In new Budget, Biden to Lower US Debt by $3T, After Trump had Record 4 yr Debt

[Toddsterpatriot]

Huh? Obama inherited the Bush crash, it was not a normal recession. It was one of the biggest ever in US history. When that happens tax revenue plummets (go look it up) on top of that the government stimulates the economy (which Bush did like 5 times) which also adds to the deficit.
In 2016, Obama's last year he got the annual deficit down to $587B, pretty good, then trump came in and more than 5x that to $3.1T/yr, pretty bad...

But Biden has got that down to only$1.3T, pretty good. Do you see the pattern here...

it was not a normal recession. It was one of the biggest ever in US history.

When your policies are as bad as Obama's, it makes things worse.

on top of that the government stimulates the economy (which Bush did like 5 times) which also adds to the deficit.

Obama stimulated the economy? After the recession ended in June 2009?
What an idiot. No wonder why his addition to the debt was nearly $10 trillion.

In 2016, Obama's last year he got the annual deficit down to $587B,

You mean when the Republicans held the House and Senate? LOL!

But Biden has got that down to only$1.3T, pretty good.

What did he cut spending on? Break it down by category.

Do you see the pattern here...

You say something stupid, I point out your stupidity, you say something stupid, I point out your stupidity, you say something stupid, I point out your stupidity.......what about it?

 

[Toddsterpatriot]

its already been proven fact. It pretty simple to look up. Sorry you have proven yourself dumb as dirt already, with no credibility at all.
you are the village idiot

its already been proven fact. It pretty simple to look up.

Then post it. Unless you're afraid? LOL!

 

[The Banker]

did covid have anything to do with that?.....just asking...

Trump begged the FED and Congress for even more money and stimulus many times, so Trump had the most to do with it.

You have to play the hand you're dealt, and Trump played as bad as it gets, resulting in total failure and mega massive deficits and a massive FED balance sheet.

Trump owns his debt, it surged from the first day of his presidency

 

[Flash]

Better than anything the GOP can do

the GOP is the party of debt and deficits and they own this debt.
GOP policy is the main cause of our mega deficits.

Biden, LIKE BILL CLINTON, is actually trying to lower our debt.

You can take that partisan hate and cram it up your inbred Moon Bat ass.

There is really only one party in the US and that is the Party of Big Government. The Democrats are the bat shit crazy branch while the Republicans are a little more moderate.

The Republicans are always "better" than the Democrat filth but that doesn't really mean jackshit since the Democrats set such a low bar.

The Democrats promise bad government and always deliver bad government.

The Republicans promise good government but usually deliver the same bad government that we would have got if the Democrats had won. Trump delivering enormous debt just like the Worthless Negro is a great example.

I stopped being a Republican over two decades ago when I realized they were Democrat Light.

When are you going to pull your head out of your Libtard ass?

 

[BluesLegend]

Biden: Vote Dem we'll tax the rich.

The Rich: Seriously?

Biden: No, but these Dem rubes fall for it every time.

The Rich: Oh okay, lol.

 

[The Banker]

You can take that partisan hate and cram it up your inbred Moon Bat ass.

There is really only one party in the US and that is the Party of Big Government. The Democrats are the bat shit crazy branch while the Republicans are a little more moderate.

The Republicans are always "better" than the Democrat filth but that doesn't really mean jackshit since the Democrats set such a low bar.

The Democrats promise bad government and always deliver bad government.

The Republicans promise good government but usually deliver the same bad government that we would have got if the Democrats had won. Trump delivering enormous debt just like the Worthless Negro is a great example.

I stopped being a Republican over two decades ago when I realized they were Democrat Light.

When are you going to pull your head out of your Libtard ass?

Yet the facts completely prove otherwise.

GOP policy has destroyed America as they inherited a balanced budget and projected surplus in 2000, and Bush and his GOP congress destroyed America in every way possible with mega spending mega deficits and failed and mismanaged wars.
Much worse than anything dem ever. Then Trump was even worse than Bush with bigger deficits more FED stimulus and fake money and corruption and lies and riots at the Capitol. (with Jared Kushner getting his $2B form the Saudis in a mega scandal)

All the major problems in America are the result of GOP policy fuck ups, of which there are many

 

[Harpy Eagle]

Why not?

I would be traveling around the world so that there was always good golfing weather.

 

[Flash]

Yet the facts completely prove otherwise.

GOP policy has destroyed America as they inherited a balanced budget and projected surplus in 2000, and Bush and his GOP congress destroyed America in every way possible with mega spending mega deficits and failed and mismanaged wars.
Much worse than anything dem ever. Then Trump was even worse than Bush with bigger deficits more FED stimulus and fake money and corruption and lies and riots at the Capitol. (with Jared Kushner getting his $2B form the Saudis in a mega scandal)

All the major problems in America are the result of GOP policy fuck ups, of which there are many

So you have no intention of pulling your inbred head out of your Libtard ass?

