GDP growth for the second quarter was +4.1%, second highest in 15 years

[spence]

Originally Posted by JohnR

Small deficits are OK to run a country, not a deficit that is 6 times annual receipts.

The fact that YOU don't care about deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

While this doesn't seem to look good for Republicans it's nowhere near the 6x multiple you claim. The fact that YOU don't understand deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

[Jim in CT]

Originally Posted by spence

recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

and if one can further draw conclusions...

I can draw the conclusion that you are a world class cherry-picker of data. If you ignore Obama's first 4 years, yes the deficits shrank. to half a trillion You conveniently left out that (1) his deficits were much larger in his first 4 years, and that the democrats controlled congress when the deficits were massive, and the GOP controlled congress (and this the budgets) when his deficits came down.

If you want to say conservatives are hypocrites about going berserk about deficits under Obama and now silent, that's 100% legitimate. But Obama added more to the debt than anyone before him.

[JohnR]

Originally Posted by spence

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

While this doesn't seem to look good for Republicans it's nowhere near the 6x multiple you claim. The fact that YOU don't understand deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

Do all of Bush and all of Obama - don't cherry pick

P.S. - I was against both in this regard

[spence]

Originally Posted by JohnR

Do all of Bush and all of Obama - don't cherry pick

P.S. - I was against both in this regard

Doesn't matter none of them were 6X

[JohnR]

Originally Posted by spence

Doesn't matter none of them were 6X

Ahhhh, I got ya.

Let me be more clear, the total debt is 6 times the annual revenue, and growing. The guv spends roughly 20-30% more annually than it takes in - that is unsustainable and has been my position since Junior was in office.

Originally Posted by spence

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

Now on your point that Bush was a Trillion per year and Obama was half that is just ludicrous Spence. Bush had one year (2?) at 1 T (TARP/QE) that was the first year of Obama. Obama had 4 years over a T. Both were too much. But Bush did not have "era deficts of over a trillion, Obama era deficits of 5-600 Billion". That is just ludicrous, and you know it.

[spence]

Originally Posted by JohnR

Now on your point that Bush was a Trillion per year and Obama was half that is just ludicrous Spence. Bush had one year (2?) at 1 T (TARP/QE) that was the first year of Obama. Obama had 4 years over a T. Both were too much. But Bush did not have "era deficts of over a trillion, Obama era deficits of 5-600 Billion". That is just ludicrous, and you know it.

Bush left Obama with a massive deficit problem that Obama did a great job of whittling down even with the stimulus. Granted this was helped by economic growth. Trump inherited a deficit of under 700B and now its skyrocketing to over a trillion again for years to come...while we are experiencing decent growth as well.

Riddle me that? I’ve done my homework.
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[Jim in CT]

Originally Posted by spence

Bush left Obama with a massive deficit problem that Obama did a great job of whittling down even with the stimulus. Granted this was helped by economic growth. Trump inherited a deficit of under 700B and now its skyrocketing to over a trillion again for years to come...while we are experiencing decent growth as well.

Riddle me that? I’ve done my homework.
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you got caught red handed cherry picking numbers to serve your agenda. leave it at that, don’t dig your hole deeper.

plenty of debt hypocrisy on both sides...for most people, their concern over deficits depends entirely on the party of the sitting president, it’s obvious.

interesting that you can see that trumps deficits will be this large for years to come. quite the prognosticator.

you forgot to mention, i wonder why, that a good chunk of bush’s deficits was because of the response to 9/11. he also managed, according to stanford university, to launch an aids initiative that is credited with saving over one million lives in africa. and almost nobody knows about it, because the media hates him.
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[scottw]

Originally Posted by JohnR

ludicrous Spence.

[Sea Dangles]

Originally Posted by spence

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

While this doesn't seem to look good for Republicans it's nowhere near the 6x multiple you claim. The fact that YOU don't understand deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

Context Jeff
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