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National Debt now 25% higher since Trump took office

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Comments

  • SFGbobSFGbob Member Posts: 33,181
    2001400ex said:

    SFGbob said:

    Do you recall the Rats having anything to do with this Hondo?

    "Two programs — Medicare and Medicaid — are expected to account for 86% of all estimated HHS spending in FY2019," it said.

    In the first eight months of this fiscal year, which began in October, HHS spent $834,346,000,000, according to the Monthly Treasury Statement for May. That is up from $731,724,000,000 in the first eight months of last fiscal year.

    Through all of fiscal 2018, HHS spent approximately $1,120,500,000,000 — or $93,375,000,000 per month.

    Through this full fiscal year, according to the estimate published in the Monthly Treasury Statement, HHS will spend approximately $1,230,273,000,000 — or $102,522,750,000 per month.

    In May alone, according to the Monthly Treasury Statement, HHS spent $146,552,000,000.

    Who passed Medicare part D?

    There being said Bob. What actions from Democrats the last two years are responsible for the Medicare increase?
    Republicans and Rats and to the extent that any Rats opposed Medicare part D it's because they wanted to create an even more expensive program.

  • MikeDamoneMikeDamone Member Posts: 37,781
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,982 Founders Club
    edited July 2019
    pawz said:

    Revenues are up. As is spending. Same as it ever was

    In fact if the democrats weren't retards they could get a bunch more spending because of the democrat in the White House who likes to spend

    I will never support tax hikes because its my money and I do better with it than the idiots in DC. Its not a tax problem it is a spending problem. Despite these "massive" tax cuts we still pay out about 50% of what we make to all levels of government.

    You can take all the wealth of the top 1% and run the country for around a year. Then what?

    Is actually only about 3 months, but your poont stands.
    @RaceBannon

    This is about 7 years old, but it illustrates your poont.


    https://youtu.be/jboTeS9Okak
  • SledogSledog Member Posts: 35,752 Standard Supporter

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
  • 2001400ex2001400ex Member Posts: 29,457

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
  • SledogSledog Member Posts: 35,752 Standard Supporter
    Obama spent it. Get over it. Trump is way behind what you hail as the greatest ever. Now we have a president that is doing great things for the economy and it pisses you off because it smashes your socialist dream. Break out the gear and get that revolution going! We're waiting.
  • RaceBannonRaceBannon Member, Moderator, Swaye's Wigwam Posts: 110,418 Founders Club
    2001400ex said:

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
    Sounds like the Obama recovery sucked
  • YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 36,821 Founders Club
    edited July 2019
    dnc said:

    We're never going to fix the deficit. The GOP wants to massively cut taxes and maybe not massively add to spending (cutting spending never happens). Democrats want to raise taxes and massively raise spending. Both sides are fiscally retarded.

    Meanwhile we pass more and more debt onto future generations everyday while both sides act like they gaf about "the children!"

    Fuck em both.

    Our? electorate is immoral.
  • MikeDamoneMikeDamone Member Posts: 37,781
    2001400ex said:

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
    Ummmmmm....have you looked at revenues vs expenditures from 2008-2016? The majority of the debt was due to expenditures. Revenue fell slightly in 2008, was off 17% in 2009 and has been steadily climbing since to what will be a record 3.44 trillion this year. Up 61% in 10 years. US population is up 8% in that timeframe. Revenue isn’t, nor has it been the “large contributing factor” to the debt.

    Cue the “but the tax cuts were SOLD as...blah blah blah”. Fuck off.
  • 2001400ex2001400ex Member Posts: 29,457

    2001400ex said:

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
    Ummmmmm....have you looked at revenues vs expenditures from 2008-2016? The majority of the debt was due to expenditures. Revenue fell slightly in 2008, was off 17% in 2009 and has been steadily climbing since to what will be a record 3.44 trillion this year. Up 61% in 10 years. US population is up 8% in that timeframe. Revenue isn’t, nor has it been the “large contributing factor” to the debt.

    Cue the “but the tax cuts were SOLD as...blah blah blah”. Fuck off.
    I didn't say majority. I said a large contributing factor. And it took until. 2013 for revenues to be higher than 08.

    https://www.whitehouse.gov/wp-content/uploads/2019/03/hist01z1-fy2020.xlsx
  • SFGbobSFGbob Member Posts: 33,181
    2001400ex said:

    2001400ex said:

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
    Ummmmmm....have you looked at revenues vs expenditures from 2008-2016? The majority of the debt was due to expenditures. Revenue fell slightly in 2008, was off 17% in 2009 and has been steadily climbing since to what will be a record 3.44 trillion this year. Up 61% in 10 years. US population is up 8% in that timeframe. Revenue isn’t, nor has it been the “large contributing factor” to the debt.

    Cue the “but the tax cuts were SOLD as...blah blah blah”. Fuck off.
    I didn't say majority. I said a large contributing factor. And it took until. 2013 for revenues to be higher than 08.

    https://www.whitehouse.gov/wp-content/uploads/2019/03/hist01z1-fy2020.xlsx
    That speaks more to the shitty Obama economy than anything else. What would have happened to the budget deficit if we had just reduced spending in 2012 to what we spent in 2007?
  • 2001400ex2001400ex Member Posts: 29,457
    SFGbob said:

    2001400ex said:

    2001400ex said:

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
    Ummmmmm....have you looked at revenues vs expenditures from 2008-2016? The majority of the debt was due to expenditures. Revenue fell slightly in 2008, was off 17% in 2009 and has been steadily climbing since to what will be a record 3.44 trillion this year. Up 61% in 10 years. US population is up 8% in that timeframe. Revenue isn’t, nor has it been the “large contributing factor” to the debt.

