When Did Trump Make You A Keynesian?

[P@triot]

Reaganomics was all about trickle down, greasing that top 1% , and by using the next genrations $$$ to do so. Reagan was Trump's idol , he's operating basically the same

Well I guess that’s explains how President Trump created an unprecedented economic superpower, just like President Reagan did.

 

[P@triot]

Trump may out-debt even Reagan

But all president in U.S. history combined couldn’t “out-debt” MaObama...

Obama added the most debt dollar-wise

The national debt was $10 trillion when MaObama took over. It was $20 trillion when he left.

Which President Increased U.S. Debt the Most?

 

[P@triot]

Trump may out-debt even Reagan

 

[Brain357]

Trump may out-debt even Reagan

But all president in U.S. history combined couldn’t “out-debt” MaObama...

Obama added the most debt dollar-wise

The national debt was $10 trillion when MaObama took over. It was $20 trillion when he left.

Which President Increased U.S. Debt the Most?

Reagan did triple the debt you know. Not fair to speak in dollars.

 

[P@triot]

Trump may out-debt even Reagan

 

[Brain357]

Trump may out-debt even Reagan

View attachment 222322

I don't think anyone is going to say Obama was good for debt. We should all be much more concerned that Trump is following in his footsteps.

 

[P@triot]

Reagan did triple the debt you know. Not fair to speak in dollars.

Yeah...it’s so not fair to “speak in” actual currency since that’s the actual debt.

You do realize that the national debt was fairly nominal when Reagan took over, so it was fairly simple to triple, don’t you? You do realize that the national debt was fairly significant when Obama took over, so doubling that was catastrophic, don’t you?

 

[P@triot]

Trump may out-debt even Reagan

View attachment 222322

I don't think anyone is going to say Obama was good for debt. We should all be much more concerned that Trump is following in his footsteps.

Actually...he’s not even in the ballpark.

 

[P@triot]

Trump may out-debt even Reagan

 

[P@triot]

Trump may out-debt even Reagan

 

[Brain357]

Reagan did triple the debt you know. Not fair to speak in dollars.

Yeah...it’s so not fair to “speak in” actual currency since that’s the actual debt.

You do realize that the national debt was fairly nominal when Reagan took over, so it was fairly simple to triple, don’t you? You do realize that the national debt was fairly significant when Obama took over, so doubling that was catastrophic, don’t you?

I realize that the economy was much bigger under Obama compared to Reagan.

 

[MarathonMike]

Trump didn't make me a Keynesian but he did make me extremely glad for America when he kicked Hillary's ass.

 

[Brain357]

Trump may out-debt even Reagan

View attachment 222322

I don't think anyone is going to say Obama was good for debt. We should all be much more concerned that Trump is following in his footsteps.

Actually...he’s not even in the ballpark.

He's working on a trillion dollar deficit. Yeah that's real close and he's doing it when he was handed a strong economy. Obama was handed a recession, 2 wars, housing collapse, auto industry collapse, banking industry collapse.... It's crazy how much trump has increased deficits during a strong economy.

 

[P@triot]

Trump may out-debt even Reagan

This is a first-term to first-term comparison...

 

[Brain357]

Trump may out-debt even Reagan

This is a first-term to first-term comparison...
View attachment 222330

https://www.sfgate.com/business/article/U-S-Budget-Deficit-Swells-to-898-Billion-13227880.php

(Bloomberg) -- The U.S. budget deficit widened to $898 billion in the 11 months through August, exceeding the Congressional Budget Office’s forecast for the first full fiscal year under the Trump presidency.

 

[P@triot]

Obama was handed a recession, 2 wars....

Obama was handed two wars? What was Trump handed...peace time?

 

[Brain357]

Obama was handed a recession, 2 wars....

Obama was handed two wars? What was Trump handed...peace time?

1 war that he's done nothing about.

