Feb Budget Deficit Largest on Record

Du

due to the worst recession in 80 years, directly caused by republicans. Obamas recovery was the longest economic expansion post wwII. He hold the record for most consecutive months of jobs growth. He tripled to stock market to record highs. All of his economic trends have continued on into the trump administration and remain unchanged. He accomplished all of that, with a republican congress intent on sabotaging his every move.

 

totally refuted by repeatedly demonstrated historical economic data.

 

Yeah yeah yeah, blah blah blah, when you can't refute the facts just claim you already did. What a bore.

 

Anyone who doesn't treat Trump just like Obama here is a complete and utter liar.

Both of them continue to go on spoending like children, adding to the problem year after year.

It is funny though how Progressives try to bring this post up, you guys literally have no say in this matter since you think we should just "print money and give it to everyone" according to AOC.

But the economy is bringing in record receipts, this is spending problem.

Pretty funny though how Progressives are trying to attack people here, like anyone believes their BS when it comes to fiscal policy. The economy is doing AMAZINGLY and they can't handle it.

 

And this is pretty much the end of the thread.

Any Progressive trying to avoid the truth and say Obama had a better economy is basically just telling a fairy tale.

They are having to do that a lot now with how well the economy is doing.

 

A recession which began a year after the Democrats took back majority power and the longest worst non-recovery in modern history with the worst unemployment record in modern history after their failed stimulus. And Obama could have prevented it had he in fact worked with the Republicans as they pledged they would work with him. He told the to take a hike.

 

And who is the only one how has called for a cut in spending and directed the heads of the agencies to present such a plan?

 

We've been through this dozens of times, rahl. The Federal Reserve banking cartel was the combine that 'accomplished' all of this! Obama was nothing but the Fed's 'house pet' -- and the sad truth is that before Obama, "W" Bush was the Fed's unwitting 'deer-in-the-headlights', blindly obeying every one of the Fed's economic dictates. And now, for many years to come, we'll be stuck with the aftermath of what this crass, manipulating banking cartel actually DID....

All of it -- including the bail-out's, the crushed interest rates, the buying of toxic "assets", plus QEI, QEII, QEIII, and "Operation Twist" were all machinations of the FEDERAL RESERVE SYSTEM... not your silly little 'community organizer' from some college ivory-tower -- a man who had never held a private-sector job in his entire LIFE.

Have you already forgotten the very best (and most accurate) political cartoon of the 2012 election campaign?

 

Pretending your bullshit hasn't been refuted by myself, and dozens of others is just silly. This forum keeps a written record of all postings.

 

repeatedly refuted this with the congressional voting record, as well as the historical economic data from 2010 to present.

 

yes, and you remain just as incorrect as the very first time.

 

Quote: Yes we need more fiscal conservatives like Gingrich and Kasich who denied Clinton his spending request

Quote: Bill Clinton, on the other hand, is the first president in over twenty years who has outspent Congress

Bluesguy, you are undoubtedly a partisan sicko!

The fact is; A fiscally responsible Congress will most likely outspent the President's spending request due to baseline budgeting.

Question; What's baseline budgeting;

Answer; Current spending + inflation + population growth, and the CBO prepares baseline projections of federal revenues, outlays, and the surplus or deficit.

Total expenditures;

FY1996
Requested by Clinton; $1.61 trillion
Actual; $1.56 trillion

FY1997
Requested by Clinton; $1.64 trillion.....5% above 1996 Actual
Actual; $1.60 trillion

FY1998
Requested by Clinton; $1.69 trillion......5.5% above 1997 Actual
Actual; $1.65 trillion

FY1999
Requested by Clinton; $1.73 trillion...….5% above 1998 Actual
Actual; $1.70 trillion

FY2000
Requested by Clinton; $1.76 trillion...….5% above 1999 Actual
Actual; $1.78 trillion

Thus, "looks like" Clinton's spending requests were only/predominantly baselined, example;

1996 annual inflation rate; 3.3%
1995-1996 population growth rate; 1.2%

However,

FY2018 Actual spending $4.109 trillion

FY2019 spending request; $4.529 trillion, which is 10% above 2018 Actual, and;

2018 inflation rate; 1.9%
2017 - 2018 population growth rate; 325.72 - 328.03; less than 1%

Thus, FY2019 spending request is unquestionably way above baseline budgeting.

