I seem to remember you, early on in the Obama administration, claiming that deficits would continue to skyrocket, that we'd be paying nearly our entire GDP in interest payments, etc. Well, guess what? Not only was that something that hadn't happened yet - it was only something between your ears at the time... it was also a bad prediction. barfo
Something between the ears Denny.....it's called the brain...I don't get how you can read an article that's pretty much just mapping out possibilities and connecting dots between these folks and come back with......it didn't happen, something between someone's ears.....it's an interesting article..worth a read
Deficits DID skyrocket. That's an indisputable fact. The budget was a matter of public record. There is no public record of some illicit deal involving Sprint and T-Mobile.
Between someone's ears means VIVID imagination. Not only that, it's pure and simple fear mongering. It's effective, too, based upon all the tweets being posted here (and obviously on twitter). I did read the article. Didn't at all suggest it's anything but.
And then they reversed course and came back down. Which was not at all what you predicted. Your predictions were pure and simple fear mongering. barfo
The deficit most definitely did reverse course, as the graph you posted clearly shows. That's what the big downward pointing arrow from 2009 to the present day indicates, along with the legend "deficits fell 66%". And you know the debt is not the same thing as the deficit. If you want to predict that deficits will rise under Trump... be my guest. They fell sharply under Obama. barfo
What's the big upward arrow from 2015 into the future? D'oh? The deficits fell sharply under the republican congress. If Obama had his way, he'd have spent us much further into debt. http://www.wsj.com/articles/another-obama-parting-gift-1472248987 Another Obama Parting Gift His final fiscal year federal budget deficit will increase by 35%. As President Obama ends his second term, he’s leaving plenty of political parting gifts. The latest is a 35% single-year increase in the federal budget deficit, and a rising trajectory of spending and debt as a share of the economy. Hillary Clinton’s campaign promise of more “stimulus” spending next year suddenly looks a lot more politically problematic. That’s the story you haven’t read from the Congressional Budget Office’s latest fiscal and economic outlook released this week. For the 2016 fiscal year that ends next month, CBO now forecasts that revenues will rise by only $26 billion while outlays will increase by some $178 billion. The federal deficit will therefore rise from $438 billion to $590 billion, the biggest deficit since 2013.
Your boy Trump and his republican friends own that. Full control of all three branches of government - whatever happens in the future is on them. barfo
It's absolutely true it's up to Republicans and Trump to solve the mess left to them by the previous administration. They get the credit if things get better, too, right? This is what your kind have cost: Your claims in the first post about this subject are simply bullshit, too. The actual claim is that the debt was going to skyrocket (it has and will continue if Obama's plans are adopted going forwards), and that a mere doubling of interest rates from 1% to 2% would crowd out a lot of what you think of as "important" government spending. Historically, interest rates have been much higher than 2%. Time bomb. Tick tock.
http://www.zerohedge.com/news/2016-...-trillion-debt-increase-third-largest-history The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936.79. That’s an increase of $1,422,827,047,452.46 over last year’s fiscal year close.
As long as we apply the same rules. If things improve on Trump's watch compared to what he was left, he should get credit, as long as Obama also gets credit for improving the mess he was left with. Or we can say that presidents have no control over the economy and should get no credit or blame. Either way is fine by me, as long as the rules are applied equally. barfo
Or you can compare how Obama's recovery was compared to every other one in modern history. 7.5 years into it, we had near 0% gdp growth.
Sure, and let's see how Trump does. If there's a recession on Trump's watch, Obama wins. If Trump gets anything near the 6% GDP growth that Mags is promising, Trump wins. barfo
