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re: The Deficit Has Never Been This High When the Economy Was This Strong

Posted on 8/17/19 at 9:54 am to
Posted by PygmalionEffect
Member since Jul 2012
4834 posts
Posted on 8/17/19 at 9:54 am to
quote:

Barack Obama: Added $8.588 trillion, a 74 percent increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.


2010 - 1.294 trillion impact of Bush's recession
2011 - 1.300 trillion impact of Bush's recession
2012 - 1.087 trillion starting to come out of recession
2013 - 679 billion
2014 - 485 billion
2015 - 438 billion
2016 - 585 billion
2017 - 665 billion

Obama was able to lower the annual deficit during his presidency without the ability to raise taxes on the rich, which he wanted to do but was unable to because of a republican congress. He did institute a small tax on the rich as part of the ACA roll out his second year, an issue that is a big win for democrats in the 2018 blue wave, after 8 years of republicans trying to undermine and kill it.

What has been the trend of Trump's deficit spending so far?

I'm curious.
This post was edited on 8/17/19 at 9:58 am
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 8/17/19 at 9:56 am to
FY 2017 - $672 billion.
FY 2016 - $1.423 trillion.
FY 2015 - $327 billion.
FY 2014 - $1.086 trillion.
FY 2013 - $672 billion.

one of us has bad numbers
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