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Biden Increased the Deficit, Not Reduced It

Trump's not relevant. Biden overspent and laughed off inflation for months. We are where we are now and will have to deal with it.
Sometimes a tough situation is a tough situation and there are no easy, perfect answers. This administration is trying to navigate between the economy and inflation. It doesn't look like there's any way to keep a hot economy and ease inflation. It's got to be a juggling act between the two.

So the only time to be a tough critic like you're being now is when you know a much better way to handle a tough situation. So do you have such a way? Or are you just trying to make hay out of a tough situation to put the GOP back in power so they can go investigate Hunter Biden's laptop some more?
 
Sometimes a tough situation is a tough situation and there are no easy, perfect answers. This administration is trying to navigate between the economy and inflation. It doesn't look like there's any way to keep a hot economy and ease inflation. It's got to be a juggling act between the two.
Yeah, the mistake was in overstimulating the economy in the first place. He was warned at the time by lots of economists - many from his own party. Democrats laughed it off.

So the only time to be a tough critic like you're being now is when you know a much better way to handle a tough situation. So do you have such a way? Or are you just trying to make hay out of a tough situation to put the GOP back in power so they can go investigate Hunter Biden's laptop some more?
See above.
 
Yeah, the mistake was in overstimulating the economy in the first place. He was warned at the time by lots of economists - many from his own party. Democrats laughed it off.


See above.
Actually, nothing to react to = overreaction. Where are the threads by critics of democratic party administration defending the poor economic
performance, educational achievement, and draconian criminal "justice" in the thirty two states with republican legislatures compared to the performance in those three areas in states under democratic party governance?

Published: Dec. 12, 2022 at 2:06 p.m. ET
By Greg Robb
"The numbers: The U.S. federal budget deficit widened to $248.5 billion in November, up from $191.3 billion in the same month last year, the Treasury Department said Monday.

For the first two months of the fiscal year, the deficit narrowed to $336.4 billion, down from $356.4 billion in the same period last year.

Key details:
In November, government receipts fell while spending increased, the department said.
Receipts were down $29 billion to $252 billion from a year ago while outlays rose $28 billion to $501 billion.
Interest on the federal debt was $48 billion higher over the first two months of the fiscal year than from the same period a year earlier. The Federal Reserve’s rapid increase in interest rates is leading to higher interest payments.
Tax refunds were $12 billion higher over the same period as the Internal Revenue Service continued to work through a backlog of individual tax returns.
There were no remittances to the Treasury from the Fed in November after $8 billion was sent in the same month last year. Higher short-term interest rates have raised the U.S. central bank’s interest expenses above its income.
Big picture: The deficit fell sharply to $1.4 trillion in the 2022 fiscal year from $2.8 trillion in fiscal 2021. Outside experts that the reduction was due to shrinking or expiring COVID-19 relief. Economists think the deficit is likely to shrink slightly this year, but there is a risk that spending might jump if the economy slides into a recession."


High court upholds life sentence for Mississippi man convicted ...

https://www.kplctv.com › 2022/06/17 › high-court-uphol...
Jun 17, 2022 — JACKSON, Miss. (WLBT) - A man sentenced to life in prison on a marijuana possession charge has lost his appeal in the state's highest court.

Mississippi court upholds life sentence for pot possession

https://apnews.com › article › mississippi-0e463c390be...
May 12, 2021 — Allen Russell, 38, was sentenced to life in Forrest County in 2019 after a jury found him guilty of possession of more than 30 grams (1.05 ...

....

States of Incarceration: The Global Context 2021

Criminal justice policy in every region of the United States is out of step with the rest of the world.
www.prisonpolicy.org
www.prisonpolicy.org
World Incarceration Rates If Every U.S. State Were A Country
Louisiana 1,094
Mississippi 1,031
Oklahoma 993
Georgia (State) 968
Arkansas 942
Alabama 938
Kentucky 930
Arizona 868
Texas 840
Florida 795
Massachusetts 275

Massachusetts has 1/4 the per capita incarceration rate of Louisiana
https://www.bostonglobe.com › 2021/12/07 › metro › sho...are down in Boston this year ..
Dec 7, 2021 — Total shooting incidents also were down, from 224 last year to 163 this year. Overall, what police refer to as Part 1 crime, which includes .
 
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Trump's not relevant. Biden overspent and laughed off inflation for months. We are where we are now and will have to deal with it.
As the second chart in post #98 shows, the government under Biden is spending less than the government under Trump spent in 2020. But to address your attack on Biden, where is Biden's huge spending spree?
 
Yeah, the mistake was in overstimulating the economy in the first place. He was warned at the time by lots of economists - many from his own party. Democrats laughed it off.


