How Are We Gonna Pay for the $7.9 Trillion that Obama Added to the National Debt?

[BluesLegend]

Bush jr spent far too much on foreign aid... a total waste of money and resources

Which was how much?

Does it matter? It was a waste thats what career politicians do....

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

 

[g5000]

Bush jr spent far too much on foreign aid... a total waste of money and resources

Which was how much?

Does it matter? It was a waste thats what career politicians do....

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

I'd like a refund, please.

 

[g5000]

Trump has no intention of paying down our debt. He intends to increase it.

And not a peep out of the parrots.

Which is the dead giveaway they are just weak-minded hacks who don't give flying fuck about debt.

Topics like this reveal just how deeply hypocritical they are.

 

[Rustic]

Trump has no intention of paying down our debt. He intends to increase it.

And not a peep out of the parrots.

Which is the dead giveaway they are just weak-minded hacks who don't give flying fuck about debt.

Topics like this reveal just how deeply hypocritical they are.

The debt is far too large to ever be payed back...

 

[Faun]

Bush jr spent far too much on foreign aid... a total waste of money and resources

Which was how much?

Does it matter? It was a waste thats what career politicians do....

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

Trump is on pace for a $900b deficit for FY2018. Glad to see you're ok with debt. Thanks for showing that all your bitching about debt under Obama is nothing but mindless bloviation.

 

[Rustic]

Which was how much?

Does it matter? It was a waste thats what career politicians do....

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

Trump is on pace for a $900b deficit for FY2018. Glad to see you're ok with debt. Thanks for showing that all your bitching about debt under Obama is nothing but mindless bloviation.

The federal debt is far too large to be ever be paid back, why do you give a shit?

 

[BluesLegend]

Which was how much?

Does it matter? It was a waste thats what career politicians do....

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

Trump is on pace for a $900b deficit for FY2018. Glad to see you're ok with debt. Thanks for showing that all your bitching about debt under Obama is nothing but mindless bloviation.

He inherited it from Obama OH SNAP

 

[Moonglow]

Predictably, liberals here are screaming about how we're gonna "pay for" the $1.4 trillion that the Trump tax cuts are returning to the American people, while they refuse to admit that federal revenue has increased after every major tax cut since the early 1900s.

Well, I would like liberals to explain how we're gonna pay for the $7.9 trillion that Obama added to the national debt. Just to be extra fair, this is not counting Obama's first year, because, technically, it was operating under Bush's last budget (even though Congress jacked up spending in Bush's last year over his objections, even though Obama approved a huge spending boost to the FY 2009 budget right after coming to office, and even though Obama would have added much more debt had it not been for Republican-imposed sequestration). National debt increases by president in dollar amounts and percentages:

Obama: $7.9 trillion/68 percent
Bush Jr.: $5.8 trillion/101 percent
Clinton: $0/0 percent
Bush Sr.: $2.8 trillion/54 percent
Reagan: $1.8 trillion/186 percent

Again, if Obama had not been modestly restrained by a Republican-controlled Congress, he would have added a lot more debt. Without Obama's and the Democrats' pressure for higher and higher spending, spending would have been substantially less after the Republicans took control of Congress.

Presidents didn't used to increase the debt by such large percentages. Debt increases used to be in low double digits or in single digits in terms of the percent of the increase, which is the most important number. Dollar values change over time because of inflation, which is why the percent of the increase is the most important figure:

LBJ: $42 billion/13 percent
JFK: $23 billion/8 percent
Eisenhower: $23 billion/9 percent
Truman: $7 billion/3 percent

So, liberals, how are we gonna pay for the $7.9 trillion that Obama added to the debt? How? Or do you only worry about "paying for" something when it involves letting Americans keep more of their own money?

Which President Added Most to the U.S. Debt?

Do you control what and how the GOP adds debt or spends money?

 

[Faun]

Trump has no intention of paying down our debt. He intends to increase it.

And not a peep out of the parrots.

Which is the dead giveaway they are just weak-minded hacks who don't give flying fuck about debt.

Topics like this reveal just how deeply hypocritical they are.

Oh, there are a number of topics the brain-dead right used to talk about regularly while Obama was president that you almost never hear about anymore. They include, but are not limited to:

- Real employment
- 40% unemployed
- Labor force participation rate
- 95 million not in the labor force (now, 96 million)

 

[Faun]

Does it matter? It was a waste thats what career politicians do....

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

Trump is on pace for a $900b deficit for FY2018. Glad to see you're ok with debt. Thanks for showing that all your bitching about debt under Obama is nothing but mindless bloviation.

He inherited it from Obama OH SNAP

Nope, the FY2018 budget is all Trump's. Obama's budgets ended with FY2017.

 

[BluesLegend]

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

Trump is on pace for a $900b deficit for FY2018. Glad to see you're ok with debt. Thanks for showing that all your bitching about debt under Obama is nothing but mindless bloviation.

He inherited it from Obama OH SNAP

Nope, the FY2018 budget is all Trump's. Obama's budgets ended with FY2017.

Nope, we are doing exactly what you people did when Obama was elected blame it all on Bush. Tissue?

 

[g5000]

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

Trump is on pace for a $900b deficit for FY2018. Glad to see you're ok with debt. Thanks for showing that all your bitching about debt under Obama is nothing but mindless bloviation.

