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deficit (Read 19 times)
Serowbot
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OK.... so what's the
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deficit
10/21/22 at 10:28:28
 
Here's a quick History Lesson:  All four Republican presidents since 1980 increased the federal deficit during their time in office: Ronald Reagan had a 94% increase, George H.W. Bush had a 67% increase, George W. Bush had a 1,204% increase, and Trump had a 317% increase.
The two Democratic presidents since 1980 decreased the federal deficit: Bill Clinton had a 150% decrease to end his presidency with a federal surplus of $128 billion, and Barack Obama decreased the deficit by 53%.
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Ludicrous Speed !... ... Huh...
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pg
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Re: deficit
Reply #1 - 10/21/22 at 17:58:54
 
Since you posted for me to never ask you to cite your source ever again, I won't.  However, I will post more accurate and detailed information without providing the source of my material either.

President Donald Trump
Total Actual plus Budgeted = $6.612 trillion, a 33% increase

FY 2021: $966 billion budgeted + $600 billion from pandemic impact = $1.566 trillion
FY 2020: $1.083 trillion budgeted + $2.2 trillion from pandemic = $3.283 trillion
FY 2019: $984 billion
FY 2018: $779 billion


President Barack Obama
Total = $6.781 trillion, a 58% increase

FY 2017: $665 billion. Although Trump requested additional spending, Congress did not approve it.
FY 2016: $585 billion
FY 2015: $442 billion
FY 2014: $485 billion
FY 2013: $680 billion
FY 2012: $1.077 trillion
FY 2011: $1.300 trillion
FY 2010: $1.5 trillion. This is the sum of $1.294 trillion and $253 billion from the Obama Stimulus Act that was attached to the FY 2009 budget.


President George W. Bush
Total = $3.293 trillion, a 57% increase

FY 2009: $1.16 trillion. This amount is calculated from $1.413 trillion, minus $253 billion from Obama's Stimulus Act.
FY 2008: $459 billion
FY 2007: $161 billion
FY 2006: $248 billion
FY 2005: $318 billion
FY 2004: $413 billion
FY 2003: $378 billion
FY 2002: $158 billion


President Bill Clinton
Total = $63 billion surplus, a 1% decrease

FY 2001: $128 billion surplus
FY 2000: $236 billion surplus
FY 1999: $126 billion surplus
FY 1998: $69 billion surplus
FY 1997: $22 billion
FY 1996: $107 billion
FY 1995: $164 billion
FY 1994: $203 billion


President George H.W. Bush
Total = $1.036 trillion, a 36% increase

FY 1993: $255 billion
FY 1992: $290 billion
FY 1991: $269 billion
FY 1990: $221 billion


President Ronald Reagan
Total = $1.412 trillion, a 142% increase

FY 1989: $153 billion
FY 1988: $155 billion
FY 1987: $150 billion
FY 1986: $221 billion
FY 1985: $212 billion
FY 1984: $185 billion
FY 1983: $208 billion
FY 1982: $128 billion


President Jimmy Carter
Total = $253 billion, a 36% increase

FY 1981: $79 billion
FY 1980: $74 billion
FY 1979: $41 billion
FY 1978: $59 billion


President Gerald Ford
Total = $181 billion, a 38% increase

FY 1977: $54 billion
FY 1976: $74 billion
FY 1975: $53 billion


President Richard Nixon
Total = $70 billion, a 20% increase

FY 1974: $6 billion
FY 1973: $15 billion
FY 1972: $23 billion
FY 1971: $23 billion
FY 1970: $3 billion


President Lyndon B. Johnson
Total = $36 billion, an 11% increase

FY 1969: $3 billion surplus
FY 1968: $25 billion
FY 1967: $9 billion
FY 1966: $4 billion
FY 1965: $1 billion


President John F. Kennedy
Total = $18 billion, a 6% increase

FY 1964: $6 billion
FY 1963: $5 billion
FY 1962: $7 billion


President Dwight Eisenhower
Total = $15 billion, a 6% increase

FY 1961: $3 billion
FY 1960: $0 billion with a slight surplus
FY 1959: $13 billion
FY 1958: $3 billion
FY 1957: $3 billion surplus
FY 1956: $4 billion surplus
FY 1955: $3 billion
FY 1954: $1 billion


