America's budget deficit jumps by 17% as spending surges

ImRightYoureWrong · 2018-10-17T02:44:15.386Z

Guvnah:

WHat do you want fiscal conservatives here to do?

The growing deficits are bad.

The deficits shrunk under Obama and Clinton. Lol

MichaelScarn · 2018-10-17T02:45:31.987Z

ImRightYoureWrong:

The deficits shrunk under Obama and Clinton. Lol

only because of the fiscal hawks in congress!

who are still here but aren’t doing it any more for some mysterious reason

Have you tried applying pressure to them?

It’s hopeless.

Why?

STOP THROWING STONES IT’S ALL YOU DO!!!

dantes · 2018-10-17T02:48:37.579Z

Don’t hold your breath.

ImRightYoureWrong · 2018-10-17T02:54:24.013Z

MichaelScarn:

only because of the fiscal hawks in congress!

who are still here but aren’t doing it any more for some mysterious reason

Have you tried applying pressure to them?

It’s hopeless.

Why?

STOP THROWING STONES IT’S ALL YOU DO!!!

Ya it’s so weird. They are the ones who cut it so much under that Kenyan communist muslim. But as soon as lord trump replaces him, it doubles. Hmmmmmm so weird

MichaelScarn · 2018-10-17T02:54:52.026Z

ImRightYoureWrong:

Ya it’s so weird. They are the ones who cut it so much under that Kenyan communist muslim. But as soon as lord trump replaces him, it doubles. Hmmmmmm so weird

Can’t think of a single color, er, reason why…

Apocalypto · 2018-10-17T03:08:05.390Z

Hey guys, i’ve been out for a while but I just wanted to stop by and find out if any trump supporters have supplied a link to a tea party protest prior to 2009?

Guvnah · 2018-10-17T03:10:41.422Z

Forcefield:

I dunno, take to the streets! Make a poster featuring Trump with a bone through his nose! Scream and yell about how he’s a usurper trashing your grandchildren’s future!

Shades of LK 7:32.

Guvnah · 2018-10-17T03:17:11.742Z

Apocalypto:

Hey guys, i’ve been out for a while but I just wanted to stop by and find out if any trump supporters have supplied a link to a tea party protest prior to 2009?

I associate the seminal movement with opposition to the Bush baulouts. Whether or not it was actually called the Tea Party at that time, it was the bailouts that started the groundswell, in my opinion.

Zander · 2018-10-17T03:40:58.725Z

Apocalypto:

Hey guys, i’ve been out for a while but I just wanted to stop by and find out if any trump supporters have supplied a link to a tea party protest prior to 2009?

No dude. Just, no.

Gravityspeak · 2018-10-17T07:11:32.460Z

And as “Trump’s biggest critic,” I’m certain you will be willing to talk about the exploding debt and deficit, too. Right?

Kyshia · 2018-10-17T07:23:45.545Z

RoyalBlue:

Jesus Christ! Why all the back and forth? Anyone that’s been paying attention to ANYTHING political in the past 10 years knows that the Tea Party was nothing more than a fart in the wind prior to 2009. NOBODY is going to be able to show any proof, link, rally or anything else prior to that.

Well, this is how conservatives got on some other forums when they found out that originalism was younger than they were. They googled in desperation and offered up desperate links, mostly to blogs by crazy people.

History really makes me them angry.

WildRose · 2018-10-19T09:51:36.842Z

It’s completely factual as was shown at the time in the budget proposals and projections.

The only control of the deficit came after dem’s lost the house and went full bore with the sequester, there’s not even any arguing otherwise.

WildRose · 2018-10-19T09:55:34.313Z

The debt increased from 11.9 to 18.15 Trillion dollars during Obama’s two terms. There wasn’t one dime in debt reduction under his administration.

JimmyC · 2018-10-19T10:32:56.167Z

WildRose:

I’m completely correct, not partially.

Dem’s don’t claim the sequester, but they claim Obama was the deficit cutter when in reality the only thing that ever stopped his growing deficits was the loss of the house followed by the sequester.

Prior to that we had trillion plus dollar deficits projected for every year of his presidency and beyond.

That incorrect. In 2010, before dems lost the House, CBO projected the deficit would drop below $1 trillion starting in 2012.

https://www.cbo.gov/sites/default/files/recurringdata/51118-2010-08-budgetprojections.xls

WildRose · 2018-10-19T10:38:06.050Z

Obama’s own projections showed trillion dollar deficits into the future in 2009.

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/06/AR2009010602849.html

ImRightYoureWrong · 2018-10-19T11:02:35.504Z

WildRose:

The debt increased from 11.9 to 18.15 Trillion dollars during Obama’s two terms. There wasn’t one dime in debt reduction under his administration.

I never said there was a dime in debt reduction. Check your reading comprehension skills! You lose, again. But there was hundreds of billions in deficit reduction. Your lord trump and GOP of course ■■■■■■ that all up.

JimmyC · 2018-10-19T11:05:22.641Z

Obama’s OMB also projected it to drop below 1T in 2012.

govinfo.gov

govinfo

Official Publications from the U.S. Government Publishing Office.

WildRose · 2018-10-19T11:10:03.474Z

Try again sparky.

I suppose the GOP is also responsible for all the debt… .

You brought up the debt, not me.

WildRose · 2018-10-19T11:11:30.055Z

And that only assumes he never asked for another increase in spending beyond 2012.

IT wasn’t until after they lost the house that the brakes got put on and we all know it.

MichaelScarn · 2018-10-19T11:17:22.767Z

WildRose:

The debt increased from 11.9 to 18.15 Trillion dollars during Obama’s two terms. There wasn’t one dime in debt reduction under his administration.

Hey there! You appear to be confusing the terms “debt” and “deficit”.

The post to which you replied stated:

“Ain’t it funny as soon as Obama leaves, cons blow up the deficit.”

Deficits occur when government spending levels exceed revenue levels. Although you could follow monthly treasury reports, most people use Fiscal Years to round off deficit figures. When Obama took office, the FY2009 deficit was already in excess of one trillion dollars, and in his second term deficits had fallen to under 500 billion dollars, meaning deficits had been cut in half over the course of his presidency.

Debt, on the other hand, is the cumulative total of yearly deficits and surpluses. Over the course of Obama’s time in the white house, the debt increased by around 80%. This figure can be reliably compared to other presidents’s times in office, such as Bush who increased it by more than 100%, or Reagan who increased it by more than 200%.

Keeping this in mind, it would be accurate to characterize Obama’s time in office as one of great deficit reduction, although the debt continued to expand.