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re: So Democrats care about the deficit now?

Posted on 9/28/17 at 8:51 am to
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 9/28/17 at 8:51 am to
quote:

Well, one approach leads to a future of reducing the national debt

The other leads to exponential increases in national debt.


Please share with us the last tax cut that led to a reduction in debt?
Posted by Bunyan
He/Him
Member since Oct 2016
20828 posts
Posted on 9/28/17 at 8:53 am to
You gave plenty of talking points that are irrelevant. Slowly and carefully read the OP again, maybe you'll understand the simplicity of my statement.

If I wanted to give you basic economic termonlogy, maybe I would have put that in there (I didnt). That wasn't the point.

Pointing out hypocrisy is a simple and basic concept.
Posted by frogtown
Member since Aug 2017
5012 posts
Posted on 9/28/17 at 8:54 am to
2008 the deficit was around 400 billion. Obama's first year 2009 the deficit was almost 1.5 trillion because of Obama's recovery plan that produced no recovery. The deficit has been coming down since then but it has had no where to go but down.
This post was edited on 9/28/17 at 8:59 am
Posted by TX Tiger
at home
Member since Jan 2004
35632 posts
Posted on 9/28/17 at 8:56 am to
quote:

The only politician the in my lifetime to genuinely care about the deficit is Ron Paul. Everyone else in D.C. is going to spend us into destruction.
The only politician in my lifetime to genuinely care about America is Ron Paul.
Posted by AUbused
Member since Dec 2013
7771 posts
Posted on 9/28/17 at 8:57 am to
You mean the hypocritical OP that places the blame on democrats when it could just as easily be framed to highlight the fact that the GOP is going to increase the deficit by 3T?

You are part of the problem.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 9/28/17 at 8:58 am to
quote:

but wouldn't a booming economy pay for those cuts

no
Posted by TigahFrosh
Member since Sep 2017
133 posts
Posted on 9/28/17 at 8:59 am to
quote:

You gave plenty of talking points that are irrelevant. Slowly and carefully read the OP again, maybe you'll understand the simplicity of my statement.


You very clearly don’t understand the difference between the debt and the deficit. As a result, the claims of your post are verifiably false (e.g. deficit doubling under Obama).

Your post is simple alright. Simple, ignorant, and wrong.
Posted by roadGator
Member since Feb 2009
140464 posts
Posted on 9/28/17 at 9:00 am to
quote:

Thirdly, the debt grew under Obama, but not disproportionately compared with other modern presidents.


Hmmmmm...

Neat wording but not the whole story.

Tripling 1 million vs Tripling 1 trillion. (not actual numbers don't feel like looking them up)

Proportionally equal

Not equally devasting.
This post was edited on 9/28/17 at 9:01 am
Posted by Bunyan
He/Him
Member since Oct 2016
20828 posts
Posted on 9/28/17 at 9:03 am to
quote:

You are part of the problem

By accurately and logically pointing out hypocrisy? From what I know, the GOP tax plan or details haven't been passed or released yet, prompting me not to jump to conclusions. If what is passed increases the deficit, I'll call it out, but a booming economy should pay for the cuts.

Stay ignorant!
Posted by Bunyan
He/Him
Member since Oct 2016
20828 posts
Posted on 9/28/17 at 9:08 am to
quote:

Simple, ignorant, and wrong.

Like Democrat policy? I'd like for you to try and point out where Democrats cared about Obama's spending in 8 years. The OP's point is to point out the blatant hypocrisy of pretending to care about the middle class. Sad you don't recognise that, but unfortunately it doesn't surprise me
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 9/28/17 at 9:10 am to
Democrats believe in static scoring bs to stop everything
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24656 posts
Posted on 9/28/17 at 9:10 am to
quote:

Republicans no longer care about the deficit.


Republicans solution to the deficit was never increased taxation.

Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 9/28/17 at 9:24 am to
quote:

Democrats believe in static scoring bs to stop everything

accurate

and many republicans want to assume wild growth assumptions so everything pays for itself

Posted by TheFinalWord
New Smyrna Beach, FL
Member since Nov 2008
2347 posts
Posted on 9/28/17 at 9:25 am to
quote:

So after 8 years of doubling the deficit under Obama (with no pushback), Democrats are now all of a sudden fiscal hawks?



