Here’s the chart of the yearly deficit colored in by which party actually controlled the budget.
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Still more than before. Just less than Dems.
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Yup.
Referencing my chart above: I’m not “happy” with the red sections. But I’m certainly not voting for or going to claim the blue sections are more fiscally responsible. That’s just lib idiocy.
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Word!!
I voted for this!
Regardless of plans and campaign promises, both parties are irresponsible when they control the budget. Yes, one more than the other. But until we stop using the bad actions of one party to justify the bad actions of the other, nothing will change.
I don’t disagree with this statement.
But it’s still disingenuous for the side that votes for the people that spend more to complain about the side that spends less as spending too much.
It’s like the guy on a bullet bike going 120mph complaining about the minivan speeding to much when they are going 60 in a 50.
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Has spending increased or decreased since the Republicans took control of every lever of government?
And a follow up: please link to the government shut down bill the dems are proposing that wants to spend LESS than the republicans CR.
I’ll wait.
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That’s a two-sided equation and you are mixing them. I asked if Government spending had increased or decreased.
Who said that? Certainly not me. The Democrats (and a growing number of Republicans) want to continue the ACA subsidies the R’s cut in the spending priorities bill earlier this year.
It is not blind partisanship
(read my psot again wiht you six-shootersi n their holster.)
I am simply pointing out how ridiculuous it is for the the party
that spends money like a firehose to attack Donald Trump on the issue.
Do you think this is gonna get votes?
Next up:
—> GOP poster points out that D’s are not very woke
and are refusing to put transvestites into child library programs.
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I had to read that twice.
Is Trump sponsoring a line of feminine products? :ROFL
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There’s nothing wrong with holding politicians to their promises. Trump and the GOP promised to to reduce government spending and debt, not increase it. You want to defend that because you think the other party is worse, and the debt climbs higher and higher and higher.
The bulk of the debt is due to tax cuts snce the 1980’s.
The Reagan tax cuts, particularly the massive 1981 cut, did not pay for themselves through economic growth and substantially reduced federal revenues. This led to a tripling of the national debt during the 1980s, from nearly $1 trillion to $2.9 trillion.
Contributing Factor to Current Debt: The cumulative effect of tax cuts since the Reagan era (including those under the Bush and Trump administrations) is a major driver of the current debt level. One analysis found that tax cuts are responsible for 57% of the increase in the debt-to-GDP ratio since 2001, and over 90% if major one-time spending (like COVID-19 relief) is excluded.
Well, that is becasue those policies would not work.
The amount of gold currently held by governments is far too small to back the trillions of dollars in circulation, notes Bullion Exchanges and Medium. A return would require a dramatic revaluation of gold, which would devalue the dollar and cause widespread inflation.
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That is a correct statement.
In colonial days several colonies used tobacco certificates as money.
That was authentic (authentic is important.)
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The economy was based on tobaccos and lots and losts of tobacco was stored, waiting for shipment to europe. And every time a farmer put a barrel of tobacco into storage he got a piece of paper showing he owned it.
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Coinage of the day was based on silver and it would have been REALLY EXPENSIVE to importa bunch of silver, whihc no one used, just to sequester it and issue silver backed currency. (Much the same as if the US tried to go onto a real gold standard now.)
What they did . . .
What the free market did all on its own . . .
Was to start swapping those “tobacco ownership certificates” as money.
When the gov’t does not interfere and declare “Gold must be money and this must be the price” ther free market has used
- Salt
- Cowry shells
- animal pelts
- bricks of tea
- bolts of cloth
- peppercrons
- ivory
- copper rods
- nails (ten pennny nail?)
and many other things as money, without the important step of issuing paper ownership certificates.
As a rule these worked better when the economy was based on that commodity anyway,
That doesn’t jive with the fact that debt goes way up under liberal congresses.
Or is this one of those things where the spending was by a liberal congress, but Regan was still president so they blame him for it?
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Tax cuts, and spending on the military was the main causes of the debt going up in the 1980’s,
Bush tax cuts, and starting an unnecessary war is also a huge part of the debt.
But go ahead and keep blaming liberals…despite the evidence does not support that assertion. Liberals do spend, but they also raise taxes.