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udtiger
LSU Fan
Louisiana
Member since Nov 2006
51025 posts
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re: WaPo - Republicans do complete flip on budget deficit
quote:

Sad to see.


I agree, and said so yesterday.

However, the "positives" from this are:

1) it guts a lot of the Dems domestic policy talking points for the mid-terms;

2) it destroys any leverage they may have had relative to the Dreamers - the Dems will have to negotiate solely with the March 5 deadline looming over their heads.


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02
Taxing Authority
LSU Fan
Houston
Member since Feb 2010
33408 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

So in 8 or 12 years from now, when a den finally becomes president, they'll claim they fixed the deficit, even though our policies today will be responsible
Whipsawing presidencies can be problematic. For example... in 2014 CBO identified rising deficits as a result of Obama’s policies and deficits..

LINK

quote:

the deficit is projected to decrease again in 2015—to $478 billion, or 2.6 percent of GDP. After that, however, deficits are projected to start rising—both in dollar terms and relative to the size of the economy—because revenues are expected to grow at roughly the same pace as GDP whereas spending is expected to grow more rapidly than GDP. In CBO’s baseline, spending is boosted by the aging of the population, the expansion of federal subsidies for health insurance, rising health care costs per beneficiary, and mounting interest costs on federal debt.
The two main drivers of today’s deficits are healthcare and servicing the debt that doubled under Obama’s first 6 years.

The worst part is both are almost impossible to cut. Cutting healthcare is political suicide. And we have to pay our debt or we’ll risk the dollar stability. We are running out of options quickly.

I honestly think it’s likely too late. We will never pay our debt back to a sustainable level. We’d have to run massive surpluses. If you look at the out years the debt service grows, and grows, and grows....


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11
Old Hellen Yeller
Alabama Fan
Member since Jan 2014
6791 posts

re: WaPo - Republicans do complete flip on budget deficit
Neither party cares about the deficit or the debt. But at least Dems are honest about it.
This post was edited on 2/8 at 9:38 am


90proofprofessional
LSU Fan
Member since Mar 2004
20370 posts
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re: WaPo - Republicans do complete flip on budget deficit
quote:

Second, I pulled them from the Monthly Treasury Statements.



If we're talking the fiscal year- as you clarify- that was less than half-Trump-tenured and the execution of an Obama budget.

Also that says 4.0 tril in outlays not 3.9. (reference to the guy you're sticking up for)

And the fact remains the deficit grew and the administration has taken actions to make it worse both short- and long-term, and continues to do even with this new debt ceiling deal.

ETA
quote:

I hoap you failed your jerb search.


I take back my from earlier in principle
This post was edited on 2/8 at 9:41 am


LSURussian
LSU Fan
Member since Feb 2005
107571 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

But at least Dems are honest about it.
Were they honest about it in the 8 years during which Obama added more to the national debt than all of the other previous Presidents COMBINED??

GTFOH!


Dale51
Member since Oct 2016
16777 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:


Yes. Make Republicans care.


About what?


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11
Jyrdis
Auburn Fan
Member since Aug 2015
5049 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

If we're talking the fiscal year- as you clarify- that was less than half-Trump-tenured and the execution of an Obama budget.


Correct.

quote:

Also that says 4.0 tril in outlays not 3.9.


3.981 not 4.0.

quote:

And the fact remains the deficit grew and the administration has taken actions to make it worse both short- and long-term, and continues to do even with this new debt ceiling deal.


I agree. Reigning in spending needs to be done. Hell, I'm still wondering what side of the Laffer Curve we are on.

quote:

I take back my from earlier in principle




Old Hellen Yeller
Alabama Fan
Member since Jan 2014
6791 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

Were they honest about it in the 8 years during which Obama added more to the national debt than all of the other previous Presidents COMBINED??


Yes, because Democrats typically don’t care about a deficit. Republicans don’t either of course, but they will pretend to in order to scare up some votes from window lickers like you.


90proofprofessional
LSU Fan
Member since Mar 2004
20370 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

3.981 not 4.0.

edited too late to point out that the guy you're sticking up for called that 3.9

i just skimmed the obama FY17 budget and outlays projected were, shockingly, closer to 4.1 than 4.2 as well

although it is still true we appear to come out under projections. i wish i could dig in and spot where the overprojection came from, discretionary or non


LSURussian
LSU Fan
Member since Feb 2005
107571 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

Yes, because Democrats typically don’t care about a deficit.
quote:

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child.

That’s irresponsible. It’s unpatriotic.”
-Barrack Hussein Obama, July 3, 2008
This post was edited on 2/8 at 9:47 am


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21
BlackAdam
Nicholls St. Fan
Member since Jan 2016
1899 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

Yes, because Democrats typically don’t care about a deficit. Republicans don’t either of course, but they will pretend to in order to scare up some votes from window lickers like you.


