The US needs to borrow almost $300 billion this week

You can't even keep up with your own post.

 

That is an old chart. Deficits for 2014 and 2015 were less than $500 billion.

And with the huge tax cuts and spending increases with the "new" Republicans in power, I guessing we are going to see trillion + deficits again a lot sooner than 2021-22.

 

You "routinely refute"? LMAO!

My quote was from *your* source.

 

Is that right?

Please identify the post number in which you gave this "lengthy rebuttal" to my request that you "Please quote my post where 'All your points were singularly given to Obama'".

Maybe I somehow missed it.

Doubtful.

 

Scroll back you are not helpless and you have the Alert function. It appears you are just wanting to be arugmentitive again and to run away.

 

How those people got to 2009 certainly is when you are trying to give some credit to Obama and the Democrats

Maybe you can tell folks WTF Democrats taking Congress in 2007 has to do with whether American workers were better off at the end of Obama's term as president than the beginning.[/QUOTE]

Yes I noted how much better they were in when the Democrats took back the Congress in 2007 which helped get us to where we were in 2009. I also note the horrible unemployment situation especailly AFTER Obama moved from the Senate to the White House.

But again why do you take this simplistic view it all depends on when Obama moved from the Senate to the White House. It's who controlled the Congress which you are so desperate to ignore.

Now are you going to discuss the matter or just once again engage in your argumentative dancing.

 

Yes after the Republicans took back the House and stopped the Democrats HUGE spending increases and fiscal mismanagement. Then of course the Republican sequester held down spending increases and actually cut spending and the deficits. It certainly wasn't because the Democrats wanted to do it.

 

Clinton came into office on a strong upward tax revenue growth curb. He passed his tax increase and what he did was differ the new tax revenues. 2/3's of any new taxes due were differed until 1995 and 1996. Revenue growth hit 9% in 1994 and then as the new tax rates were coming due and even at the higher rate and the differed revenues coming due tax rate growth slowed to 7% in each year. It was when Gingrich and Kaisch took back the Congress and forced him to sign tax rate cuts that tax rates again got into high gear hitting 10% in 1998. That with welfare reforms Gingrich and Kasich passed and their restrained spending produced the surpluses for which Clinton then tried to take credit and some try to fallaciously try to credit it him to this day.

 

It's gotta be hard to defend Bush when between the war and the crash he destroyed our economy.

 

Isn't statism great?

 

Bush had a lot of help from liberals especially Senator Obama.

 

Here is the vote of the Democrats on HR 1461, the Federal Housing Finance Reform Act of 2005, which was the *only* bill to regulate F/F to ever be passed (in 2005) by a chamber of the Republican controlled Congress.

Party - Ayes - Nays
Republican 209 15
Democratic 122 74

http://clerk.house.gov/evs/2005/roll547.xml

And here is the the Bush administration's response to this, the only bill to regulate F/F ever passed by either chamber of the Republican controlled Congress:

"the Administration opposes the bill"

http://www.presidency.ucsb.edu/ws/index.php?pid=24851

And here's links to an article about Republican Mike Oxley, of Sarbannes-Oxley fame, then ranking Republican majority member and chair of the House Financial Committee on Financial Services and sponsor of that bill, saying how they "got a one-finger salute” from the Bush White House.


He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”

The House bill, the 2005 Federal Housing Finance Reform Act, would have created a stronger regulator with new powers to increase capital at Fannie and Freddie, to limit their portfolios and to deal with the possibility of receivership.

Mr Oxley reached out to Barney Frank, then the ranking Democrat on the committee and now its chairman, to secure support on the other side of the aisle. But after winning bipartisan support in the House, where the bill passed by 331 to 90 votes, the legislation lacked a champion in the Senate and faced hostility from the Bush administration. Adamant that the only solution to the problems posed by Fannie and Freddie was their privatisation, the White House attacked the bill. Mr Greenspan also weighed in, saying that the House legislation was worse than no bill at all.

https://www.gpo.gov/fdsys/pkg/CREC-2009-04-02/html/CREC-2009-04-02-pt1-PgH4498.htm page HR4500

[old links]
http://www.ft.com/cms/s/0/8780c35e-7e91-11dd-b1af-000077b07658.html
http://www.salon.com/tech/htww/2008/09/10/greenspan_bush_fannie_freddie/index.html
http://krugman.blogs.nytimes.com/2008/09/10/one-finger-salute/

+++

 

Looks like Trump's tax bill may have left the US with it's highest single year debt increase in the history of that debt. Will have to wait and see. It's not good.
Tough to cut taxes and then dish out spending increases - of course Trump hasn't learned his lessons from four bankruptcies.

We needed a 1% per year across the board spending cut for the next ten years if we wanted to make a dent in this.

 

With what donald touts as a great economy, it is an absolute reckless, irresponsible sin to be running up deficits and debt. The deficits should be coming down. We are digging an ever deeper hole that will bite us in the ass the next time we have an economic crises.

But Republicans don't give a s***. They got their precious tax cuts for m/billionaires. Bunch of hypocrites.

 

Jeez, doesn't the state suck. Taking our money and giving it to those rich one percenters.

Just another reason to be sad about statism.

Statism: The most dangerous religion.

 

Holy bursting housing bubbles...you used the same source I would have used.

 

Yes, the Bush WH opposed it and killed it, the only bill ever to pass a branch of the Republican controlled Congress to regulate F/F, also supported by a majority of the Dems.

That was what I posted.

 

Well, neither Bush or Obama is the President any more - some day you're going to have to accept that Trump is President and we are still reaching record debt levels.
In fact, we just might have the highest single year debt increase in our history with Trump's Fiscal Year budget.

That's not just a Republican problem, or a Democrat problem, or a whatever-the-hell Trump is problem - it's a problem for all of us. It's got to stop.

 

You can't get there without hitting the military..... Hard.
Everyone complains about entitlements, but an increase of about 2% in Medicare and SS would fix that.

 

Hey Daniel..,.in case you didn't know I'm not Jerry Brown or the California state legislature or Chuck Schumer or the Poverty Pimp Maxine Waters.

If you had a problem with the omnibus budget bill that Trump signed into law you aren't a loan so am I along with President Trump. The only ones who were happy as clams with the $1.3 trillion dollars spending bill were the Democrats.

For every dollar that the Trump administration wanted to repair the damage inflicted on our military by Obama the Democrats wanted a dollar for social programs and pork.

 

Yes they ignore the fact that tthe Bush administration did notbthink the bill went far enough, it didn't, and would make matters worse, it did. Just as they ignore the fact the Democrats took control of the budget and fiscal policy in 2007 NOT when Obama moved to the WH and a year BEFORE the recession began.

 

Nah, it is all Obama's fault. And for you Republicans that was sarcasm!

 

And why did they oppose the bill?

 

Not Obama himself although he had a role in but the Democrats in general.

 

You keep confusing spending with revenue. Bush's tax cuts and recession crashed revenue. Democrats spent to sAve the financial system and the economy.