Feb Budget Deficit Largest on Record

No. Trump has brought our National Debt down from nearly 110% of GDP to under 104%. It's best reading in 7 years and he's just getting started!



WHOO! HOO!
Steady as she goes!
I like the trend!

 

Much MUCH better than what Obama did to the debt and deficit is this country. It's nice having a real President who knows to manage an economy.

 

His record sells itself!

RESULTS!

The US is now less indebted, in terms of debt to GDP than at any point in SEVEN years.

It just his first two years, Trump has reversed Obama's last five years of screw ups! How much better will his record be in four!



Keep It Up TRUMP!

 

When do you expect this miracle?

 

It takes a real President to remind everyone of just how bad Obama really was.

 

CBO predicts trillion-dollar deficit for next year. We've been very lucky with these record-low interest rates. We've been able to float (and reauthorize) bonds at around 3%. God help us if we hit a patch of hyper-inflation.

In any case, Trump promised balanced budgets, but who believes a word he says anyway?

 

Truth? Nobody cares about either 'deficit' or 'debt'. We have a dumbed-down population which cares about little but how much money they have in their pockets today, and how much 'free stuff' they can get from the government. The 'economy', such as it is, is run almost entirely by the Federal Reserve Banking cartel, and the economies of the rest of "the West" are run by other, similar Central Banks -- like the European Central Bank, the Bank of Japan, the Bank of England, etc.

There are two major-league countries in the world that have not allowed their economies to be run by Central Banks -- Russia and China. Check the national debt-versus-GDP of both Russia and China, and then tell us all how 'great' we're doing.... Yes, we're doing somewhat 'better' under Trump, but we've got a LONG way to go, and we've got the Federal Reserve System totally controlling the money supply and the interest rates. The Fed FEASTS on power, and everybody else gets the crumbs that fall off the Fed's banquet table....

 

Trump increased the deficit: boom!

Obama means nothing now, because Trump could have done differently.

The GOP is going to lose hugely if they argue as they do on this page.

 

They elected a dem house(taking back an average amount of seats), but LOST seats in the senate(rare occurence there). Congress is made up of the House of Representatives and the Senate. So no, the American people didn’t “elect a Dem Congress.” They chose a split Congress.

 

Math.

Carter - 43% increase in the debt during his fiscal years in office. (just 4 years).
Reagan - 186% increase in the debt during his fiscal years in office.
Bush I - 54% increase in the debt during his fiscal years on office (just 4 years).
Clinton - 32% increase in the debt during his fiscal years in office.
Bush II - 101% increase in the debt during his fiscal years in office.
Obama - 79% increase in the debt during his fiscal years in office.

Trump is on track to add another $5 trillion to the debt in his first term. Putting him on par with Obama - and Trump doesn't have a recession to deal with.

All Presidents have the power of veto.
Official numbers provided by the Treasury Department.

 

JakeStarkey said: Go back and check those figures, Zorro, because they are obviously skewered in the calculation.

The American people elected a Dem Congress and took six more governorships, and are poised for a sweep next year.

The GOP Senate was over-weighted in their behalf in 2018, and actually won only two seats when it looked like they would pick up five.

The Dem House victory was the best in fifty years.

Yes, the American People elected a Dem congress in rebuke of Trump.

 

This needs to published all over blogvers.

Carter - 43% increase in the debt during his fiscal years in office. (just 4 years).
Reagan - 186% increase in the debt during his fiscal years in office.
Bush I - 54% increase in the debt during his fiscal years on office (just 4 years).
Clinton - 32% increase in the debt during his fiscal years in office.
Bush II - 101% increase in the debt during his fiscal years in office.
Obama - 79% increase in the debt during his fiscal years in office.

 

That's an increase of 341% in the debt for Republican Presidents to 154% increase in the debt for Democrats for the same number of years in office ... just say'n.

 

They elected a split Congress. The GOP controls the senate(still) and the DNC controls the house. Usually they lose seats in the senate, not gain them. And the gains in the house were average.

And no, not the best in 50 years. Who is lying to you? We only have to go back to the last presidents administration to find one better...2010 when the DNC lost 63 seats in the house alone and another 6 in the senate.