He inherited it from Obama OH SNAP

Nope, the FY2018 budget is all Trump's. Obama's budgets ended with FY2017.

And the GOP has controlled the purse strings since January 2015.

 

[g5000]

Does it matter? It was a waste thats what career politicians do....

We now have $20 trillion in debt, what did we get for all that money?

Donald Trump.

Trump is on pace for a $900b deficit for FY2018. Glad to see you're ok with debt. Thanks for showing that all your bitching about debt under Obama is nothing but mindless bloviation.

He inherited it from Obama OH SNAP

OH SNAP

 

[boedicca]

There are a few alternatives:

1. Raise Taxes
2. Cut Spending
3. Default
4. Inflation

#4 is always the easiest for politicians. It punts the problem well past their terms in office. So, that's what's going to happen.

 

[g5000]

Trump and Ryan had a golden opportunity to not only balance the budget, but pay down the debt. All they had to do to lower tax rates was take away the government gifts to special interests in the tax code.

That's it. That's all they had to do.

Instead, they vomited up a joke tax "reform" which ADDS to our debt another $1.5 trillion.

The special interests get to have their cake and eat it, too.

All at the expense of the American taxpayer for generations to come.

 

[boedicca]

Trump and Ryan had a golden opportunity to not only balance the budget, but pay down the debt. All they had to do to lower tax rates was take away the government gifts to special interests in the tax code.

That's it. That's all they had to do.

Instead, they vomited up a joke tax "reform" which ADDS to our debt another $1.5 trillion.

The special interests get to have their cake and eat it, too.

All at the expense of the American taxpayer for generations to come.

Unless we reform entitlements and severely de-scope the Federal Bureaucracy, we will be in a state of perpetual deficits. Neither party can do either of these on their own. Such reform would take a bipartisan effort, and the Dems are determined not to cooperate with any agenda put forward by Trump.

 

[iceberg]

Trump has no intention of paying down our debt. He intends to increase it.

And not a peep out of the parrots.

Which is the dead giveaway they are just weak-minded hacks who don't give flying fuck about debt.

Topics like this reveal just how deeply hypocritical they are.

in all fairness when obama raised the debt, no one cared either til trump started doing it. what does that mean?

all sides have their share of hypocrites.

 

[mikegriffith1]

And the GOP has controlled the purse strings since January 2015.

And which party has threatened to filibuster the budget if they don't get what they want? Which party ran ads against the Ryan Budget that showed grandma being pushed off a cliff (never mind that Ryan's budget merely slowed the growth of Medicare spending)? Which party demagogues all over the place anytime someone calls for fiscal sanity and a return to pay-as-you-go? Which party opposes the balanced budget amendment?

I mean, it's incredible that you guys get on here and pretend like the Republicans are equally to blame when it's been the Democrats who have done all in their power to jack up spending and to oppose any semblance of fiscal sanity for the last 9 years.

It's like you're stuck in the Bush years.

 

[Harpy Eagle]

Predictably, liberals here are screaming about how we're gonna "pay for" the $1.4 trillion that the Trump tax cuts are returning to the American people, while they refuse to admit that federal revenue has increased after every major tax cut since the early 1900s.

Well, I would like liberals to explain how we're gonna pay for the $7.9 trillion that Obama added to the national debt. Just to be extra fair, this is not counting Obama's first year, because, technically, it was operating under Bush's last budget (even though Congress jacked up spending in Bush's last year over his objections, even though Obama approved a huge spending boost to the FY 2009 budget right after coming to office, and even though Obama would have added much more debt had it not been for Republican-imposed sequestration). National debt increases by president in dollar amounts and percentages:

Obama: $7.9 trillion/68 percent
Bush Jr.: $5.8 trillion/101 percent
Clinton: $0/0 percent
Bush Sr.: $2.8 trillion/54 percent
Reagan: $1.8 trillion/186 percent

Again, if Obama had not been modestly restrained by a Republican-controlled Congress, he would have added a lot more debt. Without Obama's and the Democrats' pressure for higher and higher spending, spending would have been substantially less after the Republicans took control of Congress.

Presidents didn't used to increase the debt by such large percentages. Debt increases used to be in low double digits or in single digits in terms of the percent of the increase, which is the most important number. Dollar values change over time because of inflation, which is why the percent of the increase is the most important figure:

LBJ: $42 billion/13 percent
JFK: $23 billion/8 percent
Eisenhower: $23 billion/9 percent
Truman: $7 billion/3 percent

So, liberals, how are we gonna pay for the $7.9 trillion that Obama added to the debt? How? Or do you only worry about "paying for" something when it involves letting Americans keep more of their own money?

Which President Added Most to the U.S. Debt?

So, according to your own numbers:

The Dem presidents have added an average of of 6.25% (with the 32% added by Clinton) to the national debt per year.

The Repubs presidentes have added an average of 17.05% to the national debt per year.

Yet somehow a great many people think the Dems alone are the problem.

They're all in it together.

Now, that I can agree with 100%

 

[g5000]

And the GOP has controlled the purse strings since January 2015.

And which party has threatened to filibuster the budget if they don't get what they want?

BWA-HA-HA-HA!

Sorry. The GOP owns Congress and the White House.

NO excuses.

OH SNAP