Budget deficit highest since 2012

[chad3]

Originally Posted by stburr91

Why do dems only care about the deficit when a Republican is president?

Obama decreased our deficits by 2/3.
https://www.politifact.com/truth-o-m...ased-two-thir/

I don't recall a single democrats starting threads about the deficit when Obama was racking up a Trillion dollars a year in debt.

Obama's policies added about $2.2 trillion dollars to our national debt during his 8 years in office.

Obama added $2.7 trillion dollars to our national debt from 2013-2022 by extending 82% of the Bush tax cuts.
Budget Deal Makes Permanent 82 Percent of President Bush

And Obama added $831 billion dollars to our national debt with his 2009 stimulus.
https://en.wikipedia.org/wiki/Americ...nt_Act_of_2009


The other $7 trillion dollars added to our debt during Obama's time in office was caused by the Bush administrations Iraq/Afghanistan wars, GW Bush's tax cuts that took place when Obama first entered office, increased spending by GW Bush (Bush increased spending by 48.6%), and federal subsidies started by GW Bush, ex.ex.

Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits | Center on Budget and Policy Priorities

Report: Wars in Iraq and Afghanistan cost almost $5 trillion so far
https://www.mercatus.org/publication...-george-w-bush
Do Crony Handouts Have a Stranglehold on the GOP?

[chad3]

Originally Posted by Frank DeForrest

This just in: neither team cares unless they are the team out of power.

(R) Ronald Reagan tripled the national debt.
https://mises.org/library/sad-legacy-ronald-reagan-0

(D) Bill Clinton had federal surpluses from 1998-2001.
https://en.wikipedia.org/wiki/1998_U...federal_budget
https://en.wikipedia.org/wiki/1999_U...federal_budget
https://en.wikipedia.org/wiki/2000_U...federal_budget
https://en.wikipedia.org/wiki/2001_U...federal_budget

(R) GW Bush inherited federal surpluses. Bush then turned those surpluses into huge deficits.
Federal Receipt and Outlay Summary | Tax Policy Center
https://ourfuture.org/fact_sheet/ten...enefiting-rich

(D) Barrack Obama reduced our deficits by 2/3.
Barack Obama claims deficit has decreased by two-thirds since taking office | PolitiFact
https://www.washingtonpost.com/news/...=.213da56471f7

(D) Hillary Clinton would have raised our debt to 85%-95% of GDP, while (R) Donald Trump will raise our debt to 105%-145% of GDP.
Promises and Price Tags: A Fiscal Guide to the 2016 Election | Committee for a Responsible Federal Budget

[rebeldor]

Originally Posted by handy99

Anyone who was looking could have seen some of the 2008 crash. Not all. Not the entire economy crashing to nothing. But some of it.

One man predicted virtually the entire thing. Republicans were just too stupid to nominate him.


https://www.youtube.com/watch?v=mnuoHx9BINc



https://www.youtube.com/watch?v=IHNp1wf1T_k

[Frank DeForrest]

Originally Posted by chad3

(R) Ronald Reagan tripled the national debt.
https://mises.org/library/sad-legacy-ronald-reagan-0

(D) Bill Clinton had federal surpluses from 1998-2001.
https://en.wikipedia.org/wiki/1998_U...federal_budget
https://en.wikipedia.org/wiki/1999_U...federal_budget
https://en.wikipedia.org/wiki/2000_U...federal_budget
https://en.wikipedia.org/wiki/2001_U...federal_budget

(R) GW Bush inherited federal surpluses. Bush then turned those surpluses into huge deficits.
Federal Receipt and Outlay Summary | Tax Policy Center
https://ourfuture.org/fact_sheet/ten...enefiting-rich

(D) Barrack Obama reduced our deficits by 2/3.
Barack Obama claims deficit has decreased by two-thirds since taking office | PolitiFact
https://www.washingtonpost.com/news/...=.213da56471f7

(D) Hillary Clinton would have raised our debt to 85%-95% of GDP, while (R) Donald Trump will raise our debt to 105%-145% of GDP.
Promises and Price Tags: A Fiscal Guide to the 2016 Election | Committee for a Responsible Federal Budget

Like I said

[Goodnight]

Originally Posted by chad3

Obama decreased our deficits by 2/3.
https://www.politifact.com/truth-o-m...ased-two-thir/



Obama's policies added about $2.2 trillion dollars to our national debt during his 8 years in office.

Obama added $2.7 trillion dollars to our national debt from 2013-2022 by extending 82% of the Bush tax cuts.
Budget Deal Makes Permanent 82 Percent of President Bush

And Obama added $831 billion dollars to our national debt with his 2009 stimulus.
https://en.wikipedia.org/wiki/Americ...nt_Act_of_2009


The other $7 trillion dollars added to our debt during Obama's time in office was caused by the Bush administrations Iraq/Afghanistan wars, GW Bush's tax cuts that took place when Obama first entered office, increased spending by GW Bush (Bush increased spending by 48.6%), and federal subsidies started by GW Bush, ex.ex.

Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits | Center on Budget and Policy Priorities

Report: Wars in Iraq and Afghanistan cost almost $5 trillion so far
https://www.mercatus.org/publication...-george-w-bush
Do Crony Handouts Have a Stranglehold on the GOP?

I thought congress controlled the budget not the president.


Anyway I do believe that we had some external issues why the deficit increased under Obama, it was called a recession.