What are you implying here, Tom?For all you deficit hawks here is the information on every president. Note the percentage they increased it. Consider who served 4 years and who served 8.
U.S. Budget Deficit by President
Here are the budget deficits for each president back to Woodrow Wilson. Obama had the highest dollar increase, but Wilson had the biggest percentage rise.www.thebalancemoney.com
OT: Another offshore wind farm project cancelled
- Thread starter newell138
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The average person trying to make ends meet doesn’t care about inflation in other countries—all they know is that their groceries, meals out, gas, housing prices, loans, etc have gone up a lot since 2021.
You didn't answer the question, as usual. That word makes all the difference. Or are you arguing that all immigration is bad?
I can't tell you exactly what's going on at the border, and I'm skeptical of what's reported because it's so politicized. You, no doubt, believe everything right wing media and politicians tell you. People coming to the border is not new, however. It's ludicrous to act like it is.
There are numbers reported by the govt which is led by 46. They are in the millions per year for three years. That’s what’s going on and you know it. Stop your nonsense.
See? I didn’t stutter on what type of immigration. You still have to respond to my last comment to you on fascism. But I’ll look back at your other questions in your nonresponse to my immigration question, but if I recall them I believe the answer is no.
--Remember when Libs supported the First Amendment? Pepperidge Farms remembers. As for your blanket statement , show your work.
Bill Clinton, hero of the left, says hello.
See above, Bill Clinton says hello again.
Jimmy Carter says hello.
Unemployment declined under Pres. Trump.
Hillary and Clinton says hello from Whitewater. Unfortunately, most of the key people are mysteriously dead and can't talk about it.
????????
What about TV stations that rehire legal analysts who got caught masturbating with their pants off while on the air (or was it a Zoom call)-either way does not matter.
Or who continued to employ a misogynistic host who got multiple passes because he checked two boxes.
Rachel Maddow says hello.
So does Joyless Reid.
How about in a garage?
Or defending your loser son and putting your thumb on the scales to keep getting him off.
No comment. Bad look. You finally got one! Congrats.
Bending over for Xi, and getting abused by leaders worldwide is not a good look.
You people on both sides are hilarious. This is shaping up to be two worse choice than 2016. But keep ignoring your own candidate's faults and highlighting the others.
RFK Jr has some pretty good ideas, but the problem is that he is absolutely bonkers on too many issues.
Great choices we have.
Like you just did? Deal with it whiny snowflake. Your side does it all the time.
Still waiting for substantive responses from you—probably will be waiting forever
Even in an area you claim to be a 30 year studied expert, you craft a tidy definition/narrative to fit your ideology. Like Blutarksi, there goes 30 years of college down the drain.
he's an absolute moron and you'll be dumber for engaging him
Scroll back to long post on fascism that you ignored once I made you look like an ignorant fool on the subject. Dunce Cap for you tonight.
That deficits are not unique to one party but we hear a lot of complaining about them when a certain party is in office.
You know you’re doing bad with the economy when you have to start comparing yourself to Europe. Keep telling yourself things are going great
I responded to that summary and thanked you for it, then asked a question that should be easy for you.
Sounds like you’re sad the economy is strong…so you really must’ve hated that 50%-better-than-‘45’-could-have-ever-conjured 3.3% real GDP growth fourth quarter too…😂
You might want to look up a guy named Dwight D Eisenhower and ask yourself if he’d be a MAGA hat.
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The GDP is a completely manipulated number inflated by large government spending. Of course GDP is “great.”
The economy isn’t doing well. People can’t afford stuff. The economy is working for the upper class. Meanwhile the middle class can barely afford groceries. Keep telling yourself that things are okay
“I can’t tell you exactly what is going on at the border” said Mr. Magoo
Well W Bush screwed with the federal surpluses by starting wars in order to accrue political capital and we will struggle to get out from under that trajectory until a little billionaire austerity happens (and them simply paying taxes they already owe would be an improvement as the unpaid “tax gap” has soared in recent years).
This is all that matters to the average person (from ABC News recent poll, so not a right leaning source):
“Broad economic discontent is a key force in current political attitudes. Given 2022's 40-year high in inflation, just 13% of Americans now say they've gotten better off financially since Biden took office; 43% instead say they're not as well off, a point from the 37-year record set in September. For comparison, in the middle of Trump's term in office, just one-third as many people, 13%, said they were not as well off.”
Maybe people just need a good lecturing and they’ll come around.
I have no affinity for billionaires, but how much can you really expect to get from them collectively in any year? Sure, it will make some people feel better but it probably will be a blip in overall tax revenue.
Wages are definitely lagging due to the inflation spike of 22 but are now catching up. Just know that billionaires are lending to the US government by buying Treasuries while they simultaneously “invest” in Bitcoin because federal deficits are definitely a big problem and threaten the currency.
After this thread, it's gonna' be awkward in the stands at the RAC next game...
