Deficit performed under Republican and Democratic presidents, from Reagan to Trump
 

Deficit has grown under Republican presidents and shrunk under Democrats.

NOTE: this info, July 23, 2019 , pre-Covid , so Trump deficit doesn't include Covid cost.

Reagan took the deficit from 70 billion to 175 billion.
Bush 41 took it to 300 billion.
Clinton got it to zero.
Bush 43 took it from 0 to 1.2 trillion.
Obama halved it to 600 billion.
Trump’s got it back to a trillion.


"(President Ronald) Reagan took the deficit from 70 billion to 175 billion." This is more or less accurate. The federal deficit went from about $78.9 billion at the beginning of Reagan’s presidency to $152.6 billion at the end of it. At points between 1983 and 1986, the deficit was actually more than $175 billion.

"(George H.W.) Bush 41 took it to 300 billion." Close, but not exactly. The number was around $255 billion at the end of Bush’s term. The deficit spiked at around $290.3 billion the year before he left office.

"(Bill) Clinton got it to zero." This is true. During his presidency, Clinton managed to zero out the deficit and end his term with a $128.2 billion surplus.

"(George W.) Bush 43 took it from 0 to 1.2 trillion." This is in the ballpark. Ignoring the fact that he actually started his presidency with a surplus, Bush left office in 2009 with a federal deficit of roughly $1.41 trillion.

"(Barack) Obama halved it to 600 billion." This is essentially accurate. Obama left the presidency with a deficit of approximately $584.6 billion, which is more than halving $1.41 trillion. The deficit was even lower in 2015 at around $441.9 billion.



"Trump’s got it back to a trillion."

A Treasury Department statement from June put the federal deficit at about $747.1 billion so far this fiscal year. But the agency also reported that Washington is on track to post a $1.1 trillion deficit by the end of September, which backs up Cole’s claim.

https://www.politifact.com/factcheck...ibute-deficit/

wow... good thread :eek:

I edited original post to include this; NOTE: this info, July 23, 2019 , pre-Covid , so Trump deficit doesn't include Covid cost.


Post in response to why military does better under R then D Administrations. R like to use other people money to get nation in debt. D are more conservative with money and having to deal with past R using debt.



Originally Posted by z06psi View Post
Another point.


I have obviously been in D and R administrations.

D administrations are not good. The force suffers and more importantly the readiness suffers tremendously.

We have a strategic policy to fight two wars at the same time.

Readiness falls to such a critical level under Ds (really globalists in general) where that is not possible.

post 62 in https://www.thevettebarn.com/forums/...=124097&page=4

Who controls the country's purse?

:strats:

It's Monopoly© money. Nobody seems to care all that much. They should of course but the average citizen? Couldn't care less.

Facts are hard.

Weapons, pseudo job creation, and military welfare is big busines:yesnod:
Too bad it all goes on the credit card.
Hard facts...

So are social programs.


Medicare
Welfare
Social Security

Which one of those is in the Constitution?

What???? You're rhetorical questions are ridiculous.

Is this you??

Attachment 49186

Social Security for example is not UNconstitutional. But you don't have a legal right to it either.

Clinton never had surpluses, and the public debt went up considerably during his presidency.

:rofl::rofl::rofl:


Those that live in the grey area of vagueness is why we are were we are. This is the epitome of how self governance falls.

Facts are hard.

Am I wrong?

At some point, the US won't be able to make the debt service interest on all of that and we will find out if MMT works or not. Basically, from what I can see, it works just fine as long as the US is a world reserve currency. We seem to be able to print all the money we want as long as we have the biggest, baddest military on the planet and will kill people who try to upset that. Remember what happened when countries were discussing trading oil in NOT US dollar currency? Arab Spring. Regime change in Libya. We seem willing to kill whoever we need to to keep the fiction that our dollars have value alive.

It's a strategy, I guess.

Bingo.

I don't think so. Please provide a source. :cert:

Bingo = the argument progressives make to enact further taxation and over reach of government into our lives and pockets.