Running huge deficits during a historic financial crisis at near 10% unemploymemt is bad. Running huge deficits at 4% unemployment in a stable economy is good.
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That’s a complete fabrication. Without the cuts we’d be millions of jobs and millions of taxpayers in the hole.
Already did the the last three times you tried to claim this.
Not going to do it again.
There is absolutely zero evidence to support this assertion.
No you haven’t. You can’t.
Yes I have, and I can.
Your inability to understand how to do the proper math is not my problem.
Which is bigger?
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FY 2019 - $3.422 trillion, estimated.
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FY 2018 - $3.34 trillion, estimated.
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FY 2017 - $3.32 trillion.
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FY 2016 - $3.27 trillion.
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FY 2015 - $3.25 trillion.
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FY 2014 - $3.02 trillion.
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FY 2013 - $2.77 trillion.
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FY 2012 - $2.45 trillion.
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FY 2011 - $2.30 trillion.
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FY 2010 - $2.16 trillion.
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FY 2009 - $2.10 trillion.
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FY 2008 - $2.52 trillion.
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FY 2007 - $2.57 trillion.
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FY 2006 - $2.4 trillion.
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FY 2005 - $2.15 trillion.
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FY 2004 - $1.88 trillion.
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FY 2003 - $1.72 trillion.
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FY 2002 - $1.85 trillion.
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FY 2001 - $1.99 trillion.
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FY 2000 - $2.03 trillion.
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FY 1999 - $1.82 trillion.
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FY 1998 - $1.72 trillion.
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FY 1997 - $1.58 trillion.
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FY 1996 - $1.45 trillion.
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FY 1995 - $1.35 trillion.
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FY 1994 - $1.26 trillion.
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FY 1993 - $1.15 trillion.
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FY 1992 - $1.09 trillion.
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FY 1991 - $1.05 trillion.
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FY 1990 - $1.03 trillion.
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FY 1989 - $991 billion.
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FY 1988 - $909 billion.
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FY 1987 - $854 billion.
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FY 1986 - $769 billion.
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FY 1985 - $734 billion.
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FY 1984 - $666 billion.
Wait . . .
so your saying 22 trillion in debt is GOOD?
My figures show, the US government issued bonds of some type for 1.4 billion dollars of debt while only having a 300 billion dollar deficit. What reason would the government need to have the 1.4 billion in savings? Especially since the next budget year the debt went up yet again?
That’s not the proper way to do the math.
Even worse when you realize fiscal year 2018 included several months of reveneus BEFORE the tax cuts even took effect.
Hey, when we declare bankruptcy, that debt will be gone!
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Which is the larger number?
2017? 2018? Or 2019?
No. I literally explained it in the post you responded to. The debt increasing doesnt mean we are spending mire than we are taking in as a 1:1 ratio. If I make $50,000 put it in a savings account, then use that as collateral to secure a $50,000 loan, I didnt “spend more than what I took in”. Debt’s significance is also determined by assets and ability to pay. Which is why treasuries are still a safe haven for investors. Just because 22trillion is an emotionally large number for people like you and me, doesnt mean the US government is not able to service it, or that when the US treasury builds its cash reserves (to instill confidence and build equity) that it is “spending more than what comes in”.
Its explained in the WSJ post earlier
Im sure they will be here any minute
And for years around here I was told that whoever was in the driver’s seat was responsible for the debt. How things change, amirite?
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So somewhere along the line, congress authorized treasury bills to be sold to be put in the bank?
Now you don’t care, yay.
Hopefully your blood pressure has returned to normal. Under Obama, Republican’s blood pressures sky rocketed with the anger and spittle over the debt.
Fascinating.
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We only take in an average of about 88% of what we spend. The rest of the increase is in debt service.
We are discussing how / why debt can go up more than the deficit
Im not sure exactly how the funding takes place. Apparently it has to do with how the treasury gives out loans
