Trump Policy has Given us this Inflation

[22lcidw]

Whether that is true or not, the Fiat Currency works on velocity. That is the velocity of loans and financial dealings. The elites quietly got rid of M3 some years ago which was the total amount of this. Supposedly they would print up just a little more than the total velocity. We have been printing currency out the wazoo for many years as the massive deficits and social obligations continue to accrue. Our fundamentals re off kilter. We still have a powerful military and a fair percentage as reserve currency. We built up China to make our products as it is difficult to compete with a trending towards socialism government.

 

[kyzr]

He would come out with his plan to lower inflation just like he came out with that great new health plan that we were all going to love.
He's a bullshitter and his flock doesn't care.

Compare that to Biden's record of crimes and disasters.

 

[The Banker]

True but it got it's start under Bush and Obama really kicked it into gear, setting the table for Trump and now Biden.

Obama inherited the Bush crash, and the massive deficits along with it.
Look at how the deficit dropped substantially in the 2nd half of Obama's presidency when the economy recovered from the Bush crash.

Then look at how Trump took that lowered deficit and blew it up again, just like Bush did. Then look at how the deficit has plummeted under Biden.
Here are the FACTS:

U.S. government - Budget surplus or deficit 2029 | Statista

In 2023, the U.S.

www.statista.com

 

[Mac1958]

Compare that to Biden's record of crimes and disasters.

I can understand why you'd want to quickly change the subject.

 

[AyeCantSeeYou]

Charts speak more clearly than the OP can:

What’s the national debt by president?

Key points The national debt, which has surpassed $30 trillion, shows how much the federal government owes. All but two presidents since 1900 have contributed to the national debt, some more than others. More significant contributions have been a result of government spending to finance wa

www.usatoday.com

U.S. Debt by President: Dollar and Percentage

The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.

www.investopedia.com

 

[pknopp]

Obama inherited the Bush crash, and the massive deficits along with it.
Look at how the deficit dropped substantially in the 2nd half of Obama's presidency when the economy recovered from the Bush crash.

Then look at how Trump took that lowered deficit and blew it up again, just like Bush did. Then look at how the deficit has plummeted under Biden.
Here are the FACTS:

U.S. government - Budget surplus or deficit 2029 | Statista

In 2023, the U.S.

www.statista.com

I'm not trying to defend Trump.

 

[LeroyDumonde]

The last President to have a budget surplus every year of his Presidency was Coolidge. Reckless spending has been the norm for every President and Congress since, regardless of party.

 

[The Banker]

Charts speak more clearly than the OP can:

What’s the national debt by president?

Key points The national debt, which has surpassed $30 trillion, shows how much the federal government owes. All but two presidents since 1900 have contributed to the national debt, some more than others. More significant contributions have been a result of government spending to finance wa

www.usatoday.com

View attachment 807210

U.S. Debt by President: Dollar and Percentage

The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.

www.investopedia.com

View attachment 807211

Yes this Chart shows how Bush and Trump ramped up deficits massively and increased it every year of their presidency. AND how the deficit has dropped in the 2nd term of Obama, and dropped under Biden.

Biden inherited the massive Trump defeicit and he has lowered it substantially. Whereas Trump inherited only a $587B deficit from Obama, and he blew that up massively.

You are posting highly misleading data. here are the FACTS:

U.S. government - Budget surplus or deficit 2029 | Statista

In 2023, the U.S.

www.statista.com

 

[Burgermeister]

Gee, what happened in 2020? - M2

 

[whitehall]

Fake money? How does that work? The federal government prints money 24/7 in every administration. If you want to open the fake money can 'O worms we might talk about the bit/coin scammer, Bankman/Fried, who defrauded thousands of Americans and donated millions in dirty money to mostly democrat candidates including Biden. The guy seems to have disappeared after being extradited from the Virgin Islands.

 

[The Banker]

The last President to have a budget surplus every year of his Presidency was Coolidge. Reckless spending has been the norm for every President and Congress since, regardless of party.

yes but look at the deficit, some presidents blew it up and ramped it up every year of their presidency- like GW Bush and Trump.

Some presidents inherited those massive deficits from their predecessor and lowered them substantially, like obama and Biden.

Biden inherited a massive $3+T/yr deficit from Trump, then he lowered that to only $1.3 T/yr in 2022. The facts and data show how republicans increase the deficit massively every year of their presidency (Reagan too), whereas democrats inherit those massive deficits and lower them.

 

[Thinker101]

yes but look at the deficit, some presidents blew it up and ramped it up every year of their presidency- like GW Bush and Trump.

Some presidents inherited those massive deficits from their predecessor and lowered them substantially, like obama and Biden.

Biden inherited a massive $3+T/yr deficit from Trump, then he lowered that to only $1.3 T/yr in 2022. The facts and data show how republicans increase the deficit massively every year of their presidency (Reagan too), whereas democrats inherit those massive deficits and lower them.

Different day, same ole BS from the banker.

President Obama had the largest deficits. By the end of his final budget, FY 2017, his budget deficits totaled $6.781 trillion over his eight years in office. That's a 58% increase from President George W. Bush's last budget.

 

[flack]

Charts speak more clearly than the OP can:

What’s the national debt by president?

