Democrats are sharing their hand, pay attention

Stringfellow Hawk said:
He inherited over 80% of it from Obama and ACA, the worst piece of expensive unsustainable legislation in my lifetime
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Obama cut the deficit by two thirds. Clinton cut the deficit by more than 100%, and created a surplus. If trump had just followed the Democratic lead, we would have a surplus now.
 
Theywillneverlearn! said:
Biden has done nothing to reduce it. That is where you and most lefties fiscal ignorance lies.
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The deficit is already being reduced, after the total disaster that was trump. We have seen the same pattern for 40+ years. Democrats fight long and hard to reduce the deficit over years, and then Republicans blow up the deficit. It will take years for Biden to reduce the deficit, but he has certainly started.

https://fred.stlouisfed.org/series/FYFSD
 
Walt said:
Are you sure? I heard $345 billion, with much of that going to the federal government. Your number would require Treasurys to be above 5%, when they have been well below 5% for decades now. Even if they go above 5% now, it will take years for all that old debt to roll over.

The rest of your post is suspect too. Biden is bringing down the deficit, so is fixing the problem, not causing it.
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he is not bringing down the defecit, another lie, they sent Madoff to jail for that kind of accounting
 
Walt said:
Obama cut the deficit by two thirds. Clinton cut the deficit by more than 100%, and created a surplus. If trump had just followed the Democratic lead, we would have a surplus now.
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another leftwing lie, there was no surplus, surplus means no debt, that was never the case, more Madoff style accounting
 
Walt said:
The deficit is already being reduced, after the total disaster that was trump. We have seen the same pattern for 40+ years. Democrats fight long and hard to reduce the deficit over years, and then Republicans blow up the deficit. It will take years for Biden to reduce the deficit, but he has certainly started.

https://fred.stlouisfed.org/series/FYFSD
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That is complete and utter bullshit. As well as the rest of your post. Uneducated fuck.
 
LV426 said:
You're so emotional. Calm down. You would make friends if you weren't screeching all the time.
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Mental case says what?

th
 
Stringfellow Hawk said:
he is not bringing down the defecit, another lie, they sent Madoff to jail for that kind of accounting
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Biden has been bringing down the deficit. Why is it whenever facts disagree with the alt right narrative, suddenly all the facts become lies?

More importantly, Biden has not changed the accounting standards and methods. If he should go to jail for them, so should trump. There are so many audits that there would be no way for Biden to lie about it all. In fact, Biden has very little involvement in the accounting.
 
Stringfellow Hawk said:
another leftwing lie, there was no surplus, surplus means no debt, that was never the case, more Madoff style accounting
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Surplus means paying down your debt. It does not mean no debt. So Clinton was buying back Treasurys, and paying down our countries debt. The Debt Clock had to go backwards, because there was a surplus.

I really cannot make this any more simpler for you.
 
Theywillneverlearn! said:
That is complete and utter bullshit. As well as the rest of your post. Uneducated fuck.
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There is really no room for debate here. The deficit is being reduced. That is just a fact. I even gave a link to the St. Louis Fed proving that. This is another debate over whether McConnell or Schumer were Schumer was Senate Majority Leader on January 6th, 2020. McConnell was Senate Majority Leader on that date, there is no room for debate.
 
Walt said:
Surplus means paying down your debt. It does not mean no debt. So Clinton was buying back Treasurys, and paying down our countries debt. The Debt Clock had to go backwards, because there was a surplus.

I really cannot make this any more simpler for you.
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more bullshit accounting, there was no surplus, the national debt continued to rise
 
Stringfellow Hawk said:
The USA's annual GDP is around $21T. The USA is almost $31T dollars in debt. It costs almost $600B a year to just maintain that debt. And they are calling for increased spending? Regardless of what it will do to inflation, what kind of lunacy is this? The only solutions to this problem are to 1) decrease spending or 2) increase taxes. The Democrats have obviously chosen Option 2. :palm: Vote accordingly.
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Hey! I found a Web-site that you may want to know about! https://www.usdebtclock.org/

It says each one of us tax payers now owe 245K in taxes.

So go pay your fair share PLEASE! Or buy some Treasury Bonds or something!

Or we won't ever catch this shit up!

But stop whining! Thanks!
 
Stringfellow Hawk said:
more bullshit accounting, there was no surplus, the national debt continued to rise
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Rather than cranking higher, it started ticking in the opposite direction, shaving off roughly $30 a second at last count, with a newly frugal Washington to thank.

Much to the bewilderment of passers-by, the clock began ticking down shortly after the government -- flush with surplus funds from America's decade-long economic boom -- announced in August 1999 it would start paying off its debts.

The government has paid off roughly $100 billion of the national debt so far this year.
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https://web.archive.org/web/20080129144855/http://edition.cnn.com/2000/US/09/07/debt.clock/
 
Walt said:
Clinton, Obama, and now Biden put the hard work into reducing the deficit. trump would not know anything about that.
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debt is the only thing that matters Bernie, Obama was one of the worst and Biden is by far the worst eclipsing Trump and Obama in a very short time. Democrats are driving this country into the ground, better practice your chinese
 
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