I usually use the term mega-millionaires and there are actually quite a few households in that category in this country. Tax cuts by W and Trump were huge in dollar terms to mega-millionaires. I agree with you that the middle class gets screwed today so I was very happy that the Dems even got former Bernie bro Fetterman to say that middle class taxes should be lowered…and there is no big push for Medicare for all. I’m not a fan at all of adopting the British health-care model although other European nations offer some decent ideas which could bring the outrageous costs down in the US. I can’t believe people bother to complain about gasoline when they are paying 10X what they pay for gas in healthcare every year.
Remember when they said the adults were in charge again? Not a good look, and very dumb post.
Reasonable center-left takes, so much appreciated. So allow me to react from a center-right view. Average people only really compare themselves to themselves. Those with an agenda, such as to make people feel like victims, point out what others are getting. The 2017 tax cuts helped people at the lower end more than the higher end. I believe it was 5+% after tax. So wages were going up, unemployment was going down, and they got to keep more of what they made. Unfortunately, much of the healthcare costs are the result of the ACA. So in the later 44 years, things were improving in terms of employment and wage growth, but they were being eaten up by higher healthcare costs from company plans having to be compliant with ACA, the result being higher out of pocket costs and less competition (all the hospital systems buying each other up, like RWJ Barnabas). The combination of wage growth and tax cuts under 45 got people back to even and then in the black again. My hope with any of these discussions is not to change anyone's point of view, but to show that there are equally compelling facts from the opposite perspective.
I am hoping (dreaming?) to see more exchanges like this convo between KnightOwl and WasAtRutgers in the future. Silly, I know...
Ehhhh isn't this just sarcastic mocking here? I think the one guy is mocking the fact that any time someone young would get hurt or die, the wackadoodles would blame the vaccine.
Yup the same Europe that struggled much more significantly from higher energy inflation being on the frontline of the Russia-Ukraine war, is suffering markedly from the China slowdown, and, as usual, is paying the price of their socialist-lite labor laws that handcuff businesses. Btw the WaPO article is actually a fairly balanced analysis, some highlights:
- The origins of this (U.S.) doom-defying performance can be traced to lawmakers’ swift response to the coronavirus pandemic in March 2020. Before the month had ended, Congress approved more than $2 trillion in help for the economy as businesses closed and 17 million Americans lost their jobs.
- But the principal force behind today’s robust economy lies in fiscal policy, the use of government spending and taxation to boost growth. Under two presidents — one Republican and one Democrat — lawmakers opted to bathe the economy in cash to ward off the coronavirus.
- All of that government spending — the stimulus checks, the loans to small businesses and the expanded unemployment benefits — added up to an astonishing 25.5 percent of gross domestic product, according to the International Monetary Fund.
- Major European and Asian nations spent significantly less. In Germany, the government devoted 15.3 percent of GDP to battling the pandemic. France spent 9.6 percent and Italy 10.9 percent. Even Britain, which comes closest to American economic views, lagged far behind the United States with 19.3 percent of GDP.
- “The scale of fiscal support for the U.S. economy was an order of magnitude greater than in Europe,” said Neil Shearing, chief economist for Capital Economics in London.
- The final burst of coronavirus relief, the $1.9 trillion American Rescue Plan in early 2021, while boosting growth, is widely regarded as having contributed to the surge in prices that lifted inflation to a 40-year high of 9.1 percent.
- The United States benefited from free-spending, fast-moving policy. But Europe suffered from being closer to the front lines of Russia’s war on Ukraine. Before the conflict erupted in February 2022, countries such as Germany depended on Russia for much of their natural gas needs. The war caused a huge spike in prices for food, fuel and fertilizer, causing inflation in the euro area to rocket.
- Europe’s response to the economic crisis generally required businesses that received government help to keep their workers on the payroll. Whereas Americans were laid off but then aided by unemployment and stimulus checks, Europeans were kept on the job. That spared them the uncertainty of labor market limbo but often locked them into jobs that were not needed in the post-pandemic world.
Probably not an advisable tweet from a health authority, but the smily emoji at least gets it to be tongue in cheek.
politics aside, the economy is not great and it's both parties fault and the Fed has culpability. This isn't a single party issue by any stretch. we've pockets that are good and pockets that are bad and the only thing keeping it propped up is gov't and fed accomodation (much of which many don't even understand as it relates to dollar swap line with foreign central banks that help keep us afloat)
the stock mkt is not the economy and runs on different variables with a huge invisible hand:)
the stock mkt is not the economy and runs on different variables with a huge invisible hand:)
You mean the President that was in office during a once-in-a-century global pandemic and signed truly bipartisan covid relief packages?For all you deficit hawks here is the information on every president. Note the percentage they increased it. Consider who served 4 years and who served 8.
U.S. Budget Deficit by President
Here are the budget deficits for each president back to Woodrow Wilson. Obama had the highest dollar increase, but Wilson had the biggest percentage rise.
Yes our massive deficit-spending will certainly bite us in the azz, actually already is with the locked-in price increases and high interest rates.
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To be fair, 43 did run up deficits on wars that went beyond their initially intended purpose, and 44 did have a once in a century financial crisis to deal with. One can argue whether those monies could be spent differently, but most reasonable people would acknowledge that those initial Covid relief packages were necessary even though some bad actors were able to take advantage of them.
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