Where is Trump's Balanced Budget?

[Dittohead not!]

When you start in a negative hole, implement an 842 billion stimulus program, and fail to generate more than 2.5% GDP Growth after two years of negatives, that is a disaster. Here is what good economic policy does



Keep trying to defend Obama, I know he and the radical left appreciates it and has no problem seeing your credibility destroyed

Those are some pretty impressive numbers.

Problem is, Trump is not Reagan.

 

[Dittohead not!]

Interesting what a short term attitude you have, rising interest rates mean lower stock market and the rising deficit is due to rising interest rates but don't let that reality get in the way of your Trump bashing. Still waiting for the budget line items that led to the increased deficit and Trump's spending that caused that increase. that question isn't going away so the more you blame Trump for spending the more that question is going to be posted

Who's blaming Trump for spending? He did propose some increases, to be sure, but it is the Congress that decides on spending.

What I've been talking about is Trump's promise to balance the budget, while the deficit returns once again to the trillion plus range.

 

[Conservative]

I wonder if there's one other person bias enough to agree that the "economy was coming out of recession"... :lamo:lamo:lamo

Then why don't you tell us what Obama did to bring us out of recession in June 2009 when recovery.org shows very little of his stimulus spent? Your biased partisan rhetoric and opinions defy logic, common sense, facts, and the calendar.

 

[Conservative]

Those are some pretty impressive numbers.

Problem is, Trump is not Reagan.

Trump's numbers are Reagan like and he has only been in office less than 2 years, such impatience that totally ignores the calendar

 

[calamity]

Then why don't you tell us what Obama did to bring us out of recession in June 2009 when recovery.org shows very little of his stimulus spent? Your biased partisan rhetoric and opinions defy logic, common sense, facts, and the calendar.

The irony written in the bold is something amazing to behold.

 

[Conservative]

Who's blaming Trump for spending? He did propose some increases, to be sure, but it is the Congress that decides on spending.

What I've been talking about is Trump's promise to balance the budget, while the deficit returns once again to the trillion plus range.

Projections aren't reality and with a debt this high you grow out of it, pay off the T-Bills and by cutting actual govt. spending you do reduce the deficit. Trump's first budget and already you call him a failure when very little of the 2018 deficit had anything to do with Trump

 

[Conservative]

The irony written in the bold is something amazing to behold.

Sorry but the actual data and facts don't support you or your rhetoric, but then again actual results don't resonate in your world. Why don't you tell us what Obama did to bring us out of the recession since very little if any of his stimulus was spent prior to June 2009 as the article says and recovery.org proves.

https://wallstreetpit.com/13300-what-ended-the-great-recession/

You like so many buy what you are told and have no problem letting the left make a fool out of you

 

[Far right dem]

Are you ever going to admit that you are wrong? You tout Clinton and ignore he had a GOP Congress, you tout Obama's deficit reductions that occurred with a GOP Congress, and now you blame Trump with a GOP Congress when most of the debt was inherited and created by Democrats

You state nothing but partisan opinions and ignore the actual data. Think the deficit is going to be better under Democrats? First four years of Obama Trillion dollar deficits with a Dem Congress 2009-2010 and the Dem House 2011-2012. What in your opinion is the role of Congress?

So Gop congress gets credit for obamas deficit cuts but democrats get blame for trumps spending increases even though they arent in power? Partisan hackery at its worst.

 

[Bullseye]

So Gop congress gets credit for obamas deficit cuts but democrats get blame for trumps spending increases even though they arent in power? Partisan hackery at its worst.

Well, no, not exactly. While the President is required to present Congress with a budget in April, Congress, recently has not passed it - none of Obama's was passed, nor Trump's as I recall. The House writes a budget proposal and sends to the Senate which marks it up and returns it to the House. A reconciliation committee is formed and its result is voted on by both houses and the result is sent to the President for signature. If the President's party controls one or both houses his priorities and preferences get a lot more support then if the opposing party does.

That's an extremely simplistic version of the actual process.

ETA: I forgot to mention that 60-65% of the budget is mandatory spend - entitlements and debt service, for instance, so the entire debate is about the remaining 35-40%

 

[LibDave]

Wow! He sounds like a genius, maybe a stable one at that.

