Treasury:U.S. federal budget deficit fell from $2.6 trillion to $1.4 trillion in 2022

ExpressLane said:
So the Demmocrats didn't over spend as much money in 2022 as they over spent in 2021 . Yeah?
Click to expand...

Explain to me, Breakdown Lane, where under-taxing ends and overspending begins.

Would having completely incompatible values have influence as to where two people would draw that line?

The real discussion has nothing to do with overspending.
It has to do with incompatible values.

Perhaps that's too nuanced for a reichnut like yourself, but if it isn't, feel free to explain where you draw your lines.
 
evince said:
Because they are not idiots like you
Click to expand...

And... Once again, you don't know shit...

https://scholar.harvard.edu/files/mankiw/files/skeptics_guide_to_modern_monetary_theory.pdf

Modern Monetary Theory (MMT): Definition, History, and Principles
https://www.investopedia.com/modern-monetary-theory-mmt-4588060

What Is Modern Monetary Theory?

Policy and business circles these days buzz about something called modern monetary theory (MMT). Many claim it explains why budget deficits do not matter and why monetary ease, “printing money,” can cover the difference between spending and taxes and never produce inflation.
Click to expand...
https://www.forbes.com/sites/miltonezrati/2019/05/28/what-is-modern-monetary-theory/?sh=68cb53f13186

What I jokingly pointed out is what government actually thinks. While neither party openly admits they practice MMT, they do it by actions and example.
 
BartenderElite said:
Republicans love to claim that Dems are a disaster for the economy, every time.

When Clinton passed his economic package in the early '90s, they predicted a Depression, and ridiculed Dems who voted for it. What followed was the greatest prosperity we've known.

Bush left office w/ the economy in a tailspin. When Obama passed the stimulus, conservatives again predicted a Depression - but the economy turned as soon as it passed, and it led to the longest peacetime recovery in modern times.

Trump botched the response to COVID, and like his GOP predecessors, left office w/ the economy spiraling downward. He was statistically the worst jobs President in modern history. Biden keeps adding jobs, and the economy is doing better, despite all of the challenges.

There is no real way to dispute it, based on proven history: Democrats are better for the American economy.
Click to expand...

You are a man of great wisdom and insight, BE.

When Barack Obama was sworn in as the 44th president of the United States on January 20, 2009, the U.S. stock market was in free fall. The financial crisis was in full swing following the collapse of Lehman Brothers and the Standard & Poor’s 500 index, a popular measure of the U.S. stock market, closed at 805 points on Inauguration Day.

Eight years later, the S&P 500 index has risen to 2,274 points after one of the great bull runs in stock market history. With Obama as president, the U.S. stock market, as measured by the S&P 500, returned 235%, or 16.4% annualized.
The Obama stock market trounced the stock market of his presidential predecessor, George W. Bush, which fell 30.6% from January 20, 2001 to January 20, 2009. Bill Clinton’s stock market, however, beat the Obama stock market, returning 264%, or 17.5% annualized.
 
PostmodernProphet said:
Carter......inflation............Clinton........Obama.......doubled the national debt....Biden......inflation.....so, to be fair, not every time.......but it was three out of four......
Click to expand...

Clinton? The greatest prosperity that our country has known?

Obama, who turned the economy around from the Bush crash, and led the longest peacetime recovery in modern times?

Seems like you didn't really think that one through...
 
BartenderElite said:
Clinton? The greatest prosperity that our country has known?

Obama, who turned the economy around from the Bush crash, and led the longest peacetime recovery in modern times?

Seems like you didn't really think that one through...
Click to expand...

seriously......what did I say about each of the four.......do you deny the truth?....././
 
Joe Capitalist said:
BREAKING: Joe Biden scores a HUGE win as the Treasury Department announces that the U.S. federal budget deficit fell from $2.6 trillion to $1.4 trillion in 2022 — proving Democrats are far more fiscally responsible than Republicans with their rich tax cuts.
Click to expand...

Without a citation it's your opinion. Thank you for your opinion but you're a retard so your opinion doesn't impress me.
 
BartenderElite said:
Clinton? The greatest prosperity that our country has known?

Obama, who turned the economy around from the Bush crash, and led the longest peacetime recovery in modern times?

Seems like you didn't really think that one through...
Click to expand...

The operative word is "think". You could've stopped typing after that word. PostMortemPolyp doesn't do much thinking.
 
Good news: in 2022, the deficit was sliced in half to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.

This is the biggest drop in history.
 
You must log in or register to reply here.
Back
Top