President Harry Truman
Total = $5 billion, a 2% increase

FY 1953: $6 billion
FY 1952: $2 billion
FY 1951: $6 billion surplus
FY 1950: $3 billion
FY 1949: $1 billion surplus
FY 1948: $12 billion surplus
FY 1947: $4 billion surplus
FY 1946: $16 billion


President Franklin D. Roosevelt
Total = $194 billion, a 186% increase

FY 1945: $48 billion
FY 1944: $48 billion
FY 1943: $55 billion
FY 1942: $21 billion
FY 1941: $5 billion
FY 1940: $3 billion
FY 1939: $3 billion
FY 1938: $0 billion with a slight deficit
FY 1937: $2 billion
FY 1936: $4 billion
FY 1935: $3 billion
FY 1934: $4 billion


President Herbert Hoover
Total = $5 billion, a 30% increase

FY 1933: $3 billion
FY 1932: $3 billion
FY 1931: $0 billion (slight deficit)
FY 1930: $1 billion surplus


President Calvin Coolidge
Total = $5 billion surplus, a 26% decrease

FY 1929: $1 billion surplus
FY 1928: $1 billion surplus
FY 1927: $1 billion surplus
FY 1926: $1 billion surplus
FY 1925: $1 billion surplus
FY 1924: $1 billion surplus


President Warren G. Harding
Total = $1 billion surplus, a 6% decrease

FY 1923: $1 billion surplus
FY 1922: $0 billion with a slight surplus


President Woodrow Wilson
Total = $22 billion, a 775% increase

FY 1921: $1 billion surplus
FY 1920: $0 billion with a slight surplus
FY 1919: $13 billion
FY 1918: $9 billion
FY 1917: $1 billion
FY 1916: $0 billion with a slight surplus
FY 1915: $0 billion with a slight surplus
FY 1914: $0 billion

Best regards,
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justin_o_guy2
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What happened?

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Re: deficit
Reply #2 - 10/21/22 at 22:02:43
 
So, does that mean things are going well?

https://www.thegatewaypundit.com/wp-content/uploads/IMG_8624-2.jpg

Gas,food,getting pretty high. What does the minimum wage need to be Now?
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The people never give up their liberties but under some delusion.- Edmund Burke.
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WebsterMark
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Re: deficit
Reply #3 - 10/22/22 at 05:09:49
 
Serowbot wrote on 10/21/22 at 10:28:28:
Here's a quick History Lesson:  All four Republican presidents since 1980 increased the federal deficit during their time in office: Ronald Reagan had a 94% increase, George H.W. Bush had a 67% increase, George W. Bush had a 1,204% increase, and Trump had a 317% increase.
The two Democratic presidents since 1980 decreased the federal deficit: Bill Clinton had a 150% decrease to end his presidency with a federal surplus of $128 billion, and Barack Obama decreased the deficit by 53%.



This is the ultimate example of that famous saying; statistics are like lampposts for drunks. They’re used more for support than illumination.

The massive government Covid spending spree is over plus companies coming back on line (to a much smaller degree than before) are paying taxes so when you put those two things together over a narrow range in time, you see a shrinking deficit. Now, the politician and their supporting cast in the media will claim this is evidence their policies will deliver this trend continuously.

But in my world, when you analyze companywide sales revenue for example and you look at a narrow range in time, you could say sales are up and you think holy cow everything is going great. But that’s not always the case. When you look at broader, historical trends and you realize the pattern is a temporary one that repeats itself over and over, you realize claiming this as long term success demonstrate your foolishness and will only get you fired.

This is why this administration saying they created more jobs than any other president is ridiculous. They created more jobs because there has been such a loss of jobs that measuring the period of time during the recovery and comparing that to historical long-term trends is preposterous. That’s like taking your bank account on payday and extrapolating it out for 365 days and saying your income is that particular day multiplied by 365. No one does that except in politics. That’s what’s going on here and you fell for it.

So put on your little blue team jersey, grab your pendant stand up and cheer “yay us” for now but remember, you’re not even to halftime.
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