Feb Budget Deficit Largest on Record

No, you fumbled the numbers and confused yourself. You cannot dodge the GOP responsibility in Congress from 1994 to 2006 in their complicitness in creating the Great Recession. Many also of the GOP voted for the big budgets to try to fix their errors.

 

No we did not wallow as you say.

 

No, you forget many anti Obama kept complaining abaout the auto bailout which was necessary, and in case you forgot, those first few years was all about the most stupidest and ridiculous conspiracies about the birth certificate, guns, new world order and what ever other stupid thing the Tes Party thought about.

 

Make that 6 now. BTW, please don't keep repeating the same post, time after time, I will lose my patience and put you on ignore.

 

I would suggest the opposite is true, Jake. The only way the Democrats can WIN in 2020 is by pandering, mostly to Millennials and Gen Z'er's, with loads of 'free stuff', subsidies, and other handout welfare so that they won't have to work, or work very much or very hard for very long. What other appeal can Socialism possibly have except to promise some bunch of parasites a "something for nothing" existence, forever dependent on a 'beneficent' government...?

Do you ever think about any of these things, Jake...?

 

The auto bailout was not necessary and cost the taxpayers hundreds of billions and screwed over the bond holders and other debt holders and as we see did not turn the company around, Obama playing boy-industrialist along with his other failures to run companies from the WH. The fact is the job loss rate bottom out the month he moved to the WH and the recession ended before any of his stimulus. We would have been better off had he done NOTHING.

 

Yes we most certainly did barely holding our heads above water in the worst recovery in modern history and historically the worse the recession the stronger and longer the recovery. He even was forced to admit his shovel ready jobs weren't so "ready".

 

I was particularly amused by the hyperinflation "buy gold" crowd who bought gold and missed one of the biggest Bull markets in history.

 

Actually it did better than neighboring states.

 

All told, the Treasury Department reported that the program cost taxpayers $79.7 billion, of which $70.4 billion was recovered. Under that estimate, the program lost about $9.3 billion. In April, the Congressional Budget Office estimated that the program would end up costing about $14 billion.
https://www.politifact.com/truth-o-...says-automakers-have-paid-back-all-loans-it-/

 

Obama's biggest failure was not getting control of spending. Unfortunately, it is both the Republicans and Democrats who have discovered that you can improve economic numbers if you just borrow the money. So great, Trump hits 2.9% GDP ... and manufactures $2 trillion in "fake" money to do it. Bush policies required a 101% increase in the debt to power the economy. Reagan required a 180% increase in the debt to power his economy.

This isn't just a Republican or Democrat problem ... it's a Venezuelan style money grab by both.

 

But not better than than the Communist states of California, Oregon and Washington.

 

Get out of here with actual numbers ... can't you see you're interrupting ... and he was so close.

 

Amazing how you guys whined about the deficit when Pres. Obama was in office, now it really doesn't matter.

 

"While the state budget shortfall has made news, there is strong evidence that most of the shortfall can be traced to federal tax policy changes and not state changes – though Josh Barro writing at The New York Times disagrees. CBO data, that I have detailed here, points to a shift in capital gains filings out of 2013 and into the end of 2012 to avoid President Obama’s “Fiscal Cliff” which resulted in an increase in the federal capital gains tax. This left many states – from California to Connecticut – with shortfalls and downward revisions in revenue projections this past tax year. Long story short, other states who have not enacted tax reforms like Kansas are also struggling with the accuracy of their revenue projections this year."
https://www.atr.org/kansas-tax-cuts-are-working

 

Oh excuse me tens of billions and your not counting the losses on all the stock Obama bought.

 

You realize that Kansas abandoned almost all the original tax cut legislation that passed, right?

 

They made wrongheaded adjustments but are still lower than most.

 

Really?

What’s your rationale?

 

The spending levels we see versus 10 years ago and our record revenues these past few years.

 

And what were Trump’s revenue growth rates these past few years?

 

I don't know if the final numbers have been posted over the previous estimates. That being said.

Well he's only had the one budget but it is a Republican congress budget as will be the next one. He's made his suggestions and request, the rest is up to the Congress. Once they produce a budget then Trump will get back involved. But guess what, the Democrats will not allow a budget to move forward, just watch. They'd rather force a government shutdown and blame it on Republicans.

Tell me why I should believe Pelosi and the House Democrats will cut the growth of spending or any of the announced presidential candidates.

 

Once again, what we’re Trump’s revenue growth rates these past few years, thus;

a. Feb 2016 - Jan 2017 (Obama’s cumulative receipts

b. Feb 2017 - Jan 2018 (Trump’s cumulative receipts/revenue growth rate?

c. Feb 2018 - Jan 2019 (Trump’s cumulative receipts/revenue growth rate?

 

There is no doubt that both parties spend like drunken sailors. The GOP pretends to be the party of small government but they never act on it. Another thing that needs to be taken into consideration with the Obama economy is the artificial maintenance of the near zero interest rate that lowered the dollars value more than it would otherwise.

 

Why do you believe only who is President is what matters?