Federal debt explodes by $1 trillion in five weeks since deal suspending limit became law

Discussion in 'Current Events' started by Bluesguy, Jul 11, 2023.

  1. Curious Always

    Curious Always Well-Known Member Past Donor

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    Yeah. It’s hard to the team red seriously on spending. I’ve watched them promote responsible spending my whole life, but only while campaigning or when blue laundry controls Congress and the West Wing.

    They gleefully cheer when billionaires get tax cuts, though. They giggle like third grade girls, because they know that one day, when they reach billionaire status, they too will enjoy these tax cuts.
     
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  2. fullmetaljack

    fullmetaljack Well-Known Member

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    I'm asking you. Go ahead, tell us what effect they had.

    Now that we have established that Republicans have exploded the debt through deficit spending and borrowing, which side do you support in this budget deal ?
     
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  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    You said
    Me
    They took their recession high $400B down to a paltry $161B in 2007 heading back to surplus.

    Do you admit your first statement is incorrect? I never claimed Trump reduced the debt.
     
  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    I alredy did, bringing it down from the recession high of $400B, my what we would give to only have a $400B deficit again, they quickly brought it back down to a measly $161B how is that EXPLODING the debt compared to Bidens $1,000B in just five weeks?
     
  5. Curious Always

    Curious Always Well-Known Member Past Donor

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    But you never complained about it, either. So, for you, it's just another set of run-of-the-mill criminals in DC doing what they always do. They think about how nice it will be to be dead when the precious children of today are trying to figure out what to do about the out of control spending that caused the hot mess they face.

    Won't somebody think of the children?
     
    Last edited: Jul 13, 2023
  6. fullmetaljack

    fullmetaljack Well-Known Member

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    Ah, but you left out the $1.3 Trillion and $3 Trillion deficits that Bush and the Orange Stain created as well as all the national debt that Reagan thru Orange stuck us with.
     
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    You don't believe the COVID emergency spending skews the number for comparison? You view that only as Trump/Rep spendingand not the special allocation that was entirely bipartisan?

    It makes me laugh how defenders of Democrat fiscal policy try to pretend COVID didn't happen and that all that spending ws just normal discretionary spending BY JUST REPUBLICANS AND TRUMP.
     
  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    The first Obama/Dem budget, just one year, was $1,400B. And hey kept it over $1,000B for the next three years.
     
  9. Par10

    Par10 Well-Known Member

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    My comment was to note that Pelosi was speaker when the House spent the money. Yes, I agree with you.
     
  10. fullmetaljack

    fullmetaljack Well-Known Member

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    Yes, after the recession the Republicans stuck him with he really had to work to get it all the way back down to $583B. Of course it only took the Orange Stain four years to explode it up to $3,100B.
     
  11. Par10

    Par10 Well-Known Member

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    Why call Pelosi the Orange Stain? Ugly Stain would be more descriptive.
     
  12. fullmetaljack

    fullmetaljack Well-Known Member

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    I didn't. She may be ugly, but the Orange Stain was wildly incompetent.
     
  13. omni

    omni Well-Known Member

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    Was there a global recession when Obama took over?
     
  14. omni

    omni Well-Known Member

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    When did COVID start? What was the budget deficit under Trump before COVID?
     
  15. Par10

    Par10 Well-Known Member

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    Maybe so but the House sets the budget. If you are going to point to Trump for the huge spending, you have to start with Pelosi and the Dem House that created the spending plan that he signed. To do otherwise is just ignorant.
     
  16. omni

    omni Well-Known Member

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    It's true. Under Clinton, we had budget surpluses. Then when Bush became president, the debt went back up even though repubclicans controlled both chambers.

    They turned yearly surpluses into deficits when a republican became president.
     
  17. Gateman_Wen

    Gateman_Wen Well-Known Member

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    Bill Clinton's budgets.

    Stop with the revisionist history.
     
  18. omni

    omni Well-Known Member

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    Bush Administration Adds $4 Trillion To National Debt



    https://www.cbsnews.com/news/bush-administration-adds-4-trillion-to-national-debt/

    Republicans only care about the debt when a democrat is president.
     
    Last edited: Jul 13, 2023
  19. Sage3030

    Sage3030 Well-Known Member

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    No they actually were not. You can pretend they were, but that’s all it would be. Pretend.
     
  20. Sage3030

    Sage3030 Well-Known Member

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    Clintons budgets were not what was passed, so they were not his budgets.
     
  21. Sage3030

    Sage3030 Well-Known Member

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    Looks like you’re revising what actually happened to make your non-factual statement. His budgets were not passed.
     
  22. Gateman_Wen

    Gateman_Wen Well-Known Member

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    NOpe. that's what they were. Reality is real.
     
  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    Sorry but do back your claim that after taking back the Congress the Reps under Gingrich and Kasich then just passed Clintons budgets and policies. Provide me his proposal to cut capgains taxes after he had raised them. Show me where his welfare reform is what was passedand why didn't he when he hada Dem Congress.
     
  24. Bluesguy

    Bluesguy Well-Known Member Donor

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    Are you including the 2008 and 2009 deficts as your Bush deficit?
     
  25. Bluesguy

    Bluesguy Well-Known Member Donor

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    It's true we had surpluses under Gingrich and Kasch budgets passed by Republican Congress’s. Clinton wanted higher spending. Those surpluses turned to deficits due to the slowdown which began during Clinton's term and turned into a recession within weeks of Bush taking office. Now do you wish to compare how the Reps handled that one to how the Dems handled the next one?
     

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