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And I left a smaller deficit that I inherited..... (Original Post) Soph0571 Feb 2019 OP
Let us not forget "Republican shutdowns"... dubyadiprecession Feb 2019 #1
lets also not forget Larrybanal Feb 2019 #8
Because for too long the public PatSeg Feb 2019 #12
It's time to go back to Eisenhower's tax rates IronLionZion Feb 2019 #2
Because: TRICKLE DOWN DOESN'T WORK! Still In Wisconsin Feb 2019 #3
It works. Bozvotros Feb 2019 #6
Here's a pretty good list of annual deficits and debt increase back to 1929 OnlinePoker Feb 2019 #4
Really interesting statistics PatSeg Feb 2019 #13
Yet all those pubicans DirtEdonE Feb 2019 #5
W took that surplus and more to line rich men's pockets bigbrother05 Feb 2019 #7
Yep. Greed and pnac wet dreams. DirtEdonE Feb 2019 #14
Trump will say it! kag Feb 2019 #9
Just wait wryter2000 Feb 2019 #10
BAM! ffr Feb 2019 #11
Deficits are not important to them. Only the distribution matters. Caliman73 Feb 2019 #15
 

Larrybanal

(227 posts)
8. lets also not forget
Fri Feb 22, 2019, 11:17 AM
Feb 2019

that polls show most americans (including dems) still believe the GOP is the party of fiscal responsibility. why? I dont know

PatSeg

(46,773 posts)
12. Because for too long the public
Fri Feb 22, 2019, 11:33 AM
Feb 2019

believed the hype the republicans spewed out.

They are also viewed as the party that will keep us safe and secure, also not true. Or the party of "personal responsibility" and "family values". Republicans pretty much flunk every test, they are all rhetoric and no substance. They've been playing a shell game for a long time, but people are starting to see them for who they really are.

OnlinePoker

(5,702 posts)
4. Here's a pretty good list of annual deficits and debt increase back to 1929
Fri Feb 22, 2019, 10:17 AM
Feb 2019

It also has the major annual events that probably influenced them the most.

https://www.thebalance.com/us-deficit-by-year-3306306

 

DirtEdonE

(1,220 posts)
5. Yet all those pubicans
Fri Feb 22, 2019, 10:24 AM
Feb 2019

somehow managed to enrich themselves while blowing those huge holes in the deficit.

Remember when President Clinton balanced the budget and had the nation on track to pay off the national debt by 2013?

I remember. Somehow America has forgotten. They were too worried about a consensual BJ. Now we're paying the price for our entertainment tonight mindset.

Clinton to Propose Early Debt Payoff

Spending: Due to economy, budget going to Congress will contain plan to retire $3.6-trillion obligation by 2013, two years sooner than expected.

January 26, 2000|ART PINE and NICK ANDERSON | TIMES STAFF WRITERS

"WASHINGTON — President Clinton said Tuesday that the budget he will send Congress on Feb. 7 will propose paying off the entire $3.6-trillion national debt by 2013--two years earlier than had been expected even a few months ago.

At a news conference, the president attributed the opportunity for a speedup to an economy that is even stronger than had been forecast, resulting in higher tax revenue and lower expenses, and to his own austere budget policies.

At the same time, the nonpartisan Congressional Budget Office issued revised estimates projecting that the federal budget surplus over the next 10 years is likely to top $1.9 trillion--substantially larger than the agency had predicted as late as December.

The CBO also acknowledged that, contrary to previous estimates, congressional Republicans managed to keep from draining any of the surplus in the Social Security trust fund in fiscal 2000, even though they breached the overall budgetary spending caps that Congress set in 1997."

bigbrother05

(5,995 posts)
7. W took that surplus and more to line rich men's pockets
Fri Feb 22, 2019, 11:10 AM
Feb 2019

Instead of taking a pause to see how the dot.com bubble played out, Alan Greenspan claimed that the W tax cuts were just fine. Then W funded the Iraq war off the books and gave us the Great Recession because "deficits don't matter".

Funny how the GOP think pay as you go works for Social Security or Medicare, but tax cuts and wars are net profitable.

 

DirtEdonE

(1,220 posts)
14. Yep. Greed and pnac wet dreams.
Fri Feb 22, 2019, 03:08 PM
Feb 2019

New American century? Hell, we didn't even get a new American decade. But they got what they always wanted - one party rule, aka dictatorship.

I really believe pootin helped the gop retain the Senate in the 2018 mid-terms. It's just like him. Give us a little hope but not enough to make a real difference, then right back to stealing 2020 and none of it matters at all after that.

We're one election away from checkmate.

Caliman73

(11,690 posts)
15. Deficits are not important to them. Only the distribution matters.
Fri Feb 22, 2019, 03:14 PM
Feb 2019

A deficit because of tax breaks for the wealthy is perfectly okay to them. Deficits for military spending are completely acceptable.

Deficits only matter when funding is used to make the lives of poor and middle class people better through infrastructure spending, health care, and social welfare programs.

It is not the money...EVER. It is what the money is used for.

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