Interesting Chart on US Debt history

[CrusaderFrank]

Your not suppose to show how GOP presidents spent trillions to increase the debt...

Only thing is, Presidents don't spend money. Congresses do.

Look at the chart. It proves what I've been saying here for 4 years. Democrat Congresses cannot be trusted with the national purse. Look at just Clinton Bush and obama administrations. Deficits increase slower when Congress is controlled by the GOP. The only reason our economy has improved a bit in the last 3 years is the ability of the House of Representatives to prevent passage of some massive spending bills.

The “debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts.”

Cue the FoxNews denunciations.

David Stockman, director of the Office of Management and Budget under President Ronald Reagan, has dared to call out his own party for creating our current economic problems


David Stockman bombshell: How my Republican Party destroyed the American economy. | ThinkProgress





David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country



A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

Obama deficits good, Reagan deficits bad

 

[Toddsterpatriot]

The “debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts.”

Cue the FoxNews denunciations.

David Stockman, director of the Office of Management and Budget under President Ronald Reagan, has dared to call out his own party for creating our current economic problems


David Stockman bombshell: How my Republican Party destroyed the American economy. | ThinkProgress





David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country



A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

If Bush's addition of $4.9 trillion to the debt in 8 years was bad, Obama's addition of $6.9 trillion, in less than 5 1/2 years, must be truly awful.

Weird, you must think all policy ends the day the next guy enters office?

Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits


Just two policies dating from the Bush Administration — tax cuts and the wars in Iraq and Afghanistan — accounted for over $500 billion of the deficit in 2009 and will account for nearly $6 trillion in deficits in 2009 through 2019 (including associated debt-service costs of $1.4 trillion). By 2019, we estimate that these two policies will account for almost half — over $8 trillion — of the $17 trillion in debt that will be owed under current policies



Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits ? Center on Budget and Policy Priorities

Weird, you must think all policy ends the day the next guy enters office?

Weird, the smartest President in history had majorities in the House and Senate for 2 years and still hasn't fixed the Bush policy mistakes after more than 5 years?

 

[Dad2three]

Thanks for the 404 page report.

What page shows he cut spending by $140 billion?

The one where you should have landed, page 29

I don't see that on page 29. Perhaps you should cut and paste the proof you claim?

WILLFUL IGNORANCE. Got it


Mandatory spending cut $76.9 billion

Discretionary spending cut $68.5

Debt service cut $46.8

http://www.cbo.gov/sites/default/fi...104xx/doc10415/1994_03_reducingthedeficit.pdf

 

[Dad2three]

David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

If Bush's addition of $4.9 trillion to the debt in 8 years was bad, Obama's addition of $6.9 trillion, in less than 5 1/2 years, must be truly awful.

Weird, you must think all policy ends the day the next guy enters office?

Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits


Just two policies dating from the Bush Administration — tax cuts and the wars in Iraq and Afghanistan — accounted for over $500 billion of the deficit in 2009 and will account for nearly $6 trillion in deficits in 2009 through 2019 (including associated debt-service costs of $1.4 trillion). By 2019, we estimate that these two policies will account for almost half — over $8 trillion — of the $17 trillion in debt that will be owed under current policies



Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits ? Center on Budget and Policy Priorities

Weird, you must think all policy ends the day the next guy enters office?

Weird, the smartest President in history had majorities in the House and Senate for 2 years and still hasn't fixed the Bush policy mistakes after more than 5 years?

Right, WHILE the economy was in danger of falling off the GOP cliff?



The Myth of Democratic Super Majority.


The Truth is that the Democrats only had a filibuster-proof majority for 24 working days during that period. Here are the details:


Democrats only had a veto proof majority for 24 working days | Fact Left


WAR COSTS CAN JUST DISAPPEAR RIGHT? lol

 

[Dad2three]

Only thing is, Presidents don't spend money. Congresses do.

Look at the chart. It proves what I've been saying here for 4 years. Democrat Congresses cannot be trusted with the national purse. Look at just Clinton Bush and obama administrations. Deficits increase slower when Congress is controlled by the GOP. The only reason our economy has improved a bit in the last 3 years is the ability of the House of Representatives to prevent passage of some massive spending bills.

The “debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts.”

Cue the FoxNews denunciations.

David Stockman, director of the Office of Management and Budget under President Ronald Reagan, has dared to call out his own party for creating our current economic problems


David Stockman bombshell: How my Republican Party destroyed the American economy. | ThinkProgress





David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country



A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

Obama deficits good, Reagan deficits bad

Weird conservatives are such simple thinkers


Ronnie tripled the debt WHILE cutting revenues, Obama inherited ANOTHER GOP great meltdown, where spending SHOULD increase, but luckily Obama cut the deficit Bush left US by 60%...

