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Started By
Message
re: The Deficit Has Never Been This High When the Economy Was This Strong
Posted on 8/17/19 at 8:32 am to Friedbrie
Posted on 8/17/19 at 8:32 am to Friedbrie
Obama increased spending on Social Programs out the wazoo. From Bureaucratic hires, to all manner of giveaways to the poor...citizens and non-citizens alike. Do you wonder why the Budget is now passed in a lump-sum version..."Omnibus" style? It's because if all the Budgetary DETAILS were to be openly exposed and accounted for...they'd never be approved, as in any way sustainable (as you point out).
Add in the Military spending necessary to address the growing high-tech threats from China, Iran, NK and Russia, and the necessary Infrastructure spending coming down the pike...and it's all bets off for any kind of traditional Budgetary sanity.
The Dems want the whole System to crash, because they know that ONLY the Government (Centrally-planned version) would be able to step into the vacuum that collapse and anarchy would produce. Tradition Republicans...are essentially powerless to change or avert the spending hegemony; what, they will fire all the Obama Bureaucratic hires, take the free phones, etc. away, limit access to healthcare (Medicare) and manhandle/ship all those poor Immigrants out of the country.
This spending ship has sailed. There is no turning back. Having little to no real understanding of basic economic principles other than observing the historical examples of unwise monetary policy, I have zero cred to offer any logical opinion.
I did read a Book called "Abundance", which factored into the monetary equation the possible effects of High Tech, on assumed Unfunded Mandates. It was written by one of Hillary's people, young guy, smart, optimistic and I believe, worthy of consideration for the ideas he presented. I hope he is right. If we can avert societal monetary collapse into anarchy and calamity...the sky is the limit for heretofore unimagined prosperity.
Add in the Military spending necessary to address the growing high-tech threats from China, Iran, NK and Russia, and the necessary Infrastructure spending coming down the pike...and it's all bets off for any kind of traditional Budgetary sanity.
The Dems want the whole System to crash, because they know that ONLY the Government (Centrally-planned version) would be able to step into the vacuum that collapse and anarchy would produce. Tradition Republicans...are essentially powerless to change or avert the spending hegemony; what, they will fire all the Obama Bureaucratic hires, take the free phones, etc. away, limit access to healthcare (Medicare) and manhandle/ship all those poor Immigrants out of the country.
This spending ship has sailed. There is no turning back. Having little to no real understanding of basic economic principles other than observing the historical examples of unwise monetary policy, I have zero cred to offer any logical opinion.
I did read a Book called "Abundance", which factored into the monetary equation the possible effects of High Tech, on assumed Unfunded Mandates. It was written by one of Hillary's people, young guy, smart, optimistic and I believe, worthy of consideration for the ideas he presented. I hope he is right. If we can avert societal monetary collapse into anarchy and calamity...the sky is the limit for heretofore unimagined prosperity.
1
Posted on 8/17/19 at 8:34 am to Geauxst Writer
quote:
Pygmalion has a solid post here based on fact in which Obama actually did a credible job
wrong see my post above. oh you are claiming obama tard created some jobs after he hit rock bottom? he still never got them back or exceeded where they were before recession. his economic policies were shite. i have laid many out above. you cannot deny any of them. look them up. when trump doubles the deficit like W and obama let me know, until then STFU economic idiot left winger.
quote:
I am not a Democrat
quote:
and conservative on others.
Posted on 8/17/19 at 8:40 am to Fat Bastard
Fat Bastard assigns the 2009 budget deficit to Obama
you know, because Obama was POTUS in 2009.
You're such a brainwashed dumbass.
you know, because Obama was POTUS in 2009.
You're such a brainwashed dumbass.
This post was edited on 8/17/19 at 8:43 am
Posted on 8/17/19 at 8:41 am to RCDfan1950
quote:
This spending ship has sailed. There is no turning back.
socialist here only pretend to care about it now bec ause trump has destroyed their savior sheik hussein on all other metrics economically. as long as we have good economy and debt does not double a third time. zero fricks given. nobody is paying off all the debt run up. forget about it. trump is forced to spend on shite obama neglected. yeah record spending under obama also on other shite.
