Deficit will fall 1.7 trillion in a year - the steepest deficit decline in American history

[Mac1958]

Biden isn't a deficit hawk?

He's a politician.

 

[Toddsterpatriot]

He's a politician.

So no budget sanity from Biden? Thanks.

 

[Mac1958]

So no budget sanity from Biden? Thanks.

I know. Everything is his fault. No credit for a falling deficit. Attack, attack, attack. Your tribe is perfect, the other tribe is evil.

You have one eye open only. Both of mine are open.

 

[Toddsterpatriot]

I know. Everything is his fault. No credit for a falling deficit. Attack, attack, attack. Your tribe is perfect, the other tribe is evil.

You have one eye open only. Both of mine are open.

I'm sorry if the Quantitative Tightening before COVID refuted your claims.

 

[Delldude]

The former guy spent like a teenaged girl with Daddy's Gold Card (and how ironic is THAT), fed off the Federal Reserve's trillions, pushed the Fed to keep interest rates down and begged them for more.

All, inflationary.

Finally some sanity.

All spending comes out of congress......

 

[Mac1958]

All spending comes out of congress......

Who signs the bill before it can go into effect?

We both know the answer. Just be honest.

 

[Delldude]

Who signs the bill before it can go into effect?

We both know the answer. Just be honest.

The guy who congress wouldn't let have a win.

 

[Arresmillao]

President Biden keeps on proving he is a genius....

 

[boedicca]

Remember when republicans wouldn’t stop complaining about the deficit under Obama? They stopped since we know the deficit blew up under Trump.

Now under Biden? Deficit will see steepest decline.

Why has the deficit fallen? in part because of the record job growth, reduced spending, and better revenue stream.

Biden administration forecasts $1.03T deficit, down $400B

The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic. In...

www.yahoo.com

This is like an arsonist who brings a bucket of water to a fire he started taking credit for putting it out.

 

[Mac1958]

This is like an arsonist who brings a bucket of water to a fire he started taking credit for putting it out.

These folks were fine with trillions in Fed help, calling the result the "best economy ever".

The Dunning-Kruger Effect is in full force with Trumpsters, particularly on markets and economics.

 

[Toddsterpatriot]

These folks were fine with trillions in Fed help, calling the result the "best economy ever".

The Fed shrank their balance sheet until COVID.
You need a better talking point.

 

[Mac1958]

The Fed shrank their balance sheet until COVID.
You need a better talking point.

QE continued. Trump begged for more. And he begged for lower interest rates.

You need an education.

 

[Toddsterpatriot]

QE continued. Trump begged for more. And he begged for lower interest rates.

You need an education.

QE continued.

When did QT happen?

Trump begged for more. And he begged for lower interest rates.

He's a politician.

 

[bripat9643]

Remember when republicans wouldn’t stop complaining about the deficit under Obama? They stopped since we know the deficit blew up under Trump.

Now under Biden? Deficit will see steepest decline.

Why has the deficit fallen? in part because of the record job growth, reduced spending, and better revenue stream.

Biden administration forecasts $1.03T deficit, down $400B

The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic. In...

www.yahoo.com

You mean the deficit isn't going to remain in the stratosphere indefinitely? Did Dems intend it to remain there?

 

[bripat9643]

QE continued. Trump begged for more. And he begged for lower interest rates.

You need an education.

QE began under Obama, dumbass.

 

[boedicca]

These folks were fine with trillions in Fed help, calling the result the "best economy ever".

The Dunning-Kruger Effect is in full force with Trumpsters, particularly on markets and economics.

I call shenanigans. Just because you loons love Big Government Big Pharma Big Surveillance Tech Forever War, doesn't meant the rest of us do.

 

[Mac1958]

QE began under Obama, dumbass.

Yes, Einstein, I didn't say otherwise.

Did Obama beg the Fed for MORE QE, like Trump did? Nope.

Did Obama beg the Fed to lower interest rates even further? Nope.

Rube.

 

[bripat9643]

Yes, Einstein, I didn't say otherwise.

Did Obama beg the Fed for MORE QE, like Trump did? Nope.

Did Obama beg the Fed to lower interest rates even further? Nope.

Rube.

"Beg" is a loaded term intended to bias the conclusion of the audience.

Obama did the exact same thing but behind closed doors.

 

[Toddsterpatriot]

Yes, Einstein, I didn't say otherwise.

Did Obama beg the Fed for MORE QE, like Trump did? Nope.

Did Obama beg the Fed to lower interest rates even further? Nope.

Rube.

How much did the Fed shrink the balance sheet under Trump, before covid?

Educate me.

 

[easyt65]

The deficit is dropping. Every detail I provided was true.

Trumpsters are ignorant. That's your problem, not mine.

Sure thing, snowflake...