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I somewhat agree re Clinton, as I posted previously. He still doesn't gat an 'A' however, since total debt increased on his watch. He gets maybe a B- or C+, but that is better than Bush and Obama's F-.
Again, you have to spin like a tornado to give Obama credit on the debt issue. His deficits only went down because they began at such an ungodly level. He nearly doubled the debt over 8 years, and would have done even worse but for Boehner refusing his demands for more spending.
The deficit was around 1.2 trillion when Obama entered office. It was around 600 billion when he left office. Trump is going to bring back trillion dollar deficits again. Maga!
In Pelosii's first year, spending was bumped up by $.5 trillion. That was the dagger to the heart in terms of the debt. It being DC, once spending goes up, it doesn't go back down. The great recession gets Obama some slack, but not for nearly doubling the debt over 8 years. The Iraq war counted for 3% of federal spending until it ended, 2 years into Obama's first term. Blaming that is like blaming your cell phone bill for your $75,000 credit card balance. And Obama strongly supported the Afghan war(as Senator), so you can't take him off the hook for that.
Again, you fall into the trap of looking through a partisan lens. Bush, Obama, and Trump (so far) have all been disasters on debt. Obama should have cut spending. Instead he worked with Pelosi to skyrocket it, and once Boehner came it, he lobbied with every ounce of power to bump it up even more. See The Price of Politics by Bob Woodward.
You are ignoring the severity of the recession, there was no opportunity to cut spending or increase taxes until around 2014. It was much more than just the wars as I pointed out but the wars ended up costing a few trillion dollars, there was around $1T in stimulus. You are minimizing the impact of the recession.
There is no excuse for Trump increasing the deficit, the increase for 2018 is projected to be $779B more than any of Obama's last 4 years in office. That is unacceptable in this economy.
The Bush taxes increased the deficit, this additional tax cut was totally misguided.
Last edited by Goodnight; 10-18-2018 at 08:21 PM..
The deficit was around 1.2 trillion when Obama entered office. It was around 600 billion when he left office. Trump is going to bring back trillion dollar deficits again. Maga!
Another case of looking past reality. The deficit went down under Obama because it started at such a high level. Over his 8 years, total debt nearly doubled. For the 3rd time, you have to spin like a tornado to give President Obama credit on the debt.
And as an admirer of President Obama, I believe that doing so just plays into GOP hands. By giving credit where he clearly does not deserve it, you obscure those things where he does deserve credit. You set up a 'boy cries wolf' effect.
Another case of looking past reality. The deficit went down under Obama because it started at such a high level. Over his 8 years, total debt nearly doubled. For the 3rd time, you have to spin like a tornado to give President Obama credit on the debt.
And as an admirer of President Obama, I believe that doing so just plays into GOP hands. By giving credit where he clearly does not deserve it, you obscure those things where he does deserve credit. You set up a 'boy cries wolf' effect.
There’s no spinning. The deficit fell by around 50% while Obama was in office. Now the deficit is going back up under Trump, even with a robust economy. That takes some next level stupid to achieve.
You are ignoring the severity of the recession, there was no opportunity to cut spending or increase taxes until around 2014. It was much more than just the wars as I pointed out but the wars ended up costing a few trillion dollars, there was around $1T in stimulus. You are minimizing the impact of the recession.
There is no excuse for Trump increasing the deficit, the increase for 2018 is projected to be $779B more than any of Obama's last 4 years in office. That is unacceptable in this economy.
There is no way to prove how much the recession contributed to the debt. The bottom line is that it nearly doubled during Obama's two terms. He was not successful in controlling the debt.
You know if we excuse Obama, we make it that much easier for Republicans to excuse Trump, and we ensure this problem will not be addressed until it brings about catastrophe.
There’s no spinning. The deficit fell by around 50% while Obama was in office. Now the deficit is going back up under Trump, even with a robust economy. That takes some next level stupid to achieve.
Well this is like the guy who jumps from the top of a 100 floor tower, and as he passes by floor 50, he shouts out "I'm perfectly fine!" Factually, he is accurate. But he is missing the reality.
Well this is like the guy who jumps from the top of a 100 floor tower, and as he passes by floor 50, he shouts out "I'm perfectly fine!" Factually, he is accurate. But he is missing the reality.
The deficit was around 1.2 trillion when Obama entered office. It was around 600 billion when he left office. Trump is going to bring back trillion dollar deficits again. Maga!
EXACTLY!
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