What's causing rising debt?

[PoliTalker]

Hello cawacko,

No, it's not facts, it's the spin you put on them. I can be just as partisan as the next person so I'm not speaking as holier than thou but we spin the numbers to fit our narrative. That's how you're choosing everything to be rosy for Democrats and doom and gloom for Republicans.

You're pretty good at the spin game yourself, cawacko. Always finding the angle that leans right. (I do think that is more challenging than succinctly presenting just the right facts, like Oneuli does. And presenting it in a professional way. If you don't work for the Republicans it is a good thing for the nation.

There aren't many of us here who stay clean, but you two do it while still talking to the foulest-mouthed trolls on both sides. Very commendable.

 

[Truth Detector]

As you know, it's ONLY liberals who worry about debt. Conservatives like to pretend they care about fiscal responsibility when they see that as a BS argument that will support further gutting social spending.

Historical facts say you're full of bullshit snowflake.

Between Obama's first budget year and his last one, we averaged a little under a $817 billion deficit.

Obama's first budget year with a Democratically controlled Congress the deficit hit an all time record of $1.413 trillion liar. His second budget year with a Democratically controlled congress it hit $1.295 trillion.

His third budget year hit $1.299 trillion. After Republicans took the house that deficit started to decline.

That's despite the fact Obama inherited the worst recession since the Great Depression, whereas Trump inherited a growing economy. If Trump gets eight years, the nation will almost certainly have added more debt on his watch than Obama's. Were you honestly ignorant of that?

There you go with that tired old bullshit again. Poor Obama.

I wish we'd stop with the tax cuts for the rich, but every time a Republican gets into the White House, there's another big push to help the rich pull away from the rest of the country, and we get yet another round of upper-class tax cuts.

Of course you hate tax cuts; you're a math challenged dullard who thinks we have a revenue problem and cannot comprehend it is actually a SPENDING problem.

My policy idea is to emulate policies that have proven to be successful in the past, rather than to repeat the errors of the Reagan and Bush years and pray things work out differently this time. How about you?

The only policies that have proven to be successful were when BillyBob and Obama accomplished what no other Democrats had accomplished up until then; losing the House and the Senate to Republicans.

I can't believe you're this stupid and ignorant of the facts.

 

[Truth Detector]

Yep. But, as you know, on Obama's watch we started reducing the deficit immediately, and it ended up about half what he'd inherited. By comparison, we're going the other way now, with exploding deficits, which will mean debt that's run up at an even faster pace.

It doesn't occur to you, or you're just a pathological lying a-hole, is that it actually started being reduced when Republicans took over the Congress. What also doesn't occur to you, or you're just a pathological lying a-hole, is that Obamacare came in full force at the beginning of 2017 after Obama left. Thank you Obama.

Revenue is up; but SPENDING is outpacing revenue.

I am going to try to educate you with a simple formula: When taxes are reduced, people have more money to spend. More spending equals more production. More production equals more jobs. More jobs equals more taxpayers. More taxpayers equals higher tax revenue.

We have a SPENDING problem in this country. Not a tax reduction problem or a revenue problem. Dunce.

 

[Truth Detector]

Deficts and Debt was one of the primary issues for Republicans throughout the Obama years, least they said it was one of their major concerns. Keep in mind that Obama faced two wars, an unpaid prescription plan, and a historical recession with decreasing tax revenue coming in. In later years as the economy improved, Obama cut back on discretionary spending in attempts to reduce deficits

Poor Obama; so he lied when he said he could bring the economy back with hopey changey didn't he?

Trump gets elected and inherits an advancing economy and rather than continue as is with a substantial debt grants a major tax cut while increasing spending. Simply looking at what goes out and what comes in dictates blowing up an already major debt. Examining entitlements has to come next, which many thought was the goal of the tax cut

Trump's economic policy is nuts, short term gain aimed at getting elected in 2020, long term pain thereafter

Translation: Trump gets elected and suddenly leftists who never gave a shit about morality, suddenly demand the high ground and who never gave a shit about record deficits under Obamunism are now suddenly deficit hawks.

STFU, seriously.

