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02-15-2023, 10:12 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by whell
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There have been 13 surplus years since Hoover: 1998 -2001, 1969, 1957, 1956, 1951, 1949,1948, 1947, 1930 and 1929. https://www.thebalancemoney.com/us-d...y-year-3306306)
It would appear that the Democrats have the surplus lead at 7 to 6.
__________________
"We have met the enemy and he is us."
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02-16-2023, 05:26 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by bobabode
Quoted from your link, Mike.
"IF YOUR TIME IS SHORT
• Biden’s number is accurate; about one-fourth of the total debt incurred to date came on Trump’s watch."
Sounds like everything that comes after that is horsecrap. What I don't get is why you reflexively defend the naranja nitwit.
Oh well.
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The key part of the article that you conveniently omitted:
A key point that Biden glossed over is that much of the current federal debt stems from mandatory payments, such as those for Social Security and Medicare. These began spiking when the baby boom generation started drawing heavily from these programs around 2010. Not coincidentally, that’s when the federal debt began accelerating.
Generations of politicians in both parties approved and modified these programs long before Trump took office.
"It is always challenging to figure out how much spending was on whose watch," said Steve Ellis, president of the federal budget-watching nonprofit group Taxpayers for Common Sense.
Similarly, the biggest single spikes in the federal debt came from the initial rounds of coronavirus relief legislation in 2020. Trump signed them, but they passed with broad bipartisan support.
Why are you lying, Bob?
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02-16-2023, 05:39 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by nailer
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13 balanced budgets in just over 90 years is not a track record to admire.
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02-16-2023, 08:29 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,909
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Quote:
Originally Posted by whell
The key part of the article that you conveniently omitted
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So, the 25% figure is indeed correct with added context. The other key point is that during Trumps term, Congress extended the debt limit 3 times without preconditions. Why did you fail to acknowledge that?
__________________
As long as the roots are not severed, all will be well in the garden.
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02-16-2023, 10:27 AM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,224
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Quote:
Originally Posted by whell
The key part of the article that you conveniently omitted:
A key point that Biden glossed over is that much of the current federal debt stems from mandatory payments, such as those for Social Security and Medicare. These began spiking when the baby boom generation started drawing heavily from these programs around 2010. Not coincidentally, that’s when the federal debt began accelerating.
Generations of politicians in both parties approved and modified these programs long before Trump took office.
"It is always challenging to figure out how much spending was on whose watch," said Steve Ellis, president of the federal budget-watching nonprofit group Taxpayers for Common Sense.
Similarly, the biggest single spikes in the federal debt came from the initial rounds of coronavirus relief legislation in 2020. Trump signed them, but they passed with broad bipartisan support.
Why are you lying, Bob?
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Why did you omit the real truth that was right in front of your face in your own link? You really have this nasty habit of lying directly and/or by omission. I guess you've had good teachers in the rightwing swill you so easily swallow.
PS Doesn't the Catholic church call that a sin?
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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02-16-2023, 10:54 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by whell
13 balanced budgets in just over 90 years is not a track record to admire.
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Weak deflection.
Hard to accept that the evidence shows both parties are the same when it comes to deficit spending?
__________________
"We have met the enemy and he is us."
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02-16-2023, 10:57 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by finnbow
So, the 25% figure is indeed correct with added context. The other key point is that during Trumps term, Congress extended the debt limit 3 times without preconditions. Why did you fail to acknowledge that?
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Pretty sure we'd be pretty much in the same place deficit wise if Clinton had won in '16. Possibly even a tad worse.
__________________
"We have met the enemy and he is us."
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02-16-2023, 11:49 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,909
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The Biden Economy
Quote:
Originally Posted by nailer
Pretty sure we'd be pretty much in the same place deficit wise if Clinton had won in '16. Possibly even a tad worse.
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And if chickens had lips they would not have to eat with their peckers. 😜
Seriously though, we know with near certainty that Democratic presidents would not have passed the budget-ballooning Dubya and Trump tax cuts.
__________________
As long as the roots are not severed, all will be well in the garden.
Last edited by finnbow; 02-16-2023 at 12:24 PM.
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02-16-2023, 12:44 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by finnbow
And if chickens had lips they would not have to eat with their peckers. 😜
Seriously though, we know with near certainty that Democratic presidents would not have passed the budget-ballooning Dubya and Trump tax cuts.
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Don't forget King Ronnie's Economic Recovery Tax Act of 1981 and Tax Reform Act of 1986. The inspiration for our last two GOP presidents.
__________________
"We have met the enemy and he is us."
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02-16-2023, 01:43 PM
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Ready
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Join Date: Oct 2013
Posts: 19,168
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Of course Reagan also raised SSA/Medicare taxes. A regressive hit on the working class, capped to hold the wealthy harmless. That alone should make him a truly hated president, but he was Teflon Ron.
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