 

[Dad2three]

WE TOOK IN MORE THAN WE SPENT IN THAT BUDGET.

And your proof is that debt increased.

Keep showing ignorance on yearly budgets which have nothing to do with debt. Must be a conservative

The Budget and Deficit Under Clinton

Gingrich had a 236B Surplus?

Wow

Sure, that's the right wing MYTH. Of course only after Clinton's/Dems first surplus was created thanks to good fiscal policy started by the 93 budget bill NO GOPers voted for, AFTER Clinton's first surplus the GOP passed a $700+ billion tax cut Clinton vetoed to get 3 more. THEN Dubya/GOP came into office, we saw the results

 

[Toddsterpatriot]

The one where you should have landed, page 29

I don't see that on page 29. Perhaps you should cut and paste the proof you claim?

WILLFUL IGNORANCE. Got it


Mandatory spending cut $76.9 billion

Discretionary spending cut $68.5

Debt service cut $46.8

http://www.cbo.gov/sites/default/fi...104xx/doc10415/1994_03_reducingthedeficit.pdf

WILLFUL IGNORANCE. Got it

You're funny. I'm supposed to see $76.9 and $68.5 and know that's the imaginary $140 billion you meant? LOL!

So he cut "baseline" spending, he didn't actually cut spending.

Thanks, it's nice to see you admit your error.

 

[Dad2three]

I don't see that on page 29. Perhaps you should cut and paste the proof you claim?

WILLFUL IGNORANCE. Got it


Mandatory spending cut $76.9 billion

Discretionary spending cut $68.5

Debt service cut $46.8

http://www.cbo.gov/sites/default/fi...104xx/doc10415/1994_03_reducingthedeficit.pdf

WILLFUL IGNORANCE. Got it

You're funny. I'm supposed to see $76.9 and $68.5 and know that's the imaginary $140 billion you meant? LOL!

So he cut "baseline" spending, he didn't actually cut spending.

Thanks, it's nice to see you admit your error.

Got it, You don't believe the non partisan CBO....

 

[Dad2three]

Why do conservatives always accuse the intelligent, accomplished people of promoting a left wing agenda? You can't expect them to promote the agenda purported by the"Stupid Party"!

 

[Toddsterpatriot]

Weird, you must think all policy ends the day the next guy enters office?

Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits


Just two policies dating from the Bush Administration — tax cuts and the wars in Iraq and Afghanistan — accounted for over $500 billion of the deficit in 2009 and will account for nearly $6 trillion in deficits in 2009 through 2019 (including associated debt-service costs of $1.4 trillion). By 2019, we estimate that these two policies will account for almost half — over $8 trillion — of the $17 trillion in debt that will be owed under current policies



Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits ? Center on Budget and Policy Priorities

Weird, you must think all policy ends the day the next guy enters office?

Weird, the smartest President in history had majorities in the House and Senate for 2 years and still hasn't fixed the Bush policy mistakes after more than 5 years?

Right, WHILE the economy was in danger of falling off the GOP cliff?



The Myth of Democratic Super Majority.


The Truth is that the Democrats only had a filibuster-proof majority for 24 working days during that period. Here are the details:


Democrats only had a veto proof majority for 24 working days | Fact Left


WAR COSTS CAN JUST DISAPPEAR RIGHT? lol

The Myth of Democratic Super Majority.

He's had a majority his entire time in office. That's more than Bush had in the Senate.

Smartest President ever can't fix things with a majority? Poor baby.

At least his brilliance has us on track now.

Real gross domestic product (GDP) fell 2.9 percent at an annual rate in the first quarter of 2014, according to the third estimate from the Bureau of Economic Analysis.

Oops.

 

[Toddsterpatriot]

WILLFUL IGNORANCE. Got it


Mandatory spending cut $76.9 billion

Discretionary spending cut $68.5

Debt service cut $46.8

http://www.cbo.gov/sites/default/fi...104xx/doc10415/1994_03_reducingthedeficit.pdf

WILLFUL IGNORANCE. Got it

You're funny. I'm supposed to see $76.9 and $68.5 and know that's the imaginary $140 billion you meant? LOL!

So he cut "baseline" spending, he didn't actually cut spending.

Thanks, it's nice to see you admit your error.

Got it, You don't believe the non partisan CBO....

The claim was he cut spending in his first 2 years.

Did spending actually go down?

 

[Dad2three]

Weird, you must think all policy ends the day the next guy enters office?

