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Old 08-15-2018, 01:08 PM
 
17,751 posts, read 15,639,452 times
Reputation: 6391

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Quote:
Originally Posted by James Bond 007 View Post
I never said my politics were on the left. My politics are all over the place, frankly.

Apparently they are . You have a nice neoliberal, feudalism economic policy there.
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Old 08-15-2018, 01:22 PM
 
Location: Kansas City, MISSOURI
9,013 posts, read 2,726,253 times
Reputation: 6945
Quote:
Originally Posted by gwynedd1 View Post
Apparently they are . You have a nice neoliberal, feudalism economic policy there.
I'm not quite sure how anyone could get a reading on what my economic philosophy is by reading the first post.
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Old 08-15-2018, 01:48 PM
 
Location: Crooklyn, New York
28,248 posts, read 26,220,119 times
Reputation: 11701
Quote:
Originally Posted by Malloric View Post
Of course.That's partisanship for you where anything that might resemble logic is thrown straight out the window. It occurs on both sides. The levels of blind partisanship were almost as bad under Obama as they were with Trump and almost as bad under Bush as they were under Obama. We're just sinking farther and farther down the rabbit hole.
That's clearly not true. Democrats as a whole are much more empirically-driven than Republicans. There's a much greater fidelity to what are perceived to be quality public policy outcomes as opposed to simply winning or defeating the other side. That's why it took nearly one year to secure passage of the ACA. Republicans passed a $1.5 trillion tax cut after the Republican-controlled Joint Committee on Taxation concluded that the bill would not come close to doing what they said it would, yet they passed the bill within a few weeks time anyway.

People need to give the "both sides" thing a rest. It's almost propaganda at this point.
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Old 08-15-2018, 02:14 PM
 
Location: Crooklyn, New York
28,248 posts, read 26,220,119 times
Reputation: 11701
Quote:
Originally Posted by workingclasshero View Post
false the deficit for fy 16 was 1.4 trillion

actually his first year it was 1.6 trillion (shared bush/Obama)...his last year was 671 billion shared Obama/trump

10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17 trillion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two full years under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.07 trillion deficit fy14


10/01/2014................................. 17,824,071,380,733.82
09/30/2015................................. 18,150,617,666,484.33
326,546,285,750.51..............................326 billion deficit fy15...the second less than trillion



10/01/2015................................. 18,150,617,666,484.33
09/30/2016.................................19,573,444,71 3,936.79
1,422,827,047,452.46.............................. 1.42 trillion deficit fy16


10/01/2016.................................19,573,444,71 3,936.79
09/30/2017.................................20,244,900,01 6,053.51
671,455,302,117...........................… 671 billion deficit fy17 (fy17 is a shared Obama/trump)

10/01/2017.................................20,244,900,01 6,053.51
today 8/11/18...…………………….21,342,180,438,050.36 (trump already over a trillion) but only 47 days left in this FY

so of the last 9 years only 3 will have been under a trillion


the shrub, obozo, tRump...all the same..... and hitlery would have been worse
Deficits and the national debt are related but they are not the same thing.

A deficit is just that... a deficit. That means the federal government spends more than it takes in. That in fact *did* shrink under Obama.

You are talking about the national debt, or the total debt owed by the public, which is more than simply the amount of federal expenditure. Most of the national debt is the result of treasuries and other financial instruments held by state and local governments, corporations and foreign governments. The POTUS and Congress have little to do with that.
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Old 08-15-2018, 05:50 PM
 
11,371 posts, read 7,343,866 times
Reputation: 4523
Quote:
Originally Posted by Fleet View Post
And Republicans were in control of Congress in 2016 but not in 2009.
Republicans control all of DC right now and the deficit is growing again even without the economy being in recession. That’s just irresponsible.
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Old 08-15-2018, 06:54 PM
 
8,878 posts, read 3,929,136 times
Reputation: 1720
Quote:
Originally Posted by Winter_Sucks View Post
Republicans control all of DC right now and the deficit is growing again even without the economy being in recession. That’s just irresponsible.
Not IMO. The working middle class is certainly not flush right now. Inflation is still nominal. We could use some wage inflation. I don't see the rich giving up more. And tariffs will cause too much harm here, and not enough timely benefit there.

Infrastructure and HC are two majorly good reasons for more money.
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Old 08-15-2018, 06:57 PM
 
Location: Long Island
32,942 posts, read 13,911,625 times
Reputation: 7002
Quote:
Originally Posted by Hoonose View Post
Not IMO. The working middle class is certainly not flush right now. Inflation is still nominal. We could use some wage inflation. I don't see the rich giving up more. And tariffs will cause too much harm here, and not enough timely benefit there.

Infrastructure and HC are two majorly good reasons for more money.
They should have used this money for infrastructure rather than a corporate tax break, it would have created jobs and increased our economy.
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Old 08-15-2018, 06:58 PM
 
Location: Boston
7,800 posts, read 2,272,799 times
Reputation: 5558
yawn ....


Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $787 billion by cutting taxes, extending unemployment benefits, and funding public works projects.

The Obama tax cuts added $858 billion to the debt in two years. Obama's budget increased defense spending to between $700 billion and $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis. He also sponsored the Patient Protection and Affordable Care Act. It was designed to reduce the debt by $143 billion over 10 years.
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Old 08-15-2018, 07:58 PM
 
Location: Long Island
32,942 posts, read 13,911,625 times
Reputation: 7002
Quote:
Originally Posted by skeddy View Post
yawn ....


Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $787 billion by cutting taxes, extending unemployment benefits, and funding public works projects.

The Obama tax cuts added $858 billion to the debt in two years. Obama's budget increased defense spending to between $700 billion and $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis. He also sponsored the Patient Protection and Affordable Care Act. It was designed to reduce the debt by $143 billion over 10 years.
Other than your figures being off did you know that congress is responsible for the budget not the president.
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Old 08-15-2018, 09:12 PM
 
8,878 posts, read 3,929,136 times
Reputation: 1720
Quote:
Originally Posted by Goodnight View Post
They should have used this money for infrastructure rather than a corporate tax break, it would have created jobs and increased our economy.
Lower taxes always a good thing. More money creation is another matter and usually a good thing.
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