The facts are that under both Democrat and Republican debt increases, government grows, the welfare state continues and (with the exception of Trump) the goddamn Illegals flood across the border.

The Democrats are the express train to destruction. The Republicans will still get us there but a little slower.

There are very little real differences in the two parties but you are so sick in the head with Partisan hate that you are clueless.

 

[ThisIsMe]

Dems seriously suck at taxing the rich, why hasn't it happened?

1970 Dems propose taxing the rich
1980 Dems propose taxing the rich
1990 Dems propose taxing the rich
2000 Dems propose taxing the rich
2010 Dems propose taxing the rich
2020 Dems propose taxing the rich
2023 Dems propose taxing the rich

Because they don’t really want it, if they did, their donors would turn away. “Tax the rich” is just a political slogan designed to energize the liberal base.

 

[The Banker]

So you have no intention of pulling your inbred head out of your Libtard ass?

The facts are that under both Democrat and Republican debt increases, government grows, the welfare state continues and (with the exception of Trump) the goddamn Illegals flood across the border.

There are very little real differences in the two parties but you are so sick in the head with Partisan hate that you are clueless.

yes we know both are bad and both add to the deficit, but its pretty obvious when you look at the facts that Bush and Trump failed miserably and destroyed America with repeated fuck ups.
The numbers tell it all, Bush inherited a balanced budget, passed trillions in spending and destroyed the balanced budget. Trump was even worse with record debt and FED stimulus.

It is what it is, the GOP have fucked shit up badly, worse than the dems

 

[Flash]

yes we know both are bad and both add to the deficit, but its pretty obvious when you look at the facts that Bush and Trump failed miserably and destroyed America with repeated fuck ups.
The numbers tell it all, Bush inherited a balanced budget, passed trillions in spending and destroyed the balanced budget. Trump was even worse with record debt and FED stimulus.

It is what it is, the GOP have fucked shit up badly, worse than the dems

Being a Moon Bat inbred you are simply too stupid to understand that Potatohead's $1.4 trillion deficit this year is destruction and you embarrass yourself by poorly suggesting that it is somehow a good thing. That doesn't pass the snicker test you idiot.

Dumb mutherfvcker.

 

[The Banker]

Being a Moon Bat inbred you are simply too stupid to understand that Potatohead's $1.4 trillion deficit this year is destruction and you embarrass yourself by poorly suggesting that it is somehow a good thing. That doesn't pass the snicker test you idiot.

Dumb mutherfvcker.

much better than the massive $3T he inherited from Biden

Being a brainwashed Trumper you don't seem to understand that $3T deficit is much much bigger and worse than $1T...

You don't seem to even remotely comprehend that the deficit is not going to go from $3T to balanced in 2 years, what a joke thought that is. Laughable...

Time to enter the big boy world known as reality.

 

[Markle]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

That's just goofy. Worse, you know it's wrong and I guess you think no one is a smart as you and they'll swallow anything.

The bottom dropped out of the economy, it was shut down and you pretend it didn't happen.

As you can see, President Biden has yet to get his deficit down to the pre-COVID years of the Trump administration.

U.S. Budget Deficit by Year Compared to GDP and Debt

The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.

www.thebalancemoney.com

 

[Markle]

No they don't retard.

Go do some homework

Its so funny to watch you try and act smart when you are dumb and clueless

Go look it up, you have some homework to do

 

[westwall]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

You're not very good at math are you....

 

[hadit]

SO much better than Trump's $3.1T in 2020.
Trump inherited a $587B in 2016 and ran that to $1.3T precovid and 25% of our total debt occurred in trump's little 4 years, think about how bad that is.
despicable

Bush and the GOP congress inherited a balanced budget and blew that up with trillions in do nothing spending

despicable

Yeah, it's almost as if both of those had something significant happen that caused economic turmoil.

 

[Markle]

its already been proven fact. It pretty simple to look up. Sorry you have proven yourself dumb as dirt already, with no credibility at all.
you are the village idiot

 

[g5000]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

I am fully confident Joe Biden will add more to the debt in his first term than Trump did.

 

[Leviticus]

not true, they can lower the future debt, which is exactly what Biden is doing with his plan as the future US debt will now be lower.

Where as Trump had a record increase in debt for 4 years.

Lowering the deficit does not lower the debt. A lower deficit just means you're adding less to the debt.

 

[Leviticus]

I am fully confident Joe Biden will add more to the debt in his first term than Trump did.

I highly doubt that since trump added more to the death and has just one term than any recent president.

In just one term he added more to the debt than obama did in his entire presidency.