To be honest, a large portion of the debt increase under Obama can be directly linked to No Child Left Behind and Medicare part D. Both entitlements put in place by a Republican President and a Republican Congress.

Neither party truly gives a rats arse about the annual deficit or the debt.


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42
Jyrdis
Auburn Fan
Member since Aug 2015
5049 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

i just skimmed the obama FY17 budget and outlays projected were, shockingly, closer to 4.1 than 4.2 as well

although it is still true we appear to come out under projections. i wish i could dig in and spot where the overprojection came from, discretionary or non


This got me curious. Assuming this is the correct one ( FY 2017 Budget). Table S-4, p. 120.

2016 2017 Change
Discretionary
Defense 595 601 6
NonDefense 627 614 -13
Mandatory
Social Security 924 967 43
Medicare 589 602 13
Medicaid 367 377 10
Other 608 629 21
Net Interest 240 304 64





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Zach
LSU Fan
Member since May 2005
90488 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

Trump makings liberals care about the deficit.


He also made the liberals love the cops. This week's USA Today logic:

Trump hates cops.
Cops are part of law enforcement.
The FBI is part of law enforcement.
Trump hates the FBI.
Therefore, Trump hates cops.


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02
tarzana
LSU Fan
Chocolate Bayou/Bailey Ave, Manvel
Member since Sep 2015
10783 posts

re: WaPo - Republicans do complete flip on budget deficit
I haven't heard anyone of either party say anything sensible about the deficit since 2010. That's when the Democrats got shellacqued in the midterms and Obama sought counsel from Simpson/ Bowles on how to rein in the ever e-x-p-a-n-d-in-g budget shortfall.


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01
tjv305
Florida Fan
Member since May 2015
4879 posts

re: WaPo - Republicans do complete flip on budget deficit
When it comes to money spending both sides want to spend money on different stuff . Democrats want to spend the money on global warming , paying other countries to not have Nukes and entitlement programs . Republicans want to spend on the Military, border security and improving this country.


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12
llfshoals
Alabama Fan
Member since Nov 2010
8577 posts

re: WaPo - Republicans do complete flip on budget deficit
It would help your argument a lot of the data was correct.

But it's not, which shouldn't surprise anyone


90proofprofessional
LSU Fan
Member since Mar 2004
20370 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
do go on


BeefDawg
Georgia Fan
Atlanta
Member since Sep 2012
2438 posts

re: WaPo - Republicans do complete flip on budget deficit
quote:

Those numbers sound awfully final. Are you going to link any of this, in particular the alleged cuts?

That may indeed be correct, but I've heard a little over a year of complete bull shite about debt/deficit figures from cheerleaders for this administration.

Also we've been at the point of "extraordinary measures" to avoid busting the debt ceiling for several months of 2017 and all of 2018 so far, and we're about to raise the ceiling again, so I hope you'll forgive my skepticism.


As you can see from these crops I just made, Obama's 2017 budget was for $4.147T. He hoped for $3.644T in tax revenues, but GDP came in under what they hoped and he only ended up with $3.315T tax revenues.

$4.147 - $3.315 = $.832.

So that would have been an $832 billion deficit.

Except Trump spent $3.980T, so his deficit came in at $666B instead. So he came in under budget and actually saved $166 billion.





In 2018, Trump has a budget of $4.094T, with estimated tax revenues of $3.654T.

This would be a deficit of $440 billion.

However, I think it's quite possible his GDP and tax revenues come in higher than expected and that deficit number goes down even more.



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bayoumuscle21
LSU Fan
Baton Rouge
Member since Jan 2012
2265 posts
 Online 

re: WaPo - Republicans do complete flip on budget deficit
quote:

The Republicans are hypocrites about the deficit and their supporters only care about deficits when Democrats are in power


What's funny is the fact that most I know are concerned about it,and like the things that Trump are doing but questioning some things budget wise because no president is perfect.

The Dems never questioned anything of Obama; stimulus package (this was his first admittance that he had no clue what to do about economy), Iran nuclear deal (worst deal ever), and Obamacare (the mandate was dictator-ish), the debt (all Bush's fault right?).

The fact is that Trump is better on economy than Obama, and the vastly better alternative to Hillary. But keeping hating on Trump while eating yourselves. It's quite amusing.


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llfshoals
Alabama Fan
Member since Nov 2010
8577 posts

re: WaPo - Republicans do complete flip on budget deficit
Well let's start with how much was added to the debt in fiscal 2015.

Does it match their number? Is it even within 100 billion?


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