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Sea Dangles 08-04-2018 12:28 AM

Quote:

Originally Posted by spence (Post 1148254)
Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

While this doesn't seem to look good for Republicans it's nowhere near the 6x multiple you claim. The fact that YOU don't understand deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

Context Jeff
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Pete F. 08-04-2018 05:47 AM

Reagan

Started Presidency: $965 billion
Ended Presidency: $2.74 trillion
Increased 184% or 13.9% per year
H.W. Bush

Started Presidency: $2.74 trillion
Ended Presidency: $4.23 trillion
Increased 54% or 11.5% per year (only in office for four years)
Clinton

Started Presidency: $4.23 trillion
Ended Presidency: $5.77 trillion
Increased 36% or 4.0% per year
W. Bush

Started Presidency: $5.77 trillion
Ended Presidency: $11.1 trillion
Increased 93% or 8.5% per year
Obama

Started Presidency: $11.1 trillion
Ended Presidency: $19.85 trillion
Increased 78% or 7.5% per year
Trump
Started Presidency $19.85 Trillion
April 2018 $21.0 Trillion
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Jim in CT 08-04-2018 06:31 AM

Quote:

Originally Posted by zimmy (Post 1148261)
You should read this Jim, the whole thing.
http://www.forbes.com/sites/chuckjon...or-w-bush/amp/
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i can find as many articles as you want, written by people who say bush 43 wasn’t responsible for the subprime mortgage crisis. but people blamed him for what happened on his watch.

obviously, much of obama’s spending wasn’t discretionary, and he inherited a recession and he inherited a war. but he championed the stimulus bill which flopped, and obamacare which pretty much flopped.

again, all i ask is for some consistency. if liberals want to blame bush for the recession solely because it happened on his watch, then obama is also responsible for what happened on his watch. is that unfair? i don’t think so.
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spence 08-04-2018 10:13 AM

Quote:

Originally Posted by JohnR (Post 1148262)
Do all of Bush and all of Obama - don't cherry pick

P.S. - I was against both in this regard :lasso:

Doesn't matter none of them were 6X

JohnR 08-04-2018 05:43 PM

Quote:

Originally Posted by spence (Post 1148276)
Doesn't matter none of them were 6X

Ahhhh, I got ya.

Let me be more clear, the total debt is 6 times the annual revenue, and growing. The guv spends roughly 20-30% more annually than it takes in - that is unsustainable and has been my position since Junior was in office.


Quote:

Originally Posted by spence (Post 1148254)
Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.


Now on your point that Bush was a Trillion per year and Obama was half that is just ludicrous Spence. Bush had one year (2?) at 1 T (TARP/QE) that was the first year of Obama. Obama had 4 years over a T. Both were too much. But Bush did not have "era deficts of over a trillion, Obama era deficits of 5-600 Billion". That is just ludicrous, and you know it.

spence 08-04-2018 06:05 PM

Quote:

Originally Posted by JohnR (Post 1148301)
Now on your point that Bush was a Trillion per year and Obama was half that is just ludicrous Spence. Bush had one year (2?) at 1 T (TARP/QE) that was the first year of Obama. Obama had 4 years over a T. Both were too much. But Bush did not have "era deficts of over a trillion, Obama era deficits of 5-600 Billion". That is just ludicrous, and you know it.

Bush left Obama with a massive deficit problem that Obama did a great job of whittling down even with the stimulus. Granted this was helped by economic growth. Trump inherited a deficit of under 700B and now its skyrocketing to over a trillion again for years to come...while we are experiencing decent growth as well.

Riddle me that? I’ve done my homework.
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Jim in CT 08-05-2018 06:25 AM

Quote:

Originally Posted by spence (Post 1148303)
Bush left Obama with a massive deficit problem that Obama did a great job of whittling down even with the stimulus. Granted this was helped by economic growth. Trump inherited a deficit of under 700B and now its skyrocketing to over a trillion again for years to come...while we are experiencing decent growth as well.

Riddle me that? I’ve done my homework.
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you got caught red handed cherry picking numbers to serve your agenda. leave it at that, don’t dig your hole deeper.

plenty of debt hypocrisy on both sides...for most people, their concern over deficits depends entirely on the party of the sitting president, it’s obvious.

interesting that you can see that trumps deficits will be this large for years to come. quite the prognosticator.

you forgot to mention, i wonder why, that a good chunk of bush’s deficits was because of the response to 9/11. he also managed, according to stanford university, to launch an aids initiative that is credited with saving over one million lives in africa. and almost nobody knows about it, because the media hates him.
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scottw 08-05-2018 06:54 AM

1 Attachment(s)
Quote:

Originally Posted by JohnR (Post 1148301)

ludicrous Spence.

:bl:


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