Biden exploding MAGA heads by reducing the deficit

[PinktheFloyd88]

Your partisan lies are so stupid since debt is skyrocketing under Presidents of BOTH parties Democrat and Republican.

Roosevelt then Wilson have the two largest debt increase in history.

3 of 4 years Trump budget deficit are the same size as Bidens first deficit budget of 1.5 Trillion to Trumps

• FY 2021: $1.5 trillion
• FY 2020: $4.2 trillion (Pandemic and the weak 2020 recession)
• FY 2019: $1.2 trillion
• FY 2018: $1.3 trillion

Obamas budget deficit increases was 74% to Trumps 33% over the length of their presidencies.

There goes your lie!

U.S. Debt by President: By Dollar and Percentage​

BY KIMBERLY AMADEO
Updated February 07, 2022

Excerpt:

Joe Biden​

On October 1, 2021, at the end of fiscal year 2021, the national debt was $28.4 trillion. Between the end of fiscal year 2020 and the end of fiscal year 2021, the national debt grew $1.5 trillion, a 5.6% increase year over year. For fiscal year 2022, President Biden's budget includes a deficit of $1.84 trillion, and by the end of January 2022, the national debt had already grown to exceed $30.0 trillion.19

Donald Trump​

At the end of fiscal year 2020, the debt was $26.9 trillion. Trump added $6.7 trillion to the debt between fiscal year 2017 and fiscal year 2020, a 33.1% increase, largely due to the effects of the coronavirus pandemic and 2020 recession.

In his FY 2021 budget, Trump's budget included a $966 billion deficit.10 However, the national debt actually grew by $1.5 trillion between October 1, 2020, and October 1, 2021.

LINK for the rest of the many Presidents Budget History from Woodrow Wilson onward in 1914.

=====

You need to shit can your blatant partisanship.

Federal year is October thru October there bud. Bidens budget started October 2021

 

[jc456]

Damn that’s even more ignorant. Cost of making a product is always factored in to what you pay for said product. No exceptions. Labor costs, material, shipping, it’s all factored in.

cost of expenses to manufacture

 

[citygator]

LOL. Even your own party didn't believe that nonsense.

Only 2 people didn’t agree on the democrat side. Oh well. We gotta send more Dems to congress so we don’t need 100% alignment. You can’t please everyone always.

 

[citygator]

Federal year is October thru October there bud. Bidens budget started October 2021

Biden was elected November 2020. He was inaugurated January 2021. His budget started October 2021. We are 5 months into his budget which is trending at a lower deficit than we’ve had in years. Go Biden!

 

[theHawk]

Biden’s first budget is on trend to be the lowest deficit in years continuing the fiscal responsibility of democratic administrations. Thanks Biden!

The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the three prior fiscal years: It is less than half the shortfall recorded for the same months in fiscal year 2021 ($1,047 billion) and three-quarters of the deficit recorded in 2020 ($624 billion), just before the start of the coronavirus pandemic. It is slightly below 2019.

Monthly Budget Review: February 2022

The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the two prior fiscal years.

www.cbo.gov

Deficit Tracker | Bipartisan Policy Center

Even as the U.S. economy expands, the federal government continues to run large and growing budget deficits that will soon exceed $1 trillion per…

bipartisanpolicy.org

View attachment 613426

That’s about as stupid as giving BJ Clinton credit for the balanced budget back in his day. The Republicans refused his spending bills and shutdown the government. Poor BJ had to sign the bill with gnashing teeth. Years later the leftwingers are claiming BJ and Democrats were the only ones to ever make a balanced budget.

 

[Sunsettommy]

You disingenuous pea brain. 2021 was Trump. Biden’s budget started Oct 2021.

Your stupidity of off the charts since Biden increased it another 1.84 Trillion from January 2021 to January 2022.

"For fiscal year 2022, President Biden's budget includes a deficit of $1.84 trillion, and by the end of January 2022, the national debt had already grown to exceed $30.0 trillion."

Total Deficit was 28.4 Trillion when Trumps last budget ended now over 30 Trillion under Bidens first budget year.

Your partisan outlook is making you stupid as hell.

 

[citygator]

Damn that’s even more ignorant. Cost of making a product is always factored in to what you pay for said product. No exceptions. Labor costs, material, shipping, it’s all factored in.

If my costs are higher than your costs so my product is more than yours… will people pay more for my product? No. No one cares what your cost is dummy.

 

[citygator]

Your stupidity of off the charts since Biden increased it another 1.84 Trillion from January 2021 to January 2022.

"For fiscal year 2022, President Biden's budget includes a deficit of $1.84 trillion, and by the end of January 2022, the national debt had already grown to exceed $30.0 trillion."

Total Deficit was 28.4 Trillion when Trumps last budget ended now over 30 Trillion under Bidens first budget year.

Your partisan outlook is making you stupid as hell.

Trumps budget ended October 2021.

 

[Nostra]

Don’t derail this thread. Go to that one. Fact is if it costs me $1B to build a pair of shoes you won’t pay me $1.00001B for it. Cost means nothing. What people will pay is all that matters.

