Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama

[Tsing Tao]

And again, by Tony/AK.

https://www.elitetrader.com/et/threads/unemployment-hits-4-year-low.260877/page-4#post-3755968

He even tells Republicans that they are judging Obama by different standards than previous
Presidents. Not that he would ever do such a thing.

 

[Tsing Tao]

https://www.bloomberg.com/news/arti...ter-growth-revised-up-to-3-signaling-momentum

U.S. Second-Quarter Growth Revised to 3% in Momentum Boost

Good job, Mr. President!!

And don't even get me started on the stock market that everyone gave credit to Obama for!! (not that the President has anything to do with that, but hey, Obama did, right??)

 

[Tony Stark]

 

[Tony Stark]

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

"Bush increased the debt 101 percent from where it started on September 30, 2001, at $5.8 trillion."



"Ronald Reagan: Added $1.86 trillion, a 186 percent increase from the $998 billion debt at the end of Carter's last budget, FY 1981."

 

[Tsing Tao]

View attachment 177352

Yes, with all those new bartenders, waitresses and other part-time jobs, Trump should be poised for success!

 

[Tony Stark]

 

[Tony Stark]

"Before Obama took office, President Bush's last budget (FY 2009) created a deficit of $1.16 trillion."


2017,Obamas last budget, the deficit is around 441 billion

"FY 2017 - The deficit is projected to be $441 billion."

 

[Tsing Tao]

I see you're tripping over yourself to defend Obama, but no one is attacking Obama here. All we're saying is that all that praise you and Spike tossed to Obama for such great economic numbers....we would have expected to see similar for Trump. That is, if you were being fair and balanced.

And deficit and debt are two different things.

 

[Tony Stark]

I see you're tripping over yourself to defend Obama, but no one is attacking Obama here. All we're saying is that all that praise you and Spike tossed to Obama for such great economic numbers....we would have expected to see similar for Trump. That is, if you were being fair and balanced.

And deficit and debt are two different things.

I am aware,I pointed it out to jem in a prior thread.Just mentioned it here because it was a damn good job turning a 1.2 trillion dollar deficit to a 441 billion dollar deficit.If Trump turns the budget around by 700 billion dollars I will give him all the credit in the world.

 

[Tsing Tao]

I am aware,I pointed it out to jem in a prior thread.Just mentioned it here because it was a damn good job turning a 1.2 trillion dollar deficit to a 441 billion dollar deficit.If Trump turns the budget around by 700 billion dollars I will give him all the credit in the world.

I would agree that turning a 1.2T deficit to a 441B one is good work. However, when your spending programs are pushing out higher spending to the outset of a 10 year mark like some entitlement programs, OR if your projections are off then it's really irrelevant in the end. Additionally, income is a big part of that, and if you've got a recovery going on and tax receipts are rising, you get the benefit of that.

Did Obama actually cut spending? Or was he President during an increase in tax receipts that actually cut the deficit for him? Do you know? I do.