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Now here are the facts, data and t***h that trump should campaign on
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Dec 16, 2019 18:35:52   #
factnotfiction
 
Radiance3 wrote:
==============
There are now 31 million i*****l a***ns to support with annual costs of $135 billion per year. That does not include costs of the i*****l a***n kids in public schools which cost an average of $12,500 per student kids. There are 3.9 million of illegal kids in public schools alone with added cost of $48,750 billion. Added total annual cost is $183,750 billion annually.

December will be adding revenue when the annual corporate taxes will be paid for the Calendar year ending 2019.

Each year budget deficit is common, and there were higher during the Obama administration when annual deficits amount to trillions of dollars.

So, the best way to calculate the deficit is to look at each president’s budgets. Then, simply add the deficits for those budgets. This reflects the president's priorities in black and white. It measures the impact of deficit spending and tax changes in dollars and cents.

Four Factors That Influence the Deficit
There are four factors that can influence each president's deficit.

The president has no control over the mandatory budget or its deficit. That includes Social Security and Medicare benefits. These are the two biggest expenditures any president has. The mandatory budget estimates what these programs will cost. The acts of Congress that created the programs also mandate the spending. Unless the president can get Congress to remove or change them, he's got to live with that spending.

The Constitution gave Congress, not the president, the power to control spending. The president’s budget is just a starting point. Each house of Congress prepares a discretionary spending budget. They combine them into the final budget that the president reviews and signs. If a hitch in the budget process keeps the proposed budget from being signed into law, Congress can choose to keep their agencies running at the current budget levels or it can initiate a government shutdown. This shutdown actually happened in 2013 and 2018.

Each president inherits many of his predecessors' policies. For example, every president suffered from lower revenue. That's a result of President Reagan's and President Bush's tax cuts. Presidents who raise taxes quickly become unpopular. As a result, tax cuts rarely disappear.

The Four Presidents with the Worst Deficits So Far
President Barack Obama had the largest deficits. By the end of his final budget, FY 2017, his deficits totaled $6.785 trillion. Obama took office during the Great Recession. He immediately needed to spend billions to stop it. He convinced Congress to add $253 billion from the economic stimulus package to Bush’s FY 2009 budget. The American Recovery and Reinvestment Act added another $534 billion over the rest of Obama’s terms.

Both Presidents Bush and Obama suffered from higher mandatory spending than their predecessors did. Social Security and Medicare benefits were eating up more of the budget. Health care costs were rising as the American population aged. In 2010, Obama signed the Patient Protection and Affordable Care Act. It sought to reduce health care spending. This reduction would lower the debt by $143 billion by 2020.

President George W. Bush is next, racking up $3.293 trillion over two terms. He responded to the 9/11 attacks with the War on Terror. That raised military spending to $600 billion a year. The Bush tax cuts, also known as the Economic Growth and Tax Relief Reconciliation Act and Jobs and Growth Tax Relief Reconciliation Act, cut taxes to address the 2001 recession. Unfortunately, the cuts did not sunset when the recession was over. That worsened the housing boom and depleted revenues during the 2008 recession.
He attacked the 2008 financial crisis with the $700 billion bailout. Congress added the bailout to the mandatory budget. There it became the Troubled Asset Relief Program.

President Ronald Reagan added $1.412 trillion in deficits, almost doubling the debt. He fought the 1982 recession by cutting the top income tax rate from 70 percent to 28 percent and the corporate rate from 48 percent to 34 percent. Reagan also increased government spending by 2.5 percent a year. That included a 35 percent increase in the defense budget and an expansion of Medicare.

President George H.W. Bush created a $1.03 trillion deficit in one term. He responded to Iraq's invasion of Kuwait with Desert Storm. He oversaw the $125 billion bailout that ended the 1989 Savings and Loan crisis. The 1991 recession cut into tax revenue.

President Donald Trump deserves special mention. According to his budget projections, he would add $6.2 trillion in deficits during his first term. That would put him at #2 on this list. It would also be a 31 percent increase, putting him in the top 10 by percent.

What Budget Deficits Hide
Each year's deficit adds to the debt. But the total amount a president adds to the debt each year is usually more than the deficit. All presidents can employ a sleight of hand to reduce the appearance of the deficit. They can borrow from federal retirement funds in off-budget t***sactions. For example, the Social Security Trust Fund has run a surplus since 1987.1 There were more working people contributing via payroll taxes than retired people withdrawing benefits. The Fund invests its surplus in U.S. Treasury notes. The president can reduce the deficit by spending these funds instead of issuing new Treasurys. That makes the deficit by year less than what's added to the debt by year.

For example, $8.588 trillion was added to the national debt under Obama. But his total budget deficits totaled $6.785 trillion. Similarly, President Bush's stated budget deficits totaled $3.294 trillion. But he added $5.849 trillion to the debt. Having said that, the president with the highest deficits are still the presidents who contributed the most to the debt. It's ironic that, as the debt has increased through the years, the value of presidents' salaries has decreased.

The chart below shows a breakdown of the top 10 U.S. presidents with the biggest debt increases.

