Reply
Highlighted
Honored Social Butterfly
0
Kudos
460
Views

460 Views
Message 1 of 13

Here's the big difference. Republicans spent years claiming one of their campaign's key components was reducing the nation's debt. What do they do once they're in office and control everything? They pass an irresponsible bill which will increase our debt by an incredible $2 Trillion.

Report Inappropriate Content
0
Kudos
460
Views
Highlighted
Esteemed Social Butterfly
0
Kudos
473
Views

473 Views
Message 2 of 13

@ChasKy53wrote:

@Centristsin2010wrote:

@NOTHAPPENINGwrote:

@CriticalThinkingwrote:

It is fascinating to see how Republicans, who issued non-stop complaints about the growing deficit under President Obama, act when they control the Presidency and Congress. They suddenly completely ignore their own excellent warnings on the danger posed to our country by the growing national deficit. They deserve a place in hell for their royal hypocrisy.


You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


"You must note" the percentage INCREASE per President is far more relevant than the dollar amount....but you won't.....

 

Donald Trump (as projected in FY 2019 budget): Plans to add $8.282 trillion, a 41 percent increase from the $20.245 trillion debt at the end of Obama's last budget, FY 2017. If he spends as he hopes, Trump will add the second-highest dollar amount in history. More important, he will add almost as much in his first term as Obama did in two terms.

  • FY 2021 - $1.119 trillion.
  • FY 2020 - $1,198 trillion.
  • FY 2019 - $1.225 trillion.
  • FY 2018 - $1.233 trillion.

Barack Obama: Added $8.588 trillion, a 74 percent increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

  • FY 2017 - $672 billion.
  • FY 2016 - $1.423 trillion.
  • FY 2015 - $327 billion.
  • FY 2014 - $1.086 trillion. 
  • FY 2013 - $672 billion.
  • FY 2012 - $1.276 trillion.
  • FY 2011 - $1.229 trillion.
  • FY 2010 - $1.652 trillion.
  • FY 2009 - $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama's contribution to the debt.)

George W. Bush: Added $5.849 trillion, a 101 percent increase from the $5.8 trillion debt at the end of Clinton's last budget, FY 2001.

  • FY 2009 - $1.632 trillion. (Bush's deficit without the impact of the Economic Stimulus Act).
  • FY 2008 - $1.017 trillion.
  • FY 2007 - $501 billion.
  • FY 2006 - $574 billion.
  • FY 2005 - $554 billion.
  • FY 2004 - $596 billion.
  • FY 2003 - $555 billion.
  • FY 2002 - $421 billion.

Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

  • FY 2001 - $133 billion.
  • FY 2000 - $18 billion.
  • FY 1999 - $130 billion.
  • FY 1998 - $113 billion.
  • FY 1997 - $188 billion.
  • FY 1996 - $251 billion.
  • FY 1995 - $281 billion.
  • FY 1994 - $281 billion.

George H.W. Bush: Added $1.554 trillion, a 54 percent increase from the $2.8 trillion debt at the end of Reagan's last budget, FY 1989.

  • FY 1993 - $347 billion.
  • FY 1992 - $399 billion.
  • FY 1991 - $432 billion.
  • FY 1990 - $376 billion.

Ronald Reagan: Added $1.86 trillion, a 186 percent increase from the $998 billion debt at the end of Carter's last budget, FY 1981. Reaganomics didn't work to grow the economy enough to offset tax cuts.

  • FY 1989 - $255 billion.
  • FY 1988 - $252 billion.
  • FY 1987 - $225 billion.
  • FY 1986 - $297 billion.
  • FY 1985 - $256 billion.
  • FY 1984 - $195 billion.
  • FY 1983 - $235 billion.
  • FY 1982 - $144 billion.

U.S. Debt by President


Good posting Cent, history always debunks the claims of the Right about national debt and who is responsible for it.


I don't think that is true. Fiscal conservatives complain about the national debt irrespective of who is in office.

 

Democracies from Tokyo to Washington, D.C., all face the same intractable problem: Elected representatives who simply cannot say "no" to runaway spending or the special interests who demand it.

 

Every discussion of this sort should start off not with a partisan rant - since there is plenty of blame to spread on both sides of the aisle - but with a dispassionate look at the numbers.

 

Ultimately, the math will win.

