Feb Budget Deficit Largest on Record

YOUR QUOTE; "What we want is real GDP Growth in excess of Debt growth

I will not read your post any further as your opening statement is nonsensical.

It makes no sense wanting the growth rate of Nominal GDP "adjusted to inflation" in excess of the national debt growth rate, due to the fact the national debt isn't adjusted to inflation.

Thus, what YOU want is the growth rate of Nominal GDP in excess of the national debt growth rate.

In other words, in plain language, REDUCE THE DEBT TO GDP

By the way, I never heard Trump say anything about REDUCING THE DEBT TO GDP, thus, who's WE? As far as I know, he once promised to eliminate the debt in 8 years.

 

Why does the right wing allege to subscribe to Capitalism?
http://www.usdebtclock.org/

 

Quoted by bluesguy; It was not the government job to regulate housing prices or any other prices.

In an effort to avoid a real estate bubble, and possibly a burst, a government DOES NOT regulate housing prices
DOES NOT regulate housing prices
DOES NOT regulate housing prices

Instead, a RESPONSIBLE government will implement measures that will LOWER the demand, thus, cool off a hot market by making it harder to qualify for a government-backed mortgage, such as;

a. raise down payment requirements
b. reduce amortization periods
c. increase credit score requirements
d. raise insurance premium

And yes, had they implemented the above-mentioned measures in 2005, the liberals would have jumped off their rocking chairs.

 

Because we support Free Enterprise and Free Markets, Silly!

 

Of course you won't, because you cannot refute that Trump's GDP production is vastly superior to Obama's.

I told you that Trump's number for two year debt growth is a bit higher nominally and flat inflation adjusted. This isn't a dark mystery, inflation adjusters to convert 2016 dollars to 2018 dollars abound. Are you completely unfamiliar with the concept of google searches?

https://www.google.com/search?q=con...0l2j69i59l3.2913j0j7&sourceid=chrome&ie=UTF-8

You can use nominal numbers for both, or inflation adjusted for both, the bottom line remains the same.

Yes. Well, when it's climbing as it was when Trump took over, the first thing you want to do is level it off, which he has already done.

Over Obama's last two years the debt climbed 3 points. Over Trump's first two years it has remained flat.



You didn't predict that Trump would stop the rise in debt to GDP over his first two years, nobody did.

Please supply some links to your posts raising the alarm over Obama raising the Debt to GDP by 3 points over his last two years. If this was of grave concern to you, I would imagine you are thrilled that Trump has already capped that rise and kept it flat over two years.

 

aren't capitalists suppose to run massive federal budget surpluses not massive federal debt?

 

And these are during Trumps great economy. We can’t even blame it on a recession. But, we will get back in line by cutting SS and Medicare. These programs are paid by payroll taxes. Which means, the middle class will pay for the stupid tax cuts for the rich and the huge deficit.

 

The Best, Tax Cut economics can do?

 

QUOTE: Of course you won't, because you cannot refute that Trump's GDP production is vastly superior to Obama's.

I've been an independent since 2007, and since then, on several sites, I've intellectually, honestly, unbiasedly, and realistically confronted Bush's loyalists, Obama's loyalists, and now, Trump's loyalists, and I also believe that the most common mental sickness in America is partisan politics, a sickness that makes most partisan people blind, irrational, and nonsensical.

You want me to say Trump's GDP production is vastly superior to Obama's, but I won't for the simple fact there is no such thing as a Gross Domestic Product PRODUCTION.

 

Trump's debt growth is about the same as Obama's, though his GDP growth is much better.

 

All I have seen from you so far is a lot of self congratulatory spin. But, back to topic. Trump's Federal Debt growth is pretty much flat to Obama's though Trump's GDP growth is greatly superior.

Also, I see you were unable to provide any links to your posts raising the alarm over Obama raising the Debt to GDP by 3 points over his last two years. If this was of grave concern to you, I would imagine you are thrilled that Trump has already capped that rise and kept it flat over two years.

 

Your guy inherited upward trends not a Recession. Tax Cut economics are worthless if they don't balance the budget.

 

Trump had nothing to do with the economy. Let’s not pretend he’s anymore then just an idiot huckster who claims he knows words,all 73 of them.

 

Lets see. Trump borrows .8% of GDP and plugs it into the economy and you think it's great GDP went up .8 percent.
Great! Lets do it again for this year.

 

Trump's held Debt to GDP flat over his first two years in office.
Obama increased debt to GDP by 3 points over his last 2 years.
Clearly Trump has the superior performance.

 

Even though his debt growth was essentially flat to Obama's, his Real GDP growth was much much better.

Obama increased GDP by only $759.36B over his final two years.
Trump has increased GDP by $907.25B over his first two years.



Again Trump clearly has the superior performance. But, who cares who gets the credit, we are just happy for the American People.

 

No, Obama handed off an economy plunging toward zero. His 2016 growth number plunged all the way down to 1.6%. Trump quickly flipped Obama's downward trend into an upward one and the rest is history.

 

Add Trumps 150 billion of borrowed money to Obama's GDP numbers. What do you get?
And that's only the one year. You can't borrow your way into prosperity.

 

Why would Free Markets and Free Enterprise be compelled to run massive budget surpluses?

 

didn't even miss the Recession due to all of the socialism involved?

 

GDP was really going south in 2016. Trump grabbed it and flipped it right around. But hey, who cares who gets the credit. We are all just happy for the American People

 

Keep

 

nothing but special pleading? a longer time frame shows normal volatility. the right wing was trying to take credit for normal volatility.

 

Trump's only been President for two years, when he's been President longer, the comparison will be longer.

That's not a denial that Trump's record is superior to Obama's.
That's an explanation for WHY Trump's performance is superior to Obama's.

Your concession is gracefully accepted.

 

Exactly. Reagan, Bush now trump did their tax cut song and dance which temporarily stimulates the economy, but services are cut back, local taxes go up as a result and the money never trickles down to the middle class. Same old same old.....the base never learns. We’re due for a Trump recession....like the last 9-10 by Repos. But Trump will tell his base that cutting their healthcare is a good thing, for the void of his fourth Reich.