- Dec 9, 2009
- Reaction score
- Houston, TX
- Political Leaning
The Obama administration allowed the Bush tax cuts to expire on the wealthy in 2013. Afterward, we seen true deficit reduction as revenues grew and temporary government stimulus measures waned.
I agree that the only way to get a spending freeze is through bipartisanship. The Dem's wont do it on their own.
Ha... imagine that, facts are just a bunch of liberal bull****.
You've not been able to demonstrate this claim.
My knowledge and familiarity of data and analytics is exponentially superior to that of yours. It's not even a question.
Are you saying that there wasn't record state and local revenue in 2011, 2012, 2013, 2014, 2015, 2016?
This is your warped logic. Nominal GDP growth fell from $1060 billion in 2018 to $848 billion in 2019. So by your warped logic, are we to claim the economy is doing poorly? That's been your (weak) mantra for roughly a year, when the Trump economy failed to achieve the 3% real GDP growth figure that you and all the Trump bots were projecting. After he failed you, this new shift to nominal GDP was the norm.
What do you have to say for yourself?
Yes, we agree HOWEVER that isn't what the left is even addressing as all the blame is being placed on the President. What the left is ignoring are the return on investment that American people are receiving because of the Trump economy vs. what they received prior. The point remains, it isn't the Trump spending causing the problems it is the entitlement and debt service.
The failure on your end in this regard is that everyone shares the same criteria for what drives them to the polls. Everything from ideology, to likability play factors in how people vote. You tend to project your values on everyone and assume all must think the same.
See? You present four examples of that partisan nonsense you cling to:
1) "The Left, the Left, the left!" Strange that you complain about "the left" placing all blame on the President, when for eight years (2008-2016) you people spent enormous energy seeking to place all blame on the President. If I turn FOX News on right now, will I see them feeding you this BS? The reason you continue to prove clueless is that you are stuck within the partisan game that the GOP and FOX News insists upon you.
2) Trump is not to blame for 2019's 2.3% or 2.1% (depending on how you look at it). He is merely the President at the time, which means whatever he does will only slightly hurt or only slightly improve, but nothing that will promote him as the economic Savior you people want him to be. But since you have spent years seeking ways to place the economy's recovery into solely Obama's pocket, while ignoring the GOP's officially documented conduct to actually obstruct that recovery, you are stuck having to defend Trump, who is not solely responsible for the economy. A history lesson should suffice: After the Great Depression got underway, Roosevelt and Congress began creating a safety net to inject confidence into the capitalist and democratic system. This did not fix the problem. Still, we needed a World War that demanded massive cash injections into the national system and to correct the economic melt down across Europe that hurt our recovery. Funny how we continue to use Defense to do this.
3) The use of "entitlements" is a Democrat mistake that feeds into the GOP's propaganda against "socialism," in which Conservatives don't even bother to look up. Since you pay taxes, and these taxes should be about the people, Democrats should call them "earned benefits." Perhaps the greatest display of partisan ignorance in our country comes from the fact that half of those who receive government-sponsored health care and retirement in their old age are Conservatives who are outraged about "socialism" and "entitlements."
It is, but not by much anymore on average. Excluding the recession Obama averaged 2.1%. Trump is at 2.5%. And we got it while having lower taxes on everyone and corporations.
But cut everything. You name it, Ill cut it. Lets start with a 10% across the board cut. Or just no spending increases for 5 years. Or pick anything in here that cuts spending. Im ok with even a gradual decrease over time so long as we actually get there, start to pay of the debt and stay there.
Options for Reducing the Deficit: 2019 to 2028 | Congressional Budget Office
And yet you still don't get it, Nominal dollars mean nothing to people living for today.
Again 3% growth doesn't resonate with the American people but more personal income, more state and local spending, more charitable giving does as does the trillion dollars in GDP Growth
Are you really this ignorant? Let me translate: nominal dollars or current dollars are what you like to call GDP dollars. Real GDP is adjusted for inflation. I made no reference to rGDP. You've just shown to everyone in this thread that you don't understand the terminology... and that's a signal that these discussions are well above your head.
Nominal GDP growth (or dollar growth as you say) fell from $1.06 billion to $848 billion in 2019. When that happened in 2016, you claimed the economy was lousy. What do you have to say for yourself?
Table 1.1.5. Gross Domestic Product