GDP Obama Trump.

TNVolunteer73

Former Staff
Nov 2014
33,599
8,708
TN
dood. what?

Just reading that was exhausting. admit that spending doesn't matter when republicans do it and be done with it. If the deficit had gone down you could have said so. So the deficit went up, and the debt went up. but it doesn't matter because REPUBLICAN.

Spending, doesn't matter? Strange, 14.2 Trillion dollars of the national debt that is ~66% was BORROWED WHEN DEMOCRATS CONTROLLED BOTH HOUSES OF CONGRESS.

So, if you want lower Deficits VOTE GOP.
 

highway234

Former Staff
Feb 2010
17,911
7,808
Where'm I At, Doe?
Spending, doesn't matter? Strange, 14.2 Trillion dollars of the national debt that is ~66% was BORROWED WHEN DEMOCRATS CONTROLLED BOTH HOUSES OF CONGRESS.

So, if you want lower Deficits VOTE GOP.
“Reagan proved that deficits don’t matter.”
--Vice President Dick Cheney
 

TNVolunteer73

Former Staff
Nov 2014
33,599
8,708
TN
Some of those Obama deficits really belonged to the deadbeat party president known as GWBush.

Once again, silly Liberals try to REVISE HISTORY. the 2009 Deficit exploded because of STIMULUS PACKAGE... 870 billion dollars, and additional spending of 750 Billion in the OMB PASSED IN FEB. 2009..

Who was PRESIDENT in Feb 2009... (Bush Defict without the OMB and Stimulus was 397 Billion)
 

highway234

Former Staff
Feb 2010
17,911
7,808
Where'm I At, Doe?
neither party cares about deficits. but it seems pretty clear the republicans care about it less.
 

highway234

Former Staff
Feb 2010
17,911
7,808
Where'm I At, Doe?
Once again, silly Liberals try to REVISE HISTORY. the 2009 Deficit exploded because of STIMULUS PACKAGE... 870 billion dollars, and additional spending of 750 Billion in the OMB PASSED IN FEB. 2009..

Who was PRESIDENT in Feb 2009... (Bush Defict without the OMB and Stimulus was 397 Billion)
Right. Because Bush 43 drove the economy into a brick wall.
 

Jets

Moderator
Feb 2011
23,403
14,000
New York
Deficit hawks, Remmber 6 of the Deficits during Obama's 8 years were higher than Trumps current deficit. (Please explain the Deficit Hawk)... Trump era deficits under pacing those of Obama era.

Presidents do not create deficits, those are Acts of Congress, not Executive actions
Deficit hawks are those who run for office promoting fiscal conservatism. Donald Trump as a candidate made a statement about doing so and like everyone else it was empty rhetoric.
 

TNVolunteer73

Former Staff
Nov 2014
33,599
8,708
TN
Deficit hawks are those who run for office promoting fiscal conservatism. Donald Trump as a candidate made a statement about doing so and like everyone else it was empty rhetoric.
OH you mean like Democrat Congressmen.. hmm Strange.. there have been 7 Balanced Budgets since 1950... 6 were results of GOP CONGRESSES in 1969 Democrats balanced the Budget.

the top 5 highest deficits were results of Democrat Congresses.

the 6th was GOP Congresses, 7,8,9,10th highest were DEMOCRAT congresses

One more time, ONLY CONGRESS CAN BORROW MONEY...

14.2 Trillion or (~66%) of the TOTAL national Debt was borrowed when DEMOCRATS controlled BOTH Houses of Congress

4.7 Trillion (20% of the total national Debt) was borrowed when the GOP Controlled both houses.

the other 16% was borrowed when Congress was divided Democrats controlled one House and the GOP the other House of congress,

U.S. Federal Deficits, Presidents, and Congress
 
Mar 2019
806
1,293
TN
Right, Obama printed 7 Trillion new dollars to grow his economy. my question is how is trump growing the economy WITHOUT QE and pringing 1 trillion in new dollars and dumping the monies into the Markets.

Not only has Trump not devaluing the dollar by monetizing the debt his economy is outpacing Obamas...

You're, once again, confusing facts my old nemesis. Obama didn't print a damned thing. They BOUGHT up debt. That's what QE is. $4.25 Trillion dollars worth. No where near $7 Trillion. The Trump administration IS STILL HOLDING $3.8 TRILLION of that debt. They started trying to slowly sell it off, but it created "instability" in the markets so they stopped. They're still "planning" to try and sell off a couple hundred billion by the end of the year.

The FACT remains, government debt holdings are STILL PROPPING UP THE ECONOMY. Trump, or at least the fed, knows damned well unloading those bonds would crash the economy. So until Trump has sold off every single dollar's worth of the debt the government bought, he CAN NOT truly claim the economy is all his own !! It's STILL being supported by QE.

As a side note, the economy is it also STILL being supported by that horrible, terrible $1.4 trillion dollar deficit you constantly bitch about, AND the STIMULUS package it contained. Even now, ten years later, states are still building roads and bridges with the money allocated under the stimulus package.
 
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Jets

Moderator
Feb 2011
23,403
14,000
New York
OH you mean like Democrat Congressmen.. hmm Strange.. there have been 7 Balanced Budgets since 1950... 6 were results of GOP CONGRESSES in 1969 Democrats balanced the Budget.

the top 5 highest deficits were results of Democrat Congresses.

the 6th was GOP Congresses, 7,8,9,10th highest were DEMOCRAT congresses

One more time, ONLY CONGRESS CAN BORROW MONEY...

14.2 Trillion or (~66%) of the TOTAL national Debt was borrowed when DEMOCRATS controlled BOTH Houses of Congress

4.7 Trillion (20% of the total national Debt) was borrowed when the GOP Controlled both houses.

the other 16% was borrowed when Congress was divided Democrats controlled one House and the GOP the other House of congress,

U.S. Federal Deficits, Presidents, and Congress
Ok, so show the part of the chart that demonstrates the Trump administration lowering the deficit under the GOP Congress between 2016 and 2018.
 

Libertine

Moderator
Apr 2015
15,667
2,997
Katmandu
You're, once again, confusing facts my old nemesis. Obama didn't print a damned thing. They BOUGHT up debt. That's what QE is. $4.25 Trillion dollars worth. No where near $7 Trillion. The Trump administration IS STILL HOLDING $3.8 TRILLION of that debt. They started trying to slowly sell it off, but it created "instability" in the markets so they stopped. They're still "planning" to try and sell off a couple hundred billion by the end of the year.

The FACT remains, government debt holdings are STILL PROPPING UP THE ECONOMY. Trump, or at least the fed, knows damned well unloading those bonds would crash the economy. So until Trump has sold off every single dollar's worth of the debt the government bought, he CAN NOT truly claim the economy is all his own !! It's STILL being supported by QE.

As a side note, the economy is it also STILL being supported by that horrible, terrible $1.4 trillion dollar deficit you constantly bitch about, AND the STIMULUS package it contained. Even now, ten years later, states are still building roads and bridges with the money allocated under the stimulus package.
That debt was bought with printed money. That $4.5 trillion balance sheet was maintained, as debt matured, it was replaced using printed money. I don't know what the total value is, but certainly over $5 trillion. Trillions of that was buying worthless mortgage based securities from private Wall Street investment banks that helped put Obama in office.

Have any examples of any current projects being funded by the 2009 stimulus, don't you remember that we found out there was no such thing as shovel ready jobs.

Those assets don't have to be sold, they can be allowed to mature and not replaced.


Federal Reserve Board - Recent balance sheet trends