 

I appreciate you honesty

I'm a center-right independent conservative/fiscal conservative, and socially, I'm a moderate.

I also believe that "a change of mentality" would easily reduce Uncle Sam's net social spending by at least 5% of GDP.

In addition, I believe our central government has too much powers, powers both Democrats and Republicans are desperately seeking in an effort to shove their beliefs down our throats, thus, perhaps the time has come to transfer several powers and fiscal responsibilities to and/or back to the States.

 

ROFLMAO oh Now is pooulaikn growth....geez
The fact remains Clinton request more spending that Congress authorized as opposed to other Presidents. The budget was balanced under Republican budgets and tax policies which Clinton's political adviser told him better get on board else not get reelected. His tax rate increase SLOWED the rate of of revenue growth and it was the Republican policies that got it back on track.

 

Yeah blah blah blah when you can't refute the facts, sorry it is impossible to have a discussion with someone who refuses to discuss.

 

Yeah yeah yeah, blah blah blah, when you can't refute the facts just claim you already did. What a bore.

 

wtf are talking about, trickle up!!!

 

well i guess you will have to endure. corporate welfare is unfair, and it is hardly done by the auto industry alone.

 

Your arguments have been directly addressed, and refuted with congressional voting records, and official economic data. You know this, and so does everyone else.

 

Your arguments have been directly addressed, and refuted with congressional voting records, and official economic data. You know this, and so does everyone else.

 

Nobody is saying Obama had a BETTER economy. That is a strawman. What is being correctly pointed out, is that the economic trend has remained unchanged since 2010. Meaning it has been on the same, steady, slow upswing since then. Trump has had no effect on this.

 

Quote: The fact remains Clinton request more spending that Congress authorized as opposed to other Presidents.

What the **** is this?

How the brain of a partisan sicko works?

Let's examine the brain of a liberal partisan sicko;

Step 1. Hate area of brain keeps reminding partisan sicko "you don't like Trump"

Step 2. Expression area of brain wants partisan sicko to tell the world "you don't like Trump"

Step 3. In an effort to discredit Trump, speech area of brain formulates a claim than can't be disproved.

and here it is;

"The fact remains, Trump did more ass grabbing as opposed to other Presidents."

 

That's simply false.

Obama's final two year trend:


Trump's two year trend.


Trying to sell that as "no trend change" is no more convincing that claiming our President is a traitorous double agent managed by Putin.

You can even hold your breath and scream it's not true, but anyone viewing the trend and experiencing the economic change since Trump took over knows full well that Trump, especially given the blizzard of lies the Left has launched at him, with the eager assistance of the Fake News Media, has flat out done a terrific job on the economy.

Sorry to drop a truth bomb on you, but for the Reality Based Community, Trump's results speak for themselves.

 

Same old problem. It never trickles down.

 

Won't it be nice when you can express yourself without name calling. Both charts have 3 data points consisting of a starting point and then a 2 year trend.

2016 is Obama's ending point, 2017 and 2018 are Trump's performance and is much much better.

Since you are expressing needless confusion, here are the two charts together, which you are claiming shows no trend change between the Obama/Trump hand off.



Your claim is nearly as ridiculous as the Left's two year blizzard of lies that our president is a Kremlin agent being run by Vladimir Putin. Do not be afraid of facts, facts are your friend. Do not flinch from testing your beliefs against real world data, to show such courage reflects well on you.

There has been a sea-change in the economy since Trump took over. Obama sucked, and Trump is really good at this.