Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss In Shocker, Deficit Explodes Yet Again Under Republican Rule at the Political Forums; Originally Posted by FrancSevin Wasn't he the same guy who complained about Bush43 saying, raising the debt was "tantamount to ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #11 (permalink)  
Old 02-04-2018, 01:22 PM
cnredd's Avatar
Administrator
 
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 52,232
Thanks: 1,997
Thanked 31,962 Times in 18,662 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by FrancSevin View Post
Wasn't he the same guy who complained about Bush43 saying, raising the debt was "tantamount to Treason?"
I don't remember "treason", but I definitely remember Obama saying it was "irresponsible" & "unpatriotic"...

__________________
"You get the respect that you give" - cnredd
Reply With Quote
The Following User Says Thank You to cnredd For This Useful Post:
  #12 (permalink)  
Old 02-04-2018, 02:49 PM
WallyWager's Avatar
Moderator
 
Join Date: Jan 2011
Location: Michigan
Gender: Male
Posts: 10,824
Thanks: 1,512
Thanked 8,387 Times in 5,290 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by cnredd View Post
Says the supporter of the guy who raised the debt more than all mentioned combined...
The guy that inherited a 1.4 trillion deficit and a massive recession, and lopped off almost two-thirds of it through mildly raising taxes and growiing the economy? On top of a booming stock market, and the longest job growth streak ever? Sure. I support that guy. Call me crazy lololol.

Also I don't get what me suppprting a guy that ended his presidency with a healthier budget than when he started has anything to do with the 30+ years of GOP bullish-tting on fiscal matters. They always run on being better on budgets, but end up with the worse track record in hindsight. So when Trump, self-proclaimed "king of debt" (We'll print more money and do debt buybacks) does the traditional tax cut plan, in spite of claiming his plan would hit the rich which was a total lie, which most economists say will raise the deficits, and apparently is, what am I supposed to believe?
__________________
"Growing up really poor means realizing in your twenties that mommy was lying when she said she already ate " - Reddit poor thread
Reply With Quote
The Following 2 Users Say Thank You to WallyWager For This Useful Post:
  #13 (permalink)  
Old 02-04-2018, 03:08 PM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 11,703
Thanks: 6,811
Thanked 9,583 Times in 5,454 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by cnredd View Post
I don't remember "treason", but I definitely remember Obama saying it was "irresponsible" & "unpatriotic"...

http://www.youtube.com/watch?v=1kuTG19Cu_Q
Ya got me on that.

Thanks for the correction.
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE
Reply With Quote
  #14 (permalink)  
Old 02-04-2018, 03:24 PM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 11,703
Thanks: 6,811
Thanked 9,583 Times in 5,454 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by WallyWager View Post
The guy that inherited a 1.4 trillion deficit and a massive recession, and lopped off almost two-thirds of it through mildly raising taxes and growiing the economy? On top of a booming stock market, and the longest job growth streak ever? Sure. I support that guy. Call me crazy lololol.

Also I don't get what me suppprting a guy that ended his presidency with a healthier budget than when he started has anything to do with the 30+ years of GOP bullish-tting on fiscal matters. They always run on being better on budgets, but end up with the worse track record in hindsight. So when Trump, self-proclaimed "king of debt" (We'll print more money and do debt buybacks) does the traditional tax cut plan, in spite of claiming his plan would hit the rich which was a total lie, which most economists say will raise the deficits, and apparently is, what am I supposed to believe?
How does producing a national debt total which exceeds the GDP of the nation constitute a better budget. And when you consider federal revenues increased dramatically during his terms, why did he never achieve a balanced budget? Not even once.


Despite a "booming stock market" and, appropriating for spending almost a $trillion (off budget) we didn't have within the first month of his first term to stimulate the economy, (it didn't) he went on to overspend that $1.4 trillion almost every year in office. Doubling in only 8 years the debt we had accumulated since the 1950's.

It is quite an achievement to bring in over $24 trillion dollars and still have to borrow another $10 trillion. How does that compute as any kind of success?

Meanwhile, back in the state of realities,,,;The stock market and big corporations got bigger and richer whilst the poor got poorer and the middle class dissolved.

For all those 8 years of lackluster performance he blamed his predecessor,(as you have done here). And since then wants to take credit for the accomplishments of his successor. Who BTW inherited a truckload of issues from social unrest, a corrupted government bureaucracy , to a stagnant economy. How can you logically defend that record?
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE

Last edited by FrancSevin; 02-04-2018 at 03:31 PM..
Reply With Quote
The Following 3 Users Say Thank You to FrancSevin For This Useful Post:
  #15 (permalink)  
Old 02-05-2018, 08:16 AM
GetAClue's Avatar
Master
 
Join Date: Jan 2011
Location: Northern Ohio
Gender: Male
Posts: 1,563
Thanks: 2,106
Thanked 1,308 Times in 748 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by WallyWager View Post
The guy that inherited a 1.4 trillion deficit and a massive recession, and lopped off almost two-thirds of it through mildly raising taxes and growiing the economy? On top of a booming stock market, and the longest job growth streak ever? Sure. I support that guy. Call me crazy lololol.