Report Inappropriate Content
0
Kudos
473
Views
Highlighted
Honored Social Butterfly
0
Kudos
508
Views

508 Views
Message 3 of 13

@Centristsin2010wrote:

@NOTHAPPENINGwrote:

@CriticalThinkingwrote:

It is fascinating to see how Republicans, who issued non-stop complaints about the growing deficit under President Obama, act when they control the Presidency and Congress. They suddenly completely ignore their own excellent warnings on the danger posed to our country by the growing national deficit. They deserve a place in hell for their royal hypocrisy.


You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


"You must note" the percentage INCREASE per President is far more relevant than the dollar amount....but you won't.....

 

Donald Trump (as projected in FY 2019 budget): Plans to add $8.282 trillion, a 41 percent increase from the $20.245 trillion debt at the end of Obama's last budget, FY 2017. If he spends as he hopes, Trump will add the second-highest dollar amount in history. More important, he will add almost as much in his first term as Obama did in two terms.

  • FY 2021 - $1.119 trillion.
  • FY 2020 - $1,198 trillion.
  • FY 2019 - $1.225 trillion.
  • FY 2018 - $1.233 trillion.

Barack Obama: Added $8.588 trillion, a 74 percent increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

  • FY 2017 - $672 billion.
  • FY 2016 - $1.423 trillion.
  • FY 2015 - $327 billion.
  • FY 2014 - $1.086 trillion. 
  • FY 2013 - $672 billion.
  • FY 2012 - $1.276 trillion.
  • FY 2011 - $1.229 trillion.
  • FY 2010 - $1.652 trillion.
  • FY 2009 - $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama's contribution to the debt.)

George W. Bush: Added $5.849 trillion, a 101 percent increase from the $5.8 trillion debt at the end of Clinton's last budget, FY 2001.

  • FY 2009 - $1.632 trillion. (Bush's deficit without the impact of the Economic Stimulus Act).
  • FY 2008 - $1.017 trillion.
  • FY 2007 - $501 billion.
  • FY 2006 - $574 billion.
  • FY 2005 - $554 billion.
  • FY 2004 - $596 billion.
  • FY 2003 - $555 billion.
  • FY 2002 - $421 billion.

Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

  • FY 2001 - $133 billion.
  • FY 2000 - $18 billion.
  • FY 1999 - $130 billion.
  • FY 1998 - $113 billion.
  • FY 1997 - $188 billion.
  • FY 1996 - $251 billion.
  • FY 1995 - $281 billion.
  • FY 1994 - $281 billion.

George H.W. Bush: Added $1.554 trillion, a 54 percent increase from the $2.8 trillion debt at the end of Reagan's last budget, FY 1989.

  • FY 1993 - $347 billion.
  • FY 1992 - $399 billion.
  • FY 1991 - $432 billion.
  • FY 1990 - $376 billion.

Ronald Reagan: Added $1.86 trillion, a 186 percent increase from the $998 billion debt at the end of Carter's last budget, FY 1981. Reaganomics didn't work to grow the economy enough to offset tax cuts.

  • FY 1989 - $255 billion.
  • FY 1988 - $252 billion.
  • FY 1987 - $225 billion.
  • FY 1986 - $297 billion.
  • FY 1985 - $256 billion.
  • FY 1984 - $195 billion.
  • FY 1983 - $235 billion.
  • FY 1982 - $144 billion.

U.S. Debt by President


Good posting Cent, history always debunks the claims of the Right about national debt and who is responsible for it.


Man learns from history that man learns nothing from history.
Report Inappropriate Content
0
Kudos
508
Views
Highlighted
Honored Social Butterfly
1
Kudos
509
Views

509 Views
Message 4 of 13

@NOTHAPPENINGwrote:

@CriticalThinkingwrote:

It is fascinating to see how Republicans, who issued non-stop complaints about the growing deficit under President Obama, act when they control the Presidency and Congress. They suddenly completely ignore their own excellent warnings on the danger posed to our country by the growing national deficit. They deserve a place in hell for their royal hypocrisy.


You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


"You must note" the percentage INCREASE per President is far more relevant than the dollar amount....but you won't.....

 

Donald Trump (as projected in FY 2019 budget): Plans to add $8.282 trillion, a 41 percent increase from the $20.245 trillion debt at the end of Obama's last budget, FY 2017. If he spends as he hopes, Trump will add the second-highest dollar amount in history. More important, he will add almost as much in his first term as Obama did in two terms.

