@Rajk999 saidBoth Bush and Trump came into office when the economy was going strong while Obama and Biden inherited economies that were in deep recessions. The latter required fiscal stimulus to correct, while the former's deficits were caused by huge tax cuts primarily benefiting the wealthy.
Did you demand that any Demoxratic President of the US get debt under control first, or are you just a biased supporter of the Democratic party and unable to think clearly? Here are some figures of increase in the US National Debt for the last 4 presidents :
[i]Joe Biden- $7,035,755,359,123.00 - Democrat
Donald J. Trump- $8,184,018,553,995.10 - Republican
Ba ...[text shortened]... ing Biden was not able to do? Seriously, what the reason for this continued stupidity and biasness.
Apples and oranges.
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@no1marauder saidBoth Bush and Trump came into office with no or low (relative) deficit numbers, and they exploded it. Both Obama and Biden inherited those enormous and increasing deficits. Both brought the number down.
Both Bush and Trump came into office when the economy was going strong while Obama and Biden inherited economies that were in deep recessions. The latter required fiscal stimulus to correct, while the former's deficits were caused by huge tax cuts primarily benefiting the wealthy.
Apples and oranges.
Democrats play the role of grown ups, boring and deliberate. Republicans are then like "tax cuts! They'll pay for themselves, we'll all be rich." Then they never do, and we never are.
@wildgrass saidOk you need to get the terms right. Apparently you are not well versed in discussions of this kind. There are deficits aka Budget Deficits, and there is the debt aka the National Debt. Dont confuse them. Do some research.
Both Bush and Trump came into office with no or low (relative) deficit numbers, and they exploded it. Both Obama and Biden inherited those enormous and increasing deficits. Both brought the number down.
Democrats play the role of grown ups, boring and deliberate. Republicans are then like "tax cuts! They'll pay for themselves, we'll all be rich." Then they never do, and we never are.
@no1marauder saidNonsense, Got some proof?
Both Bush and Trump came into office when the economy was going strong while Obama and Biden inherited economies that were in deep recessions. The latter required fiscal stimulus to correct, while the former's deficits were caused by huge tax cuts primarily benefiting the wealthy.
Apples and oranges.
@wildgrass saidAre you a little teenage girl or something?
I'm not confused. Apparently you are.
You said that you want to see Trump get the debt down first.
I responded with data showing that the debt with each successive presidents and parties [2 Democrats, and 2 Republicans] was roughly similar over the last 4 presidencies.
Then you switched it to deficits, which is not the same as debt.
@wildgrass saidProduce it then. I dont tell people what I say is a public record. I support my assertions. Try doing that.
The numbers are public record.
@Rajk999 saidAre you denying the US was experiencing economic downturns by January 2009 and January 2021? I thought anyone with a modicum of knowledge would know that.
Nonsense, Got some proof?
Oh well:
https://www.investopedia.com/terms/g/great-recession.asp
https://sites.lsa.umich.edu/mje/2022/01/09/the-economic-impact-of-the-covid-19-pandemic-on-the-united-states/
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@Rajk999 saidNo I started with deficits. Debt is the consequence.
Are you a little teenage girl or something?
You said that you want to see Trump get the debt down first.
I responded with data showing that the debt with each successive presidents and parties [2 Democrats, and 2 Republicans] was roughly similar over the last 4 presidencies.
Then you switched it to deficits, which is not the same as debt.
Get debt under control by reducing deficit spending. Republicans are poised to pass a "big beautiful bill" that goes the other way. It is absolutely irresponsible to cut taxes while increasing deficit spending.
@Rajk999 saidI can't hold your hand here, boss. It's a scary world out there, you need to be more self-reliant.
Produce it then. I dont tell people what I say is a public record. I support my assertions. Try doing that.
Facts fact. You would rather talk about Biden flation but Republicans have an indisputably disasterous record on deficit spending.
@no1marauder saidI am doubting that the Republicans or Democrats had something to do with these recessions and that policies were designed to benefit the wealthy. The 2009 downturn had to do with financial policies relating to mortgage borrowings and Covid was the reason for the 2022 depression.
Are you denying the US was experiencing economic downturns by January 2009 and January 2021? I thought anyone with a modicum of knowledge would know that.
Oh well:
https://www.investopedia.com/terms/g/great-recession.asp
https://sites.lsa.umich.edu/mje/2022/01/09/the-economic-impact-of-the-covid-19-pandemic-on-the-united-states/
@Rajk999 saidDeficit spending is acceptable as a temporary response to a recession. It should not have exploded in 2018, we had an excellent economy and were winding down wars, but it did.
I am doubting that the Republicans or Democrats had something to do with these recessions and that policies were designed to benefit the wealthy. The 2009 downturn had to do with financial policies relating to mortgage borrowings and Covid was the reason for the 2022 depression.
Why? Because trump and Republicans cannot quit their big spending agenda.
@Rajk999 saidIt’s just a coincidence that the 2007-9 subprime economic crisis occurred at the end of GWB’s Presidency right?
I am doubting that the Republicans or Democrats had something to do with these recessions and that policies were designed to benefit the wealthy. The 2009 downturn had to do with financial policies relating to mortgage borrowings and Covid was the reason for the 2022 depression.
@AThousandYoung saidYou mean the housing bubble burst that was a result of banks giving out all kinds of bad loans to minorities that couldn't afford them because the Dems were pushing them into it?
It’s just a coincidence that the 2007-9 subprime economic crisis occurred at the end of GWB’s Presidency right?