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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 ...

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Old 02-04-2018, 12:22 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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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"...

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Old 02-04-2018, 01:49 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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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?
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Old 02-04-2018, 02:08 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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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.
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Old 02-04-2018, 02:24 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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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?
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Old 02-05-2018, 07:16 AM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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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.
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Old 02-12-2018, 03:55 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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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.
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Old 02-13-2018, 01:27 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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Obama did it to help the children, and the poor.


Is this a possible sarcasm alert?
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Old 02-13-2018, 01:33 PM
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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...?

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Old 02-13-2018, 03:04 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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Is this a possible sarcasm alert?
Yeah you know me.
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Old 02-19-2018, 12:28 PM
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Default Re: In Shocker, Deficit Explodes Yet Again Under Republican Rule

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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?
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