As Deficit Soars Toward $1 Trillion, Congress Shrugs and Keeps Spending

[Faun]

Which only goes to show that 8 years of crying about growing debt under Obama was nothing but bullshit partisan tears.

Could that be because of the fact that our debt is not growing at the rate it was under President Obama? More importantly, the percentage of our GDP is SHRINKING. Must pain you to your very soul!

Well, no, it couldn't be that because that's not true. The debt as a percentage of GDP is about has high as ever...



And comparing the growth of debt now, where Obama handed Trump a strong economy -- with the growth of debt under Obama, who inherited an economy in free fall along with millions of jobs lost and 2 wars, is just a tad disingenuous.

President Obama handed no one a strong economy. President Obama is the first president in history to not have a single year of growth about 3% for his entire term.

You have an estimated figure for 2017, I post facts. Go figure!

It’s Official=> President Trump Decreases the Debt to GDP Ratio in His First Year in Office – First Time in More than 50 Years!

January 28, 2018 by Jim Hoft

The higher a country’s debt to GDP ratio, the less healthy the country’s economy. With the GDP numbers released yesterday, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.2% in the President’s first year in office.

In contrast, President Obama increased the US Debt to GDP ratio his first year in office by 14.5%. Obama increased the rate a total of 37% over his 8 years in office.

Since his inauguration President Trump has focused his efforts on the security of the country and on the prosperity of its economy. The results of his actions are taking shape.

It's Official=> President Trump Decreases the Debt to GDP Ratio in His First Year in Office – First Time in More than 50 Years!

You post facts?? The GDP numbers you posted don’t even match the BEA’s...

https://www.bea.gov/national/xls/gdpchg.xlsx

Obama’s average is weighed down by the Great Recession he inherited from Bush where GDP was negative eight percent when Bush left office. Whereas Obama handed Trump a strong and growing economy and GDP for 2017 was 2.3% and GDP averaged 2.1% in the 7 years following Bush’s Great Recession.

And Obama is not the only president to not have GDP exceed 3% for a year in his presidency.

So is trump.

 

[danielpalos]

.

For the same reason the Republican crooks gave the fat cats $1.5 trillion in deficit building tax cuts, the crooks are burning through as much borrowed cash as possible to justify stealing even more from the working and retired citizens of the U.S.

The Republican crooks have been eyeing the several trillion dollars in the Social Security Trust Fund for decades, as well as the money they can steal from Medicare recipients, while they increase the taxes on the Americans who can least afford it.

Happily, many of those who consistently vote Republican, the elderly who rely on both SS and Medicare will be the ones taking it in the shorts by Republican policies, along with those loyal GOP voters who are low and middle income.

Of course, these devoted Republican conservatives will naturally blame the Democrats for the loss of their SS and Medicare benefits and the more money that is taken from their paychecks. And, as usual, the Republican crooks will be laughing at these idiot conservatives for the suckers they are and have always been.

As always, thoughtful comments are welcome. Unfortunately, in the conservatives' responses to this thread we can expect only their typical nonsense, alternate facts, denial, and off-topic silliness (e.g. written posts, ratings, memes, etc.), to which any reply is a waste of time.

https://www.msn.com/en-us/news/politics/as-deficit-soars-toward-dollar1-trillion-congress-shrugs-and-keeps-spending/ar-BBIulsl?li=BBmkt5R&ocid=spartandhp



.

End the Drug War!

 

[danielpalos]

.

For the same reason the Republican crooks gave the fat cats $1.5 trillion in deficit building tax cuts, the crooks are burning through as much borrowed cash as possible to justify stealing even more from the working and retired citizens of the U.S.

The Republican crooks have been eyeing the several trillion dollars in the Social Security Trust Fund for decades, as well as the money they can steal from Medicare recipients, while they increase the taxes on the Americans who can least afford it.

Happily, many of those who consistently vote Republican, the elderly who rely on both SS and Medicare will be the ones taking it in the shorts by Republican policies, along with those loyal GOP voters who are low and middle income.

Of course, these devoted Republican conservatives will naturally blame the Democrats for the loss of their SS and Medicare benefits and the more money that is taken from their paychecks. And, as usual, the Republican crooks will be laughing at these idiot conservatives for the suckers they are and have always been.

As always, thoughtful comments are welcome. Unfortunately, in the conservatives' responses to this thread we can expect only their typical nonsense, alternate facts, denial, and off-topic silliness (e.g. written posts, ratings, memes, etc.), to which any reply is a waste of time.

As Deficit Soars Toward $1 Trillion, Congress Shrugs and Keeps Spending
.

It’s Official=> President Trump Decreases the Debt to GDP Ratio in His First Year in Office – First Time in More than 50 Years!

