Rune (02-12-2019)
Rune (02-12-2019)
Ehh, sort of. There were multiple months from 1999-2000 when Treasury made payments toward the Public Debt. You can simply look at each month's individual Treasury statements and see the balance on the debt went up and down from 1999-2000.
The point is that had the surpluses sustained, the debt could have been paid off by 2010.
Untrue. There were several months in 1999-2000 when Treasury made payments to the debt, and the monthly debt statements reflect that. You can look for yourself here.We never "pay down" the debt but simply pay back debt by borrowing and creating new debt.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Hello cawacko,
You said: "You’re a Democrat, aren’t you on the MMT train? Deficits and debt don’t matter..."
It's a little white lie.
You want to blame the debt on Democrats?
You're lying to yourself.
Democrats have actually done a better job of debt management than Republicans.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
LV426 (02-12-2019)
FOR THE RECORD:
During the administration of Ronald Reagan...the federal debt increased 186%
During the administration of George W Bush...the federal debt increased 101%
During the administration of Barack Obama...the federal debt increased 74%
During the administration of George HW Bush...the federal debt increased 54%
During the administration of Jimmy Carter...the federal debt increased 43%
During the administration of Bill Clinton...the federal debt increased 32%
Hummm!
Last edited by Frank Apisa; 02-12-2019 at 09:03 AM. Reason: Add President Obama's figure
I guess we'll never know because Russia stole the election for Trump so that Trump would cede Syria to Russia and Iran.
What deregulation? What economic boom?
Federal tax revenues for 2018 were less than 2017.
Many middle class workers saw their tax liability rise thanks to your shitty Russia Tax Cut.
2017-2018 was the slowest pace of job growth since before Obama's 2nd term.
The market didn't grow at all in 2018.
Economic boom? For whom? For the wealthy, who did record stock buybacks and saw their incomes rise far above the national average (which has the effect of raising total wage growth #'s, skewing the growth).
Most workers saw real wages remain flat or decline in 2018.
But at least you got your wall...oh wait...
When I die, turn me into a brick and use me to cave in the skull of a fascist
LV426 (02-12-2019)
Another economics idiot.
The national debit is a little more complicated than blaming Trump just like when you assholes blame him because the Dow goes down.
A good portion of our spending is mandated.
Will you post that during Obama’s 8 years the US debt increased 9 Trillion.
Truth Detector (02-12-2019)
Here, Asshole...read this:
During the administration of Ronald Reagan...the federal debt increased 186%
During the administration of George W Bush...the federal debt increased 101%
During the administration of Barack Obama...the federal debt increased 74%
During the administration of George HW Bush...the federal debt increased 54%
During the administration of Jimmy Carter...the federal debt increased 43%
During the administration of Bill Clinton...the federal debt increased 32%
Hummm!
Bookmarks