 

[cawacko]

Deficts and Debt was one of the primary issues for Republicans throughout the Obama years, least they said it was one of their major concerns. Keep in mind that Obama faced two wars, an unpaid prescription plan, and a historical recession with decreasing tax revenue coming in. In later years as the economy improved, Obama cut back on discretionary spending in attempts to reduce deficits

Trump gets elected and inherits an advancing economy and rather than continue as is with a substantial debt grants a major tax cut while increasing spending. Simply looking at what goes out and what comes in dictates blowing up an already major debt. Examining entitlements has to come next, which many thought was the goal of the tax cut

Trump's economic policy is nuts, short term gain aimed at getting elected in 2020, long term pain thereafter

"Obama cut back spending". Now why did that happen? It wasn't by choice, as he and you wanted more stimulus. Remember the supposed Republican austerity and the party of no? That was because the Republican congress would not approve additional stimulus spending. Again, it's just a few years later and you're spinning a new tail

 

[archives]

Poor Obama; so he lied when he said he could bring the economy back with hopey changey didn't he?



Translation: Trump gets elected and suddenly leftists who never gave a shit about morality, suddenly demand the high ground and who never gave a shit about record deficits under Obamunism are now suddenly deficit hawks.

STFU, seriously.

Obama did bring the economy back, better yet, he saved it fom a depression, you didn't actually thing all those economic indicators that Trump now takes credit for actually were set a zero the day he took office did you?

And I don't know how many times it has to be explained to conservatives, Obama inherited two wars, an unpaid drug prescription plan, and most importantly, a recession of historical proportions. Of course he had to spend, did you think the private sector was going to add currency to the broken economy/

Trump inherited just the opposite, an advancing economy and not a recession, and yet, he gave the upper income brackets a stimulus thereby blowing up the debt during better economic times

And forget the morality bit, if the Obamas aren't the exact opposite of the Trumps then you really are drunk on the kool aid

 

[archives]

"Obama cut back spending". Now why did that happen? It wasn't by choice, as he and you wanted more stimulus. Remember the supposed Republican austerity and the party of no? That was because the Republican congress would not approve additional stimulus spending. Again, it's just a few years later and you're spinning a new tail

FY 2017 - $666 billion.
FY 2016 - $585 billion.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.
FY 2010 - $1.547 trillion.

https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151

 

[Sailor]

"What's causing rising debt?"


"The Republicans are engaged in their usual two-step swindle. Step one, they give massive tax handouts to the rich and spending increases for their buddies in the military industries. Step two, they say the resulting run-up in debt requires austerity measures to be taken when it comes to programs that regular Americans rely on, like Social Security and Medicare. Mitch McConnell insists that cuts to those things are needed, because they're what's causing the problem."


I think you answered your own question. Seems obvious. (Kinda' like, 'who killed Khashoggi')

Khashoggi did. Worst case of suicide ever investigated.........

 

[cawacko]

FY 2017 - $666 billion.
FY 2016 - $585 billion.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.
FY 2010 - $1.547 trillion.

https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151

But why did it go down, isn't that the argument?

 

[archives]

But why did it go down, isn't that the argument?

Less spending, partially due to Obama, and some the GOP Congress, but the point being it did decrease from the earlier years as the economy pulled itself out from beneath the effects of the Recession

 

[Truth Detector]

Obama did bring the economy back, better yet, he saved it fom a depression, you didn't actually thing all those economic indicators that Trump now takes credit for actually were set a zero the day he took office did you?

And I don't know how many times it has to be explained to conservatives, Obama inherited two wars, an unpaid drug prescription plan, and most importantly, a recession of historical proportions. Of course he had to spend, did you think the private sector was going to add currency to the broken economy/

Another Obama lie then?

Associated Press
Published on Feb 23, 2009
President Barack Obama vowed Monday to cut the country's budget deficit in half by the end of his first term. (Feb. 23)

Trump inherited just the opposite, an advancing economy and not a recession, and yet, he gave the upper income brackets a stimulus thereby blowing up the debt during better economic times

Trump inherited economic malaise. He hasn't been in office two years. STFU, seriously.

And forget the morality bit, if the Obamas aren't the exact opposite of the Trumps then you really are drunk on the kool aid

I was thinking about abortion on demand and the massive defense of BillyBob Clinton snowflake. You're the hypocritical idiots telling us it's between two adults; but with Trump it should somehow be a different standard.

 

[Truth Detector]

FY 2017 - $666 billion.
FY 2016 - $585 billion.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.
FY 2010 - $1.547 trillion.

https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151

Wow; look at the deficit drop right after Republicans take over!

 

[Truth Detector]

Less spending, partially due to Obama, and some the GOP Congress, but the point being it did decrease from the earlier years as the economy pulled itself out from beneath the effects of the Recession

When did Obama ever support less spending snowflake?

