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Started By
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1
Posted on 4/20/24 at 7:17 pm to Riverside
quote:
Could you provide the rate of increase from 2017-2019 to support your theory?
It's not a theory. It's simple math. Both of Trump's first two budgets (before Covid) resulted in bigger deficits (and included more spending) than both of Obama's last two.
Posted on 4/20/24 at 7:21 pm to Taxing Authority
quote:
I had a modeling mentor that taught me to always be suspicious of anyone using percentages. ^ is the perfect example of why.
Why even put percentages. Just arrows pointing up or down. I went to the SoftBank school of presentations.
Posted on 4/20/24 at 7:34 pm to David_DJS
quote:
It's not a theory. It's simple math. Both of Trump's first two budgets (before Covid) resulted in bigger deficits (and included more spending) than both of Obama's last two.
Congress hasn’t passed a president’s budget in at least 20 years. But thanks for producing facts to support your claim.
Posted on 4/20/24 at 7:39 pm to Riverside
quote:
Congress hasn’t passed a president’s budget in at least 20 years. But thanks for producing facts to support your claim.
I'm not with you on giving Obama and Biden passes on their fiscal irresponsibility.
Posted on 4/20/24 at 7:49 pm to David_DJS
I did the research for you:
Debt when Obama left office: $20,244,900,016,053.50
Debt in 2019 under Trump: $22,719,401,753,433.70
Debt post-COVID undef Trump:
$26,945,391,194,615.10
Debt by President
Clearly, the COVID spending under Trump accounted for the greatest increase. But for COVID, I do think Trump would have presided over a very modest increase in spending.
With that said, I want Congress to stop spending more than we collect in revenue and to propose a plan to stop deficit spending within 10-years.
Debt when Obama left office: $20,244,900,016,053.50
Debt in 2019 under Trump: $22,719,401,753,433.70
Debt post-COVID undef Trump:
$26,945,391,194,615.10
Debt by President
Clearly, the COVID spending under Trump accounted for the greatest increase. But for COVID, I do think Trump would have presided over a very modest increase in spending.
With that said, I want Congress to stop spending more than we collect in revenue and to propose a plan to stop deficit spending within 10-years.
This post was edited on 4/20/24 at 7:54 pm
Posted on 4/20/24 at 7:53 pm to Riverside
quote:
I did the research for you:
You didn't need to. What I posted earlier was factual. Trump's first two (pre-Covid) deficits (and spending) were greater than Obama's last two. That's really all that needed to be known to counter moneyg's retarded suggestion that before Covid, Trump had reversed Obama's ridiculous spending.
Posted on 4/20/24 at 7:54 pm to billjamin
quote:
Why even put percentages. Just arrows pointing up or down. I went to the SoftBank school of presentations.
When presenting to financial folks, I often resort to green/yellow/red dots. Posted on 4/20/24 at 7:56 pm to Riverside
quote:Cool. Does that mean we don't have to pay it back to T-bill holders?
Clearly, the COVID spending under Trump accounted for the greatest increase.
Posted on 4/20/24 at 7:58 pm to Taxing Authority
quote:
No. Not one budget included any cuts year over year. Most of the pre-2020 spending was predetermined under the Obama admin, though. But none of that was cut.
Have you not learned by now? This board hates facts.
It's better we debate via Facebook memes.
Posted on 4/20/24 at 7:59 pm to Azkiger
quote:
Why do you think % increases are the best way to track debt increases? Outside of fondling Trump's balls, of course.
I am quoting the numbers from the site. It's not my analysis. When I say I'm giving examples, that should be a clear indicator. Some of you just look for ways to get angry.
Posted on 4/20/24 at 8:01 pm to POTUS2024
I have been told that Trump spent WAY too much money. I also heard that he was going to start WWIII
Why after the fact after years does theirs type of news comes out?
Why after the fact after years does theirs type of news comes out?
Posted on 4/20/24 at 8:04 pm to Taxing Authority
quote:
Does that mean we don't have to pay it back to T-bill holders?
No, that’s not how it works. Debt is debt. Let’s just make sure the record is correct as to the reason for the increase in spending under Trump.
Posted on 4/20/24 at 8:05 pm to POTUS2024
quote:. The main culprit was the war on drugs and militarizing the police. I genuinely don’t understand how this board sucks this man’s dick so relentlessly when he was in no way conservative.
Reagan increased it by 186%. There is some debate about Reagan's policies, and I believe the main culprit was increasing defense spending by 35%.
Posted on 4/20/24 at 8:09 pm to Timeoday
quote:
Reagan broke the USSR
Pope John Paul II broke the USSR.
Posted on 4/20/24 at 8:11 pm to SloaneRanger
quote:
Frick the percentages. Just give us the increase in US dollars. But that wouldn’t fit your narrative would it?
I give the increase in dollars. And percentages. This is what the website gives. Not me. I am quoting the site. There is no narrative. Again, some of you just look for things to get angry about.
Posted on 4/20/24 at 8:15 pm to POTUS2024
quote:
I am quoting the numbers from the site.
With no understanding of why anyone should care about them, apparently.
Posted on 4/20/24 at 8:16 pm to Riverside
quote:The "reason" doen'st make it any less real. Nor does it change the consequences of it.
No, that’s not how it works. Debt is debt. Let’s just make sure the record is correct as to the reason for the increase in spending under Trump
And let's not forget... Trump wanted to spend MORE on COVID than Congress would pass. He even tried to primary Thomas Massie for not supporting the spending he wanted.
This post was edited on 4/20/24 at 8:18 pm
Posted on 4/20/24 at 8:17 pm to POTUS2024
You people do realize that congress is responsible for spending money, not the president, right?
Posted on 4/20/24 at 8:19 pm to beaux duke
How much of Trump’s debt was Covid related?
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