Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
That’s funny. You commend him for lowering the deficit but he still nearly doubled the national debt. Do you fail to see how illogical that is?Lol. You might want to look at the national debt in 2008 and then again in 2016.No. Ears deserved criticism for his massive deficit spending, just as Donnie does.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
Of course the hypocrisy is clear to see. Lefties say O had too, because of the Great Recession. Now cons will say Don had too, because of the Covid.
All just propaganda.
He had massive deficit spending when he first became president. He had to save us from the bush boy's great recession.
However how could he have massively deficit spent if he slashed the deficit by more than half? When he took office the bush boy left 1.4 trillion in deficit. When Obama left office he left 585 billion in deficit. If he was massively deficit spending there is no way he could have slashed the deficit by more than half.
The truth is he did the opposite of what you claim he did.
Partisans. Ugh
I'm sorry but there is a difference between debt and deficit. My education and degree is in Accounting/Finance. When it comes to those subjects, I know what I'm talking about.
Here is the real meaning of those words.
Deficit: You can have a deficit for anything. The deficit we're talking about is the budget deficit. A deficit is when you add all your income with all your spending and you end up with a negative number. You've spent more money than you generated. In the case of the nation, we borrow money to cover that short fall or deficit. That amount is added to the debt at the end of the fiscal year. It's not the national debt. It's a slice of the debt for a determined amount of time. In this case, our fiscal year which goes from October 1 to September 30th.
Debt. You can have a debt for any loan or obligation. In this case it's the national debt. That is the amount of money we borrowed and owe to pay back with interest.
You said he massively created deficit. Which if you look at the numbers he spent at first but over all, he slashed the deficit in half.
If you want to talk about how much he added to the national debt I'll be happy to talk about it but that's not the same thing as the deficit.
Please don't change your own subject.
No he didn't nearly double the national debt.
The bush boy left nearly 13 trillion dollars in national debt.
By the time Obama was done the national debt was around 19 trillion.
If Obama had nearly doubled the national debt he would have left nearly 26 trillion in national debt.
He added around 6 trillion to our national debt.
The bush boy added around 8 trillion to our national debt. He more than doubled the national debt in 8 years.
How much will trump end adding?
Try something else. The facts just aren't on your side.
Spending isn't a problem if you have the revenues to pay for it. That's the problem with conservatives. They cut revenues with their massive tax cuts. Then they go on spending sprees like there's no tomorrow. Usually on things we don't need and it's a huge waste of money. Like the wall. Like the obscene about we spend on military. Like trillions in stimulus without oversight and the money being wasted going to those who don't need it while those who do need it suffer. Like bailing out big business. Like their ridiculous abstinence only waste of money, bridge to nowhere in Alaska and so many more.
Conservatives love to spend money but they refuse to pay for what they spend. They are the biggest deadbeats in our nation.