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Posted on 9/11/18 at 8:55 pm to Dale51
quote:Dang. You seem really upset about this.
It took over 200 years to get to the first 10 trillion in the hole. That slimy, life long, anti American, communist homz, doubled it in 8 years. 8 fickin' years. Ya...Obama was really good for America.
Perhaps this Forbes article from Jan2018 will make you feel better. The title is: Don't Blame Obama For Doubling The Federal Deficit. LINK
Let me know what you think about it.
This post was edited on 9/11/18 at 10:44 pm
Posted on 9/11/18 at 9:35 pm to VOR
You and that genius Tex have it all figured out don’t you. Well just let us all in on it when you get the opportunity. The very thing you espouse your adversary of doing, you willingly do yourself and you are so myopic you can’t see it. Funny as hell sport!
Posted on 9/11/18 at 10:21 pm to VOR
I see an Economy that’s on fire bro!
Obama didn’t build that!
Obama didn’t build that!
Posted on 9/11/18 at 10:46 pm to Dale51
Since I know you won't read the article that I linked above, let me summarize it for you:
THREE Republican presidents had larger average annual debt increases than Obama -- both Bushes and Reagan.
Reagan
Started Presidency: $965 billion
Ended Presidency: $2.74 trillion
Increased 184% or 13.9% per year
H.W. Bush
Started Presidency: $2.74 trillion
Ended Presidency: $4.23 trillion
Increased 54% or 11.5% per year
George W. Bush
Started Presidency: $5.77 trillion
Ended Presidency: $11.1 trillion
Increased 93% or 8.5% per year
Obama
Started Presidency: $11.1 trillion
Ended Presidency: $19.85 trillion
Increased 78% or 7.5% per year
President Obama’s debt actually grew at a slower annual rate than any of the Republican presidents even though there were events that negatively impacted the deficit that started before he became President. The Great Recession is the biggest of them as can be seen in the yearly deficit numbers.
Just thought you'd like to know.
THREE Republican presidents had larger average annual debt increases than Obama -- both Bushes and Reagan.
Reagan
Started Presidency: $965 billion
Ended Presidency: $2.74 trillion
Increased 184% or 13.9% per year
H.W. Bush
Started Presidency: $2.74 trillion
Ended Presidency: $4.23 trillion
Increased 54% or 11.5% per year
George W. Bush
Started Presidency: $5.77 trillion
Ended Presidency: $11.1 trillion
Increased 93% or 8.5% per year
Obama
Started Presidency: $11.1 trillion
Ended Presidency: $19.85 trillion
Increased 78% or 7.5% per year
President Obama’s debt actually grew at a slower annual rate than any of the Republican presidents even though there were events that negatively impacted the deficit that started before he became President. The Great Recession is the biggest of them as can be seen in the yearly deficit numbers.
Just thought you'd like to know.
Posted on 9/11/18 at 11:31 pm to RockyMtnTigerWDE
quote:
That voodoo article is all great until you really break it down as this article did to debunk that funk you posted.
You posted a 2012 Forbes article to refute the Forbes article I posted that was written in 2018.
How exactly does your 2012 article refute discussions of deficits that hadn't even occurred.
Kind of slow on the uptake, aren't you.
Posted on 9/12/18 at 8:21 am to texridder
quote:Those numbers factor in BOTH TARP and the Stimulus FY09 expenditures into the final Bush budget. The attributions run $450 Bn.
George W. Bush
Started Presidency: $5.77 trillion
Ended Presidency: $11.1 trillion
Increased 93% or 8.5% per year
Obama
Started Presidency: $11.1 trillion
Ended Presidency: $19.85 trillion
Increased 78% or 7.5% per year
TARP was a loan.
$310Bn was distributed in FY09.
That $310Bn was ENTIRELY REPAID during the Obama Administration.
Counting TARP as a W deficit while discounting Obama deficits via the repayments is statistical defalcation. Obviously, counting Obama's stimulus within Bush's Budget is ridiculous.
Put another way, understanding TARP was revenue neutral, the increased GWB final year deficit was driven by revenue decline, not expenditure increase. Y2Y revenue declined $419Bn. Juxtaposed with a $458Bn FY08 deficit real numbers approximate a $900Bn deficit in Bush's final yr. Yet your data attributes a $1.42Tn deficit to Bush in FY09. The remaining ~$500 was Obama's ($310 in TARP repayments attributed as Obama "revenue", $190Bn in stimulus costs).
The accounting, the same accounting leading to the phone numbers you cite, require that W spending suddenly jumped nearly 20%, or $536Bn, from $2.982T in '08 to $3.518T in '09. That did not happen.
Posted on 9/12/18 at 8:27 am to NC_Tigah
None of that is to discount the impotence of either Bush in dealing with Congressional spending, they were equally ineffective. But the Obama revisionist/apologist crap is simply sickening.
Shifting the Bush-Obama transition debt from $11.1T back to the more accurate $10.6T puts Obama's debt growth at 88% and W's at 83%.
Of course, there were also games played with "freezing" the debt at the end of Obama's tenure which these numbers don't even address.
Shifting the Bush-Obama transition debt from $11.1T back to the more accurate $10.6T puts Obama's debt growth at 88% and W's at 83%.
Of course, there were also games played with "freezing" the debt at the end of Obama's tenure which these numbers don't even address.
This post was edited on 9/12/18 at 8:37 am
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