Posted on 8/17/19 at 8:42 am to PygmalionEffect
quote:
you know, because Obama was POTUS in 2009.
Obama was the POTUS in 2009...
Posted on 8/17/19 at 8:43 am to Geauxst Writer
quote:
Pygmalion has a solid post here based on fact in which Obama actually did a credible job based on the recession hand and unfounded Iraqi war that he inherited
No he didn't. We cannot pay our future bills with 1.5%-1.8% growth. It's math. We cannot stay there (at 1.5%). Obama was strangling the economy with confiscatory taxes and regulation.
Obama was lucky that the FED held the discount rate at basically "zero" his entire term. Then added rounds of quantitative easing. Without the extraordinary FED stimulus, his entire 8 years would have really sucked arse.
quote:
Also, Clinton created a surplus during his tenure.
No, the Republican Congress led by Newt Gingrich was responsible for most of what led to the surplus. Clinton was brought along kicking and screaming.
Posted on 8/17/19 at 8:47 am to tiggerthetooth
Budgets are prepared and approved a year ahead, that's why they're budgets.
Congress isn't currently working on the 2019 budget. They have to prepare and approve the budget for 2020 this year.
See how that works?
The 2009 budget was prepared in 2008 by Bush. It ran the worst deficit in history, over 1.3 trillion.
Because we were recovering from the Bush recession with a massive tax bail out for the wealthy that put us in there to being with.
Nothing to do with Obama, but liars like Fat Bastard who gets his talking points from other right wing liars, assign that budget deficit to Obama in their stats,
every time.
Because they know that facts don't support their b.s.
Not coincidence they elected the mother of all liars POTUS
Congress isn't currently working on the 2019 budget. They have to prepare and approve the budget for 2020 this year.
See how that works?
The 2009 budget was prepared in 2008 by Bush. It ran the worst deficit in history, over 1.3 trillion.
Because we were recovering from the Bush recession with a massive tax bail out for the wealthy that put us in there to being with.
Nothing to do with Obama, but liars like Fat Bastard who gets his talking points from other right wing liars, assign that budget deficit to Obama in their stats,
every time.
Because they know that facts don't support their b.s.
Not coincidence they elected the mother of all liars POTUS
Posted on 8/17/19 at 8:49 am to PygmalionEffect
quote:
You're such a brainwashed dumbass.
IRONY U POS SOCIALIST IRONY
you cannot rebutt any of the facts i laid out can you?
Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion.
THAT IS THE FACT BEING STATED HERE DUMBfrick.
along with many others you cannot rebutt. keep dodging
so what i have highlighted did not happen?
Posted on 8/17/19 at 8:49 am to TigahTeeth
"
If you go to where to where food is grown, you know, like farms, ranches, etc., it's actually people and machines that grow food. Does government start that process, or is it the fact that people need food to survive? And if you think it's government that produces this abundance and wide variety of food you speak of, I disagree. I call it ingenuity.
quote:"
Show me anywhere in the entire world where you can walk into the wild and find the mesmerizing abundance of variety of produce growing wild and let’s revisit your “does the government grow food” question
If you go to where to where food is grown, you know, like farms, ranches, etc., it's actually people and machines that grow food. Does government start that process, or is it the fact that people need food to survive? And if you think it's government that produces this abundance and wide variety of food you speak of, I disagree. I call it ingenuity.
This post was edited on 8/17/19 at 8:50 am
Posted on 8/17/19 at 8:50 am to tiggerthetooth
quote:
quote:
you know, because Obama was POTUS in 2009.
Obama was the POTUS in 2009...
sure was
and I am not even arguing that. he is so stupid
Posted on 8/17/19 at 8:51 am to Fat Bastard
quote:
you cannot rebutt any of the facts i laid out can you?
Look up dumbass.
