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Originally Posted by spence
Doesn't matter none of them were 6X
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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
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.
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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.