Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
funny, I was an accounting major and finance major at U of Cinncy live in NY on LI Ever in town dinners on meGreat post Dana ,,,you could be my new best friendAnd what way do you mean liberal? I’m fiscally responsible and believe in balanced budgets. I guess that is liberal now, repubs sure have thrown it out.Independents can't be liberal?![]()
I have never seen an republican president end his presidency with a lower deficit than when he started. Same with the national debt.
reagan started with 74 billion in deficit in 1981 when he became president. That deficit was 221 billion when reagan left office. A new historic high
The first bush started with 221 billion in deficit. That deficit was 290 billion when he left office. A new historic high.
Clinton started with 221 billion in deficit. That deficit turned into a surplus of 236 billion when Clinton left office. NOTICE THE DEMOCRAT ELIMINATED THAT DEFICIT AND TURNED IT INTO A SURPLUS.
The bush boy started with a balanced budget with 236 billion in surplus in 2001. The bush boy squandered that surplus to turn it into 1.4 TRILLION in deficit. A new historic record.
Obama started with 1.4 trillion in deficit. In 8 years he slashed it down to 500 and something billion dollars. HE DECREASED THAT DEFICIT BY NEARLY ONE TRILLION DOLLARS.
All of those presidents increased the national debt. Some faster than others. I will say that Clinton had started to pay off that national debt then left a plan for the nation to be out of debt by 2010. Too bad the bush boy trashed it and more than doubled the debt Clinton handed him.
The republican economic policy has always been very irresponsible and always adds to our budget deficit and national debt and always at a much faster rate than democratic presidents.
The truth is the republicans have never been economically or fiscally responsible. Their economic policies have always ended up destroying or harming our economy very badly.
Thank you very much Edward. I'm sure you and I would be good friends if we ever had the chance to meet.
I didn't include trump in that list because he isn't finished in the white house. However he has taken that 500 and something billion in deficit that Obama handed him and has resumed the conservative policy of spending like a drunken sailor and not paying for it.
At the end of 2017 that deficit was 665 billion dollars. Nearly 100 billion more than what Obama left him.
The estimated deficit for 2018 is 984 trillion. trump is doing his best to irresponsibly out spend what the republican presidents did before him. He will be like all the republicans before him and take our deficit to a new historic high. Again.
When I was in college getting my degree in Accounting and Finance, I took a very interesting class. It was the economic history of the United States.
The old conservative economic policy has been forced on the United States many times in our history and every time it ended up either destroying the economy or harming it very badly.
I really wish people would wake up and see what conservative/republican economic policy does to our nation and our people.
That is very interesting. I got my degree at the University of Washington.
I left accounting in the mid 90s. I turned my hobby into a career.
Was able to retire early in 2015.
We're on the opposite side of the continent. Bummer.
If you ever come west dinner is on me.