See above.
What overstimulating the economy? Your federal government put forth a program to rescue Americans hurt by job loses due to Covid. I suppose you'd prefer Americans to be in dire straights. In any case, inflation was caused predominately from unavailability of product -- that's still occurring since China, a leading supplier, has its own manufacturing difficulties.
 
Yeah, the mistake was in overstimulating the economy in the first place. He was warned at the time by lots of economists - many from his own party. Democrats laughed it off.

That was also a tough call, don't you think? It was walking a razor's edge between making sure people don't end up on the street starving vs avoiding inflation. I don't think any economist anticipated the economy would roar back to life THIS quickly THIS much. If he had not provided stimulus like Trump and people did suffer and end up on the streets, guess who would be the first person telling us that THAT was his big mistake, and he should have just done what Trump was doing and providing stimulus?

I just get the feeling you are trying to find fault with something Biden did, anything- and make anything that didn't go perfectly in recovering from the worst pandemic in a century sound like he made some obvious huge dumb mistake. I don't get the feeling you are engaged in fair or honest good-faith debate in acknowledging the true depth or difficulty of the problem, and the difficulty in digging out of it.

All countries on the planet are facing inflation coming out of the pandemic. No it's not all because of Biden's last set of stimulus payments.
 
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So what makes you think it's not?

The CBO. The deficit is higher than pre pandemic.

2016 -584.7
2017 -665.4
2018 -779.1
2019 -983.6
2020 -3,132.4
2021 -2,775.3
2022 -1.4T

And its only going to get worse thanks to trillions in new spending that Biden signed, if nothing changes.


1671116447693.png
 
The CBO. The deficit is higher than pre pandemic.

2016 -584.7
2017 -665.4
2018 -779.1
2019 -983.6
2020 -3,132.4
2021 -2,775.3
2022 -1.4T

And its only going to get worse thanks to trillions in new spending that Biden signed, if nothing changes.


View attachment 67427117
Ask Republicans what their solution is and they say tax-cuts.
 
The CBO. The deficit is higher than pre pandemic.

2016 -584.7
2017 -665.4
2018 -779.1
2019 -983.6
2020 -3,132.4
2021 -2,775.3
2022 -1.4T

And its only going to get worse thanks to trillions in new spending that Biden signed, if nothing changes.


View attachment 67427117
Biden has not only reduced the deficit, but cut it in half. Reduced it by more than any other administration in US history.
 
2016 -584.7
2017 -665.4
2018 -779.1
2019 -983.6
2020 -3,132.4
2021 -2,775.3
2022 -1.4T
So, compared to prepandemic levels, the deficit is was about 500bn higher. CBOs prediction for 2023 is 1.5 trillion deficit and 2.1 trillion by 2032. And this is without passing the full BBB spending bill or Bidens latest budget which further would have increased it per their own tables.
And this is not actually Bidens fault. Sure, he signed over 5 trillion in NEW spending since he took office, which was passed without almost any Republicans in congress, but most spending is mandatory. Healthcare accounts for almost the entire deficit. Dems and Reps have both been rubber stamping continuing spending resolution bills and massive omnibus bills which increase regular spending, and doing nothing about mandatory spending which accounts for almost all of the budget.

Biden will keep saying historic deficit reduction, but this is View attachment 67418919
1671247437409.png
 
Don't deflect.
Accept that Biden has failed the country.
Trump isn't president anymore.
You're desperate and it shows.
So your litmus test for a failed Precidency is increasing the national debt.

Do you hold Presidents to the same litmus test, or just Dems ?

The Right only gives a rats arse about the debt when a Dem is President. Why is that?
 

Read the full 4,155-page, $1.7 trillion government funding bill released by Congress​



Don't you wish your Mother Russia could pass a funding bill like this?

But it can't because the Elites and oligarchs have stolen all of your money.
 

Read the full 4,155-page, $1.7 trillion government funding bill released by Congress​


Yet another omnibus because they failed to pass spending bills back in March like they were supposed to. And yet more funding increases. Im guessing most Republicans wont vote for it. But itll be rammed through without anyone reading it.
 
Well there you go, another 1.7 trillion in spending signed by Biden, passed by all House and Senate Dems, and some Senate GOP. Not a bipartisan bill no matter what the media says. Tons of pork and unrelated to spending measures. And this is just for the FY we are in the middle of because congress didnt do its job and pass spending a year ago when they were supposed to.

CBO says 4.8 trillion revenue expected this year.
Theyve already spent 1 trillion in the first two months of FY23

This will further increase the deficit by another 400bn.
 
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