Another 3 trillion dollars in debt

marke

Well-known member
Cites?

Otherwise, opinion an all ya know. Don't count for much in itself especially if there's no substantiation for it.

You're a Trump fan, that's more than obvious but banging on with the familiar tropes of "fake news" et al is weak at best.
Congress runs up debt. The president just signs it. Here are the facts. Notice that the only times more than a trillion dollars a year was added to the national debt in the 20-year span given was 6 times under Obama.


Recent additions to U.S. public debt[144][105][106][108] Fiscal year (begins
Oct. 1 of year prior to stated year) GDP$ Billions New debt
1994 $7,200 $281–292 3.9–4.1% ~$4,650 64.6–65.2%
1995 7,600 277–281 3.7% ~4,950 64.8–65.6%
1996 8,000 251–260 3.1–3.3% ~5,200 65.0–65.4%
1997 8,500 188 2.2% ~5,400 63.2–63.8%
1998 8,950 109–113 1.2–1.3% ~5,500 61.2–61.8%
1999 9,500 127–130 1.3–1.4% 5,656 59.3%
2000 10,150 18 0.2% 5,674 55.8%
2001 $10,550 $133 1.3% $5,792 54.8%
2002 10,900 421 3.9% 6,213 57.1%
2003 11,350 570 5.0% 6,783 59.9%
2004 12,100 596 4.9%
7,379 61.0%
2005 12,900 539 4.2% 7,918 61.4%
2006 13,700 575 4.2% 8,493 62.1%
2007 14,300 500 3.5% 8,993 62.8%
2008 14,750 1,018 6.9% 10,011 67.9%
2009 $14,400 $1,887 13.1% $11,898 82.5%
2010 14,800 1,653 11.2% 13,551 91.6%
2011[145] 15,400 1,230 8.0% 14,781 96.1%
2012 16,050 1,278 8.0% 16,059 100.2%
2013 16,500 673 4.1% 16,732 101.3%
2014 17,200 1,078 6.3% 17,810 103.4%
2015 17,900 328 1.8% 18,138 101.3%
2016 (Oct. '15 –
Jul. '16 only) ~1,290 ~7.0% ~19,428 ~106.1%
 

User Name

Well-known member
Temp Banned
Congress runs up debt. The president just signs it.

"The president just signs it"? The president could also refuse to sign it.

Also, which party had majorities in the House and Senate during those years that a trillion dollars a year was added to the national debt under Obama?

Also, you neglected to mention that Trump was only in office for 4 years, whereas Obama was president for 8 years, and Trump's deficits during his 1 term in office add up to more than half of Obama's 2-term deficits.

Also, I have come to the conclusion that you are a fundamentally dishonest person because no truly sane person could be as stupid as you pretend to be.

Here are the facts. Notice that the only times more than a trillion dollars a year was added to the national debt in the 20-year span given was 6 times under Obama.

You neglected to mention percentages. The fact is that the national debt increased 186% under Reagan, 101% under G.W. Bush, and 74% under Obama. Source:


2020-10-12-Budget-deficit-per-presidential-term-1024x1024.png
 

marke

Well-known member
"The president just signs it"? The president could also refuse to sign it.

Also, which party had majorities in the House and Senate during those years that a trillion dollars a year was added to the national debt under Obama?

Also, you neglected to mention that Trump was only in office for 4 years, whereas Obama was president for 8 years, and Trump's deficits during his 1 term in office add up to more than half of Obama's 2-term deficits.

Also, I have come to the conclusion that you are a fundamentally dishonest person because no truly sane person could be as stupid as you pretend to be.



You neglected to mention percentages. The fact is that the national debt increased 186% under Reagan, 101% under G.W. Bush, and 74% under Obama. Source:


2020-10-12-Budget-deficit-per-presidential-term-1024x1024.png
We are talking about the national debt and debt ceiling. Obama kept deficits low by exploding the national debt. If you cannot understand how that is a problem then I cannot be of much help to you.
 

marke

Well-known member

Trump may have vowed to eliminate the debt and Obama may have vowed to eliminate the debt but both added to the debt, and Obama added more than Trump.
 

marke

Well-known member
Trump may have vowed to eliminate the debt and Obama may have vowed to eliminate the debt but both added to the debt, and Obama added more than Trump.
Congress has done it again! It has mustered enough support from all democrats and a handful of republicans to pass another massive boondoggle spending plan at a time when the out-of-control US debt is threatening to bankrupt our nation.

The Senate voted to advance President Biden’s $1.2 trillion infrastructure package on Wednesday, only hours after a bipartisan group of lawmakers finalized the deal.
In a 67-32 vote, the chamber advanced the bill in a crucial test vote. The legislation cleared the 60-vote hurdle with 17 Republicans joining all 50 Senate Democrats.
The pace was quicker than the usually plodding Senate as lawmakers prepared to leave Washington for a month-long summer break.
 

marke

Well-known member

If our current democrat leaders were wise they would stop adding trillions to the debt given the way they may think former republican leaders have run up the debt to unsustainable levels. What is Biden and his mob of supporters thinking, that the US is immune from fiscal laws?

