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Old 01-28-2020, 07:42 AM
 
Location: Morrison, CO
34,231 posts, read 18,579,444 times
Reputation: 25802

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Quote:
Originally Posted by DRob4JC View Post
He has slowed the rate of growth...

Obama added almost $10T in 8 years... if you want to blame presidents - as though they have the sole power to create the budgets.

Obama increased the Debt, especially during his first few years more than any previous President COMBINED. The money went to UNUION pay backs for helping him to get elected and other cronies like Solyndra. All for political payback, not "shovel ready jobs" as he promises. The Obama recovery was a Wall Street only recovery, not a main street recovery. People suffered and that is way FOOD STAMP use hit an ALL TIME HIGH under Obama. Finn the dishonest wants to ignore that and just deceive.
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Old 01-28-2020, 07:45 AM
 
13,806 posts, read 9,707,171 times
Reputation: 5243
Quote:
Originally Posted by reed067 View Post
Nearly four years after then-presidential candidate Donald Trump said he would eliminate the federal debt in eight years, the deficit has since risen by more than 16 percent under his presidency.

On Tuesday, attorney George Conway, a frequent Trump critic and husband of White House Special Counsel Kellyanne Conway, pointed out that three years into Trump's first term as president, the national debt increased by $3 trillion, bringing it to over $23 trillion now. Conway cited figures from the National Debt Tweets in his tweet.


https://www.newsweek.com/donald-trum...idency-1483660



But Biden....or anything or anyone else..
He could have just given every American 10,000 dollars. Just think of how that would have stimulated the economy? Hey, maybe that is how he really improved the economy.....by injecting another 3 trillion into it in spending? That guy is a genius. Good thing we have a business man in the white house who know how to leverage debt.
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Old 01-28-2020, 07:46 AM
 
1,881 posts, read 1,010,623 times
Reputation: 1551
Quote:
Originally Posted by Pilot1 View Post
Obama increased the Debt, especially during his first few years more than any previous President COMBINED. The money went to UNUION pay backs for helping him to get elected and other cronies like Solyndra. All for political payback, not "shovel ready jobs" as he promises. The Obama recovery was a Wall Street only recovery, not a main street recovery. People suffered and that is way FOOD STAMP use hit an ALL TIME HIGH under Obama. Finn the dishonest wants to ignore that and just deceive.
And we were in the midst of the worst recession since the 1930's as he got into office thanks to Bush's 2 wars and tax cuts... I'll take what he did over that even being worse..

Trump came in office with a recovering economy and has run it up just as bad when he should be easing up the spending... But nope its increasing still even with Republicans in control..
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Old 01-28-2020, 07:48 AM
 
8,411 posts, read 7,422,948 times
Reputation: 6409
Someone explained Trump's economy perfectly.

"Give me a unlimited credit card and I'll show you a good time too."

That explains his tax cuts for the rich, federal exploding deficit, trade wars etc.
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Old 01-28-2020, 07:50 AM
 
Location: Richmond,VA
3,840 posts, read 3,066,874 times
Reputation: 2825
Quote:
Originally Posted by Pilot1 View Post
Obama increased the Debt, especially during his first few years more than any previous President COMBINED. The money went to UNUION pay backs for helping him to get elected and other cronies like Solyndra. All for political payback, not "shovel ready jobs" as he promises. The Obama recovery was a Wall Street only recovery, not a main street recovery. People suffered and that is way FOOD STAMP use hit an ALL TIME HIGH under Obama. Finn the dishonest wants to ignore that and just deceive.

The Obama economy was a train wreck, only disguised from the 2008 real estate crisis where the economy had no place to go but up, starting in 2009. But Obama did manage to make his union buddies happy.
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Old 01-28-2020, 07:56 AM
 
Location: Florida
76,971 posts, read 47,629,107 times
Reputation: 14806
Quote:
Originally Posted by Volobjectitarian View Post
All spending and revenue belongs to the House. Every penny.

No spending and revenue belongs to the President. Not one penny.
Quote:
Originally Posted by Finn_Jarber View Post
According to this, the GOP held the house form 2010-2018 and the debt increased $10 trillion, and every penny is their responsibility.

Like Rand Paul said, when GOP is in power, there is no conservative party in US.

In the other hand: Impoundment is an act by a President of the United States of not spending money that has been appropriated by the U.S. Congress

I don't recall that happening in recent history.
Quote:
Originally Posted by Pilot1 View Post
Finn the dishonest wants to ignore that and just deceive.
Deceive about what?

How can you pretend the raise in debt is slowing, when the exact opposite is happening?

Heck, this is supposed to be the "best economy in history of mankind", so why are we racking up trillions in debt as opposed to paying it off?
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Old 01-28-2020, 08:30 AM
 
Location: North Central Florida
6,218 posts, read 7,729,420 times
Reputation: 3939
Quote:
Originally Posted by Finn_Jarber View Post
Deceive about what?

How can you pretend the raise in debt is slowing, when the exact opposite is happening?

Heck, this is supposed to be the "best economy in history of mankind", so why are we racking up trillions in debt as opposed to paying it off?
Money IS debt. Debt IS money. If all debt were paid off, there would be no money. That's built into the fractional "federal" reserve system.

The key is what the debt instrument is utilized for. Idiotic things like Solyndra for instance, vs. security, infrastructure, trade, profitable business, etc. creates a self sustaining, healthy environment. Trump has shown masterful application of the proper leveraging of the "debt". 0bama, not so much.


CN
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Old 01-28-2020, 08:34 AM
 
Location: Long Island
32,816 posts, read 19,483,709 times
Reputation: 9618
Quote:
Originally Posted by zach_33 View Post
clinton and obama both did better than bush or trump on that account, but for candidate - sanders
Clinton nearly doubled the debt from 3.1t to 5.7t


Obama doubled the debt from 10.4t to 20t




Sanders M4A will cost 5t annually in new deficit spending .. Sanders/warren will add 52t in a ten year period
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Old 01-28-2020, 08:39 AM
 
20,955 posts, read 8,674,856 times
Reputation: 14050
30 Trillion is right around the corner and, in fact, fixed in law due to "tax reform".

Most of this happened since - and as the result of - the appointment of GWB.

To castigate one POTUS for having to pay the bills that a former Congress and POTUS built up is foolish.

Repeat after me
WAR
Failure to address health care
tax cuts from deficit

To those we could add some smaller things but they don't really count. Those three add up to a good 5 Trillion a year or more...or, as working class above would say it "50 trillion over ten years"
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Old 01-28-2020, 08:41 AM
 
Location: Long Island
32,816 posts, read 19,483,709 times
Reputation: 9618
Quote:
Originally Posted by jbtornado View Post
And we were in the midst of the worst recession since the 1930's as he got into office thanks to Bush's 2 wars and tax cuts... I'll take what he did over that even being worse..

Trump came in office with a recovering economy and has run it up just as bad when he should be easing up the spending... But nope its increasing still even with Republicans in control..
the recession was do to globalist liberal policies..2 specifically ...eased mortgage rules from 1995, which started the Clinton housing bubble... and not so 'free' trade agreements like NAFTA and her 23 sisters, including Senator Obamas freetrade with Oman... then you add on the straw that broke the economy's back of the democrats raising the min wage in 07/09
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