  • FY 2021 - $1.119 trillion.
  • FY 2020 - $1,198 trillion.
  • FY 2019 - $1.225 trillion.
  • FY 2018 - $1.233 trillion.

Barack Obama: Added $8.588 trillion, a 74 percent increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

  • FY 2017 - $672 billion.
  • FY 2016 - $1.423 trillion.
  • FY 2015 - $327 billion.
  • FY 2014 - $1.086 trillion. 
  • FY 2013 - $672 billion.
  • FY 2012 - $1.276 trillion.
  • FY 2011 - $1.229 trillion.
  • FY 2010 - $1.652 trillion.
  • FY 2009 - $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama's contribution to the debt.)

George W. Bush: Added $5.849 trillion, a 101 percent increase from the $5.8 trillion debt at the end of Clinton's last budget, FY 2001.

  • FY 2009 - $1.632 trillion. (Bush's deficit without the impact of the Economic Stimulus Act).
  • FY 2008 - $1.017 trillion.
  • FY 2007 - $501 billion.
  • FY 2006 - $574 billion.
  • FY 2005 - $554 billion.
  • FY 2004 - $596 billion.
  • FY 2003 - $555 billion.
  • FY 2002 - $421 billion.

Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

  • FY 2001 - $133 billion.
  • FY 2000 - $18 billion.
  • FY 1999 - $130 billion.
  • FY 1998 - $113 billion.
  • FY 1997 - $188 billion.
  • FY 1996 - $251 billion.
  • FY 1995 - $281 billion.
  • FY 1994 - $281 billion.

George H.W. Bush: Added $1.554 trillion, a 54 percent increase from the $2.8 trillion debt at the end of Reagan's last budget, FY 1989.

  • FY 1993 - $347 billion.
  • FY 1992 - $399 billion.
  • FY 1991 - $432 billion.
  • FY 1990 - $376 billion.

Ronald Reagan: Added $1.86 trillion, a 186 percent increase from the $998 billion debt at the end of Carter's last budget, FY 1981. Reaganomics didn't work to grow the economy enough to offset tax cuts.

  • FY 1989 - $255 billion.
  • FY 1988 - $252 billion.
  • FY 1987 - $225 billion.
  • FY 1986 - $297 billion.
  • FY 1985 - $256 billion.
  • FY 1984 - $195 billion.
  • FY 1983 - $235 billion.
  • FY 1982 - $144 billion.

U.S. Debt by President


"FAKE 45 #illegitimate" read a sign at the Woman's March in DC, 1/27/2017
Report Inappropriate Content
1
Kudos
509
Views
Highlighted
Honored Social Butterfly
1
Kudos
563
Views

563 Views
Message 5 of 13

@NOTHAPPENINGwrote:

@Richvawrote:

@NOTHAPPENINGwrote:

You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


And when he took office, the economy was in the Bush induced free fall. Eight years later he had stopped the hemorrhaging and got our economy back on track.  When Clinton took office, he inherited a budget disaster and left with a balanced budget and no debt. Eight years late, Bush turned it into a test for the survival of the free market system. Republicans just do not understand economics. 


Yada, yada, yada. Obama owns the debt when he served as Trump will own the debt when he served. According to the left, Trump should blame his $1 trillion dollar addition to the debt on Obama. Dems don't understand economics at all.


Obama's debt was caused by spending to pay the interest of Bush's debt, the cost of taking care of returning soldiers from the Bush wars, and a completely crashed economy. Trump's debt is from excessive vacations and tax cuts for the wealthiest 1%. Cons don't understand economics at all.


Man learns from history that man learns nothing from history.
Report Inappropriate Content
1
Kudos
563
Views
Highlighted
Honored Social Butterfly
1
Kudos
567
Views

567 Views
Message 6 of 13

@NOTHAPPENINGwrote:

@Richvawrote:

@NOTHAPPENINGwrote:

You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


And when he took office, the economy was in the Bush induced free fall. Eight years later he had stopped the hemorrhaging and got our economy back on track.  When Clinton took office, he inherited a budget disaster and left with a balanced budget and no debt. Eight years late, Bush turned it into a test for the survival of the free market system. Republicans just do not understand economics. 


Yada, yada, yada. Obama owns the debt when he served as Trump will own the debt when he served. According to the left, Trump should blame his $1 trillion dollar addition to the debt on Obama. Dems don't understand economics at all.