January 28, 2018 by Jim Hoft

The higher a country’s debt to GDP ratio, the less healthy the country’s economy. With the GDP numbers released yesterday, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.2% in the President’s first year in office.

In contrast, President Obama increased the US Debt to GDP ratio his first year in office by 14.5%. Obama increased the rate a total of 37% over his 8 years in office.

Since his inauguration President Trump has focused his efforts on the security of the country and on the prosperity of its economy. The results of his actions are taking shape.

It's Official=> President Trump Decreases the Debt to GDP Ratio in His First Year in Office – First Time in More than 50 Years!

An enthusiastic bubble? Time will tell.

 

[danielpalos]

Nora single mention of the deficit in his speech.

Like Obama's 10 trillion.

The rich needed their bailout. And now, they got a tax break. Only the right wing, never gets it.

 

[danielpalos]

Granny says, "Dat's right...

... dem politicians add to the debt...

... by increasin' dey's pension benefits...

... an' den retire an' collect dey's benefit...

... whilst drivin' the rest of us deeper in debt."

Dey oughta be a law against dat.

When is your right wing, war on terror going to end?

 

[danielpalos]

.

For the same reason the Republican crooks gave the fat cats $1.5 trillion in deficit building tax cuts, the crooks are burning through as much borrowed cash as possible to justify stealing even more from the working and retired citizens of the U.S.

The Republican crooks have been eyeing the several trillion dollars in the Social Security Trust Fund for decades, as well as the money they can steal from Medicare recipients, while they increase the taxes on the Americans who can least afford it.

Happily, many of those who consistently vote Republican, the elderly who rely on both SS and Medicare will be the ones taking it in the shorts by Republican policies, along with those loyal GOP voters who are low and middle income.

Of course, these devoted Republican conservatives will naturally blame the Democrats for the loss of their SS and Medicare benefits and the more money that is taken from their paychecks. And, as usual, the Republican crooks will be laughing at these idiot conservatives for the suckers they are and have always been.

As always, thoughtful comments are welcome. Unfortunately, in the conservatives' responses to this thread we can expect only their typical nonsense, alternate facts, denial, and off-topic silliness (e.g. written posts, ratings, memes, etc.), to which any reply is a waste of time.

https://www.msn.com/en-us/news/politics/as-deficit-soars-toward-dollar1-trillion-congress-shrugs-and-keeps-spending/ar-BBIulsl?li=BBmkt5R&ocid=spartandhp



.

Which only goes to show that 8 years of crying about growing debt under Obama was nothing but bullshit partisan tears.

The rich had to get bailed out, not get a tax break. Only the right wing never gets it.

 

[danielpalos]

.

For the same reason the Republican crooks gave the fat cats $1.5 trillion in deficit building tax cuts, the crooks are burning through as much borrowed cash as possible to justify stealing even more from the working and retired citizens of the U.S.

The Republican crooks have been eyeing the several trillion dollars in the Social Security Trust Fund for decades, as well as the money they can steal from Medicare recipients, while they increase the taxes on the Americans who can least afford it.

Happily, many of those who consistently vote Republican, the elderly who rely on both SS and Medicare will be the ones taking it in the shorts by Republican policies, along with those loyal GOP voters who are low and middle income.

Of course, these devoted Republican conservatives will naturally blame the Democrats for the loss of their SS and Medicare benefits and the more money that is taken from their paychecks. And, as usual, the Republican crooks will be laughing at these idiot conservatives for the suckers they are and have always been.

As always, thoughtful comments are welcome. Unfortunately, in the conservatives' responses to this thread we can expect only their typical nonsense, alternate facts, denial, and off-topic silliness (e.g. written posts, ratings, memes, etc.), to which any reply is a waste of time.

https://www.msn.com/en-us/news/politics/as-deficit-soars-toward-dollar1-trillion-congress-shrugs-and-keeps-spending/ar-BBIulsl?li=BBmkt5R&ocid=spartandhp



.

Yes, demorats have created an out of control system to pay voters for not working in exchange for votes.

Your right wing socialism on a national basis with alleged wars on crime, drugs, and terror have nothing to do with it, right, right wingers.

 

[danielpalos]

.

For the same reason the Republican crooks gave the fat cats $1.5 trillion in deficit building tax cuts, the crooks are burning through as much borrowed cash as possible to justify stealing even more from the working and retired citizens of the U.S.

The Republican crooks have been eyeing the several trillion dollars in the Social Security Trust Fund for decades, as well as the money they can steal from Medicare recipients, while they increase the taxes on the Americans who can least afford it.

