US budget deficit edges higher in October.

except those are two policies that have nothing to do with each other. You can give people a free check, you can cut a govt program, you can do either, neither, or both. So your logic doesn't work. One has nothing to do with the other.

 

They can't accomplish anything with old veto stamp in the White House. If the debt eclipses $20 trillion, Obama and the Democrat will have added $8 to $9 trillion of that debt to the American people.

If you're wondering why the deficit doesn't match the unemployment, it's because the rosy hocus pocus they been playing with the numbers and how they count the unemployed. If you look at the real unemployment numbers the U-6 unemployment is 9.9%.

U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

 

Any politician who stops the now very incredible yakking about tax cuts, spending cuts, and debt will be a far more credible politician. Too many people just don't believe any of that anymore.

A politician that proposes diverting the existing revenue stream away from the government class to the voting public will win elections - if the cuts and green checks are big enough.

But you did not answer my question.

 

there's no such thing as diverting funds. that's not how the govt works.

 

Government does exactly what elected politicians in power want it to do.

That is how govt works.

 

BUUUUUUUSSSSSSSSSHHHHHH!!!!!!!

Oh, wait! Bush is not president anymore. In fact, Bush hasn't been President FOR OVER SIX FRICKING PLUS YEARS!!!!!!

 

Whoever is elected President in 2016 will continue to raise the National Debt.

 

Bush invented the Bush Economic Black Hole which has been torturing Americans for 14 years.

The Bush Economic Black Hole has caused more harm to USA than Al Qaeda and ISIS combined.

 

You lefties continue to make crap up from thin air.

 

Under Bush/Republican policies we had 52 months of full employment with high labor participation rates, rising incomes, soaring tax revenues and a deficit of a paltry $161B.

So how did the Democrats including Obama after they took over in 2007?

 

How hard is for you to recognize that the US government is broke already?

Since last six administrations the congress has not made other thing but "raising the borrow limit" in order to keep the US government working.

Can't you see it?

Any person asking for more and more borrowing money and credit from banks is in bankruptcy already, it's just to wait for his imminent falling.

The same is with any government. Chicago city went into bankruptcy, Puerto Rico went into bankruptcy, because they can't borrow anymore.

If you are "proud" of living in a country that owes money to everybody in order to has the government running, well... vote for Hillary Clinton... Lol

 

We are $18.5 trillion in debt. If that's not high, I don't know what is.

No it hasn't.

 

You are solidifying the fact that Democracy has failed.

Democracy was supposed not only to provide liberty, equality and other ideals and way of life, but also a secured economical system for Americans.

The American Experiment is showing at last that Democracy and its reforms are not working.

Former empires enjoyed greater wealthy that ours, they weren't democratic governments and also failed because a common denominator: corruption.

And corruption is what politics has become in the US. It is not ISIS... it was not Russia... the real enemy has always been the politician you have voted for, he is the one who sold America for "favors" and personal power...

I can tell you that politicians will cover up their corruption by sending the US into a great war. There is no way for the US to pay the debt. They will save their *ss and you will lose your children in combat.

 

Bush is the president that started deficits again after Clinton had been running budget surpluses. Then came the Bush Economic Black Hole which has grabbed USA economy by the throat while the GOP blathers inane nonsense helplessly and ceaselessly.

 

That is neither an argument or a fact. The GOP is intellectually, morally and spiritually bankrupt. The Bush Economic Black Hole is a reflection of GOP's lack of initiative and policy bankruptcy after having majority in congress for all of Obama's term.

 

That is only because of the housing bubble they created.

 

The GOP having control of congress for Bill Clinton's last six years of his eight year Presidency produced a surplus.

The Democrats having control of Bush's last two years of his eight year Presidency produced a $1.4 trillion deficit.

The Republicans having control of the house of representatives for the past five years have decreased the deficit from about $1.4 trillion down to under $500 billion.

Those are the facts.

Thanks Republicans for always fixing the left's mistakes.

 

you don't look at the debt. what matters is the debt to GDP ratio. Current debt to GDP ratio is 100%. It was 120% in the 40's, during a time of economic prosperity. The sky didnt fall back then. It's not going to fall now.

 

perhaps in an idealized imaginary government you have concocted in your mind, but not as a practical matter.
we have laws, we have a political structure, we have political realities. that's why we do things in the real world - not the imaginary world.

 

I don't care about the debt-to-GDP ratio. The fact is that we are $18.5 trillion in debt, and that is not good.

In 1950, we were $250 billion in debt. That is the equivalent of $2.5 trillion in today's money.

 

if debt doesn't matter, remind me of that when we finally reach 1 trillion annually in interest only payments... we'll be there in a couple more years... unless interest rates rise, then we could be there and exceed that in a couple months of interest rate hikes... at which point we will collapse since we won't be able to pay it, or we will pay it by raising taxes, which will ripple through the economy and cause it to slow down and collapse again... either way we end up in the same boat, its just a matter of preference over what type of oar you like to row with in a sinking boat... thats kind of a trick statement, it won't matter what type of oar you prefer, the boat is sinking...

P.S. can you think of anything else, we could spend 1 trillion on annually, aside from interest payments to banks and countries? I could think of a few...

 

You are a denier of truth and facts. This chart tells it truthfully demonstrating that a Reagan and 2 Bushes caused the debt problems of today.

 

it's actually not. The $1 trillion number is super scary and is used as a scare tactic, cause people see a big number don't know what that means. But the US economy is $17 trillion dollars, so 1 trillion in debt is only $6 percent, which isn't all that much.

That's why you have to look at the ratio of debt to GDP. That's what matters. Your $1 trillion figure is meaningless (other than a scare tactic used by politicians, which clearly you fell for, hook line and sinker).

 

that's great. but in 1950, our economy was less than $2 trillion. Today, our economy is $17 trillion . We have a bigger economy so it's ok to have larger debt. That's what the politicians don't tell you. Our annual interest payment is around $1 trillion. That's 6% so it isn't so bad. Calm down.

 

Yes, yes, those are "facts" but totally bereft of context meaning that the only reason for stating them is to mislead the reader. Obama took over an economy in free fall, hemorrhaging hundreds of thousands of jobs per month. From day one in office, Republicans pledged to do everything in their power to make him a one-term president to doing their best to deny him and Dems any major accomplishments, which they pretty much did, including delaying/retarding our economic recovery. And THOSE are the rest of the facts.

Republicans have still not learned right up until today that there is no such thing as a free lunch, yet they cannot be swayed from that belief. They also believe that any reasonable tax increase to pay for what they damn well know is needed and necessary will never pass on their watch. So, they keep spending money we don't have, refuse to pay for new programs, and somehow expect magic to happen. It hasn't worked before; it isn't working now; it won't work in the future.