Posted on 8/17/19 at 8:53 am to PygmalionEffect
quote:
Because we were recovering from the Bush recession with a massive tax bail out for the wealthy that put us in there to being with.
quote:
who gets his talking points
Posted on 8/17/19 at 8:53 am to Fat Bastard
quote:
Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion.
THAT IS THE LIE BEING STATED HERE DUMBfrick.
Posted on 8/17/19 at 8:54 am to PygmalionEffect
quote:
Fat Bastard assigns the 2009 budget deficit to Obama
you know, because Obama was POTUS in 2009.
Dude...do some fricking research as to WHY the deficit was 1.4 trillion that year. It was because of Obama's 2009 850 trillion dollar stimulus package. That wouldn't have had anything to do with GWBush....period.
This post was edited on 8/17/19 at 8:56 am
Posted on 8/17/19 at 8:55 am to PygmalionEffect
Here let me post it again for Fat Bastard who is having a hard time keeping up spending too much time celebrating his "gotcha" that I didn't know Obama was POTUS in 2009. LOL
quote:
Budgets are prepared and approved a year ahead, that's why they're budgets.
Congress isn't currently working on the 2019 budget. They have to prepare and approve the budget for 2020 this year.
See how that works?
The 2009 budget was prepared in 2008 by Bush. It ran the worst deficit in history, over 1.3 trillion.
Because we were recovering from the Bush recession with a massive tax bail out for the wealthy that put us in there to being with.
Nothing to do with Obama, but liars like Fat Bastard who gets his talking points from other right wing liars, assign that budget deficit to Obama in their stats,
every time.
Because they know that facts don't support their b.s.
Not coincidence they elected the mother of all liars POTUS
This post was edited on 8/17/19 at 8:57 am
Posted on 8/17/19 at 8:57 am to PygmalionEffect
President Donald Trump claimed Feb. 15 that former President Barack Obama “put on more debt on this country than every president in the history of our country combined.”
Verdict: True
Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion. Gross federal debt – which includes the amount owed to Social Security and other government accounts – nearly, but did not quite, double.
learn to use google and a factcheck site socialist
Verdict: True
Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion. Gross federal debt – which includes the amount owed to Social Security and other government accounts – nearly, but did not quite, double.
learn to use google and a factcheck site socialist
Posted on 8/17/19 at 9:01 am to tiggerthetooth
quote:
What programs are responsible for the majority of the current debt?
DOD
Posted on 8/17/19 at 9:02 am to Fat Bastard
Post Obama's annual budget deficits by year, all eight of them: 2010 through 2017.
That would be more informative, wouldn't it?
But your game is disinformation, isn't it?
That would be more informative, wouldn't it?
But your game is disinformation, isn't it?
Posted on 8/17/19 at 9:03 am to PygmalionEffect
quote:
Because we were recovering from the Bush recession with a massive tax bail out for the wealthy that put us in there to being with.
You are saying the bailout was what put us in recession?
Also, what date should we start counting the debt and deficit towards Obama? Same question for Trump. Thanks.
Eta
quote:
through 2017.
Lulz
This post was edited on 8/17/19 at 9:04 am
Posted on 8/17/19 at 9:06 am to PygmalionEffect
1.8% GDP average his 8 years in office. DOGSHIT
record debt
record regulations
record number on food stamps
record number lowest labor participation rate since jimmy carter
record low home ownership in decades (actually last 50 years)
worst recovery since great depression
taxes out the arse hidden and raised, many in obamacare. basically unaffordable healthcare.
NONE OF THIS HAPPENED UNDER OBAMAS WATCH!right?
HELL PER YOUR POSTS OBAMA WAS NOT EVEN POTUS FOR 8 YEARS!
record debt
record regulations
record number on food stamps
record number lowest labor participation rate since jimmy carter
record low home ownership in decades (actually last 50 years)
worst recovery since great depression
taxes out the arse hidden and raised, many in obamacare. basically unaffordable healthcare.
NONE OF THIS HAPPENED UNDER OBAMAS WATCH!right?
HELL PER YOUR POSTS OBAMA WAS NOT EVEN POTUS FOR 8 YEARS!
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