Debunking Biden’s deficit claims, one by one
- Thread starter binsfeldcyhawk2
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Ciggy and Chis post 50 leftist opinion columns everyday and bins posts one and you are upset about it? Yikes.
Bullshit.
We have historical revenue coming into the Federal government right now.
If we had this kind of revenue in the Clinton era we would have had actual surpluses (not the accounting gimmicks that don't include the debt interest expense that required growing the debt every year of Clinton's presidency).
In the 110 year history of the federal income tax we've collected over 20% of GDP in taxes once.
1943.
That's it.
In 1991 federal spending was at 21.7% of GDP.
By the end of Clinton's presidency, under the brutal federal austerity we all recall as a booming economy, federal spending fell by 1999 to 18% of GDP.
Biden predicts federal spending will surpass 24% of GDP for the next decade, while tax collections are expected to be over 19% of GDP.
It's a spending problem. Always has been.
So will Trump be able to lower the interest rates?
- For the period from October 2023 through December 2023, the budget deficit totaled just shy of $510 billion, following a shortfall of $129.4 billion in December alone.
- The deficit has continued to pile up despite the Biden administration's assurances that the Inflation Reduction Act, in addition to reducing prices, would shave "hundreds of billions" off the deficit.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.www.cnbc.com
I think the anti-trump threads are pretty much covered here. Best Bins could hope for is a hat trick Pepsi.
Stick to ditch digging. Nothing is your strong suit other than posting stupidity. Try actually refuting something with facts once in awhile, cult member.
If you’re serious about cutting the deficit and/making an actual dent in the debt, I see no way to do that without attacking it on both sides.
In the 1950s, when we had confiscatory income tax rates, federal tax collection averaged 16.7% of GDP, and was never higher than 18.5%.
In the 1990s federal tax collection averaged 17.9% of GDP.
Federal spending averaged 20% in the same decade.
The key was the trend. Going from 21.7% of GDP in spending during 1991 to 18% of GDP by 1999.
Biden's budget proposal predicts no less than 24% of GDP spending by the federal government for the next decade.
We have a spending problem, and some people can't bring themselves to talk about it.
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I would say that when collections are at a historical level it's being attacked successfully on that side.
Pinning hopes on setting new tax collection records seems unwise.
Spending has to be brought back to normal.
The truth sucks doesn't it lucas80, so start the racism claims and 1/6 tropes again because that is all you got.
🤣
You are special...
😘
Nope. Been bitching about the deficit since I’ve been on the board…which is a lot longer than you.
As long as Trump is the leader of the GOP there can not be enough threads critical of him and his supporters. And when someone comes here every single day starting threads critical of Biden while never, ever, starting threads critical of Trump I’m going to point out that despite their protestations they clearly are closer to Trump than to the good of our country.
This thread was never about the deficits. It is about finding any excuse to criticize Biden, deflecting from Trump as he marches through the GOP prim.
As we all know, Biden spends at unprecedented and dangerous And really unsustainable levels. Hard to imagine the damage to the country after four more years of his hapless admin. And no way can guffawing Kamala ever be President.
Must be avoided at all costs.
Trump blew out the budget...no argument.
Biden blew past Trumps total in 3 years. He did that with Trumps monster $3T 2020 covid budget deficit in the mix...think about that. 2024 is on course for a $2T post covid budget deficit with a relatively good economy.
Simply unsustainable levels of spending.
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In summary, if you're against Biden, you support Trump. Got it.
Not even that...any criticism of Joe is apparently off limits.
Greatest president since Lincoln some say
"Just sign here, Mr. President."Not even that...any criticism of Joe is apparently off limits.
Greatest president since Lincoln some say
"...no, sign here."
"Can we get a new document, please?"
How could a country that spends over $800 billion on ‘defense’ find the money to defend its own border? Mystery of our age, no doubt.
The military contractors deep into our politicians pockets aren't going to allow that to be shifted to construction.
It can be shifted to drones and spy blimps and all kinds of shiny toys to observe, detect and interdict at the border.
Aren't there two sides to the equation? Like Sober said, tax revenue has to be raised and be a part of getting the deficit under control.
Well, that's actually pretty close to true. However, those conservatives who are actively working against Trump are important.
Criticism of specific issues with Biden is fine. But, as you are ignoring this, I am emphasizing a pattern of behavior. Bin constantly criticizes Biden, and frequently starts threads about him. But never, ever, starts a thread critical of Trump. And, even here, when he does criticize Trump he quickly follows it with, basically, "but Biden is worse."
When you constantly criticize Biden, and have very little to say about Trump, you demonstrate a priority that is not in alignment with America's needs at this point in history. You certain indicate you are unconcerned about another Trump Presidency, and do not recognize the existential threat he poses to our country.
It is the conservatives who are not fighting Trump tooth-and-nail right now who are dropping the ball. Their priorities are screwed up.
1. False
Trump on Fox and Friends this morning
Pretty epic. On for about 45 minutes....typical Trump, everybody out to get him blah blah blah. Disparaging everyone with one glaring omission. John Bolton. "Good guy" Bolton probably has a lot of dirt. Anyway, worth a listen on youtube cuz he's pretty unhinged
iowa.forums.rivals.com
The Trump presidency is wearing me out
The endless idiotic tweets....the obsession with responding to every slight real or perceived. The constant attacks on the press...pressing forward with alternate facts. I've been a political junky for pretty much my entire adult life. Watch a wide variety of shows from CSPAN to Fox, MSNBC...
iowa.forums.rivals.com
3. There are so many Trump threads on this left leaning board that I'm pretty sure everything has been covered. Wouldn't want to pepsi
1. False
Trump on Fox and Friends this morning
Pretty epic. On for about 45 minutes....typical Trump, everybody out to get him blah blah blah. Disparaging everyone with one glaring omission. John Bolton. "Good guy" Bolton probably has a lot of dirt. Anyway, worth a listen on youtube cuz he's pretty unhinged
2. Trump is no longer PresidentThe Trump presidency is wearing me out
The endless idiotic tweets....the obsession with responding to every slight real or perceived. The constant attacks on the press...pressing forward with alternate facts. I've been a political junky for pretty much my entire adult life. Watch a wide variety of shows from CSPAN to Fox, MSNBC...
3. There are so many Trump threads on this left leaning board that I'm pretty sure everything has been covered. Wouldn't want to pepsi
LOL! You went back to 2017 to find a post critical of Trump. The newest post you cited was 2019!
One year from now either Trump or Biden will be president. You are criticizing Biden 10x as much as Trump. We know who you are.
When was Trump president art?
I'm pretty sure the Trump v Biden ratio of threads is around 2:1 so no need to get your panties in a bunch.
Face it...you're full of crap as usual.
What's with the "we" crap? When did you get elected board spokeperson?
Why aren't you posting critical threads of a man who hasn't been president in 3 years?
If you hadn't noticed, he is running for President and he has an iron-grip on the GOP.
Seems relevant.
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