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Actually the deficit was getting better for every year of Obamas last term, and Trumps exploded it. Thats FACTS.
You are a sheep.
I can point to posts where I criticize Trump's fiscal BS, can you do the same for Obama?
The Deficit is how much debt is added in one Fiscal Year. A Fiscal Year runs from October 1st through September 30th of the next year. So Obama had 7 full Fiscal years (as one Fiscal year overlapped with GWB and another with Trump).
Let's look at Obama's 7 full Fiscal Years per official national debt numbers.
Sept. 30th 2010 saw a $1.6 Trillion increase in National Debt over the previous year
Sept. 30th 2011 saw a $1.2 Trillion increase in National Debt over the previous year
Sept. 30th 2012 saw a $1.2 Trillion increase in National Debt over the previous year
Sept. 30th 2013 saw a $0.7 Trillion increase in National Debt over the previous year
Sept. 30th 2014 saw a $1.1 Trillion increase in National Debt over the previous year
Sept. 30th 2015 saw a $0.3 Trillion increase in National Debt over the previous year
Sept. 30th 2016 saw a $1.4 Trillion increase in National Debt over the previous year
The facts show that Obama added more debt in his final full Fiscal Year than George W. Bush did in any of his 7 Full Fiscal Years. Obama's last full Fiscal Year was his 2nd worst fiscal year.
You are a sheep that gets duped by propaganda. You cheered for Obama when he called out Bush and then bahed when he did the same BS tactics.
Trump isn't any better than Obama. Trump is failing our country fiscally.
Last edited by michiganmoon; 03-15-2019 at 07:32 PM..
You are a sheep that gets duped by propaganda. You cheered for Obama when he called out Bush and then bahed when he did the same BS tactics.
Trump isn't any better than Obama. Trump is failing our country fiscally.
Actually, I think we humans know the difference between the largest Recession/Depression in 100 years....and being handed a full house.
Those unfunded wars and BUSH tax cuts and his lack of addressing health care AND the recession and everything else left the biggest mess since FDR took over from the GOP back when.
Dismissing that as some sideline is ridiculous. The die was cast....and Obama and his admin did what they could with what they had.
Trump, on the other hand, was handed much better...and is doing worse with it.
It's as if one dude got 100K to start with, another 10 million. At the end of 10 years the 100K dude has 500K and the 10 million dude has 3 million.
You are telling us the 3 Million dude is as good or better because he has 3 million!
Throwing all these figures around and not talking about how many houses have been taken out of foreclosure, how many TENS OF TRILLIONS of equity was built back up in the markets, etc.....is a bit short sighted.
IMHO, anyway. The very idea that Obama should have been able to wave his hands and wipe away the national disgrace that was the GWB era is ridiculous. Those are multi-decade events and the Trump reign is only likely to add to it.
From the Washington Post: "The federal deficit — the gap between how much the government takes in and how much it spends."'
So the deficit for the Fiscal Year would be how much debt was added over the course of that year.
The "Budget Deficit" focuses on the budget - which leaves out other expenditures not on the "budget" masking the quicker climb in the debt.
You are essentially making up your own definition of "budget deficit."
If you want to give what you are describing your own name, go ahead. But there is a technical, official definition of "budget deficit," so when you're referring to that term, you need to use that term's official definition.
It would be like you, personally, deciding that a mouse is really a squirrel, so that then when people start to talk about mice, you begin describing a rodent with a big, bushy tail. But that isn't what a mouse is. A mouse is a mouse. A squirrel is a squirrel. There are official, technical definitions of both, and you can't just arbitrarily decide that a mouse is a squirrel just for your own, personal convenience.
Stocks?
Fed easing?
Manufacturing?
Car Sales?
Real Estate Starts?
Payback of Deficit/Debt?
Number of uninsured?
Number living week to week?
Predictions for little gain in the market for the next decade?
GDP, even with free money (fed and tax cuts) projected to be 2% in 2019?
Is that all of the indicators or am I missing some?
A fourth report from the Labor Department showed job openings, a measure of labor demand, rose by 102,000 to a seasonally adjusted 7.58 million in January. That was not far from the record high 7.63 million in November. The high level of vacancies suggests a shortage of workers that could further boost wage growth. Annual wage growth in February was the best since 2009.
