American job openings outnumber the jobless, first time ever recorded

[Jim in CT]

Originally Posted by zimmy

You forgot to mention the federal debt

Perfect example of the hypocrisy on both sides.

Obama added more to the debt than anyone before. Conservatives said it was terrible, liberals were not concerned.

Trump is now adding to the debt, and the roles are reversed. Conservatives say it's nothing to worry about, liberals now worry about deficits.

Here's the difference...Trump is putting money in the pockets of huge numbers of Americans. Obama never came close to doing that.

[spence]

Originally Posted by Jim in CT

Obama added more to the debt than anyone before. Conservatives said it was terrible, liberals were not concerned.

Most of that was inherited from Bush and some the result of Obama tax cuts. Obama did a good job of reducing the deficit and as a percentage of debt increase was better than Bush 43 or Reagan.

Here's the difference...Trump is putting money in the pockets of huge numbers of Americans. Obama never came close to doing that.

You keep saying that but is it true? Impact of the tax cuts to average workers is pretty small and has to be offset with increases in household spending from health care, inflation etc...

[Jim in CT]

Originally Posted by spence

Most of that was inherited from Bush and some the result of Obama tax cuts. Obama did a good job of reducing the deficit and as a percentage of debt increase was better than Bush 43 or Reagan.


You keep saying that but is it true? Impact of the tax cuts to average workers is pretty small and has to be offset with increases in household spending from health care, inflation etc...

"Most of that was inherited from Bush and the democrat-controlled Congress, which writes the laws and crafts the budgets"

fixed it for you.

"and some the result of Obama tax cuts"

What tax cuts were those? How about Obamacare and the stimulus package?

"Obama did a good job of reducing the deficit and as a percentage of debt increase "

He had the highest deficits ever. He gets credit for the biggest deficits being his earliest years? Is the debt any different if his biggest deficit is in his first year or his last year?

"Impact of the tax cuts to average workers is pretty small"

True, but it's larger than the $0 tax cut we got under Obama.

[spence]

Originally Posted by Jim in CT

"Most of that was inherited from Bush and the democrat-controlled Congress, which writes the laws and crafts the budgets"

fixed it for you.

There you go again rewriting my post.

Republicans held the House, Senate and the Presidency for most of the years leading into the recession. By the time the Dems took the house at the end of Bush's second term the lot had been cast. It wasn't Dem spending it was a lack of revenue from the Bush recession that spiked the deficit which Obama inherited.

What tax cuts were those? How about Obamacare and the stimulus package?

You weren't paying attention?

http://www.politifact.com/truth-o-me...e-class-famil/

By some measures they say Obama's tax cuts could be bigger than Trump's.

[QUOTE]He had the highest deficits ever. He gets credit for the biggest deficits being his earliest years? Is the debt any different if his biggest deficit is in his first year or his last year?
The reason the fiscal year is offset from the election year is to give the incoming president time to make adjustments from their predecessor. The first year of your term, heck maybe even the second are pretty much fixed as to ability to influence the deficit.

So yes, there's a huge difference between the first and last years.

True, but it's larger than the $0 tax cut we got under Obama.

See above.

[Jim in CT]

[QUOTE=spence;1144374]There you go again rewriting my post.

Republicans held the House, Senate and the Presidency for most of the years leading into the recession. By the time the Dems took the house at the end of Bush's second term the lot had been cast. It wasn't Dem spending it was a lack of revenue from the Bush recession that spiked the deficit which Obama inherited.


You weren't paying attention?

http://www.politifact.com/truth-o-me...e-class-famil/

By some measures they say Obama's tax cuts could be bigger than Trump's.

He had the highest deficits ever. He gets credit for the biggest deficits being his earliest years? Is the debt any different if his biggest deficit is in his first year or his last year?
The reason the fiscal year is offset from the election year is to give the incoming president time to make adjustments from their predecessor. The first year of your term, heck maybe even the second are pretty much fixed as to ability to influence the deficit.

So yes, there's a huge difference between the first and last years.


See above.

You got me, apparently I wasn’t paying attention, I didn’t see my cut, and apparently I received it. It wasn’t anywhere near larger than the recent gop tax cut.
Posted from my iPhone/Mobile device

[spence]

Originally Posted by Jim in CT

You got me, apparently I wasn’t paying attention, I didn’t see my cut, and apparently I received it. It wasn’t anywhere near larger than the recent gop tax cut.
Posted from my iPhone/Mobile device

It was far bigger. You didn't "feel" it because Obama made the Bush tax cuts permanent rather than let them expire which he could have easily done.