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Old Yesterday, 09:08 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,379 posts, read 14,102,140 times
Reputation: 6541

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Quote:
Originally Posted by chopchop0 View Post
Fair and balanced .. Finally!

https://www.newsweek.com/fox-news-an...-obama-1451474

Although then-candidate Donald Trump promised in 2016 to eliminate the national deficit if he was elected president, the deficit has actually ballooned significantly since he took office and is projected to grow substantially moving forward. Fox News anchor Chris Wallace confronted acting White House Chief of Staff Mick Mulvaney about this fact Sunday, pointing out that the deficit had begun decreasing under former President Barack Obama before Trump took over.

"After dealing with the Great Recession in his first term, the deficit under Obama dropped by an average of 11 percent a year in his second term," Wallace pointed out to Mulvaney who also serves as Trump's director of the Office of Management and Budget on Fox News Sunday.

"The deficit has increased by 15 percent a year in President Trump's first two years. Under President Trump, our national debt has increased by more than $2 trillion," Wallace continued. He pointed out that estimates project that the amount will "top $4 trillion," if a bipartisan budget supported by the president goes through.
deficits didn't drop under Obama....6 out of 8 years with trillion dollars deficits including his LAST YEAR

10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
difference of 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...........................1.17tr illion 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..............................1.0 7 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..............................32 6 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
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Old Yesterday, 09:08 PM
 
17,198 posts, read 8,712,807 times
Reputation: 9904
Here’s bipartisanship. Just before “recess”, God forbid these jackals do anything but spend
.https://www.realclearpolitics.com/ar...te_140872.html
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Old Yesterday, 09:11 PM
 
Location: Stillwater, Oklahoma
15,056 posts, read 13,388,509 times
Reputation: 4607
Quote:
Originally Posted by Goodnight View Post
Deficits only mattered when we had a black, liberal Kenyan president. Refresh my memory, what were the spending cuts the gop promised in return for the 2017 spending cuts. Deficits come from lack of revenue an spending by the way.

Run some numbers for me where we can pick up $1 trillion Iin spending cuts.
But it's a matter of FACT that Obama was not born in Kenya. Even Trump finally gave up on promoting that falsehood. Why are you still doing it?
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Old Yesterday, 09:14 PM
 
16,865 posts, read 9,158,631 times
Reputation: 6840
Trump should be ashamed, but Obama didn't really lower the deficit.

Obama was a pathological liar that blasted Bush for hiding the true deficit, but spending outside of the budget. Then Obama actually did it more than Bush did.



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
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Old Yesterday, 09:15 PM
 
Location: Central Illinois -
21,661 posts, read 14,424,752 times
Reputation: 14841
Quote:
Originally Posted by StillwaterTownie View Post
But it's a matter of FACT that Obama was not born in Kenya. Even Trump finally gave up on promoting that falsehood. Why are you still doing it?
He's being facetious.
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Old Yesterday, 09:48 PM
 
Location: Minneapolis, MN
6,529 posts, read 12,736,130 times
Reputation: 2972
Quote:
Originally Posted by thecoalman View Post
The debt under Clinton continued to rise. He rode the dot com bubble and the SS surplus and other liabilities which hid deficit spending, the debt under Clinton continued to rise because any SS surplus used for general spending is added to the debt.



The current budget deficit is not masked by any surplus and on top of that they are paying back those IOU's written under the Clinton Administration.
The Clinton administration had a budget surplus in 1999 and 2000 even after removing Social Security from the equation.

https://www.factcheck.org/2008/02/th...under-clinton/
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Old Yesterday, 10:49 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,379 posts, read 14,102,140 times
Reputation: 6541
Quote:
Originally Posted by Cruz Azul Guy View Post
The Clinton administration had a budget surplus in 1999 and 2000 even after removing Social Security from the equation.

https://www.factcheck.org/2008/02/th...under-clinton/
not exactly.... a spent PROJECTED surplus is a deficit

Clinton/Newt had PROJECTED budget surpluses.... but they SPENT THEM


here is the 4 years that they claim had a surplus
Fiscal
Year........ YearEnding.... ..National Debt........ACTUAL Annual budget Deficit