 

[gtopa1]

We've all heard the pseudocon Rube Herd parrot the meme that "tax cuts increase revenues". They get this meme from their propagandists and then repeat it unthinkingly.

There are two key facts which expose the lie hidden in that meme. First, the obvious fact is that if you lower tax rates all the way to zero, you have zero revenues. So at some point, tax cuts fail to increase revenues.

The second fact is one which their propagandists deliberately keep from the rubes. This is a deliberate omission, and therefore a deliberately crafted lie. And that fact is that revenues have also increased after a tax INCREASE.

See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

Notice how tax revenues INCREASED after the tax rates went UP a whopping 8.6 points:


FY 1991 - $1.05 trillion.
FY 1992 - $1.09 trillion.
FY 1993 - $1.15 trillion.
FY 1994 - $1.26 trillion.
FY 1995 - $1.35 trillion.
FY 1996 - $1.45 trillion.
FY 1997 - $1.58 trillion.
FY 1998 - $1.72 trillion.
FY 1999 - $1.82 trillion.
FY 2000 - $2.03 trillion

Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

And after the Bush tax cut expired on the top marginal rate in 2013, federal revenues continued to increase:

FY 2012 - $2.45 trillion.
FY 2013 - $2.77 trillion.
FY 2014 - $3.02 trillion.
FY 2015 - $3.25 trillion.
FY 2016 - $3.27 trillion.
FY 2017 - $3.32 trillion.

So, clearly, increasing or decreasing tax rates a few points here and there has almost nothing to do with revenues.

As Bill Clinton said, "It's the economy, stupid."

By the way, job growth exploded during the higher tax Clinton years. 30 million jobs in 8 years, with less than 5 percent unemployment.

So the next time you are crowing about the current tax rate increasing revenues, you should know your propagandists are counting on you not looking beyond the carefully framed numbers they present to your dumb ass.


But it gets worse. Much worse. You are being even dumber than that.

Because while your pseudocon propagandists are crowing about revenues, they are counting on you not noticing that despite increased revenues, your party and your President are EXPLODING our deficits!

It's called misdirection. A classic magician's trick to fool the rubes.

Trump is on track to blow Obama's debt record wide open. And after whining and whining and whining and whining non-stop for eight years about Obama's spending, your propagandists have gone dark.

And so have you.

The stench of hypocrisy is all over you.

My Dear boy; I have been a Keynesian since I too ECO101 in the 70's and properly applied is spot on. But using Keynes to justify profligate spending is disgusting!!

Where Keynes Went Wrong

Stimulii should be applied to the PRODUCTIVE sectors.

Greg

 

[P@triot]

Obama was handed a recession....

Your “logic” here is severely lacking. When a fire department is handed a 4-alarm fire, do they pour gasoline on it? Everything you mentioned is no excuse for his debts. None.

So there was a recession? Don’t unconstitutionally (and idiotically) throw trillions of dollars around in corporate welfare. You people are supposed to oppose that. Remember? And GWB handed him a fully-funded, fully-stacked military superpower (meaning he had no unnecessary costs). Both Reagan and Bush II had to rebuild militaries decimated by failed an idiotic left-wing policy.

 

[Brain357]

Obama was handed a recession....

Your “logic” here is severely lacking. When a fire department is handed a 4-alarm fire, do they pour gasoline on it? Everything you mentioned is no excuse for his debts. None.

So there was a recession? Don’t unconstitutionally (and idiotically) throw trillions of dollars around in corporate welfare. You people are supposed to oppose that. Remember? And GWB handed him a fully-funded, fully-stacked military superpower (meaning he had no unnecessary costs). Both Reagan and Bush II had to rebuild militaries decimated by failed an idiotic left-wing policy.

Trump is throwing that money around in a strong economy:

(Bloomberg) -- The U.S. budget deficit widened to $898 billion in the 11 months through August, exceeding the Congressional Budget Office’s forecast for the first full fiscal year under the Trump presidency.