USA Budget Deficit continues to increase (cost, dollars, national debt, money)

[PedroMartinez]

Originally Posted by r small

How do you explain the budget surplus at the end of Clintons term? And then after 8 years of W total economic meltdown.

It's really simple, Clinton benefitted by massive tax revenue due to the dot com boom and the influx of capital due to people investing in 401ks.

If you look at spending, it always increased during his years.

Neither party is willing to trim fat or balance the budget.

Saying Clinton was responsible for a surplus is like saying the guy whose uncle died and left him $2 million worked hard to become a millionaire.

[Cruz Azul Guy]

You can split hairs on the budgets during the Clinton administration, but without doubt he is the most fiscally responsible president during my lifetime (I was born during the Reagan years).

[workingclasshero]

Originally Posted by Cruz Azul Guy

You can split hairs on the budgets during the Clinton administration, but without doubt he is the most fiscally responsible president during my lifetime (I was born during the Reagan years).

he was only fiscally responsible because Newt forced him to be

[Cruz Azul Guy]

Originally Posted by workingclasshero

he was only fiscally responsible because Newt forced him to be

Have you read his book “My Life” ?? He was actually quite passionate about fiscal responsibility. It seems hard to believe now but there was actually bi-partisan support during those years for balancing the budget.

[Feltdesigner]

Originally Posted by workingclasshero

he was only fiscally responsible because Newt forced him to be

and? That sounds like a good job any way you spin it.

[Finn_Jarber]

Originally Posted by Beach Sportsfan

https://www.reuters.com/article/us-u...-idUSKCN1U62GS

Faster than expected. But where are all the Tea Party members and budget deficit hawks

We are $747 billion in the hole for the year, and its only July.

[workingclasshero]

Originally Posted by Finn_Jarber

We are $747 billion in the hole for the year, and its only July.

only 2.5 months left in the year.....fy ends sep 30

[michiganmoon]

Originally Posted by Beach Sportsfan

https://www.reuters.com/article/us-u...-idUSKCN1U62GS

Faster than expected. But where are all the Tea Party members and budget deficit hawks

Originally Posted by TBMorgan

hypocrites don't care as long as the POTUS isn't a minority (AA or female)....

Speaking of the Tea Party and hypocrisy - the liberals bashed the Tea Party - then celebrated its demise under Obama - and now smugly ask why it isn't around.

[michiganmoon]

I used January 20th as the start and end date of each year due to when the inauguration is and rounded...that is a lot of losing for a long time.

Annual total debt added, keep in mind that there is spending outside of the "budget" so it is possible to add more debt than what the "budget" adds. Both Bush and Obama criticized off-budget expenses and then of course did it more than the previous guy.


Clinton
8th year $0.02 Trillion

Bush
1st year $0.2 Trillion
2nd year $0.4 Trillion
3rd year $0.6 Trillion
4th year $0.6 Trillion
5th year $0.6 Trillion
6th year $0.5 Trillion
7th year $0.5 Trillion
8th year $1.4 Trillion

Obama
1st year $1.7 Trillion
2nd year $1.7 Trillion
3rd year $1.2 Trillion
4th year $1.2 Trillion
5th year $0.8 Trillion
6th year $0.8 Trillion
7th year $0.9 Trillion
8th year $1.0 Trillion

Trump
1st year $0.5 Trillion
2nd year $1.5 Trillion
3rd year IN PROGRESS - $0.07 Trillion - lot's of expenses coming.

https://www.treasurydirect.gov/NP/debt/current

[Larry Caldwell]

Originally Posted by PedroMartinez

Debt is ALWAYS caused by spending.

Neither party cuts spending.

Debt is also caused by tax cuts.