> US Debt Graph by President (puts to rest GOP lies)

Phillip_McCavity wrote:

The reason it decline so much under Clinton was Newt Gingrich.

And the pandemic required emergency spending. So I blame neither Trump nor Biden.

Newt? Are you smoking crack Phil?

Rosie Queen of Corona wrote:

Phil I need to give  you a math lesson. It wasn't just the pandemic. Do you understand what Trump Trillion dollar rich people tax cuts did?

Tax revenues increased after the Jobs and Tax Cut Act of 2017.


I'll let you two tards get back to your slap fight now.

Rosie Queen of Corona wrote:

Newt? Are you smoking crack Phil?

Newt's House shut down Clinton's spending programs.

wrote:

Typical GOP bullshyt.


"The most appropriate test of the revenue impact of the TCJA is to compare actual revenues in FY2018 with predicted revenues in FY2018 assuming Congress had not passed the legislation. In fact, the actual amount of revenue collected in FY2018 was significantly lower than the Congressional Budget Office’s (CBO) projection of FY2018 revenue made in January 2017—before the tax cuts were signed into law in December 2017. The shortfall was $275 billion, or 7.6% of revenues that were expected before the tax cuts took place. Given that the economy grew, and in the absence of another policy that could have caused a large revenue loss, the data imply that the TCJA substantially reduced revenues..."

https://www.brookings.edu/policy2020/vo … or-itself/

You are not very bright.  Revenues increased after the Tax Cut and Jobs Act:

https://www.thebalancemoney.com/current … ue-3305762

These are facts, I'm sorry this is difficult for you to understand.

Phillip_McCavity wrote:

But the deficit increased, because Trump spent money like a drunken sailor, especially have to spend billions on farm subsidies to cover damage caused by his trade war.

Trump didn't run trillion dollar deficits for four consecutive years, that would be drunken and gay sailor Obama.

Do you have any data on the farm subsidies claim you are making?



Here is some data that will severely trigger your cognitive dissonance:

https://fred.stlouisfed.org/series/FYFSD

How many of those spending bills did Biden vote yes on?

wrote:

Trump didn't run trillion dollar deficits for four consecutive years, that would be drunken and gay sailor Obama.

Trump is number 3 in terms of amount he added to the federal debt, see:

https://www.propublica.org/article/national-debt-trump [Highly Credible Source (Liberal)]

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

wrote:

From the “key takeaways” at the top of your article:

“Tax cuts implemented by Presidents Bush, Obama, and Trump to drive economic growth further reduced revenues.”

Key takeaways = spin on data

Look at the actual numbers Corky.

Soon enough the Baggers will leave and be history.

Phillip_McCavity wrote:

Trump is number 3 in terms of amount he added to the federal debt, see:

https://www.propublica.org/article/national-debt-trump [Highly Credible Source (Liberal)]

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

Who might be 1 and 2?

wrote:

Key takeaways = spin on data

Look at the actual numbers Corky.

The actual numbers for Trump makes him the worst President in history, dipshyt.

Calculus.Boi wrote:

The total area under the graph seems to be so much greater for Democrats. 

Has to be scaled with the size of the economy.