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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
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Old 06-11-2018, 05:11 PM   #1
Jim in CT
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[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.

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.


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.
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Old 06-11-2018, 05:25 PM   #2
spence
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Quote:
Originally Posted by Jim in CT View Post
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.
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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.
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