Happily, many of those who consistently vote Republican, the elderly who rely on both SS and Medicare will be the ones taking it in the shorts by Republican policies, along with those loyal GOP voters who are low and middle income.

Of course, these devoted Republican conservatives will naturally blame the Democrats for the loss of their SS and Medicare benefits and the more money that is taken from their paychecks. And, as usual, the Republican crooks will be laughing at these idiot conservatives for the suckers they are and have always been.

As always, thoughtful comments are welcome. Unfortunately, in the conservatives' responses to this thread we can expect only their typical nonsense, alternate facts, denial, and off-topic silliness (e.g. written posts, ratings, memes, etc.), to which any reply is a waste of time.


https://www.msn.com/en-us/news/politics/as-deficit-soars-toward-dollar1-trillion-congress-shrugs-and-keeps-spending/ar-BBIulsl?li=BBmkt5R&ocid=spartandhp



.

Yes, demorats have created an out of control system to pay voters for not working in exchange for votes.

How do I get in on that? I'm a democrat, but I must have missed the memo....

The US spends a trillion per year on welfare. Apply. I am sure your friends and neighbors are happy kick in some extra cash.

Providing for the general welfare is in our Constitution; providing for the general warfare is not.

 

[BluesLegend]

Nora single mention of the deficit in his speech.

Like Obama's 10 trillion.

Plus another $3 plus trillion the Fed printed for Obama.

 

[Timmy]

Nora single mention of the deficit in his speech.

Like Obama's 10 trillion.

Plus another $3 plus trillion the Fed printed for Obama.

News flash . Obama but not president anymore .

So what’s your excuse for what the gop prez and congress are doing ???

 

[BluesLegend]

Nora single mention of the deficit in his speech.

Like Obama's 10 trillion.

Plus another $3 plus trillion the Fed printed for Obama.

News flash . Obama but not president anymore .

So what’s your excuse for what the gop prez and congress are doing ???

Hi Timmy, here

 

[whitehall]

The National Debt has been "soaring" under every president in modern times. The Debt soared under Obama but we got nothing for it but a stagnant economy and a GDP that stayed under 3% for the first time in modern history. Hypocrite lefties enjoy their 401k's making money and the equivalent of a car payment in their paychecks and the likelyhood that more and more foreign investors are returning to the U.S. during a booming exonomy that is bound to decrease the Debit but they can't resist whining because that's all lefties do these days.

 

[danielpalos]

The National Debt has been "soaring" under every president in modern times. The Debt soared under Obama but we got nothing for it but a stagnant economy and a GDP that stayed under 3% for the first time in modern history. Hypocrite lefties enjoy their 401k's making money and the equivalent of a car payment in their paychecks and the likelyhood that more and more foreign investors are returning to the U.S. during a booming exonomy that is bound to decrease the Debit but they can't resist whining because that's all lefties do these days.

lol. The rich had to get bailed out. That is what the right claimed had to happen.

 

[Markle]

You post facts?? The GDP numbers you posted don’t even match the BEA’s...

https://www.bea.gov/national/xls/gdpchg.xlsx

Obama’s average is weighed down by the Great Recession he inherited from Bush where GDP was negative eight percent when Bush left office. Whereas Obama handed Trump a strong and growing economy and GDP for 2017 was 2.3% and GDP averaged 2.1% in the 7 years following Bush’s Great Recession.

And Obama is not the only president to not have GDP exceed 3% for a year in his presidency.

So is trump.

The figures are exactly the same as on your source. A bit too complex for you? When you catch up, give me a holler.

The Strange Ups and Downs of the U.S. Economy Since 1929

 

[Faun]

You post facts?? The GDP numbers you posted don’t even match the BEA’s...

https://www.bea.gov/national/xls/gdpchg.xlsx

Obama’s average is weighed down by the Great Recession he inherited from Bush where GDP was negative eight percent when Bush left office. Whereas Obama handed Trump a strong and growing economy and GDP for 2017 was 2.3% and GDP averaged 2.1% in the 7 years following Bush’s Great Recession.

And Obama is not the only president to not have GDP exceed 3% for a year in his presidency.

So is trump.

The figures are exactly the same as on your source. A bit too complex for you? When you catch up, give me a holler.

The Strange Ups and Downs of the U.S. Economy Since 1929

Liar. My source, which is the official source, says real GDP grew 2.9% in 2015 while your “facts” say it grew st 2.6%.

Exactly how fucking deranged are you to believe that 2.6% is ”exactly the same” as 2.9%??

 

[rightwinger]

Nora single mention of the deficit in his speech.

He sure mentioned it often enough when he wasn't president

 

[rightwinger]

Like John Cheney said

Deficits don't matter.......unless a Democrat is President