Imaginos1892 wrote:Daryl wrote:with Trump increasing the debt rapidly
He's got a long ways to go to catch up with 0bama. $13 trillion in 8 years.
There you go pulling numbers out of your ass again. Good thing numbers have no mass or volume so you can fit them all up there.
Total dept held by the public as of the end of January 2009, right after Obama assumed office, was ~6.317 Trillion
Total debt held by the public as of the end of January 2017 right after Trump assumed office was ~14.376 Trillion
Total debt added under Obama: ~8.059 Trillion. Which is a LITTLE off from 13 trillion.
And then there is the small detail that Obama stepped into office being handed a deficit of nearly 1.2 Trillion dollars a year and an economy in a state of utter implosion. Skyrocketing unemployment, collapsing financial and housing markets, cratering tax receipts, stock market in free fall... of course the debt went up under those conditions. There was no other possibility.
Trump on the other hand was handed an economy at near full employment, in the middle of one of the longest uninterrupted periods of expansion in US history, a record stock market, and a deficit that had been reduced by over 600 billion dollars a year WHILE doing all of that repair work.
And he immediately started undoing it and running the deficit right back higher again to give himself and his rich buddies a massive tax cut they sure as hell do not need. So we are WAY past the time when any GOP supporter can pretend they actually give a crap about the debt, deficit, or "fiscal responsibility". This is a cycle on endless repeat.... the GOP get power and explode the deficits, the Democrats get power and move towards balanced budgets but since they are starting from a point where the treasury is bleeding money the GOP wails and screams about how the debt is climbing, then the GOP gets power and explodes the deficits again while saying things like "deficits don't matter" right up until the second a Democrat is in office again.
Reagan/Bush Sr: Exploded deficit.
Clinton: Reduced deficit.
Bush Jr: Exploded deficit.
Obama: Reduced deficit.
Trump: Exploded deficit.
So spare us any faux concern over the debt while supporting the people who are far and away most responsible for running it up.