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Opinions & Editorials Discuss Obama leaving Trump with a massive debt crisis at the General Forum; Originally Posted by winston53660 So what's Trump gonna do about it? Cut taxes that benefit????? You'll have to ask President ...

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  #21 (permalink)  
Old 03-17-2017, 12:08 AM
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Default Re: Obama leaving Trump with a massive debt crisis

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Originally Posted by winston53660 View Post
So what's Trump gonna do about it? Cut taxes that benefit?????
You'll have to ask President Trump, or someone on his staff. I am neither. I don't get the policy updates.

President Trump, like me, may not consider it a number one problem to be solved. It might be on the list, but not the top priority.
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  #22 (permalink)  
Old 03-17-2017, 12:15 AM
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Default Re: Obama leaving Trump with a massive debt crisis

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Originally Posted by jimbo View Post
You'll have to ask President Trump, or someone on his staff. I am neither. I don't get the policy updates.

President Trump, like me, may not consider it a number one problem to be solved. It might be on the list, but not the top priority.
Oh then why do you even bother discussing it?
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Damn shame it couldn't have been a father / son event. IMHO.
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  #23 (permalink)  
Old 03-17-2017, 09:52 AM
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Default Re: Obama leaving Trump with a massive debt crisis

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Originally Posted by foundit66 View Post
Obama reduced the deficit.
That is a demonstration he did care.

It would have been spectacular if he had eliminated it.
But Repubs are in glass houses if they want to try to throw that stone considering the last three Repub presidents ALL raised the deficit.
Trump is likewise shown to be on course for doing that.
But of course, the right is all about bu-bu-bu-Obama on this one...

Tell me AZRWinger.
Is your boy Trump gonna RAISE the deficit?
Or is he gonna lower it...
Or is your silence on that a demonstration that you don't recognize or don't care...
Once again you resort to your patently dishonest tactic of editing my comment then replying to the distortion you created. It is easy to see why you are forced to rely on this deceit, the rest of my comment laid out the evidence showing Obama's indifference and incompetence as a fiscal manager.

No matter how much you want deny it, Obama had never managed so much as a hot dog stand before becoming chief executive of a nearly $4 trillion annual expenditure Federal government. Worse still, it didn't bother to even try to learn fiscal management even basic kitchen table economics.

The deficit was lowered in spite of Obama's best efforts to spend more money on vote buying schemes like a $400 billion jobs slush fund. After being forced to come up with sequestration to get the debt ceiling raised Obama mounted a capaign of hysteria against implementing its cuts to social welfare programs. Only the refusal by the Republican controlled House prevented the renewed spending that would have mushroomed the deficit again.

Trump's budget blueprint keeps the deficit at its current level. The full 10 year spend plan is scheduled for release later this spring. We can already see the positive effect of Trump's fiscal management skills in his proposal to cut spending in some areas to finance increased spending in others rather than raise taxes or blow up the deficit as Obama proposed.
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Old 03-17-2017, 10:31 AM
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Default Re: Obama leaving Trump with a massive debt crisis

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Originally Posted by jimbo View Post
Nonsense. I've never drawn a paycheck from an average man.

Who keeps Wal-Mart in business?
Is it hundreds of uber-rich folks walking through the doors buying billion dollar items?
Or is it millions of average working folks buying their daily stuff.

Too many on the right are ignorant of economics. They think that just because the rich have more money that this is what drives the economy.

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Originally Posted by jimbo View Post
I love the bolded. I think it's liberal talking point #67.
They did.
Do you contest that fact? Or just don't comprehend it.
Obama economy: Welfare dependency peaks as rich get richer - Washington Times


[quote=jimbo;877956]If Obama was there 8 years, and he was, and the rich got richer, and they did, and that's bad...[quote]

Stop right there.
I'm just saying "rich got richer". I'm not saying that's inherently bad.
Income inequality is where our economy is derailing.


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Originally Posted by jimbo View Post
If Obama was there 8 years, and he was, and the rich got richer, and they did, and that's bad, which is debatable, why is the left so enamored with the Obama economic policy?
Part of the reason the right don't get educated is that they keep derailing their own thought process.
Instead of acknowledging simple facts, you instead change the subject to a strawman of "the left so enamored with the Obama economic policy".

You have a problem with acknowledging the rich got richer under Obama.
Explain what that problem is.


Quote:
Originally Posted by winston53660 View Post
Oh then why do you even bother discussing it?
Perhaps the mistake is ours in assuming that he's trying to discuss it...
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Old 03-17-2017, 10:33 AM
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Default Re: Obama leaving Trump with a massive debt crisis

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Originally Posted by AZRWinger View Post
Once again you resort to your patently dishonest tactic of editing my comment ...

I simply refuse to reply to all your blathering on about crap that I said nothing about.
That isn't dishonesty.

It's more dishonest to quote an entire post and then respond to absolutely none of it. (Hint: you)


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Originally Posted by AZRWinger View Post
Trump's budget blueprint keeps the deficit at its current level.
Show me any economist who has that conclusion.
You can't.
Cause it's a dumb lie.
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  #26 (permalink)  
Old 03-17-2017, 11:44 AM
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Default Re: Obama leaving Trump with a massive debt crisis

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Originally Posted by winston53660 View Post
Demand is what employs people not wealthy people.
Optimism of the future comes first, which is what is happening now.

Optimism creates demand. Everything starts with an optimistic thought, than it moves to the demand.

The rich made more money under Obama, yes. But they did not feel optimistic about the future under Obama, that is why the demand was not created.

Unfortunately there were not enough Liberal business owners in the country to create a healthy demand.
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