List of Presidents' Budget Deficits by Fiscal Year
Although most other presidents ran deficits, none came close t

President Barack Obama: Total = $6.785 trillion, a 57 percent increase spending.
FY 2016 - $585 billion.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.
FY 2010 - $1.547 trillion. This is the sum of $1.294 trillion plus $253 billion from the Obama Stimulus Act that was attached to the FY 2009 budget.
FY 2009 - $1.16 trillion. This amount is calculated from $1.413 trillion minus $253 billion from Obama's Stimulus Act

The most expensive budget deficit spending are the Medicare and Social Security benefits. There are more retirees at present under the Trump administration compounded by the i*****l a***n costs.
============== br There are now 31 million i*****l... (show quote)





And trump will exceed wh**ever amount that occurred under the Obama administration, and that for 8 of the last 9 years, congress was dominated by republicans, who finally lost control in 2018. Before that, the repubs had 6 years under President Obama and first 2 years under trump

Facts are so disturbing to trumpcons who like to revise history to suit themselves

Reply
Dec 16, 2019 18:39:26   #
Radiance3
 
factnotfiction wrote:
And trump will exceed wh**ever amount that occurred under the Obama administration, and that for 8 of the last 9 years, congress was dominated by republicans, who finally lost control in 2018. Before that, the repubs had 6 years under President Obama and first 2 years under trump

Facts are so disturbing to trumpcons who like to revise history to suit themselves

===============
You lie in every word you say. Statistics of Obama's deficits have been in trillions. check the facts of his budget deficits annually. Are you dumb? I need to audit your brain. Don't fool me.

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Dec 16, 2019 18:40:34   #
JFlorio Loc: Seminole Florida
 
Radiance3 wrote:
===============
You lie in every word you say. Statistics of Obama's deficits have been in trillions. check the facts of his budget deficits annually. Are you dumb? I need to audit your brain. Don't fool me.


Don’t bother. Nothing to audit.

Reply
 
 
Dec 16, 2019 19:14:14   #
padremike Loc: Phenix City, Al
 
factnotfiction wrote:
And trump will exceed wh**ever amount that occurred under the Obama administration, and that for 8 of the last 9 years, congress was dominated by republicans, who finally lost control in 2018. Before that, the repubs had 6 years under President Obama and first 2 years under trump

Facts are so disturbing to trumpcons who like to revise history to suit themselves


You quoted no facts only opinions and they were dumb. Simple question: How was Obama and his mob able to pass Obamacare?

Reply
Dec 16, 2019 19:24:11   #
Liberty Tree
 
factnotfiction wrote:
And trump will exceed wh**ever amount that occurred under the Obama administration, and that for 8 of the last 9 years, congress was dominated by republicans, who finally lost control in 2018. Before that, the repubs had 6 years under President Obama and first 2 years under trump

Facts are so disturbing to trumpcons who like to revise history to suit themselves


Obama signed on to every budget so he is also responsible. That is a fact.

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Dec 16, 2019 19:26:39   #
factnotfiction
 
padremike wrote:
You quoted no facts only opinions and they were dumb. Simple question: How was Obama and his mob able to pass Obamacare?




Do some research as to when the Affordable Care Act was signed into law.

And repukes ran the HOR after it was already law, and they cried and whined from then until now

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Dec 16, 2019 19:47:43   #
Radiance3
 
factnotfiction wrote:
And trump will exceed wh**ever amount that occurred under the Obama administration, and that for 8 of the last 9 years, congress was dominated by republicans, who finally lost control in 2018. Before that, the repubs had 6 years under President Obama and first 2 years under trump

Facts are so disturbing to trumpcons who like to revise history to suit themselves

===============
None of your statements are credible. Typical lies similar to all liberal brains.

Congress does not do the spending for those departments. They appropriate budget for spending after the budget submitted is approved. Therefore, Obama expended most of the appropriated budget and over expended more. Thus the huge amount of deficit was incurred. Per record, Obama has the highest household expenditures for e.g. food stampers of 46 million households. That is only one of them, but there are many.

What did he do with the $863 billion for NAFTA.
https://www.google.com/search?rlz=1C1MKDC_enUS772US772&q=Obama+was+provided+with+the+863+billion+dollars+for+the+nafta&tbm=isch&source=univ&sa=X&ved=2ahUKEwjP-Pvht7vmAhUbCTQIHT7fDzsQsAR6BAgIEAE

Obama was provided $831 billion for Reinvestment Recovery Act.
The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009.

How did he spend and prioritized the expenditures? Cash for clunkers, Solyndra $ 500 million. Egypt $1.3 billion, Hamas $900 million. Building and rebuilding mosques all over the world. Final Hamas giving of $250 million before he left in 2016. Obama gave Iran in cash of $1.83 billion. Obama gave Iran for $150 billion for Iran to build nuclear weapons.

**These were factsnotfiction!, dig them up...!

Reply
 
 
Dec 16, 2019 19:51:47   #
Radiance3
 
JFlorio wrote:
Don’t bother. Nothing to audit.