Weird, the smartest President in history had majorities in the House and Senate for 2 years and still hasn't fixed the Bush policy mistakes after more than 5 years?

Right, WHILE the economy was in danger of falling off the GOP cliff?



The Myth of Democratic Super Majority.


The Truth is that the Democrats only had a filibuster-proof majority for 24 working days during that period. Here are the details:


Democrats only had a veto proof majority for 24 working days | Fact Left


WAR COSTS CAN JUST DISAPPEAR RIGHT? lol

The Myth of Democratic Super Majority.

He's had a majority his entire time in office. That's more than Bush had in the Senate.

Smartest President ever can't fix things with a majority? Poor baby.

At least his brilliance has us on track now.

Real gross domestic product (GDP) fell 2.9 percent at an annual rate in the first quarter of 2014, according to the third estimate from the Bureau of Economic Analysis.

Oops.

Conservatives NEVER let facts or truth get in their way

GOP has blocked EVERYTHING in the Senate without a super majority for the Dems....

Weird, So GDP fell? That NEVER happens under GOP Prez's right (9% Dubya last quarter 2008, Reagan had 5 quarters of negative GDP)

 

[Dad2three]

WILLFUL IGNORANCE. Got it

You're funny. I'm supposed to see $76.9 and $68.5 and know that's the imaginary $140 billion you meant? LOL!

So he cut "baseline" spending, he didn't actually cut spending.

Thanks, it's nice to see you admit your error.

Got it, You don't believe the non partisan CBO....

The claim was he cut spending in his first 2 years.

Did spending actually go down?

The claim is he DID cut spending, from what was GOING to happen


We already know what economic policies work best for our country. Clinton knew that we had to cut spending and increase revenues. We had revenues of 20.6% of GDP and a surplus in 2000. Then something terrible happened, the Republicans gained complete control in 2001 and instead of sticking with what was working they decided that their ideology was more important. The debt has gone up $12 trillion since then.

 

[CrusaderFrank]

The “debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts.”

Cue the FoxNews denunciations.

David Stockman, director of the Office of Management and Budget under President Ronald Reagan, has dared to call out his own party for creating our current economic problems


David Stockman bombshell: How my Republican Party destroyed the American economy. | ThinkProgress





David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country



A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

Obama deficits good, Reagan deficits bad

Weird conservatives are such simple thinkers


Ronnie tripled the debt WHILE cutting revenues, Obama inherited ANOTHER GOP great meltdown, where spending SHOULD increase, but luckily Obama cut the deficit Bush left US by 60%...

LOL

"Obama inherited" is just another way of saying "I'm a moron who loves and supports Obama"

 

[Uncensored2008]

They Clinton budget cut spending $140+ billion, part of their $400+ billion deficit reduction bill

http://www.cbo.gov/sites/default/fi...104xx/doc10415/1994_03_reducingthedeficit.pdf

So then, you shit flinging monkey, you claim that government outlays in 2001 were $140 billion less than in 1993 when Clinton took office? IS that your claim, you feral baboon?

 

[TheJedi]

So are deficits good or bad?

deficits = inflation.
debt has only small inflationary effect unless too much deficit inflation or missed debt payment spikes interest rates.

When did Clinton cut spending with his Dem House and Dem Senate?

Actually, he did it with a Republican House and Senate.

 

[CrusaderFrank]

Obama: First credit downgrade, spent more money in a year than most civilization spend in their entire history, will have run up more debt than all out previous Presidents combined, but Progs Love him and his deficits because, well just because, he's so dreamy

 

[Uncensored2008]

Actually, he did it with a Republican House and Senate.

So it would be more accurate (but less partisan) to say the Republican House and Senate cut spending....

Ah, but you hold party above accuracy, so you will never do that.

 

[Dad2three]

Obama deficits good, Reagan deficits bad

Weird conservatives are such simple thinkers


Ronnie tripled the debt WHILE cutting revenues, Obama inherited ANOTHER GOP great meltdown, where spending SHOULD increase, but luckily Obama cut the deficit Bush left US by 60%...

LOL

"Obama inherited" is just another way of saying "I'm a moron who loves and supports Obama"

Weird how the ONLY thing conservatives have is false premises, distortions and lies in their ammo box


Pretty boilerplate conservative, always blubbering excuses about how conservatives aren't responsible for the complete and utter failure of their policies

 

[Dad2three]

Actually, he did it with a Republican House and Senate.

So it would be more accurate (but less partisan) to say the Republican House and Senate cut spending....

Ah, but you hold party above accuracy, so you will never do that.

No, Prez sets the tone for the budgets, then has the veto pen, like Clinton's veto of the GOP $700+ tax cut AFTER his first surplus