So you are saying when you make your $1 Billion shoes and nobody buys them that $1 billion cost to make them means nothing.

Got it.

Show me my $10 yacht, Dumbass.

 

[healthmyths]

Biden’s first budget is on trend to be the lowest deficit in years continuing the fiscal responsibility of democratic administrations. Thanks Biden!

The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the three prior fiscal years: It is less than half the shortfall recorded for the same months in fiscal year 2021 ($1,047 billion) and three-quarters of the deficit recorded in 2020 ($624 billion), just before the start of the coronavirus pandemic. It is slightly below 2019.

Monthly Budget Review: February 2022

The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the two prior fiscal years.

www.cbo.gov

Deficit Tracker | Bipartisan Policy Center

Even as the U.S. economy expands, the federal government continues to run large and growing budget deficits that will soon exceed $1 trillion per…

bipartisanpolicy.org

View attachment 613426

Hmmm...

U.S. sees biggest revenue surge in 44 years despite pandemic​

Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977.
Though Democrats are hammering the rich for not paying their fair share in taxes, the increase is being driven by levies primarily paid by the well-to-do. For example, corporate tax receipts leapt 75 percent, CBO says. At $370 billion, they easily top where they were immediately before Republicans slashed the corporate rate as part of the Tax Cuts and Jobs Act.
Individual income taxes were up 27.5 percent, CBO estimates. Those too are disproportionately paid by the well-to-do, with 80 percent coming from the top 10 percent of earners.

The increases came despite lawmakers approving a series of tax cuts in the wake of the pandemic. At the time, they were projected to cost nearly $500 billion in 2021 — which would make them bigger than the first year’s worth of tax cuts included in Republicans’ 2017 legislation.

U.S. sees biggest revenue surge in 44 years despite pandemic

Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977.

www.politico.com

Now how could that BE with TAX CUTS???

 

[Sunsettommy]

Trumps budget ended October 2021.

Biden and his Administration has been controlling the Federal budget since January 2021 and it grew beyond Trumps Budget outlook in his last budget which is why Biden is being tagged for addition of 1.84 Trillion deficit over his first year.

You that stupid?

 

[Nostra]

Damn that’s even more ignorant. Cost of making a product is always factored in to what you pay for said product. No exceptions. Labor costs, material, shipping, it’s all factored in.

Nope. Citygator says none of that means anything.

 

[Nostra]

If my costs are higher than your costs so my product is more than yours… will people pay more for my product? No. No one cares what your cost is dummy.

Well then, explain why people buy a Mercedes instead of driving a Yugo.

 

[Nostra]

Federal year is October thru October there bud. Bidens budget started October 2021

And Veggie Joe spent $4 TRILLION before that.

 

[jknowgood]

Nice try. Build back better was to be budget neutral.

Why they don't count the printed money anymore?

 

[citygator]

And Veggie Joe spent $4 TRILLION before that.

Don’t be a moron. Thanks Trump.

 

[whitehall]

The relationship between the Covid crisis and the deficit has yet to be examined but it's a freaking moot point when everything Americans consume today has become more expensive since Biden was elected.

 

[jc456]

Your stupidity of off the charts since Biden increased it another 1.84 Trillion from January 2021 to January 2022.

"For fiscal year 2022, President Biden's budget includes a deficit of $1.84 trillion, and by the end of January 2022, the national debt had already grown to exceed $30.0 trillion."

Total Deficit was 28.4 Trillion when Trumps last budget ended now over 30 Trillion under Bidens first budget year.

Your partisan outlook is making you stupid as hell.

he's stating that xiden can't do anything. he has to twiddle his thumbs and look for kids to sniff. Not that he doesn't do that anyway, but the demofk stupid is trending bigly in here.

 

[jc456]

The relationship between the Covid crisis and the deficit has yet to be examined but it's a freaking moot point when everything Americans consume today has become more expensive since Biden was elected.

Trump was so powerful, he maintained the WH even though creepy was there. they're admitting it.

 

[theHawk]

Hmmm...

U.S. sees biggest revenue surge in 44 years despite pandemic​

Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977.
Though Democrats are hammering the rich for not paying their fair share in taxes, the increase is being driven by levies primarily paid by the well-to-do. For example, corporate tax receipts leapt 75 percent, CBO says. At $370 billion, they easily top where they were immediately before Republicans slashed the corporate rate as part of the Tax Cuts and Jobs Act.
Individual income taxes were up 27.5 percent, CBO estimates. Those too are disproportionately paid by the well-to-do, with 80 percent coming from the top 10 percent of earners.

The increases came despite lawmakers approving a series of tax cuts in the wake of the pandemic. At the time, they were projected to cost nearly $500 billion in 2021 — which would make them bigger than the first year’s worth of tax cuts included in Republicans’ 2017 legislation.

U.S. sees biggest revenue surge in 44 years despite pandemic

Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977.

www.politico.com

Now how could that BE with TAX CUTS???

Key word “surge”. Meaning an increase compared to the previous year. The previous year was record low because they forced so many businesses to shutdown and so many lost their jobs. They are calling going back to pre-Coof levels a “surge” as if it was actual growth instead of just a return to the baseline.