Budget Deficit (numbers in parentheses mean surplus)
Under Jimmy Carter
1977: $54B
1981: $79B
Change: +46.2963%

Under Ronald Reagan
1981: $79B
1989: $153B
Change: +93.6709%

Under George H.W. Bush
1989: $153B
1993: $255B
Change: +66.6667%

Under Bill Clinton
1993: $255B
2001: ($128B)
Change: -150.196%

Under George W. Bush
2001: ($128B)
2009: $1.413T
Change: +1,203.91%

Under Barack Obama
2009: $1.413T
2017: $665B
Change: -52.937%

Under Donald Trump
2017: $665B
2021: $3.132T
Change: +370.977%

Under Joe Biden (thus far)
2021: $3.132T
2023: $1.70T
Change: -45.7216%

Yes, deficits are a problem. Creative accounting solutions are a problem. Government waste is a problem. It is a problem regardless of which party or which person is in charge. It is a common theme that supporters of one side or the other point to failings on the other side as justification for their own mismanagement. In essence, it's OK if my side steals because your side steals too. It's OK if my side wastes maney, because your side wastes money too. It's OK if my guy commits criminal acts because yours commits criminal acts too.
Deficits are a problem, if only because they demonstrate the inability of governments to make choices to benefit the country over feathering their own nest. Of course, this is true of the electorate as well. We cheerfully accept government largesse, even though we don't need it. We make excuses for ourselves and for our political party of choice.
I have often asked, just how do you think JFK's exhortation to "ask not what your country can do for you, but ask what you can do for your country" would play today? To democrats? To Republicans? The answer is this, it wouldn't play at all. Regards, Bill

In shaky times, pay off debt and invest in the tools of your trade.

Govt is too big. Spends too much money and should stop borrowing money to keep on spending.

quote:

Originally posted by Aspen Hill Adventures:
Govt is too big. Spends too much money and should stop borrowing money to keep on spending.

You didn't speak out when Trump increased it 370%.

Deficits only matter when Repugs are not in power I guess.

Read the article,
Debunking Bidens deficit Claims
by mathew dickerson

quote:

Originally posted by Aspen Hill Adventures:
Govt is too big. Spends too much money and should stop borrowing money to keep on spending.

Yep. Doesn't matter which party.


.

quote:

Originally posted by JTEX:

quote:

Originally posted by Aspen Hill Adventures:
Govt is too big. Spends too much money and should stop borrowing money to keep on spending.

Yep. Doesn't matter which party.


.

Why do Republicans only care under Democrats, who bring it down?

Never hear from them when they are voting tax cuts for rich people under Republican Presidents.

quote:

Originally posted by Jefffive:

quote:

Originally posted by JTEX:

quote:

Originally posted by Aspen Hill Adventures:
Govt is too big. Spends too much money and should stop borrowing money to keep on spending.

Yep. Doesn't matter which party.


.

Why do Republicans only care under Democrats, who bring it down?

Never hear from them when they are voting tax cuts for rich people under Republican Presidents.

Every time we have tax cuts govt revenue increases.....the free market works......

Socialists don't like free markets....

quote:

Originally posted by JTEX:

quote:

Originally posted by Jefffive:

quote:

Originally posted by JTEX:

quote:

Originally posted by Aspen Hill Adventures:
Govt is too big. Spends too much money and should stop borrowing money to keep on spending.

Yep. Doesn't matter which party.


.

Why do Republicans only care under Democrats, who bring it down?

Never hear from them when they are voting tax cuts for rich people under Republican Presidents.

Every time we have tax cuts govt revenue increases.....the free market works......

Socialists don't like free markets....

That's a lie peddled by those who benefit from tax cuts for the rich, that's why deficits go up under Republicans, Einstein.

We steal but they steal too. We cheat but they cheat too. We waste but they waste too. We put our nation in a hole, but they do it too. Awesome. The future looks bright. Regards, Bill.

quote:

Originally posted by Bill Leeper:
We steal but they steal too. We cheat but they cheat too. We waste but they waste too. We put our nation in a hole, but they do it too. Awesome. The future looks bright. Regards, Bill.

Look at the numbers, every Democrat since Reagen has reduced the deficit, and Clinton achieved a surplus that Bush the Lesser immediately squandered.

The numbers are pretty much meaningless except to show that generally both parties spend too much. The op chart is of deficit in the years stated, not the debt, nor the cumulative amount of debt for an administration.

quote:

Originally posted by MFH:
The numbers are pretty much meaningless except to show that generally both parties spend too much. The op chart is of deficit in the years stated, not the debt, nor the cumulative amount of debt for an administration.

You've discovered the difference between deficit and debt.

I'm well aware of the difference. It appears to me the original post was made to give the illusion that there was a reduction. While as stated there may have been a lower deficit in a given year, i would not call it a reduction.Lower in a given year, yes, but not a reduction in the only important issue, that being debt. A bit of a spin, but obvious enough to see.

Deficits are a problem. Large public debt is a problem.

Allowing politicians to create debt for things less than an all out war has resulted in this problem.


In 2021, the budget was 4.83-7 trillion - that they can’t give a simple answer says a lot…

The deficit was 2.77 trillion.

Tax revenues were 4.0 trillion.

Interest on the debt was 352 billion (.35 trillion).

The government plays all kinds of accounting games here as well.

But that we are accruing debt at over half of our total revenue income is wrong.

You can’t solve that kind of spending by tax increases. You also can’t solve it by just cutting spending without cutting programs that are very intertwined with the economy.

The voters made it obvious that they don’t vote based on fiscal responsibility as a whole. They want freebies and spending in their areas for supporting candidates.

If it’s considered a good sign that your debt to income is 15%, and the USG is at 122.9%, we have a problem, especially as the largest portion of the expenditures are income transfer and not in any way an “investment” in the country.

quote:

Originally posted by MFH:
The numbers are pretty much meaningless except to show that generally both parties spend too much. The op chart is of deficit in the years stated, not the debt, nor the cumulative amount of debt for an administration.

The total tax revenue figure is missing from the table.

quote:

Originally posted by Jefffive:
Budget Deficit (numbers in parentheses mean surplus)
Under Jimmy Carter
1977: $54B
1981: $79B
Change: +46.2963%

Under Ronald Reagan
1981: $79B
1989: $153B
Change: +93.6709%

Under George H.W. Bush
1989: $153B
1993: $255B
Change: +66.6667%

Under Bill Clinton
1993: $255B
2001: ($128B)
Change: -150.196%

Under George W. Bush
2001: ($128B)
2009: $1.413T
Change: +1,203.91%

Under Barack Obama
2009: $1.413T
2017: $665B
Change: -52.937%

Under Donald Trump
2017: $665B
2021: $3.132T
Change: +370.977%

Under Joe Biden (thus far)
2021: $3.132T
2023: $1.70T
Change: -45.7216%

LMAO, this shit is comical.

Clinton, raided social security and stuffed it with IOUs. None of them fixed a damn thing and both parties spend like drunken sailors. I wish you idiots would stop posting this kind of B.S.

quote:

Originally posted by MFH:
I'm well aware of the difference. It appears to me the original post was made to give the illusion that there was a reduction. While as stated there may have been a lower deficit in a given year, i would not call it a reduction.Lower in a given year, yes, but not a reduction in the only important issue, that being debt. A bit of a spin, but obvious enough to see.

So compare it to the GOP administrations.