 

[cawacko]

Less spending, partially due to Obama, and some the GOP Congress, but the point being it did decrease from the earlier years as the economy pulled itself out from beneath the effects of the Recession

The whole argument is over who gets credit

 

[Nordberg]

Sometimes repubs admit it. here they are admitting it was designed to create debt. https://www.rawstory.com/2018/05/6-times-republicans-accidentally-told-ugly-truth-tax-cuts/ Repubs, this cut was not about you.

 

[PoliTalker]

"Obama cut back spending". Now why did that happen? It wasn't by choice, as he and you wanted more stimulus. Remember the supposed Republican austerity and the party of no? That was because the Republican congress would not approve additional stimulus spending. Again, it's just a few years later and you're spinning a new tail

If the Republicans were in control then we would have no stimulus, no recovery.

 

[archives]

Another Obama lie then?

Trump inherited economic malaise. He hasn't been in office two years. STFU, seriously.

I was thinking about abortion on demand and the massive defense of BillyBob Clinton snowflake. You're the hypocritical idiots telling us it's between two adults; but with Trump it should somehow be a different standard.

When a Trump lemming even mentions someone else lying it just goes beyond hysterical, as I've said before, their messiah lies at an Olympian record rate and they are actually accusing another of lying, too funny

Now Trump supposed inherited an economic malaise, as I said, those like "detector" really do believe that when Trump took over all the economic indicators were set back to zero, little clue for you, even the most simplest of indicators as the Market has been on a upward moving bull market since 2010, and last I knew Trump wasn't President in 2010. He caught an economy getting nothing but better, his only accomplishment so far is not blowing it

And the Clinton "whataboutism" is getting old, what are we talking now, close to three decades? Before Trump assumed the Office of the President, regardless of who occupied it, held a certain degree of integrity, now, Trump has flushed that down the toilet

 

[Truth Detector]

When a Trump lemming even mentions someone else lying it just goes beyond hysterical, as I've said before, their messiah lies at an Olympian record rate and they are actually accusing another of lying, too funny

When a leftist liar calls me a Trump lemming I point at them and laugh.

Now Trump supposed inherited an economic malaise,

It wasn't supposed brain dead wonder dunce; the Obama years were economic malaise. Obama himself even said we needed to get USED to it. You lying lefties have a collective memory of a lemming.

as I said, those like "detector" really do believe that when Trump took over all the economic indicators were set back to zero, little clue for you, even the most simplest of indicators as the Market has been on a upward moving bull market since 2010, and last I knew Trump wasn't President in 2010. He caught an economy getting nothing but better, his only accomplishment so far is not blowing it

I wish you had a higher IQ to comprehend reality and facts.

And the Clinton "whataboutism" is getting old, what are we talking now, close to three decades? Before Trump assumed the Office of the President, regardless of who occupied it, held a certain degree of integrity, now, Trump has flushed that down the toilet

It isn't "whataboutism" you whiny twat; it is an illustration of your glaring ignorance, lying and hypocrisy. But alas, you lack the basic IQ it would take to comprehend the obvious.

 

[Into the Night]

The rising debt is caused by the government using other means of raising money than taxes.

The U.S.government can raise money one of several ways:

1) They can print it.
2) They can borrow it.
3) They can tax for it.

If it prints the money, that's just empty dollars going into the system that have no wealth attached to them. The result is inflation, sometimes massive inflation (depending on how much they print).

If it taxes the money, it runs the risk of a revolt. People will convert their money to other forms or expatriate it to escape the taxes.

If it borrows the money, it must entice people to buy the bonds. That's why bonds have an interest rate. The government is paying you to borrow your money. Bonds are considered a conservative investment, and are typically held mostly by banks, including several foreign central banks. Those bonds must eventually be paid back with that accumulated interest. Failure to do so defaults on those bonds, and the resulting loss of integrity in the United States government as a result.

Currently, the Federal government annual budget is $4,407,000,000,000. It's revenue (taxes collected) this year is $3,422,000,000,000. That leaves $985,000,000,000 that must be borrowed or printed instead of taxed. This is the deficit.

What is being ignored here is the sheer size of these numbers. There is currently some 129 million people making money and paying taxes. Spreading the current federal budget over these people results in $34,162 per person for just this year!

 

[Jack]

Khashoggi did. Worst case of suicide ever investigated.........

(too early ... try again in a week)