SALT LAKE CITY—Excessive government spending and mounting national debt will likely trigger a financial crisis in the next 18 months, economist Stephen Moore warned on July 28.
“It’s a very precarious time economically for the country,” Moore told The Epoch Times during the annual meeting of the American Legislative Exchange Council (ALEC) in Salt Lake City.
“There is a debt hangover coming. And if we stay on this path that the Biden administration wants us on, I believe there will be another financial crisis.”
His comments came after a group of bipartisan senators and the White House announced a deal on an infrastructure package with $550 billion in new federal spending. Soon after the announcement, the Senate voted 67–32 to begin debate on the measure, with 17 Republicans joining Democrats.
 

User Name

Well-known member
Temp Banned
If our current democrat leaders were wise they would stop adding trillions to the debt given the way they may think former republican leaders have run up the debt to unsustainable levels. What is Biden and his mob of supporters thinking, that the US is immune from fiscal laws?
If our current republican leaders were wise they would stop adding trillions to the debt given the way they may think former democrat leaders have run up the debt to unsustainable levels. What was Trump and his mob of supporters thinking, that the US is immune from fiscal laws?
 

marke

Well-known member
If our current republican leaders were wise they would stop adding trillions to the debt given the way they may think former democrat leaders have run up the debt to unsustainable levels. What was Trump and his mob of supporters thinking, that the US is immune from fiscal laws?
No politician, regardless of party affiliation, should ignore the debt which is currently threatening our entire existence.
 

marke

Well-known member
Republicans again prove they are aware of the need to restrict spending to sustainable levels, something the Biden democrats are showing no signs of willingness to do. Why did Americans vote for democrats who show such disregard for the future of America by increasing spending to unsustainable levels? Good Americans with good sense still miss Trump.


Senate Minority Leader Mitch McConnell on Thursday dismissed the notion that Republicans would provide the votes necessary to extend the federal debt ceiling and avoid a default on U.S. debts around the world, especially if Democrats reject any GOP input as they move forward with their $3.5 trillion party-line “human infrastructure” package.
Mr. McConnell, a Kentucky Republican, argues that if Democrats are poised to pass the package alone, then they should also be responsible for its spending implications.
“If our colleagues want to ram through yet another reckless tax and spending spree without our input, if they want all this spending and debt to be their signature legacy, they should leap at the chance to own every bit of it,” he said. “So let me make something perfectly clear: If they don’t need or want our input, they won’t get our help with the debt limit increase that these reckless plans will require.”
 

User Name

Well-known member
Temp Banned
Republicans again prove they are aware of the need to restrict spending to sustainable levels, something the Biden democrats are showing no signs of willingness to do.
Republicans always oppose spending when a Democrat is in the White House. Then when a Republican is in the White House, Republican spending goes through the roof.

Republicans only oppose spending when there is a Democrat in the White House because they don't want a Democratic president to be able to take credit for doing anything good--like the much needed rebuilding the nation's infrastructure, for example. Trump could have done that while he was president like he promised he would during the 2016 campaign, but he chose not to bother with that while still driving the deficit to historic highs during his tenure.

Republicans are absolute frauds when it comes to deficit spending, just as they are absolute frauds when it comes to opposing abortion.
 

marke

Well-known member
Republicans always oppose spending when a Democrat is in the White House. Then when a Republican is in the White House, Republican spending goes through the roof.

Republicans only oppose spending when there is a Democrat in the White House because they don't want a Democratic president to be able to take credit for doing anything good--like the much needed rebuilding the nation's infrastructure, for example. Trump could have done that while he was president like he promised he would during the 2016 campaign, but he chose not to bother with that while still driving the deficit to historic highs during his tenure.

Republicans are absolute frauds when it comes to deficit spending, just as they are absolute frauds when it comes to opposing abortion.
You are mistaken. Democrats have fought republicans many times over the years over efforts to raise the debt ceiling. The fight over raising the debt ceiling has always been republicans fighting democrat efforts to raise the ceiling. If there is a war in Congress over raising the debt ceiling, it is always republicans trying to keep democrats from raising the ceiling again, just as in this latest case.
 

ok doser

Well-known member
Republicans always oppose spending when a Democrat is in the White House. Then when a Republican is in the White House, Republican spending goes through the roof.

Republicans only oppose spending when there is a Democrat in the White House because they don't want a Democratic president to be able to take credit for doing anything good--like the much needed rebuilding the nation's infrastructure, for example. Trump could have done that while he was president like he promised he would during the 2016 campaign, but he chose not to bother with that while still driving the deficit to historic highs during his tenure.

Republicans are absolute frauds when it comes to deficit spending, just as they are absolute frauds when it comes to opposing abortion.
We get it, we get it.

You don't like Republicans.

Couldn't you go find somewhere else to whine about it? Please?
 
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