===============
??????

Reply
Dec 16, 2019 19:58:35   #
JFlorio Loc: Seminole Florida
 
Radiance3 wrote:
===============
??????


No brain of his to audit.

Reply
Dec 16, 2019 20:07:18   #
teabag09
 
factnotfiction wrote:
Of course, if he told the t***h about how lousy he is doing, even his supporters would run away, screaming about what the hell did they do by putting this economic dunce in office.

And all of you cons who are constantly whining and crying about the national debt that doubled during the Obama presidency should be just thrilled that trump will exceed that if he somehow manages to get re-elected, (with help from his puppet master pooty, of course)

And this data is from your unimpeachable source, fox business


https://www.foxbusiness.com/markets/us-deficit-soars-by-342-billion-in-first-2-months-of-fiscal-year
Of course, if he told the t***h about how lousy he... (show quote)


Man, you really should quit taking what ever it is you are and seek help. You are a very sick person if you believe your statements. Mike

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Dec 16, 2019 20:45:27   #
bggamers Loc: georgia
 
factnotfiction wrote:
Of course, if he told the t***h about how lousy he is doing, even his supporters would run away, screaming about what the hell did they do by putting this economic dunce in office.

And all of you cons who are constantly whining and crying about the national debt that doubled during the Obama presidency should be just thrilled that trump will exceed that if he somehow manages to get re-elected, (with help from his puppet master pooty, of course)

And this data is from your unimpeachable source, fox business


https://www.foxbusiness.com/markets/us-deficit-soars-by-342-billion-in-first-2-months-of-fiscal-year
Of course, if he told the t***h about how lousy he... (show quote)


How bout you get congress to stop playing king of the hill and do their JOB the bills sit on their desk getting ready to expire and they don't give a damn the only reason Pelosi signed ONE was the Mexican president begged her to how damn humiliating for this country to have a bunch of do-nothing asses getting paid to do treasonous activities.

Reply
 
 
Dec 16, 2019 22:33:12   #
DASHY
 
JFlorio wrote:
Should have known you’d use projections not what’s actually happened. Not surprised you were once another worthless bureaucrat.


It's not my projections. It's the CBO's projections. When revenue expectations are high based on available information, spending projections tend to rise to meet them. When actual collections are lower than anticipated and actual spending remains high, the result is a budget deficit. I'm not a bureaucrat, I'm a CPA. This is simple stuff.

Reply
Dec 16, 2019 22:37:52   #
JFlorio Loc: Seminole Florida
 
DASHY wrote:
It's not my projections. It's the CBO's projections. When revenue expectations are high based on available information, spending projections tend to rise to meet them. When actual collections are lower than anticipated and actual spending remains high, the result is a budget deficit. I'm not a bureaucrat, I'm a CPA. This is simple stuff.


Yes it is. So you know we weren’t talking about projections but what has happened thus far when I stated we have collected more revenue. I said nothing about spending or budgeting. If you are a CPA as you state then you know that budgets estimates by the CBO unfortunately aren’t usually worth the paper they are printed on. The biggest problem we face is not a revenue problem but a spending problem. Agree? I was against the tax cuts because I wanted to see them offset by spending cuts. Instead we get just the opposite.

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Dec 17, 2019 05:44:23   #
Tug484
 
Liberty Tree wrote:
Nothing computes with them. They just repeat what has been programmed into them by their handlers.


They remind me of the Stepford Wives.

Reply
Dec 17, 2019 07:06:06   #
waltmoreno
 
factnotfiction wrote:
Of course, if he told the t***h about how lousy he is doing, even his supporters would run away, screaming about what the hell did they do by putting this economic dunce in office.

And all of you cons who are constantly whining and crying about the national debt that doubled during the Obama presidency should be just thrilled that trump will exceed that if he somehow manages to get re-elected, (with help from his puppet master pooty, of course)

And this data is from your unimpeachable source, fox business


https://www.foxbusiness.com/markets/us-deficit-soars-by-342-billion-in-first-2-months-of-fiscal-year
Of course, if he told the t***h about how lousy he... (show quote)


Ya mite wanna take a gander at what just happened at our ancestral homeland, less than a week ago before wondering whether Trump will be elected. Conservative Boris Johnson, a Trump look alike who shares Trump’s philosophy, ran against radical Jeremy Corbyn in England. Corbyn’s platform included the same talking points as many of our radical Democrats including unfettered borders, freebies for all, identity politics, grievance and victimhood status for minorities, a g*******t agenda and all the other planks of radical candidates. To be completely charitable about it, Corbyn was demolished, annihilated, mauled, destroyed, and exiled to irreverence, likely never to be heard from again. It was Labor party’s worst showing since the 1930s. To say they were shell shocked is an understatement. Brits v**ed overwhelming for national sovereignty, an end to unfettered immigration, and the rule of law and order. If you don’t think that’s a harbinger of what’s gonna happen here in Nov 2020, then I’ve got a great deal on London Bridge that I’ll sell you for a price you can’t refuse.

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