinvest Act, tax cuts, unemployment benefits and funded public works projects, all of which stimulated the economy after Bushes’ 2008 crash.
  • Obama went on to increase military spending, slightly more than Bush with did his war or terror.
  • Obama had little or no control over any of this.
  • When taken into account, Obama’s total contribution to the debt via his direct policies was 983 billion between 2009 and 101

Yes, I am totally clueless and full of distortion.
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Old 02-13-2018, 07:07 AM
 
Location: Texas
38,859 posts, read 25,441,085 times
Reputation: 24780
Question A simple question with a straightforward answer:

Quote:
Originally Posted by michiganmoon View Post
Not sure if you don't have a clue or you are distorting on purpose.

Obama had over 9 trillion in debt added under his watch.

He also benefited from the Bush bailouts getting paid back on his watch.

He didn't make any systemic changes that were needed.

The deficit was set to rise dramatically in future years on Obama's last day in office due to ultra low interest rates that would have to eventually rise and growing spending on entitlements.

Obama's last fiscal year saw 1.42 trillion added to the debt.

I am not optimistic on Trump, but Obama failed the budget and did the same deceptive tactics of off budget expenses he blasted Bush for.

Which branch of the federal government controls spending and revenue?

Follow-up question:

Which party has controlled that branch since 2010?

that's all for now.

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Old 02-13-2018, 07:08 AM
 
26,319 posts, read 14,923,428 times
Reputation: 14495
Quote:
Originally Posted by ditchoc View Post
Obama took office in January 2009. The debt was 10.6 trillion. In January 2017 the debt was 19.9 trillion. Thus most claim Obama added 9 trillion to the debt.

Except Bush set the budget for 2009 which added 1.2 trillion to the debt while Obama was in office.

From 2009 to 2017 the deficits from all of Obama’s budgets was 7.9 trillion.
  • Bush’s recession and tax cuts reduced federal income.
  • The cost of SS, Medicare and mandatory programs beyond Obama’s control increased.
  • The war on terror continued in Afghanistan and Iraq.
  • The CBO determined the largest addition to the debt was Obama’s extension of the Bush tax cuts.
  • The next biggest addition was the American Recover and Reinvest Act, tax cuts, unemployment benefits and funded public works projects, all of which stimulated the economy after Bushes’ 2008 crash.
  • Obama went on to increase military spending, slightly more than Bush with did his war or terror.
  • Obama had little or no control over any of this.
  • When taken into account, Obama’s total contribution to the debt via his direct policies was 983 billion between 2009 and 101

Yes, I am totally clueless and full of distortion.
Yes you are full of distortions or you are clueless.

For example, true or false, Obama added spending during the Fiscal Year that overlapped between GWB and his presidencies?

You honestly didn't know that Obama added stimulus spending and more bailout spending in 2009...that you are crediting to Bush?

That is BS.

Obama inherited a mess and made ZERO systemic changes to fix it. Obama is as much of the problem as Bush was. Obama kicked the can down the road instead of solving the mess.

When we make BS excuses for failure to fix problems due to partisan nonsense how does that help the country?



Obama lucked out with the QE Trickle Down on his watch that suppressed interest rates. When interest rates rise to where they had been under Bush's average, that alone will add another 800 billion a year to the deficit.
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Old 02-13-2018, 07:10 AM
 
19,692 posts, read 10,034,106 times
Reputation: 13044
Trump's budget would increase military spending by cutting Medicare, Medicaid, food stamps and section 8 housing vouchers. Right now, food stamps figure out to $1.40 per meal, he would cut that by 25%. He would cut Medicaid back to 2007 levels. Medicare would cut payments to health care providers, making it harder to find doctors to take it.
He also wants to cut spending by the Dept. of Transportation, which would mean LESS spending on infrastructure. He would cut funding for the EPA, law enforcement, a 22.2% cut to the Army Corp of Engineers, which is another cut to infrastructure. etc.
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Old 02-14-2018, 03:59 PM
 
