MajorRewrite
Iffy
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You: “Blame Congress.”
Me: “Republicans controlled the House and Senate.”
You: “Both parties …”
Me:
Trump ran up national debt twice as much as Biden
- Thread starter adrina
- Start date
You: “Blame Congress.”
Me: “Republicans controlled the House and Senate.”
You: “Both parties …”
Me:
icanhelp1
Literotica Guru
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https://budget.house.gov/press-rele...oon-for-americas-economy-and-working-familiesYou: “Blame Congress.”
Me: “Republicans controlled the House and Senate.”
You: “Both parties …”
Me:
The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.
We have an unhealthy spending problem and both parties are complicit. Deficit spending is off the charts. Never mind paying down the debt.
MajorRewrite
Iffy
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So your argument is Trump’s record deficits don’t matter because … CBO economic predictions were too conservative?
That’s a wonderfully dumb argument. Congratulations.
Trump’s massive deficits are real. Acceptance of reality is your first step toward mental stability.
adrina
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Traitor, the article directly states that. The finding is still that Trump and the GOP hiked up the debt more than Biden and the democrats.
And you still support Trump and the GOP..
Were you born this stupid or is it a result of breathing in Trump's bullshit for the past years?
It’s a good thing your fries aren’t going to put us in deficit spending.
So your answer is to bring in the Orange Jesus for another try at it and possibly keep the legislature under the control of the Republican’ts?
Stick with your fries, you seem to be good at that.
adrina
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Traitor taters up!
Ohhh… that might be catchy. You think he could take it on the road and be the official traitor tater vendor at the rallies?
I’m sure his Orange Jesus will want at taste…
adrina
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It is very weird that the traitor is defending the tax cuts that raised the debt by $8T. And of course he didn't mention that more than half of the tax breaks went to stock buybacks.
Comprehension isn’t high with him. If it’s not in the first paragraph he most likely missed it.
icanhelp1
Literotica Guru
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Of course navigating through the worst pandemic in a hundred years, spending to keep our economy from crashing into a depression is not even close to where Biden inherited a v shape recovery.
adrina
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Trump inherited the longest running period of job growth. He threw it away with both hands.
Who the fuck are you kidding traitor you didn't support any of that spending.
icanhelp1
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He extended that job growth. Then covid hit.
You need to change into your bobble head because the one on your shoulders is out of commission.
Bn2f
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The economy slowed under Trump; his inept pandemic response ensured its collapse
https://thehill.com/opinion/white-h...andemic-response-ensured-its/?nxs-test=mobile
adrina
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Bn2f
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Doubtful.
There are pillows to ease pressure on his knees and it’s clear his esophagus has no gag reflex.
BabyBoomer50s
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Trump deserves to be harshly criticized for the $5.9 trillion in net new spending that occurred on his watch. Biden deserves to be harshly criticized for the $4.3 trillion in net new spending that’s occurred so far on his watch. Republicans and Democrats in Congress deserve to be harshly criticized as well.
The federal government has been collecting an average of 17% of GDP for 50 years while spending an average of 21% of GDP and since Covid hit, spending has spiked to 24%. The US has a spending problem.
I don’t excuse either president for their reckless spending behavior but to those who want to try and argue that Biden is somehow less culpable than Trump, the CFRB report referenced in the Axios article points out that 77% of Trump’s approved spending came from bipartisan legislation while only 29% of Biden’s came from bipartisan legislation. More significantly, Trump’s executive actions added less than $20 billion to the ten year debt while Biden’s executive actions added $1.2 trillion. His student debt forgiveness alone has cost $620 billion so far, all without congressional approval.
From the CRFB report:
The full report can be found here:
Trump and Biden: The National Debt-Mon, 06/24/2024 - 12:00 | Committee for a Responsible Federal Budget
The federal government has been collecting an average of 17% of GDP for 50 years while spending an average of 21% of GDP and since Covid hit, spending has spiked to 24%. The US has a spending problem.
I don’t excuse either president for their reckless spending behavior but to those who want to try and argue that Biden is somehow less culpable than Trump, the CFRB report referenced in the Axios article points out that 77% of Trump’s approved spending came from bipartisan legislation while only 29% of Biden’s came from bipartisan legislation. More significantly, Trump’s executive actions added less than $20 billion to the ten year debt while Biden’s executive actions added $1.2 trillion. His student debt forgiveness alone has cost $620 billion so far, all without congressional approval.
From the CRFB report:
- Roughly 77 percent of President Trump’s approved ten-year debt came from bipartisan legislation, and 29 percent of the net ten-year debt President Biden has approved thus far came from bipartisan legislation. The rest was from partisan actions.
- President Trump approved $2.2 trillion of debt in his first two years in office and $6.2 trillion ($2.6 trillion non-COVID) in his second two years. President Biden approved $4.9 trillion($2.9 trillion non-COVID) in his first two years in office and has so far approved over $600 billionof net ten-year deficit reduction since.
- President Trump approved $5.9 trillion of net spending increases including interest ($2.8 trillion non-COVID) and $2.5 trillion of net tax cuts ($2.0 trillion non-COVID). President Biden has approved $4.3 trillion of net spending increases including interest ($2.3 trillion non-COVID) and roughly $0 of net tax changes ($60 billion revenue increase non-COVID).
- Debt held by the public rose by $7.2 trillion during President Trump’s term including $5.9 trillionin the first three years and five months. Debt held by the public has grown by $6.0 trillion during President Biden’s term so far.
- President Trump’s executive actions added less than $20 billion to ten-year debt on net. President Biden’s executive actions have added $1.2 trillion to ten-year debt so far.
- The President’s budget was on average 39 dayslate under President Trump and 58 days late under President Biden.
The full report can be found here:
Trump and Biden: The National Debt-Mon, 06/24/2024 - 12:00 | Committee for a Responsible Federal Budget
carlsnap12
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I have never seen a bigger cesspool for brain dead liberals. This forum is amazing. I wouldn't even know where to begin fixing some of the broken brains around here.
BrightShinyGirl
Abusive Little Bitch
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Humor us. Start trying to "fix" us.
DeluxAuto
AntiSocial Extrovert
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Facts are very confusing to dumbfuck MAGAts like yourself. You couldn't fix toast, bitchtits.
carlsnap12
Experienced
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Thank you for confirming my point.
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