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re: Biden claimed on Wednesday that inflation was “skyrocketing” when he took office

Posted on 4/12/24 at 8:02 am to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262334 posts
Posted on 4/12/24 at 8:02 am to
quote:

Trump was spending in an out of control manner before Covid even existed




quote:


The House on Tuesday approved a $1.4 trillion spending package that would stave off a looming shutdown and fund the federal government through September, acting in a burst of bipartisanship just a day before Democrats plan to impeach President Trump.

The legislation would also remove three controversial taxes from the Affordable Care Act, the 2010 law that was a top legislative achievement of President Barack Obama.

The package passed in two pieces, one focused on GOP national security priorities including the Pentagon, the other on domestic agencies dear to Democrats such as the Department of Health and Human Services. The vote on the national security package was 280 to 138. The vote on the domestic agencies was 297 to 120.

The year-end legislative frenzy, which came ahead of the divisive impeachment vote in the House, showed how far both parties have moved since last year, when a spending fight led to a 35-day government shutdown. This time, both parties reverted to a hallowed congressional tradition of embracing an enormous year-end spending bill. Each side made concessions to secure long-sought funding.


quote:

The legislation would add almost $50 billion in new spending, even though the White House and Republicans called for major budget reductions earlier in the year. The package would also strip back parts of the ACA, legislation that many Democrats say serves as a defining moment of the Obama administration. The ACA taxes that were cut, however, were controversial, and even many Democrats opposed them.

All told, the legislation could add more than $500 billion to deficits over the next decade. The deficit — or annual gap between government spending and tax revenue — is expected to eclipse $1 trillion this year and grow in subsequent years unless changes are made.

The spending binge generated predictable finger-pointing, with Republicans defending their demands for increased Pentagon budgets while accusing Democrats of profligacy in funding domestic agencies.


Under Trump, we had zero leadership. None.
This post was edited on 4/12/24 at 8:20 am
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40399 posts
Posted on 4/12/24 at 8:13 am to
Wait, you think a regular government funding bill is excess spending leading to incredible inflation?

quote:

All told, the legislation could add more than $500 billion to deficits over the next decade.


So Trump Bill added an additional $50 billion per year in an annual spending budget around $2 trillion per year?

And you think that was Trump’s part and causing inflation?

Fundamental misunderstanding by you, Roger.
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