@NOTHAPPENINGwrote:

@Richvawrote:

@NOTHAPPENINGwrote:

You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


And when he took office, the economy was in the Bush induced free fall. Eight years later he had stopped the hemorrhaging and got our economy back on track.  When Clinton took office, he inherited a budget disaster and left with a balanced budget and no debt. Eight years late, Bush turned it into a test for the survival of the free market system. Republicans just do not understand economics. 


Yada, yada, yada. Obama owns the debt when he served as Trump will own the debt when he served. According to the left, Trump should blame his $1 trillion dollar addition to the debt on Obama. Dems don't understand economics at all.


Here you see why Trump was elected. The followers of Trump have not a clue about debt just as they do not have a clue about anything except what their leaders tell them to do. Economics is an unknown subject to the followers. There have been posts in here explaining that the debt will go up or down based on what a President does, but you have to look at the full economic and non economic areas to understand the subject. One quick rule. You spend when you have a recession, and you save when you do not. The debt always lags what is taking place in the economy. Bush had a recession start under him, and he started to spend. The problem was passed over to Obama who kept spending until the recession ended under him. He had to spend more to get the problem solved. The economy started to grow again, and kept that up to present. What Trump has done will start to  show up in the next year or so. His Tax law has shown the first signs. The Treasury is running out of money and need the debt ceiling raised sooner due to the new tax law. The debt is increasing starting this year due to Trump.

Report Inappropriate Content
1
Kudos
567
Views
Highlighted
Honored Social Butterfly
2
Kudos
583
Views

583 Views
Message 7 of 13

As usual, when it comes to his hero in the White House, Not Happening is completely missing the point. Nobody's denying the huge increase of the national debt while Obama was President. Yes, the first few years were recovering from the worst financial crisis of our lifetime, but the numbers are the numbers. 

 

Here's the point Not Happening keeps missing. During Obama's tenure as President, the Republicans couldn't stop complaining about the rising national debt and how dangerous it was to our future. Well guess what? They were right. 

 

But now that Trump's President, those very same Republicans are becoming the biggest hypocrites in politics. They control both houses and the Presidency, yet they are allowing the deficit to keep increasing significantly. What happened to those so called deficit hawks? If the national debt is so dangerous to our future, why don't they do something about it? They are big time hypocrites!

Report Inappropriate Content
2
Kudos
583
Views
Highlighted
Honored Social Butterfly
0
Kudos
591
Views

591 Views
Message 8 of 13

@Richvawrote:

@NOTHAPPENINGwrote:

You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


And when he took office, the economy was in the Bush induced free fall. Eight years later he had stopped the hemorrhaging and got our economy back on track.  When Clinton took office, he inherited a budget disaster and left with a balanced budget and no debt. Eight years late, Bush turned it into a test for the survival of the free market system. Republicans just do not understand economics. 


Yada, yada, yada. Obama owns the debt when he served as Trump will own the debt when he served. According to the left, Trump should blame his $1 trillion dollar addition to the debt on Obama. Dems don't understand economics at all.

Report Inappropriate Content
0
Kudos
591
Views
Highlighted
Honored Social Butterfly
3
Kudos
597
Views

597 Views
Message 9 of 13

@NOTHAPPENINGwrote:

You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.


And when he took office, the economy was in the Bush induced free fall. Eight years later he had stopped the hemorrhaging and got our economy back on track.  When Clinton took office, he inherited a budget disaster and left with a balanced budget and no debt. Eight years late, Bush turned it into a test for the survival of the free market system. Republicans just do not understand economics. 

Report Inappropriate Content
3
Kudos
597
Views
Highlighted
Honored Social Butterfly
0
Kudos
602
Views

602 Views
Message 10 of 13

@CriticalThinkingwrote:

It is fascinating to see how Republicans, who issued non-stop complaints about the growing deficit under President Obama, act when they control the Presidency and Congress. They suddenly completely ignore their own excellent warnings on the danger posed to our country by the growing national deficit. They deserve a place in hell for their royal hypocrisy.


You must note that when Obama took office, the debt stood at $10 trillion dollars and when he left (8 years later) the debt was 100% more at $20 trillion dollars adding $1.25 trillion each year. Lets see if Trump doubles the debt again tying Obama's record after 8 years.

Report Inappropriate Content
0
Kudos
602
Views
cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
Users
Announcements

September is Emergency Preparedness month.

Do you have an emergency plan in place?

Share or ask questions today.

Emergency preparedness kit