Now, why is the stock market on the way down, and the deficit on the way up? Is that the fault of the Democrats?

The deficit is not on the way up. It is dropping. The market (Wall Street) has pulled back because Trump is dramatically changing the game. Wall Street is pulling back until it knows the end result so it can pick the correct winners and losers. Wall Street hates uncertainty. As a whole the market is still WAY WAY WAY above what it was 2 years ago. It is up 50% in less than 2 years. As soon as the dust settles the winners will be clear and it will correct the pull back.

 

[Bullseye]

Wow! He sounds like a genius, maybe a stable one at that.

Now, why is the stock market on the way down, and the deficit on the way up? Is that the fault of the Democrats?

Deficit isn't "way up". Stock market goes up and down - it's about 10% off an all-time high.

 

[Conservative]

So Gop congress gets credit for obamas deficit cuts but democrats get blame for trumps spending increases even though they arent in power? Partisan hackery at its worst.

What a shock, another liberal who places blame never accepting responsibility and the challenge to post data supporting their claim. You claim Trump increased spending causing the deficit? Post the data to support that by listing the line items that were increased to cause the deficit? as usual you will run when challengeed

 

[Conservative]

I wonder if there's one other person bias enough to agree that the "economy was coming out of recession"... :lamo:lamo:lamo

Here is something to think about you and all the other people trying to prop up the Obama Administration and its results. Keep trying to revise history ignoring that you cannot change history

https://www.foxnews.com/opinion/ste...st-admit-that-this-is-a-successful-presidency

 

[Dittohead not!]

Trump's numbers are Reagan like and he has only been in office less than 2 years, such impatience that totally ignores the calendar

Well, Reagan did cut taxes and run up a deficit, but other than that, I see nothing at all Reaganesque about Trump.

 

[Dittohead not!]

Projections aren't reality and with a debt this high you grow out of it, pay off the T-Bills and by cutting actual govt. spending you do reduce the deficit. Trump's first budget and already you call him a failure when very little of the 2018 deficit had anything to do with Trump

and yet, the deficit was on the way down before the election, now it's more than doubled. I'll believe Trump actually cutting government spending rather than simply shifting the spending from one place to another when I see it.

 

[Dittohead not!]

The deficit is not on the way up. It is dropping. The market (Wall Street) has pulled back because Trump is dramatically changing the game. Wall Street is pulling back until it knows the end result so it can pick the correct winners and losers. Wall Street hates uncertainty. As a whole the market is still WAY WAY WAY above what it was 2 years ago. It is up 50% in less than 2 years. As soon as the dust settles the winners will be clear and it will correct the pull back.

It has dropped all the way from an unsustainable 779 billion to an astronomical 1 trillion. Quite a drop.

The U.S. Treasury reported that October’s deficit was $100 billion, an increase of $37 billion or 58% from a year ago. While one month may not be a trend, it puts the full-year deficit on a path from $779 billion in fiscal 2018 to $1 trillion in fiscal 2019 . And this is when the economy grew at a 3.5% annual rate in the September quarter .

Forbes

 

[Conservative]

and yet, the deficit was on the way down before the election, now it's more than doubled. I'll believe Trump actually cutting government spending rather than simply shifting the spending from one place to another when I see it.

Yep, and interest rates have almost doubled as well but don't let that reality stop you from blaming Trump who actually cut the Executive Branch Budget but was faced with the inherited 20 trillion dollar debt and debt service with higher interest rates. how you coming on providing the line items showing that trump has increased spending more than his increase in tax revenue generated?

 

[Conservative]

Well, Reagan did cut taxes and run up a deficit, but other than that, I see nothing at all Reaganesque about Trump.

Yep, that 1.7 trillion Reagan deficit which was 52% of GDP that led to the doubling of GDP, 60+% in growth of FIT revenue, almost 17 million jobs created, and a peace dividend was an absolute disaster compared to the 9.3 trillion Obama added to the debt generating exactly what for the American people, 6 million jobs created, 30% growth in GDP and ISIS?

 

[Dittohead not!]

