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Thread: Trump's budget: Oceans of red ink

  1. #11
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Libertine View Post
    You posted both and they are consistent:
    Not when you factor in what was signed last week.

    But it will contribute to rising deficits and debt ...
    According to a preliminary analysis of the deal, federal deficits are projected surpass $1 trillion by 2019, a level not seen since the recession and its aftermath.

    Deficits will grow even more if the policies in the deal are extended beyond 2019. Lawmakers have also promised that individual tax cuts passed in December that are set to expire after 10 years will be extended, which would put even more pressure on the federal debt.

    The caps, which Congress set for itself in 2011, will be surpassed by about $300 billion over two years, significantly more than in the past.

    https://www.nytimes.com/interactive/...ding-bill.html

    The economy is strong right now. Why the need to add so much to the deficit??

    But I get it, somehow certain people are going to blame this on Obama, no matter what the underlying circumstances are.
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  2. #12
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    Quote Originally Posted by HayJenn View Post
    Not when you factor in what was signed last week.

    But it will contribute to rising deficits and debt ...
    According to a preliminary analysis of the deal, federal deficits are projected surpass $1 trillion by 2019, a level not seen since the recession and its aftermath.

    Deficits will grow even more if the policies in the deal are extended beyond 2019. Lawmakers have also promised that individual tax cuts passed in December that are set to expire after 10 years will be extended, which would put even more pressure on the federal debt.

    The caps, which Congress set for itself in 2011, will be surpassed by about $300 billion over two years, significantly more than in the past.

    https://www.nytimes.com/interactive/...ding-bill.html

    The economy is strong right now. Why the need to add so much to the deficit??

    But I get it, somehow certain people are going to blame this on Obama, no matter what the underlying circumstances are.
    Just wondered, did you campaign an objection when Obama was creating a worse debt?

  3. #13
    Veteran Member beatleboy's Avatar
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    Quote Originally Posted by Libertine View Post
    $7 trillion over 10 years is an improvement over the $10 trillion in 8 years we saw with the last guy.
    Always an excuse from righties, never taking responsibility. Times were much different when Obama took over, won't try to school you, but for goodness sake, take some responsibility for actions instead of always deflecting and changing the subject. I will say though, i'm all for spending on infrastructure, adding to the deficit for this i will go for.
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  4. #14
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    Quote Originally Posted by beatleboy View Post
    Always an excuse from righties, never taking responsibility. Times were much different when Obama took over, won't try to school you, but for goodness sake, take some responsibility for actions instead of always deflecting and changing the subject. I will say though, i'm all for spending on infrastructure, adding to the deficit for this i will go for.
    In his last year in office added $1.4 trillion to the national debt, $1.4 trillion in 2016 alone.

  5. #15
    Shiny Purple Member namvet69's Avatar
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    Quote Originally Posted by beatleboy View Post
    Always an excuse from righties, never taking responsibility. Times were much different when Obama took over, won't try to school you, but for goodness sake, take some responsibility for actions instead of always deflecting and changing the subject. I will say though, i'm all for spending on infrastructure, adding to the deficit for this i will go for.
    That's roughly 3 trillion in his first year. Watch how he and Ryan plan to pay for all this and for stuff to come. SocSec cuts, Medicare/medicaid cuts, food stamp cuts, AFDC cuts, Healthcare cuts, etc. It's always the middle class and working poor who pick up the tab for GOP wish lists. It's like they treat working people like a bottomless pit of money they can draw from time after time. It's comin' soon. Just watch. Ayn Rand must be on cloud nine.
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  6. #16
    Veteran Member Yetisports6 - Big Wave Champion, Bezerk Champion, All Ball Champion, Magic Gem Champion, Crystal Clear Champion, Flower Power Champion, Space Thieves TD Champion, X-treme Moto Idiot Cross Champion, Micro Tanks Champion, Race Horse Tycoon Champion, Railway Line Champion, Raju Meter 2 Champion, Metal Slug - Kill the Nazis Champion, Decoder Champion, 1 in 24 Speed v32  Champion
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    Neither party is fiscally responsible.

    The only ones even trying at times are the TEA Party members. Some of them fall short, but at least they are actively pushing it.

  7. #17
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Libertine View Post
    In his last year in office added $1.4 trillion to the national debt, $1.4 trillion in 2016 alone.
    Nice slight of hand on your part

    Barack Obama: Added $7.917 trillion, a 68 percent increase from the $11.657 trillion debt at the end of George W. Bush’s last budget, FY 2009.

    George W. Bush: Added $5.849 trillion, a 101 percent increase from the $5.8 trillion debt at the end of Clinton's last budget, FY 2001.

    https://www.thebalance.com/us-debt-b...ercent-3306296

    Hard when your trying to dig out of crappy economy you inherited. And oh look, this administration would be on track to increase the debt by about the same margin.

    All while cutting entitlements and other programs that would directly impact Trump supporters.
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  8. #18
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Crusher View Post
    Neither party is fiscally responsible.

    The only ones even trying at times are the TEA Party members. Some of them fall short, but at least they are actively pushing it.
    Mmmm, how many times did the GOP go crazy over Obama's debt/deficit?

    Could they be more hypocritical?

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    Quote Originally Posted by HayJenn View Post
    Nice slight of hand on your part

    Barack Obama: Added $7.917 trillion, a 68 percent increase from the $11.657 trillion debt at the end of George W. Bush’s last budget, FY 2009.

    George W. Bush: Added $5.849 trillion, a 101 percent increase from the $5.8 trillion debt at the end of Clinton's last budget, FY 2001.

    https://www.thebalance.com/us-debt-b...ercent-3306296

    Hard when your trying to dig out of crappy economy you inherited. And oh look, this administration would be on track to increase the debt by about the same margin.

    All while cutting entitlements and other programs that would directly impact Trump supporters.
    You cite doesn't look at the amount the debt increased and only accounts for seven years of Obama. Your cite is garbage.

    Obama added $9.3 trillion.

    2016 Obama's last year in office the deficit was stated as $500 billion, but the actually went up by $1,400 billion.

    Which amount represents the amount we actually borrowed? How much do we have to pay back?

    Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
    01/20/2009 6,307,310,739,681.66 4,319,566,309,231.42 10,626,877,048,913.08
    10/01/2015 13,059,264,833,999.48 5,091,351,232,343.05 18,150,616,066,342.53
    09/30/2016 14,173,423,516,895.82 5,400,021,197,040.97 19,573,444,713,936.79
    01/19/2017 14,403,768,885,198.20 5,540,660,331,908.57 19,944,429,217,106.77

    https://www.treasurydirect.gov/NP/debt/current

  10. #20
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Libertine View Post
    You cite doesn't look at the amount the debt increased and only accounts for seven years of Obama. Your cite is garbage.

    Obama added $9.3 trillion.

    2016 Obama's last year in office the deficit was stated as $500 billion, but the actually went up by $1,400 billion.

    Which amount represents the amount we actually borrowed? How much do we have to pay back?

    Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
    01/20/2009 6,307,310,739,681.66 4,319,566,309,231.42 10,626,877,048,913.08
    10/01/2015 13,059,264,833,999.48 5,091,351,232,343.05 18,150,616,066,342.53
    09/30/2016 14,173,423,516,895.82 5,400,021,197,040.97 19,573,444,713,936.79
    01/19/2017 14,403,768,885,198.20 5,540,660,331,908.57 19,944,429,217,106.77

    https://www.treasurydirect.gov/NP/debt/current

    My site is garbage?

    Oh the irony of that statement.

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