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Looks like too much spending which is increasing the debt.
Take note the last time it was downgraded was under Obama, now under Biden.
Of course, it will probably be blamed on the racist republican party.
In my little mind...I've always stated that both parties spend too much.The reason given for the downgrade....does this in your little mind sound like the work of a single party...
“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said Tuesday.
“In addition, the government lacks a medium-term fiscal framework, unlike most peers, and has a complex budgeting process.”
It should be blamed on those who keep making crises out of the debt ceiling....and the big spenders...Looks like too much spending which is increasing the debt.
Take note the last time it was downgraded was under Obama, now under Biden.
Of course, it will probably be blamed on the racist republican party.
In my little mind...I've always stated that both parties spend too much.
Use that overblown brain of yours and research what I've said in the past on placing the blame.
Bottom line is that it really is too much debt being accumulated.
Golfing Gator and I just had this conversation....It should be blamed on those who keep making crises out of the debt ceiling....and the big spenders...
Conveniently, they are one and the same.
We can go through the numbers together.Golfing Gator and I just had this conversation....
Horseman,
I can't fix your bias or lack of honesty.
Carry on
I know that both sides tend to be polarized, as you see with the liberal 'horseman.I guess your post above was just an outlier!
Please.I know that both sides tend to be polarized, as you see with the liberal 'horseman.
No mention of who controlled the House?Let's get this party started
The starting point is the FY 1981 budget, the last of Jimmy Carter.
Revenues - 599.3
Outlays - 678.2
Ronald Reagan
R - 991
O - 1143.7
G. H. W. Bush
R - 1154.3
O - 1409.4
Elvis Clinton
R - 1991
O - 1862.8
Scrub
R - 2105
O - 3517
Obama
R - 3316
O - 3981
Grifty
R - 3500*
O - 4700*
* to avoid the bitter tears and recriminations, I have used Grifty's last WH Budget request, and extrapolated the deficit based on trend. Subtracting this from Outlays should be equal to Revenues.
Now, meister.....the next step would involve comparing the rates at which each grows....
But trying to calculate 4th or 8th roots blows, so we'll use this hack.
Online TVM Calculator | Financial Calculator
now you just have to plug and play.
Shall we proceed?
Because I know EXACTLY where you will run, I've asked that we first agree on the OBJECTIVE, before you launch into the excuses necessary to make your characterization of me correct.No mention of who controlled the House?
convenient
MeisterBecause I know EXACTLY where you will run, I've asked that we first agree on the OBJECTIVE, before you launch into the excuses necessary to make your characterization of me correct.
So let's get this math out of the way before we start the theological discussion.
Actually they are often revised UPTill the numbers are REVISED DOWN like they always are lol
Fucking troll.
Keep lying. It's fun.
.
That’s what happens when you have an irresponsible GOP Congress threatening to not pay our debtsSo having our AAA rating downgraded to AA+ is now a good thing?
Bidenomics at it's finest, borrowing money will soon cost more.
It's what happens when we as a nation spend too much.That’s what happens when you have an irresponsible GOP Congress threatening to not pay our debts
