Covid spending did not start until 2020
Biden expected to announce $10,000 student loan forgiveness
- Thread starter Tony Stark
- Start date
Covid spending did not start until 2020
Reagan came into office with a 79 billion dollar deficit and left with a 220 billion dollar deficit
Clinton came into office with a 200 billion dollar deficit and left with a 250 billion dollar surplus
Bush came into office with a 250 billion dollar surplus and left with a 1.2 trillion dollar deficit
Obama came into office with a 1.2 trillion dollar deficit and left with a 600 billion dollar deficit
Trump came into office with a 600 billion dollar deficit and left with a 3 trillion dollar deficit
Dems aren't perfect but I trust them far more than republicans and the above numbers show why.
Hah! I think you could use a college degree. You might find your understanding of finance changes with some education.
For the record taxes are no different than any other expense in a household or business. As a matter of fact it’s your first expense! You receive goods and services in exchange. Roads, police, health etc etc.
A tax cut is no different than student debt relief.
If you have $1,000,000 in revenue and $1,000,000 in expenses and you suddenly cut revenus to $800,000 you now have a $200,000 deficit.
Someone has to pay for that...or you go bankrupt... so you go out and borrow money which has to be paid back.
I forgot how dumb people are about finance...
Cut the spending. Can you comprehend that concept?
The money's going over to Ukraine. It's being pissed away on windmills. Cut the spending.
Tough to cut the spending on Ukraine when both the Senate and the House agreed on giving a ton of money / weapons to Ukraine...it was bipartisan approval along with them standing up together in support.
Going forward...with threats of more inflation, recession, and such...more money going to Ukraine shouldn't be on the table.
In comparison, the prior administration spent a lot more money but I don't remember an uproar about it but maybe because we didn't have high inflation, threat of an recession plus financially supporting Ukraine against Russia.
wrbtrader
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He cannot.