You stated that the deficit went down during Obama's Presidency. That is not true. Period.
Why are you mentioning anything about applicability? You made an incorrect statement and the above post is your attempt to obfuscate.
Economists Credit Trump as Tailwind for U.S. Growth, Hiring and Stocks
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Why are you mentioning anything about applicability? You made an incorrect statement and the above post is your attempt to obfuscate.
Even using raw figures, deficits went down under Obama from end of FY09 to FY015. Period.
That's a fact.
To use raw numbers would be like using raw tax revenues or raw GDP numbers, over a period of few years, they cannot be used as a metric given how the relative conditions have changed.
Obfuscation.
Nice. Now you have a whole new definition.
You made incorrect statement period. It is an absolute fact that the deficit did not go down during Obama Presidency.
You can't be this stupid.This is a joke right?
Even using your criteria
How many attempts of obfuscation are you going to try?
The deficit went up under Obama. Period. That is an unequivocal fact.
this is utter fantasy, but popular fantasy none the less. The movie version may be released soon, watch for it in a theater near you.
Jem, I agree that there are significant differences in the Reagan and Trump cuts, however they both leave the greater part of the excess money left to circulate in the economy, i.e., the deficit, on what we call the supply side rather than the demand side. Both involve bracket collapse at the top end with very large rate decreases for the highest marginal rate. It was a bad idea when Reagan did it. It's a bad idea when Trump does it. It is not that the Republicans haven't learned anything from the results of the Reagan cuts; it's that they have learned how to capture the federal government and bend it to their own selfish interests, leaving out millions! They are very good at what they do!
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I think you are confusing the debt with the deficit. Why am I not surprised?
Really!? Not you too.
Oh yeah, the rock I've been living under. You know, my pseudo libertarian friend, that institution you so cheerfully cheerlead called the Federal Reserve is the most guilty organization by far in causing the aforementioned inequality catastrophe. By inflating assets, providing the rich a windfall, and penalizing savers and pensioners, they have contributed to the single biggest theft of our time in shifting wealth from grandma and grandpa to Wall Street, hedge funds and the rich. I am stating this from the side of the relatively well off, as one of the few percentage of people who actually own and benefit from stock prices.
But somehow it is all Trump's fault with passing a tax plan. Somehow, Trump has singlehandedly caused the massive disparity in wealth in the last 12 months or so, but Obama - who presided over the massive QE experiment of the last 8 years is blameless. As is your pal Janet and Bernanke.
If anything, at least Trump's plan gets money into the hands of the average person. It's not a lot, it's a flawed plan and most of the cuts go to the rich. I'm on record as stating that the tax plan is crap. But it's far better than the theft of the past decade of "emergency measures" at the Federal Reserve. What a joke.
This is why having a discussion with you is pointless. You're not honest. You're disingenuous. You're hypocritical. You push a narrative and pretend to care about the peasants because it is a popular view for you liberals.
But the rest of us know better.