February 26, 2018 - 25,709.27
March 15, 2019 - 25,848.87
In other words, ZERO returns in over a year.
Trump has RUINED the economy with his deficit/debt ballooning phony tax cuts and tariffs which are bankrupting farmers and sending US exporters/manufacturers out of the country.
Trump is a one-man wrecking crew and always has been.
You are essentially making up your own definition of "budget deficit."
If you want to give what you are describing your own name, go ahead. But there is a technical, official definition of "budget deficit," so when you're referring to that term, you need to use that term's official definition.
It would be like you, personally, deciding that a mouse is really a squirrel, so that then when people start to talk about mice, you begin describing a rodent with a big, bushy tail. But that isn't what a mouse is. A mouse is a mouse. A squirrel is a squirrel. There are official, technical definitions of both, and you can't just arbitrarily decide that a mouse is a squirrel just for your own, personal convenience.
You don't know the term "budget deficit" do you. You keep claiming to know the definitions without stating what they are...for a reason.
Because I am using it correctly and you can't comprehend that there are expenses added outside of the budget. The national debt usually rises quicker than the budget deficit due to off-budget expenses.
You are babbling on and on while ignoring that the national debt is growing quicker than the "budget deficit."
Quote:
Originally Posted by craigiri
Actually, I think we humans know the difference between the largest Recession/Depression in 100 years....and being handed a full house.
Foolish BS.
So the 2008 downturn was worse than the Great Depression that started 79 years beforehand? By some measures the 1970s were worse.
Quote:
Originally Posted by craigiri
Those unfunded wars and BUSH tax cuts and his lack of addressing health care AND the recession and everything else left the biggest mess since FDR took over from the GOP back when.
And what did Obama do with those unfunded wars? He escalated Afghanistan dramatically, bombed twice as many countries as Bush, and continued Iraq for years without really fully closing it out. Libya and Syria he helped create power vacuums while arming moderate rebels that kept turning out to be Al Qaeda and ISIS among other terrorist groups.
Quote:
Originally Posted by craigiri
Trump, on the other hand, was handed much better...and is doing worse with it.
I never said Obama had it easy and I never said Trump had it worse.
You are throwing out Strawman arguments, because I caught you using factually incorrect BS.
Obama was dealt a tough hand. That doesn't change the fact that there are severe fault line in the economy on day 1 of Trump's presidency.
Quote:
Originally Posted by craigiri
Throwing all these figures around and not talking about how many houses have been taken out of foreclosure, how many TENS OF TRILLIONS of equity was built back up in the markets, etc.....is a bit short sighted.
Thanks to QE economics a variation of trickle down economics asset prices are inflated...according to many metrics. This has caused rapid inequality and propped up the asset rich baby boomers at the expense of the asset poor millennials who now feel priced out of purchasing assets.
Inequality according to liberals leads to economic melt downs...inequality grew most over the course of whose 8 years?
Quote:
Originally Posted by craigiri
IMHO, anyway. The very idea that Obama should have been able to wave his hands and wipe away the national disgrace that was the GWB era is ridiculous. Those are multi-decade events and the Trump reign is only likely to add to it.
Nobody said it would be easy. The problem is Obama is Bush-lite.
Obama did the very same accounting gimmicks that he blasted Bush for.
Obama bombed more countries, tried to circumvent congress for his military actions, etc.
Obama renewed the Patriot Act.
...renewed the Bush tax cuts.
...was fine with a regressive Social Security temporary tax cut.
...etc...
P.S. I see Trump as failing as a president - so I don't need you to invent more BS strawman arguments. I just admit reality that he inherited an economy with fault lines.
And that's pretty sad considering how Republican politicians bent over backward to help Obama with the economy.
Heck I remember post after post on C-D during Obama's eight years with Conservatives hoping he would get us back to a booming, robust economy.
Well, you can hope in one hand...
Turtle bridges and Solyndra doesn't fix a broken economy that continually ships jobs and employee bargaining power to China.
We're on the right track now and I hope we stay here.
I'm making money again and the future looks really bright.
Thank you President Trump for making US workers a top priority.
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