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re: National debt tops $22 trillion for the first time as experts warn of ripple effects
Posted on 2/13/19 at 2:09 pm to tigersbb
Posted on 2/13/19 at 2:09 pm to tigersbb
quote:Budgets and spending does get changed during the FY, though. That ARRA was passed in Feb.
In any event the year a President is inaugurated is the prior President's budget until October 1.
1
Posted on 2/13/19 at 2:20 pm to Taxing Authority
quote:
Budgets and spending does get changed during the FY, though. That ARRA was passed in Feb.
Look, I get that Obama should get some responsibility for the 2009 deficit based on ARRA, but let's think hypothetically here. Let's say the Rs controlled Congress. Do you really think we pass a minuscule stimulus package? Probably more tax cuts and somewhat less spending, but I just can't see a situation where we don't have a huge deficit in 2009.
I just think it's disingenuous not to factor in the economic and political realities of the time. Comparing 2009 to 2018 or something. It's just apples to oranges even if you disagree with how things were done by Democrats
As i said earlier, spending increased by over 5% (6%?) just between 2005 and 2006. Republican majorities and president. Well before the economy tanked.
This post was edited on 2/13/19 at 2:24 pm
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