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Originally Posted by Jim in CT
"Most of that was inherited from Bush and the democrat-controlled Congress, which writes the laws and crafts the budgets"
fixed it for you.
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There you go again rewriting my post.
Republicans held the House, Senate and the Presidency for most of the years leading into the recession. By the time the Dems took the house at the end of Bush's second term the lot had been cast. It wasn't Dem spending it was a lack of revenue from the Bush recession that spiked the deficit which Obama inherited.
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What tax cuts were those? How about Obamacare and the stimulus package?
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You weren't paying attention?
http://www.politifact.com/truth-o-me...e-class-famil/
By some measures they say Obama's tax cuts could be bigger than Trump's.
[QUOTE]He had the highest deficits ever. He gets credit for the biggest deficits being his earliest years? Is the debt any different if his biggest deficit is in his first year or his last year?
The reason the fiscal year is offset from the election year is to give the incoming president time to make adjustments from their predecessor. The first year of your term, heck maybe even the second are pretty much fixed as to ability to influence the deficit.
So yes, there's a huge difference between the first and last years.
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True, but it's larger than the $0 tax cut we got under Obama.
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See above.