Spread this Far and Wide

[Beachnutt]

[CrispyQ]

1. It kind of looks like dems are better at the economy than repubs. -nt

[Kid Berwyn]

2. Democrats are always cleaning up GOP disasters.

Always.

[Orrex]

8. While also being blamed for them, always

Then, when the next Repug oozes into office, they claim (and receive) credit for fixing the economy.

This has been true for as long as I’ve been politically conscious and no doubt much longer.

[tclambert]

21. The difference is Republicans never ever do the homework and check the facts.

You can look it up in many, many sources, and Democrats will, and will make nicely researched charts like the one in the opening post, but Republicans will accept what their guy said on Fox, or on Twitter at face value, and never check any numbers, never provide concrete examples. If you ask them a specific question, like "In the twentieth and twenty-first centuries, which party's Presidents have had more recessions, Democrats or Republicans?" they will shamelessly make up an answer, assuming reality matches what they want it to be. (Answer: Republican Presidents have about twice the number of recessions as Democratic Presidents, and all of the very worst ones.)

[Louis1895]

3. I always like to see the sources for provocative graphics like this!

Check out

https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/

for further information.

The graph at the government site is more current. It has an additional year (2021-2022 FY) showing that the deficit declined even more than is displayed in the graph with a deficit of $1.38 T, about half of the last year shown in the original post above!!

The last time there was a budget surplus was during Clinton's presidency.

[Beachnutt]

7. Great information,

thanks for the link..

[PufPuf23]

14. That .gov is full of data and a clear explanation of National Debt.

Thank you.

Folks at MSNBC (or CSPAN) should dedicate 5 minutes a telecast to topics from this link.

Everyone should know the facts.

[tclambert]

22. Doing the research and citing sources? When does a Republican ever do that?

They'll just repeat some meme they heard about windmills killing whales.

[paleotn]

4. Republicans keep cutting taxes primarily for the wealthy...

and then talk about cutting spending but never do. Less income - as much or more out go = record deficits. It's simple math and the umpteenth repudiation of the "Laffer Curve". No theory has ever been more aptly named.

Notice that big spike in Obama's first year? That's the Iraq and Afghanistan debacles being put back into the budget where they belonged instead of "off budget" and hidden. W's numbers are grossly understated because of that fact. Republicans were playing fast and loose with the truth. Their usual game of 3 card Monty with their base. But their base keeps playing. Idiots.

[TeamProg]

5. Ha ha ha!

[malaise]

6. THIS

Yeeeeeeeeeeeeeees!

[Pantagruel]

9. More

For more information about the national deficit, please explore more of Fiscal Data and check out the extensive resources listed below.

America’s Fiscal Future
https://www.gao.gov/americas-fiscal-future
An Update to the Budget and Economic Outlook: 2021 to 2031
https://www.cbo.gov/publication/57339
Congressional Budget Office Topics – Budget
https://www.cbo.gov/topics/budget
Federal Deficits, Growing Debt, and the Economy in the Wake of COVID 19
https://crsreports.congress.gov/product/pdf/R/R46729
President’s Budget – Historical Tables
https://www.whitehouse.gov/omb/historical-tables/

[PufPuf23]

15. Thank you. Good info. kr

[republianmushroom]

10. Yes he did, but not by himself.

He had help, the whole republican conservative party.

[rsdsharp]

11. I bow to no one in my hatred for Trump, and it's true that 25% of the national debt

was added on his watch. However, a large part of that was related to Covid. The chart makes it look like it was entirely caused by the tax cut. If I remember correctly, the cost of that was $1.6 trillion — over 10 years.

[SickOfTheOnePct]

16. Facts interfere with the glee

Tax cuts obviously contributed to the deficit under Trump, but nowhere near as much as the COVID relief, which was badly needed.

[Beachnutt]

17. President Obama had H1N1, SARS, Ebola, Zika

Last edited Sat Feb 18, 2023, 06:30 PM - Edit history (1)

outbreaks to deal with but he had a team in place to deal with it immediately to stop the spread.
Trump fired that team and lied to everyone and covid spread so yes he is totally responsible for the debt incurred under his watch not to mention the deaths.

[rsdsharp]

18. Trump bears his share of the blame, and the cost. But covid was a worldwide problem.

Most of the world shut down, and most governments engaged in measures to give financial support to their population. Trump could have dampened the impact, to be sure. I don’t believe he could have “totally” stopped the spread. To my knowledge, only New Zealand, and perhaps South Korea, came close to managing that.

And the graph does not mention covid at all.

[Hermit-The-Prog]

23. Traitortrump fired the team that was in China and tossed the playbook.

[Beachnutt]

24. He also called corona virus a hoax and

denied its existence early on before the spread.

[rsdsharp]

25. Yes. That doesn't mean it would have stopped a pandemic

if he hadn’t. The results would have been better, in all likelihood, but it is pure speculation about “what might have been.”

[progressoid]

19. +1

[liberalla]

12. Yes, Sir!!! Keep this info handy for future reference!

[Cha]

13. Excellent.. tY

[betsuni]

20. K&R