The Gallant Pig Man wrote:
WTF are you talking about? wrote:
Your understanding of the deficit and "debt" is extremely poor. Or, you are just flat out lying. Probably both.
The last time the national debt was actually reduced was 1957. This is a fact. No games, no borrowing to make the numbers look good, etc., so saying "generally reduced the debt" and "consistently reduced debt" is completely false.
Clinton reduced the *deficit* WITH the Republicans controlling Congress (the purse strings). Obama entered the office with $10T of national debt and left with almost $20T of national debt.
You should be banned from this board for spreading fake news. Letsrun mgmt needs to implement better controls.
Someone said "debt" when they meant to say "deficit"?! Oh my stars! Help yourself to a cookie, Mr. Fiscal Genius.
Oh yeah, surely it’s just a typo. Great example of the Left rationalizing their stupidity. He clearly doesnt know what he’s talking about. Are you really defending that?
JagAss- here are Obama’s deficits:
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296“FY 2017 - TBD (added as final year placeholder)
FY 2016 - $1.423 trillion.
FY 2015 - $327 billion.
FY 2014 - $1.086 trillion.
FY 2013 - $672 billion.
FY 2012 - $1.276 trillion.
FY 2011 - $1.229 trillion.
FY 2010 - $1.652 trillion.
FY 2009 - $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama's contribution to the debt.)”
Would you call that “generally reducing” anything (deficit, debt, or any other financial term the guy clearly doesn’t understand)? What are you guys on?!
The 90s were a great combination of several things at once:
Internet boom (jobs and wealth being created out of thin air- completely new industry),
Tech stock bubble,
Capital gains cut,
Very little foreign war/occupations,
Welfare Reform
And they STILL couldn’t reduce the National debt in any given year. I doubt it’ll happen in my lifetime.