Yep, and interest rates have almost doubled as well but don't let that reality stop you from blaming Trump who actually cut the Executive Branch Budget but was faced with the inherited 20 trillion dollar debt and debt service with higher interest rates. how you coming on providing the line items showing that trump has increased spending more than his increase in tax revenue generated?

I already looked that one up for you, don't you remember? The line items he wants to increase include military, border security (including billions for his wall he says Mexico will pay for), and infrastructure.

Trump is not a conservative, at least not a fiscal conservative. He ran as a conservative since he thought it would be easier to win, and he was right. Trump is another big spender politician, a pro choice supporter of the Clintons who made himself over into a right winger in order to win the election. In short, Trump is a fraud, just as Romney said he is.

 

[Dittohead not!]

Yep, that 1.7 trillion Reagan deficit which was 52% of GDP that led to the doubling of GDP, 60+% in growth of FIT revenue, almost 17 million jobs created, and a peace dividend was an absolute disaster compared to the 9.3 trillion Obama added to the debt generating exactly what for the American people, 6 million jobs created, 30% growth in GDP and ISIS?

Where are you getting your figures? Reagan deficit was 52% of the GDP? That would have been a disaster royal!

60% growth?

I think maybe you should check your sources and your/their math.

 

[ttwtt78640]

Yep, and interest rates have almost doubled as well but don't let that reality stop you from blaming Trump who actually cut the Executive Branch Budget but was faced with the inherited 20 trillion dollar debt and debt service with higher interest rates. how you coming on providing the line items showing that trump has increased spending more than his increase in tax revenue generated?

WTF is "the Executive Branch Budget"? How, exactly, does it differ from the federal budget? You keep insisting that Trump somehow cut federal spending when it was actually increased. The big clue that federal spending has increased more than federal revenue has is that the federal deficit has gone up under Trump. Which "line items" increased does not matter - what matters is that spending exceeds revenue which is the definition of a budget deficit.

 

[Conservative]

I already looked that one up for you, don't you remember? The line items he wants to increase include military, border security (including billions for his wall he says Mexico will pay for), and infrastructure.

Trump is not a conservative, at least not a fiscal conservative. He ran as a conservative since he thought it would be easier to win, and he was right. Trump is another big spender politician, a pro choice supporter of the Clintons who made himself over into a right winger in order to win the election. In short, Trump is a fraud, just as Romney said he is.

I asked you to post the 2018 data that supports your claim of Trump driving up the deficit with spending, you have not done that but rather put in projections for future deficits. Change your lean to liberal as you take the liberal line and post projections as reality totally ignoring the line items that drove up the deficit and ignoring totally the revenue increases that paid for any actual Trump spending increases

 

[Conservative]

Where are you getting your figures? Reagan deficit was 52% of the GDP? That would have been a disaster royal!

60% growth?

I think maybe you should check your sources and your/their math.

Reagan's DEBT not deficit, my error. Reagan's deficits were much less than 52% of GDP

 

[Conservative]

WTF is "the Executive Branch Budget"? How, exactly, does it differ from the federal budget? You keep insisting that Trump somehow cut federal spending when it was actually increased. The big clue that federal spending has increased more than federal revenue has is that the federal deficit has gone up under Trump. Which "line items" increased does not matter - what matters is that spending exceeds revenue which is the definition of a budget deficit.

Executive branch budget is what it costs for the executive branch of the United States including President, Vice President, First Lady

https://obamawhitehouse.archives.gov/1600/executive-branch

What I said and apparently you have a problem understanding is that Trump cut what was totally under his control, requested increases that were actually paid for by the increases in revenue generated. What increased was the debt service and entitlement spending which is mandatory and not controlled by the President so when you blame the President for the deficit you are ignoring the revenue his policies generated and the actual line items that he controls

 

[Dittohead not!]

I asked you to post the 2018 data that supports your claim of Trump driving up the deficit with spending, you have not done that but rather put in projections for future deficits. Change your lean to liberal as you take the liberal line and post projections as reality totally ignoring the line items that drove up the deficit and ignoring totally the revenue increases that paid for any actual Trump spending increases

If revenue increases really made up for spending increases, then the deficit would at least not be growing.

I thought it was liberals who were supposed to believe that the magical money fairy would make up for overspending and that there really is a free lunch.