OK, I'll mention it.
Is it Obama's or Trump's or any other previous president's fault that a current year's interest payment for the previous years deficit is never a part of a current years budget preparation process?
And is it the fault of any president for having to make a choice of keeping the lights on or turning the lights out with his signing of the budget bill, when Congress is allowed to just up the debt ceiling, and not cut federal spending at the same time?
Every year Congress ups the debt ceiling a trillion dollars- and all that pays for is last years interest payment.
And thus the deficit continues to grow a trillion dollars every year!
That is what happened every year during the Obama admin- and is now continuing with Donald Trump!
I don't think we should be pointing the finger at the presidents for this- CONGRESS only knows two things- SPENDING and BORROWING MONEY!
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
Did I say economic lesson?
Tell us Sean, with a recession, with little money in circulation, and few out there willing to gamble what they had, who is going to add currency to the economy to get it moving? Did you actually think it moves on its own?
If it wasn't for Obama doing such, the economy Trump inherited wouldn't have been on an upward trend, Obama most likely saved America from a Depression
And the end of your post is the usually talk radio rhetoric, says nothing
It's not the interest on the debt that causes the deficits you brain dead know-nothing. Good lord you are stupid. Yet you think you know what you are talking about.
The interest on the debt is $479 billion. That amounts to a trivial 10% of the total $4.746 Trillion federal budget budget. MANDATORY spending which includes Social Security, Medicare and Medicaid takes up $$2.841 trillion, or about 60% of the total budget.
Income support programs like food stamps, Unemployment Compensation, Child Nutrition, Child Tax Credits, Supplemental Security Income, and Student Loans cost $642 billion.
Unemployment insurance taxes pay for $46 billion of its cost.
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
"Trump's Fiscal Year 2020 budget projects the debt would increase $5 trillion during his first term. That's as much as Obama added while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite."
https://www.thebalance.com/trump-pla...l-debt-4114401
But you don't even need a source, Trump's discretionary spending in a good economy makes it obvious
Yes, you did, you lying low IQ dullard: https://www.justplainpolitics.com/sh...67#post3164967
QUOTE=archives; Need a lesson in economics?
You're such an idiot you can't remember your last post arsecheese.
Prove that there was little money in circulation (A stupid claim of epic proportions) . Then PROVE that Governments can SPEND their way out of recessions. Did you get this stupidity from a CNN talk show host?
We weren't anywhere near a depression. That's a leftist narrative that lacks factual connection. Had Obama done NOTHING, the economy would have been in better shape when Trump took office.
Before Trump was sworn in, the economy was wallowing in malaise and we were suffering with record low GDP and the WORST recovery from recession in our history. If you had a brain and had done some basic research, you would know this instead of looking like a CNN talk show host moron.
Ironic when YOUR posts smack of the low IQ stupidity of a CNN host. STFU you whiny, clueless economically and historically challenged moron.
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
That article is baloney; kind of what is inside that dense skull of yours arsecheese. It is claiming that the tax cuts reduced revenue. THAT is a LIE.
Once again, deficit projections have never turned out accurate in that they ignore the growth in the economy and presume that tax cuts reduce revenue, which they do not.
I am amused when CNN talk show rhetoric is used by fools like you to compare EIGHT years of Obamunism with TWO years of Trump's Presidency. I prefer the "let's wait and see" methodology.
So tell us arsecheese, with Democrats in control of the spending, have they talked about reigning in spending yet? Why not? Have you written your representative and demanded and accounting?
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
Must be "truthie" doesn't understand sarcasm along with economics
Let me help you out "truthie," a recession is a business cycle contraction when there is a general decline in economic activity, a widespread drop in spending, meaning there isn't enough currency in the economy. That is why it is called a recession, didn't you ever wonder why inflation was so low at that time or didn't Sean tell you
"Had Obama done nothing," again, let me ask you, if the Gov't didn't add money to economy at that time where would it have come from? Who would have added currency to the economy? Don't know why I am asking cause you don't have an answer, second time you avoided the question
And as much as you and the others who listen to Sean hate at admit, Trump inherited an economy on the upswing, facts prove it, everything doesn't start at zero every time a new President takes office
Give it up, you lack a basic understanding of how economics work
Of course you think it is "baloney," it invalidates your claim, I could post additional data from the CBO or other sources that measures indicators, but you would aren't going to accept them either for the same reason. Can lead a horse to water but can't make him ................
Then in response you post the traditional garbage we have been hearing back to Reagan on voodoo economics, the Lather effect, that reality has proven bogus again and again
And the point isn't what the Democrats would do, rather the hypocrisy of you and and the right who for decades told America deficits/debts was a major principle of conservatism, which we know now was never real but rather dependent upon who occupied Pennsylvania Avenue
I understand sarcasm arsecheese; I am having difficulty with your special brand of stupid. That seems to be all you can bring to the table. That and the CNN host talking points you seem to enjoy parroting.
By the way, who are you talking to when you speak of me in third person dumbass?
I have asked you to prove that there wasn't enough currency in the economy. I heard your CNN host talking points. I am asking you for EVIDENCE of this lack of currency in the economy.
How is there less currency in circulation when a recession occurs? Or didn't your CNN talk show host tell you?
Again, how was there LESS currency in the economy than before the slowdown? How does the Government magically add money to the economy?
I am still waiting for you to explain how there was suddenly LESS currency in the economy.
Well, as much as you and other leftists who listen to CNN talk show hosts hate to admit it, you're full of shit claiming the economy was on the upswing. The day Trump was sworn into office GDP was an anemic 1.6% and the labor participation rate was still at an all time low.
https://www.statista.com/statistics/...gdp-in-the-us/
https://data.bls.gov/timeseries/LNS11300000
Ironic coming from a dunce who can't get the most basic economic facts correct. I guess that is what you get when you parrot lame CNN talk show host rhetoric and can't think for yourself.
I have to laugh at your misplaced arrogance when all you do is make yourself look like a moron. You have ZERO self awareness and have NEVER been right.
Last edited by Truth Detector; 07-23-2019 at 04:53 PM.
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
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