Key points The national debt, which has surpassed $30 trillion, shows how much the federal government owes. All but two presidents since 1900 have contributed to the national debt, some more than others. More significant contributions have been a result of government spending to finance wa

www.usatoday.com

View attachment 807210

U.S. Debt by President: Dollar and Percentage

The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.

www.investopedia.com

View attachment 807211

Biden is not done yet.

 

[Moonglow]

Gee, what happened in 2020? - M2

I became fifty-nine years old.

 

[AyeCantSeeYou]

Yes this Chart shows how Bush and Trump ramped up deficits massively and increased it every year of their presidency. AND how the deficit has dropped in the 2nd term of Obama, and dropped under Biden.

Biden inherited the massive Trump defeicit and he has lowered it substantially. Whereas Trump inherited only a $587B deficit from Obama, and he blew that up massively.

You are posting highly misleading data. here are the FACTS:

U.S. government - Budget surplus or deficit 2029 | Statista

In 2023, the U.S.

www.statista.com

So you are claiming that data from the US Treasury Dept is misleading?
What you post shows your agenda. Everyone that can think for themselves (instead of following along with others) sees it.

 

[The Banker]

Different day, same ole BS from the banker.

President Obama had the largest deficits. By the end of his final budget, FY 2017, his budget deficits totaled $6.781 trillion over his eight years in office. That's a 58% increase from President George W. Bush's last budget.

Yes nice spin
see how GW Bush inherited balanced budget, then blew that up.
See how Obama inherited the Bush blow up, but lowered the deficit significantly in his 2nd term when the economy stabilized
See how Trump took those lowered deficits and blew them up pre and post covid
See how Biden inherited the massive Trump deficit and lowered it.

You need to spin reality because the facts prove Bish and Trump blew up the deficit while Clinton, Obama, and Biden all lowered it.

 

[The Banker]

So you are claiming that data from the US Treasury Dept is misleading?
What you post shows your agenda. Everyone that can think for themselves (instead of following along with others) sees it.

No I am saying you are spinning it, and misleading people.

I am posting the data that show each president annual deficit so you can see how it increases or decreases every year.
Check out the facts:

U.S. government - Budget surplus or deficit 2029 | Statista

In 2023, the U.S.

www.statista.com

see how GW Bush inherited balanced budget, then blew that up.
See how Obama inherited the Bush blow up, but lowered the deficit significantly in his 2nd term when the economy stabilized
See how Trump took those lowered deficits and blew them up pre and post covid
See how Biden inherited the massive Trump deficit and lowered it.

 

[AyeCantSeeYou]

No I am saying you are spinning it, and misleading people.

I am posting the data that show each president annual deficit so you can see how it increases or decreases every year.
Check out the facts:

U.S. government - Budget surplus or deficit 2029 | Statista

In 2023, the U.S.

www.statista.com

see how GW Bush inherited balanced budget, then blew that up.
See how Obama inherited the Bush blow up, but lowered the deficit significantly in his 2nd term when the economy stabilized
See how Trump took those lowered deficits and blew them up pre and post covid
See how Biden inherited the massive Trump deficit and lowered it.

I didn't spin anything. I simply posted 2 charts showing facts. You can spin that any way you want, but the info speaks for itself.

Most people do not care what deficit a president "inherits" from the one before. Using that as a way to place blame on what any president "spends" during their term is just ridiculous.

 

[Harry Dresden]

I didn't spin anything. I simply posted 2 charts showing facts. You can spin that any way you want, but the info speaks for itself.

Most people do not care what deficit a president "inherits" from the one before. Using that as a way to place blame on what any president "spends" during their term is just ridiculous.

anytime you question the banker he will say you are spinning it.....and then he will throw the same shit at you,even if you were not talking politics he will come back with......

see how GW Bush inherited balanced budget, then blew that up.
See how Obama inherited the Bush blow up, but lowered the deficit significantly in his 2nd term when the economy stabilized
See how Trump took those lowered deficits and blew them up pre and post covid
See how Biden inherited the massive Trump deficit and lowered it.

the banker is to biased to have a reasonable conversation with....

 

[The Banker]

I didn't spin anything. I simply posted 2 charts showing facts. You can spin that any way you want, but the info speaks for itself.

Most people do not care what deficit a president "inherits" from the one before. Using that as a way to place blame on what any president "spends" during their term is just ridiculous.

Actually most unbiased people do care what deficit they inherited, because that is how you know what the president did, and how republicans try to spin the data. You need to have a reference point as to what the deficit was before they took office.

Bush inherited a balanced budget then he blew that up with massive spending bills, turning the balanced budget into a deficit, BUT just looking at your data, you don't get that full story at all.

Trump inherited a $587B deficit and blew that up to $1T, pre-covid, then $3.1T post covid, Trump went from $587B/yr to $3T/yr... That is as terrible as it gets, worst than any president in US history.
Biden inherited that same $3+T and lowered it to $1.3T/yr, a huge drop. A big reduction, a massive drop, a big win, but looking at your misleading data, you do not get the full story.

The point in life is not to spin facts to fit your biased narrative, it is to look at all the facts in totality and get an accurate, fact based, conclusion. The goal is to be accurate and correct, not misleading and biased.

Republicans excel at failing and fucking everything up, then spinning the facts to make their fuck ups seem less bad. Maybe republicans should just try to focus on being good??