Also I don't get what me suppprting a guy that ended his presidency with a healthier budget than when he started has anything to do with the 30+ years of GOP bullish-tting on fiscal matters. They always run on being better on budgets, but end up with the worse track record in hindsight. So when Trump, self-proclaimed "king of debt" (We'll print more money and do debt buybacks) does the traditional tax cut plan, in spite of claiming his plan would hit the rich which was a total lie, which most economists say will raise the deficits, and apparently is, what am I supposed to believe?
Still giving him credit for the stock market? As I explained in another thread, that is solely contributed to QE1 and QE1 (Quantitative Easing), you know where the Fed prints money and injects it into the market to drive stock prices. They were essentially propping up Wall Street by inflating the dollar.

Yea, I'll give Obama credit for that.
__________________
To argue with a person who has renounced the use of reason is like administering medicine to the dead - Thomas Paine
Reply With Quote
The Following 3 Users Say Thank You to GetAClue For This Useful Post:
  #16 (permalink)  
Old 02-12-2018, 04:55 PM
Dog Man's Avatar
Down Boy!
 
Join Date: May 2013
Location: Southern Nevada
Gender: Male
Posts: 9,083
Thanks: 2,624
Thanked 3,754 Times in 2,680 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by GetAClue View Post
Still giving him credit for the stock market? As I explained in another thread, that is solely contributed to QE1 and QE1 (Quantitative Easing), you know where the Fed prints money and injects it into the market to drive stock prices. They were essentially propping up Wall Street by inflating the dollar.

Yea, I'll give Obama credit for that.
Obama did it to help the children, and the poor.
Reply With Quote
The Following User Says Thank You to Dog Man For This Useful Post:
  #17 (permalink)  
Old 02-13-2018, 02:27 PM
GottaGo's Avatar
Sanity is overrated.
 
Join Date: Aug 2009
Location: Miles to go before I sleep
Posts: 11,106
Thanks: 8,819
Thanked 7,200 Times in 4,627 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by Dog Man View Post
Obama did it to help the children, and the poor.


Is this a possible sarcasm alert?
__________________
Your life is the sum total of the choices you make.
If you can't laugh at yourself, you might as well get embalmed
Reply With Quote
The Following User Says Thank You to GottaGo For This Useful Post:
  #18 (permalink)  
Old 02-13-2018, 02:33 PM
Lumara's Avatar
Belly Dance Queen
 
Join Date: Apr 2015
Location: Great Smoky Mountains
Gender: Female
Posts: 1,983
Thanks: 2,622
Thanked 2,491 Times in 1,211 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

I don't understand why the left vilifies the Koch brothers while giving Soros a pass. Maybe someone on the left can explain this...?

Quote:
Originally Posted by RedState View Post
__________________
Every time someone tells me "You're gonna regret that in the morning" I sleep in until noon because I'm a problem solver.
Reply With Quote
The Following User Says Thank You to Lumara For This Useful Post:
  #19 (permalink)  
Old 02-13-2018, 04:04 PM
Dog Man's Avatar
Down Boy!
 
Join Date: May 2013
Location: Southern Nevada
Gender: Male
Posts: 9,083
Thanks: 2,624
Thanked 3,754 Times in 2,680 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by GottaGo View Post


Is this a possible sarcasm alert?
Yeah you know me.
Reply With Quote
  #20 (permalink)  
Old 02-19-2018, 01:28 PM
PW Enlightenment
 
Join Date: Mar 2009
Location: Tennessee
Gender: Male
Posts: 8,971
Thanks: 9,073
Thanked 3,555 Times in 2,327 Posts
Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

Quote:
Originally Posted by WallyWager View Post
At least Democrats TAX and spend. GOPers complain about spending and the deficit, then when they get into power they outspend the tax-and-spenders and then cut revenues to where even economic growth doesnt make up for the budget gap they created.
This assumes--rather bizarrely, I think--that lower tax rates translate, automatically, into reduced revenues to the federal government.

This is static economic theory--as opposed to dynamic economic theory.

Why would anyone imagine that all sentient (and unbiased) people agree upon the former?
__________________
"In his second inaugural address, [Franklin D.] Roosevelt sought 'unimagined power' to enforce the 'proper subordination' of private power to public power. He got it…"—George Will, July 8, 2007
Reply With Quote
The Following 2 Users Say Thank You to pjohns For This Useful Post:
Reply

Tags
again, deficit, explodes, republican, rule, shocker, under, yet

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 03:01 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0