 

The GOP did not do as well in the Senate as they should have done given the set up of the overwhelming number of Dem seats and underwhelming number of GOP seats to defend.

Yes, the Dems had their best House gain in fifty years. You need to do your reading, Sage3030. The Dems may gain another 50 seats the way the American majority is beginning to hate Trump.

 

You cherry picked with out actually including all of the facts. If you did, or rather, if you understood it, you would not be presenting such nonsense. Numbers are irrelevant without actual context, especially when it comes to defecit and debt.

It is incontrovertible that the national debt nearly doubled in eight years, which makes Obama the runaway Olympic gold-medal winner of all presidents for fiscal incompetence. The figure below compares Obama's record on red ink compared to every president since Eisenhower. Obama's record is far and away the worst.



Reagan staved off huge economic issues he inherited from Carter, rebuilt the military and increased Medicare. His economy and policies actually helped the country. Obama did the opposite. His waste of money and horrid economic policies were almost catastrophic. He also saddled the country and every President after him with considerable amount of fiscal debt to contend with. Keep in mind, he didn't create a single new job in 2009-2011 despite a $800 billion debt bomb fiscal stimulus bill.

Obama and his recovery were so bad that he almost started, single-handedly, another huge recession. If he were allowed to stay in office for a 3rd term that is exactly what would have happened. His 1.6% growth was a disgrace to anyone who knows anything about economies and recovery. Most of the left wing economists and socialist supporters are creating fantasy numbers and are spinning Obama as an economic "good" President. Nothing could be further from the truth.

Once you delve into the numbers and understand the economy, Obama is essentially the very worst economic President we have ever had. At least in the post war era. Combine that with his failed foreign policy, billions sent to terrorists and it's easy to see why he took the trophy for worst President in US history.

 

So you argue context - then try to say that while Carter is responsible for some of Reagan's problems, that the Bush Recession in no way impacted Obama.
Holy ****ing hell, dude. Really? Context? You conveniently forget the "context" that over $300 billion a year in the Obama debt is interest payments on the debt of preceding Presidents?

 

See the two biggest offenders? Reagan and GWB. Both cut taxes, while increasing spending. Trump is repeating the exact same policy, with predictable results.

What is also predictable is that Trump buys himself short-term economic benefit on the national credit card, rather than based on economic fundamentals. Vote buying at its finest, by handing out crumbs to his fans, while sticking the bill to future generations. Works all the time for the GOP.

 

I have done my reading. The GOP gained seats in the senate(not the norm). The DNC picked up seats in the House(pretty normal).

We shall see what happens, but it hasn’t happened yet. Reality is:

2010-Obama and the DNC lost 63 house seats, and 6 senate seats. Way more than the DNC gained in 2018. So best in 50 years? Not at all.

 

no it isnt, it is simply spending more than revenue.

 

To be fair - both parties have stuck it to future generations. I don't really blame them for sticking up a big middle finger toward the "work ethic" arguments of us older generations when we spent them into a hole that they will never crawl out of - and then declared ourselves a "success".

 

I am arguing using all of the facts related to economy and deficit, not cherry picking like you did.

I agree with the underlined, that is very true.

 

Needs to be repeated.

Carter - 43% increase in the debt during his fiscal years in office. (just 4 years).
Reagan - 186% increase in the debt during his fiscal years in office.
Bush I - 54% increase in the debt during his fiscal years on office (just 4 years).
Clinton - 32% increase in the debt during his fiscal years in office.
Bush II - 101% increase in the debt during his fiscal years in office.
Obama - 79% increase in the debt during his fiscal years in office.

 

Daniel Light said: ↑
So you argue context - then try to say that while Carter is responsible for some of Reagan's problems, that the Bush Recession in no way impacted Obama.
Holy ****ing hell, dude. Really? Context? You conveniently forget the "context" that over $300 billion a year in the Obama debt is interest payments on the debt of preceding Presidents?

Dude, so is Daniel Light, and he has the right of it. Look carefully before accusing anyone of anything.

 

While completely ignoring the FACTS of the state of the economy when Obama took office ... sad, dude. Just plain sad.