Barack Obama increased the national debt by 68% over that left by George Bush. In comparison Ronald Reagan increased the national debt by 186% over Jimmy Carter. In fact Republicans have historically increased the national debt by a much greater percentage than have democrats. The one exception was Franklin Roosevelt, who increased the national debt by over 1000%. The reason for this doesn't need an explanation.
Posted by AUbused
Member since Dec 2013
7771 posts
Posted on 9/28/17 at 10:14 am to
quote:

In fact Republicans have historically increased the national debt by a much greater percentage than have democrats.


But dat economic growth tho!!!
Posted by TigahFrosh
Member since Sep 2017
133 posts
Posted on 9/28/17 at 10:24 am to
quote:


Like Democrat policy? I'd like for you to try and point out where Democrats cared about Obama's spending in 8 years. The OP's point is to point out the blatant hypocrisy of pretending to care about the middle class. Sad you don't recognise that, but unfortunately it doesn't surprise me


During Obama’s eight years as president, part of which the Dems controlled both Houses, most of which they controlled the Senate, they steadily reduced the deficit.

Now, a Republican President, Senate, and House want to take actions that will increase the deficit, completely reversing the trend of deficit reduction that theyve accomplished in the past 8 years, and you say its hypocritical for Dems to oppose that...

I’ve spelled it out for you multiple times now. I originally thought the problem was just that you didn’t understand economics or even simple finances, but it seems reading comprehension may be your more fundamental deficiency. Still, you seem to be able to form nearly complete thoughts at least some of the time, so I’m sure if you spend an hour or so googling words like “deficit”, “debt”, “budget”, “expenses”, “revenue”, and maybe throw “hypocrisy” in there too since you seem to struggle with that one as well, you’ll be able to figure out how the claims of your original post are based on ignorance.

Congratulations, you have an opportunity to improve yourself and your understanding of the world, and with only minor effort! I’m happy for you, friend. Godspeed!
This post was edited on 9/28/17 at 10:25 am
Posted by frogtown
Member since Aug 2017
5012 posts
Posted on 9/28/17 at 10:35 am to
quote:

During Obama’s eight years as president, part of which the Dems controlled both Houses, most of which they controlled the Senate, they steadily reduced the deficit.



You need to put this in context dude. Obama "blew out" the deficit in 2009 to the tune of 1.4 trillion. In 2008 the deficit was around 400 billion.

The increase in 2009 was because of Obama's recovery plan which didn't lead to recovery. Obama had the lowest GDP growth rate of any President modern era.

So when you start off with a deficit of 1.4 trillion, of course, YOU HAVE NO WHERE TO GO BUT DOWN.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67488 posts
Posted on 9/28/17 at 10:42 am to
quote:

But that's not going to stop the geniuses on this board from blaming the "other" side

Most people here blame everybody
Posted by TigahFrosh
Member since Sep 2017
133 posts
Posted on 9/28/17 at 12:28 pm to
quote:

The increase in 2009 was because of Obama's recovery plan which didn't lead to recovery.


Wrong. The 2009 fiscal year began in October 2008. The CBO projected deficit for 2009 was well over $1 Trillion before Obama ever took office or any stimulus package was implemented. Don’t believe me? Ask the hyper conservative CATO institute. LINK

Obama inherited a $1 Trillion + deficit and brought it back down to
2008 comparable levels.

Now Republicans are proposing actions that will blow it right back up again.

Clinton inherited a government that was running $500 billion deficits and he handed down a government that was running a fricking surplus. Bush inherited a government running a surplus and handed down a government running a Trillion dollar deficit. Obama inherited a trillion dollar deficit and brought it down to the ~$600 Billion that is this year (up very slightly from last year). Now Trump wants to run it right back up.
This post was edited on 9/28/17 at 12:29 pm
Posted by BBONDS25
Member since Mar 2008
48324 posts
Posted on 9/28/17 at 12:29 pm to
What was the cumulative deficit increase for the Obama years?


That's what I thought.
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