FY1998..... 09/30/1998.... $5.526193 trillion...... $113.05 billion
FY1999..... 09/30/1999.... $5.656270 trillion...... $130.08 billion
FY2000..... 09/29/2000.... $5.674178 trillion...... $17.91 billion
FY2001..... 09/28/2001.... $5.877463 trillion...... $133.29 billion

the national debt rose EVERY YEAR of those PROJECTED surpluses...had their been REAL surpluses, the national debt would have gone down

sorry not a surplus
a budget is a projection.. an estimate




you know you estimated take home is 60k
you budget a 55k worth of spending/bills
you budget a surplus of 5k
then you end up spending 65k due to emergencies, etc
your 5k surplus just turned into a 5 k deficit


that is accounting 101




if Clinton/Newt actually has a surplus, then the debt would have gone down..the interest of the debt IS IN the budget




are you saying a budget WRITTEN IN ADVANCE is the gospel, and NOTHING is EVER spent/saved outside of that written estimate.... if so you need to go back to school

Clinton/newt never had any surpluses.....they had PROJECTED surpluses...but the country SPENT the surpluses...if you project a surplus, then spend more than that surplus... you have a deficit

budgets are best guesses...projections

ie you can say we EXPECT/PROJECT the revenue to be 2 trillion and EXPECT the spending to be 3 trillion...a 1 trillion PROJECTED deficit

or you can say we EXPECT/PROJECT the revenue to be 2 trillion and EXPECT the spending to be 2 trillion...a PROJECTED balanced budget

ie you can say we EXPECT/PROJECT the revenue to be 2.1 trillion and EXPECT the spending to be 1.9 trillion...a 200 billion PROJECTED surplus

and the end of the year all the pluses and minuses are counted.... you can have

ie you can say we EXPECT/PROJECT the revenue to be 2 trillion and the spending to be 3 trillion...a 1 trillion PROJECTED deficit...but revenue rose to 2.2 trillion and we only spent 2.8 trillion...still a deficit but instead of a 1 trillion deficit, now its a 600 billion deficit


you can project a surplus..and have emergencies show up (ie the Mississippi valley flooding...911... etc) and completely blow the surplus to where it becomes a deficit



sorry, but the PROJECTED surpluses of clinton/newt never happened...the debt never got paid, and the debt infact INCREASED


the simple fact is if there had been a surplus, then the debt would have gone down...it didn't


was the BUDGET balanced.....yes

was there a PROJECTED SURPLUS.....yes

was there an actual surplus , once all in's and out's were counted.....NO




so endeth the myth of the Clinton surplus

a spent projected surplus is not a surplus
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Old Yesterday, 11:38 PM
 
50,940 posts, read 26,860,697 times
Reputation: 15969
Quote:
Originally Posted by thecoalman View Post
I'm not trying to justify it but it's still less than half of of what it was under Obama his first few years. Were you complaining then?


It's a fair argument that the exorbitant deficit spending the first few years under the Obama administration was the result of the financial collapse. However you can't then use reductions in the following years to make criticisms of what is occurring under Trump.
Actually, you are trying to justify it. Trying hard too.
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Old Yesterday, 11:50 PM
 
Location: NY
3,988 posts, read 1,019,151 times
Reputation: 2340
Quote:
Originally Posted by chopchop0 View Post
Fair and balanced .. Finally!

https://www.newsweek.com/fox-news-an...-obama-1451474

White House Chief of Staff Mick Mulvaney about this fact Sunday, pointing out that the deficit had begun decreasing under former President Barack Obama before Trump took over.


uhhhh..........yup..............It costs money to finally step up to the plate and put a stop to illegal immigration.

Protecting Sovereignty comes at a cost.
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Old Today, 02:24 AM
 
Location: The 719
14,628 posts, read 22,476,869 times
Reputation: 13911
Quote:
Originally Posted by workingclasshero View Post
deficits didn't drop under Obama....6 out of 8 years with trillion dollars deficits including his LAST YEAR

10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
difference of 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...........................1.17tr illion 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..............................1.0 7 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..............................32 6 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
Well done.

Mulvaney took Chris Wallace to school on his own program like all Republican officials do.

Mulvaney said, "Elections have consequences. When the democrats took back the House, the Republicans knew spending would go up no matter what so they tried to get what they could, money for the Military, for the VA, for existing Republican projects, we got a lot in return."

Chris Wallace is spinning and y'all are deflecting... From what?

Russia Russia Russia!

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