Location: Yucaipa, California
9,894 posts, read 21,967,134 times
Reputation: 6847
Quote:
Originally Posted by Floorist View Post
Trump's budget would increase military spending by cutting Medicare, Medicaid, food stamps and section 8 housing vouchers. Right now, food stamps figure out to $1.40 per meal, he would cut that by 25%. He would cut Medicaid back to 2007 levels. Medicare would cut payments to health care providers, making it harder to find doctors to take it.
He also wants to cut spending by the Dept. of Transportation, which would mean LESS spending on infrastructure. He would cut funding for the EPA, law enforcement, a 22.2% cut to the Army Corp of Engineers, which is another cut to infrastructure. etc.
I agree with the military spending but not with anything else. It is going to hurt ALOT of people, etc. A lot of people would lose food stamps all together. His budget has not been approved as of today so lets wait & see what happens.
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Old 02-14-2018, 04:15 PM
 
34,301 posts, read 15,578,173 times
Reputation: 13053
Democrats and GOP voted and insisted on increased domestic spending. People wanted bipartisanship.

Why are they complaining about it now ?

Get what you want and complain. Don't get what you want and complain. Weird !!!
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Old 02-14-2018, 04:22 PM
 
17,196 posts, read 12,073,044 times
Reputation: 17134
Quote:
Originally Posted by nononsenseguy View Post
Except what you people never want to talk about is ...revenue. Revenue will expand just as it did (doubled) after the Reagan tax cuts, and I suspect even more, because of businesses coming back to the U.S. instead of leaving.

LOL

The 1981 tax cut reduced revenue $208 billion.

Reagan's tax hikes(something his fans seem to forget) of 82, 83, 84 and 87 clawed back $137 billion. 1982 and 1984 tax hikes were the biggest ever in peace time. By the end he had essentially undone his own cut in light of the deficits they were generating.

Reaganomics took us from being the world's largest creditor to the world's largest debtor. Taking our debt from $997 billion to $2.85 trillion. Reagan himself described the debt as the greatest disappointment of his presidency.

He was by far the worst president for the economy.
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Old 02-14-2018, 04:25 PM
 
Location: Texas
37,937 posts, read 17,786,558 times
Reputation: 10366
Quote:
Originally Posted by ditchoc View Post
Trump Quotes
“We will balance the budget without making cuts in Social Security and Medicare.”

“We are going to cut many of the agencies, we will balance our budget, and we will be dynamic again.”

“If we don't take back our money and if we don't, you know, balance up our budget — at least get it damn close and soon — we're not going to have a nation anymore.”

“When you start cutting, you're gonna balance the budget — believe me, you're gonna balance the budget. So we have that.”

“It can be done. . . . It will take place, and it will go relatively quickly . . . . If you have the right people, like, in the agencies and the various people that do the balancing . . . you can cut the numbers by two pennies and three pennies and balance a budget quickly and have a stronger and better country.”

“We can balance the budget very quickly . . . I think over a five-year period. And I don't know, maybe I could even surprise you.”



The truth. Trumps budget doesn’t come close to balancing the budget for the next 10 years, by which time Trump will be long gone.

One more sucker punch from the Don.
It doesn't matter if you don't know where he stands. He doesn't take crap from anyone and that's what matters. Policy sure doesn't seem to matter much.

Granted the Progressive Congress is the problem.

"I have some great people." So it goes from they'll get it done to they didn't get the job done.

The real problem comes about when he has actual power to back up what he's said and he doesn't follow through.
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Old 02-14-2018, 04:31 PM
 
1,705 posts, read 534,511 times
Reputation: 1142
Quote:
Originally Posted by Loveshiscountry View Post
It doesn't matter if you don't know where he stands. He doesn't take crap from anyone and that's what matters. Policy sure doesn't seem to matter much.

Granted the Progressive Congress is the problem.

"I have some great people." So it goes from they'll get it done to they didn't get the job done.

The real problem comes about when he has actual power to back up what he's said and he doesn't follow through.

Progressive Congress?

Are you on medications?


A progressive congress would actually do social programs for the benefit of all Americans. Right now, its doing everything it can for the top 1%.
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