    Cue the “but the tax cuts were SOLD as...blah blah blah”. Fuck off.
    I didn't say majority. I said a large contributing factor. And it took until. 2013 for revenues to be higher than 08.

    https://www.whitehouse.gov/wp-content/uploads/2019/03/hist01z1-fy2020.xlsx
    That speaks more to the shitty Obama economy than anything else. What would have happened to the budget deficit if we had just reduced spending in 2012 to what we spent in 2007?
    What would have happened to the budget is we didn't pass Medicare part D without funding it?

    What happens to expenditures when unemployment goes through the roof and resulting benefit payments are to be made?
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 17,152 Swaye's Wigwam
    Wake me up when we actually have to pay interest on US Government debt. Until then, leverage the shit out of being the only reserve currency game in the world.
  • SFGbobSFGbob Member Posts: 33,181
    2001400ex said:

    SFGbob said:

    2001400ex said:

    2001400ex said:

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
    Ummmmmm....have you looked at revenues vs expenditures from 2008-2016? The majority of the debt was due to expenditures. Revenue fell slightly in 2008, was off 17% in 2009 and has been steadily climbing since to what will be a record 3.44 trillion this year. Up 61% in 10 years. US population is up 8% in that timeframe. Revenue isn’t, nor has it been the “large contributing factor” to the debt.

    Cue the “but the tax cuts were SOLD as...blah blah blah”. Fuck off.
    I didn't say majority. I said a large contributing factor. And it took until. 2013 for revenues to be higher than 08.

    https://www.whitehouse.gov/wp-content/uploads/2019/03/hist01z1-fy2020.xlsx
    That speaks more to the shitty Obama economy than anything else. What would have happened to the budget deficit if we had just reduced spending in 2012 to what we spent in 2007?
    What would have happened to the budget is we didn't pass Medicare part D without funding it?

    What happens to expenditures when unemployment goes through the roof and resulting benefit payments are to be made?
    What happens when you suck at creating the conditions for a strong economic recovery and then on top of that you raise taxes and increase regulations and government mandates? You get the shitty Obama economy. Suck harder Hondo.

    I agree Medicare part D sucks but the plan the Rats wanted was even more expensive and your phony tears now over how much it costs when you're currently advocating for "free" healthcare for everyone ring a little hollow.
  • MikeDamoneMikeDamone Member Posts: 37,781
    2001400ex said:

    SFGbob said:

    2001400ex said:

    2001400ex said:

    Sledog said:

    Sledog said:

    So 75% to go to hit hero status like Obama?

    What an insane misunderstanding of government finances
    Yeah Obama basically doubled the debt he inherited by spending more than all previous presidents combined. So if Trump increased by 25% how much more would it take to double it from the number he inherited?
    Please understand the difference between the debt and the deficit before commenting.
    Not to mention. Decreased revenues from the recession was a large contributing factor to the increase in debt and large deficit during Obama's first few years.
    Ummmmmm....have you looked at revenues vs expenditures from 2008-2016? The majority of the debt was due to expenditures. Revenue fell slightly in 2008, was off 17% in 2009 and has been steadily climbing since to what will be a record 3.44 trillion this year. Up 61% in 10 years. US population is up 8% in that timeframe. Revenue isn’t, nor has it been the “large contributing factor” to the debt.

    Cue the “but the tax cuts were SOLD as...blah blah blah”. Fuck off.
    I didn't say majority. I said a large contributing factor. And it took until. 2013 for revenues to be higher than 08.

    https://www.whitehouse.gov/wp-content/uploads/2019/03/hist01z1-fy2020.xlsx
    That speaks more to the shitty Obama economy than anything else. What would have happened to the budget deficit if we had just reduced spending in 2012 to what we spent in 2007?
    What would have happened to the budget is we didn't pass Medicare part D without funding it?

    What happens to expenditures when unemployment goes through the roof and resulting benefit payments are to be made?
    Federal unemployment benefits aren’t a huge impact at all at on the debt. Most of the unemployment compensation is at the state level. At the federal level it is a nit and most years operates in the black. In the recession they certainly provided more compensation, but it would barely move the needle in the total annual deficit. The Federal government did help the states with UC in the form of loans. But you’re fantasy of unemployment driving the deficit in any meaningful way is bullshit. They spend too much in other areas...but it’s isn’t unemployment.

  • ApostleofGriefApostleofGrief Member Posts: 3,904
    The GOP is a sick and insane party
  • MikeDamoneMikeDamone Member Posts: 37,781

    The GOP is a sick and insane party

    Good argument. Persuasive as fuck.
  • ApostleofGriefApostleofGrief Member Posts: 3,904

    The GOP is a sick and insane party

    Good argument. Persuasive as fuck.
    The sick part is mostly loyalty to an idiotic dictator. The insane part is partly pretending to be conservative while running up the deficit recklessly with unsound plans.
  • MikeDamoneMikeDamone Member Posts: 37,781

    The GOP is a sick and insane party

    Good argument. Persuasive as fuck.
    The sick part is mostly loyalty to an idiotic dictator. The insane part is partly pretending to be conservative while running up the deficit recklessly with unsound plans.
    So you don’t have an argument. Got it.
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