Bad Bob Loc: Virginia

https://www.yahoo.com/news/m/db5a9719-069b-3722-b8c4-665a1d1d746c/ss_trump-trillion-dollar-plus.html

Though no one in Washington will admit it, our nation's finances are in deep trouble. Spending is up, revenues are down, and this will only get worse. It became very clear this month that neither the Trump White House nor its allies on Capitol Hill want you to know that the federal budget is already in very bad shape ... and getting worse. It happened when the U.S. Treasury, the official keeper of Washington’s financial results, issued its monthly statement for the first 10 months of fiscal 2018 about federal revenues and spending and, therefore, the budget deficit. Treasury showed what no president ever wants to admit: the deficit is spiking. The federal government’s red ink this year is already ...
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rick1958

I found it interesting that you don't mention that your hero Barack Obama doubled the national debt by more than 10 trillion dollars while he was in office but I guess that was ok since he was a l*****t Muslim c*******t.

Bad Bob Loc: Virginia

Sure NNs

Airforceone

Trump Quote during the campaign I will negotiate the federal deficit in half in my first year.

I will not run $400 billion deficits like Obama’s but he is now running trillion dollar deficits and he has no end in site. But but Trump forgot to tell his lunatic base was Obama cut deficit spending down to $400 Billion from the Bush deficit spending.

Trumps wealthy tax cuts Massive Defence spending as of today will add $7 trillion to the deficit and this buffoon is trying to add more tax cuts to the wealthy that will be deficit financed.

son of witless

I blame Obama. Obama blamed Bush for his deficits and you guys want to give Obama credit for Trump's fantabulous economy. Therefore, do you like that big word, therefore Trump's deficits are left over from Obama.

How does it feel to have your own logic used agin you ? Oh wait, I know what you will say. " It feels SILLY.

Airforceone

Did you do any reseach on what spending during Obama’s presidency was directly created by Bush. Did Obama create two phony wars (UNPAID FOR) did Obama create Bush Tax cuts (UNPAID FOR) Did Obama create the Bush recession with 10.2% unemployment (MASSIVE FUNDS LOST TO FEDERAL TAX REVENUE) did Obama create Medicare Part D( UNPAID FOR) did Obama create TARP (UNPAID FOR) all these bills carried over into the the Obama administration. So okay give me Obama bills carried over to the Trump administration.
This is the problem with Yrump supporters they have never read a budget they have no idea who holds the US debt and where it came from.

woodguru

The national debt and where it was headed was inherited from Bush, Obama reduced the deficit by roughly $700 Billion from the $1.3 Trillion it was when Bush left office, which is to say the national debt would have been much higher. Bush had loaded the budget with long term budget k*****g expenses and commitments that could not be reversed by the next president or the one after. Bush was a fan of 25 year program commitments and the resulting long term bills.

Bad Bob Loc: Virginia

Witless who do you "blame" for the 2018 deficit?

son of witless

For you to now say this stuff is humorous. Like YOU and only YOU deal in provable facts. Like you can defend what you say.

No, you are not worth my valuable time and effort.

son of witless

Obama. Trump had no idea how bad things were or how deep a mess the last President left him. Sound familiar ??????????????????????????????????

It is Obama LOGIC 101.

woodguru

Obama left Trump record stock levels and they were increasing and going to new highs on a regular basis.

Blame means nothing, only the facts, part of the sheer ignorance comes from a lack of understanding of cause and effect that cannot be blamed on the other party. Here's how simple it is.

Bush took over an economy that had a budget surplus, more coming in than was being spent. Rather than use that surplus to pay down the debt, or even invest in much needed infrastructure that would have made an even better economy by putting people to work and further increasing tax revenues because there are more people making incomes (that's how it works folks), Bush made his infamous Bush tax cuts. Pure common sense and a basic grasp of math would tell anyone that if you reduce tax revenues that is going to alter the budget by exactly the amount the revenues are reduced.

So it's extremely clear that Bush took a budget surplus, and ran up a spending spree to where the budget deficit was $1.3 Trillion. It's worth noting in this factual narrative that Clinton's "k**ler" taxes created an economy that added over 20 million jobs, meanwhile Bush along with his budget busting tax cuts and spending lost over 20 million jobs. Now intelligent people could easily make a connection here. Higher taxes didn't hurt jobs and the economy, lower taxes did not seem to help create jobs, both positions proved through two 8 year administrations that perfectly make the points.

Back to Obama and the economy he inherited, stock market in the crapper, unemployment at over 11%, 800,000 more jobs lost in January, foreclosures at a ridiculous level (25% if I recall correctly). Yes it's fair to say that the economy and the shape it was in was Bush's fault, what else can a thinking person think?

The other thing that was definitely Obama's fault was the economy Trump inherited, 5% unemployment, record stock prices being regularly posted, home values and sales extremely strong, over 80 straight months of jobs growth, which was a record for decades. So yeah, we'll take responsibility for an economy Trump took over that was Obama's "fault".

Trump inherited a great economy, an economy is like a ship's direction, hard to turn, a good economy will keep on going good until you start screwing with things, and the effects will take time to cause the direction to change.

Trump has thrown monkey wrench after monkey wrench into this economy, starting with tax cuts that can do only one thing, add the amount of the cut to the deficit. Anyone who believes tax cuts have done anything for this economy are living in a delusional world. The tiny increases working class people will see will be eaten up by higher gasoline prices, which will make the prices of everything else go up.

Trump will be adding subsidies for farmers, ranchers, and processors to the deficit as well. The GOP is running record pork spending riders into the budget as well, and when dems object they will be blamed for shutting down government When the debt ceiling needs to be raised because it's increasing exponentially with budget deficits, and they try to deny republicans their frivolous projects.

woodguru

There was no mess Obama left except the rhetorical one the right was spinning

Record stock levels being hit on a regular basis
foreclosures down to nothing compared to where they were
home prices at decade highs
unemployment at the 5% point and decreasing
deficit at well under half of what Bush left at $1.3 Trillion (a number Trump will soon hit)

Such a mess, let's see what Trump does with it. The right better hope dems take control of the house because it's the only way they will be able to blame the impending train wreck we are heading for on dems, right now Trump owns this mess we're heading for that he is personally creating.

Bad Bob Loc: Virginia

Now I call Witless for rebuttal. Witless---------------------------------------------

woodguru

You can't blame someone just because you want to, facts matter.

Go ahead, blame Obama for the great economy Trump took over, and you won't be able to blame Obama when Trump screws it up, which he already did with tax cuts. If you are going to take pages out of past president's books don't take it from the book of failures.

Bush economics 101, how to screw up a thriving economy starting with tax cuts...see the sequal.

woodguru

Hello...witless for the rebuttal, witless are you there?