Lanhdanan
100949
1547
82
Oct 1, 2021 8:30 AM
Lanhdanan
100949
1547
82
BigTandLaVerne
Deficit is different than debt
Richter12x2
And then cry about not being able to pay for it.
hijindc
For those confused: Reducing the deficit every year doesn't mean that debt is going to go away
copperdomebodhi
Sounds paranoid? Google "Starve the beast". Repub donors get tax cuts, Dems get told, "We can't afford social spending".
Larnoc
The money doesn't go away though, it goes to their buddies
sneerglaw
This makes Dems look like they're not being lobbied too. Both sides are bought by the same companies
yourlocaldictator
I mean or you could at the national debt to GDP ratio over the last near century and realise this is utter tripe
Gantzz321
why does no one "FOLLOW THE MONEY", follow what pockets that money ends up in. It is not like military families are getting it.
Darkklown14
Is it safe to say the GOP hates America?
coopeBugRunner
The deficit is not the economy
philldavis
https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/
StressedOut
Thank you for posting a source
VDarksteel
https://www.google.com/amp/s/amp.usatoday.com/amp/6464069002
Booper911l
And did Biden do)
sketchygrandmas
As much as I like it, I feel it can be a bit misleading. https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
DSToast
OP's post is about deficit not debt.
sketchygrandmas
Good point, thank you for the clarification
Cargobiker530
Maybe the fact republicans wave confederate flags is more than a hint. They're at war with the United States.
my1rstlaptopwas34inchscreenup
yes. just like the theory evangelists want the climate crisis, bringing about end time and, being the chosen ones, saved.
nonsensecomment
Do you actually know people like this? Im from the south and know plenty of evangelical crazies, but haven’t heard anything this extreme…yet
number1superguy
Missing or ignoring context https://www.google.com/amp/s/amp.usatoday.com/amp/6464069002
Taishosama
I need sauce please,for my red father.
Lanhdanan
https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/
BroBummel
Clinton didn't get the deficit to zero. He did have a budget surplus, which is a different thing entirely. This is fucking stupid
BroBummel
Also, this was when the Republicans had majorities in both houses and were on a total Contract with America small gov't push
BroBummel
Clinton himself went along with it after Hilarycare proved dangerously unpopular saying "the era of big government is over"
BroBummel
Source: I lived through the fucking 90s
aethryll
I agree with your larger point, but the last 3 are very misleading. You are using the deficit in their last year in office, which in the >
aethryll
case of 43 and 45 are largely due to significant economic events. 43 averaged about 240b/yr until 2008 recession. 45 was at 984b before >
aethryll
COVID. https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151
TCGView
Note that this says deficit and not debt. They are not the same.
ABillionDucks
Deficits add to the debt
TCGView
Yes. However, a lot of people confuse our current national debt with the yearly budget deficit which is why, to some, the numbers look off.
lotrgifmaker
Insomnia's a bitch so I ran the numbers from whitehouse.gov. Since FDR, the Democratic party increased the deficit 46% of the time (1/2)
lotrgifmaker
while the Republican party increased the deficit 71.79% of the time while in office. (2/2)
DrParasek
I think these numbers are not correct
rossimus
Its easier to break things than to build them. What have the Republicans tried to build in the last 30 years? At least the Dems try to build
vVvVvV3
Need to put this on billboards
DancesWithBikers
Nevermind the deficit, what's the debt?
KarlderMarder
The point is: our economical system, as we currently have it, runs on debts. Not that this is good, just saying how it is...
ElSephiroth
As if OP (or OCC) knew anything about economics. What should be compared is debt direction (what's done with it).
CabooseNomerson
National debt isnt necessarily a bad thing if it’s spent on things we need like infrastructure or green energy. Problem is we waste our debt
geogaddi37
Yeah it's a debt based economy. I disagree with the comparison of defecit to "economic destruction", crap arguments do us no favors.
IVILegionIVI
The global economy runs on debts, not just the U.S. It’s a delicate web of borrowed money, hoping nobody ever tries to collect.
KarlderMarder
exactly - besides, I dind't say it's just the us economy
morelikeconsham
That's not quite true. The US has very reliably paid back its debts when it says it will (e.g. bonds) - the debt keeps going up because we
morelikeconsham
Are taking out loans faster than we are repaying them. But we are repaying them. The underlying assumption is that the US economy will grow
morelikeconsham
Forever and, as a consequence, so will the US budget, allowing it to consistently repay decades old debts when they are due.
drezrale
To be fair though, 3.3 trillion is impressive for someone who spent most of his time at a golf course
CumsInPies
No, even in golf you want lower numbers.
calamarionastick
riiight like it isn't members behind the scenes really working, when manager supremo(conservatives, republicans) take office
Gaelig
while his kids were taking from your pockets
AamuVircku
To be fair, that was about 50% of the deficit.
Thispostisaboutacat
He was only a one-term president too.
Magjee
The figures are annual, not cumulative
crossingdynasty
Where do you think a lot of that money went?
Nightcaste
It's not that difficult when you turn off the input and increase the output.
Aimlockbelch
And grafting almost 150mill while doing it.
Aimlockbelch
Grifting
LizLittle
That was what he spent it on tho
ProppaGanda
Well, it made it even easier for the country to be ran by lobbyists
Molvanian
Extra fun fact. He'd gotten it a good chunk of the way back to 1.2 trillion BEFORE Covid.
macstrat
That was my question: how much of that is covid relief
PoOtEr144
If you look up these "stats", these are false.
lurkingabout2020
Where can I look them up? I was wondering about the validity but didn’t want to spend hours digging. #lazy
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rooik14
You mean the pandemic he helped perpetuate and spread?
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rooik14
If he has spent money on lockdowns and proper mitigation efforts, wore a mask publicly and got vaccinated on live tv we wouldn't be this 1/
rooik14
2/ deep into costs. It'd have saved money as well as lives. We wouldn't be worrying about having freezer trucks available for all the
snoreski
A pandemic whose severity he exacerbated
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NERDRAGEohacat
That would only be true if we assume the Republican states behaved the same way under any president who wasn't as divisive as Trump; the 1/3
NERDRAGEohacat
repeated and premature ending of lockdowns and restrictions by officials echoing Trump's rhetoric has extended the pandemic and is 2/3
Nightcaste
Which wouldn't have been necessary if he reacted appropriately instead of lying about the severity.
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Nightcaste
China had more severe lockdown policies than the U.S. and they're the only G8 country that's showing economic growth this year.
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Stuey1221
Most of the debt was paying for his security
mrgreen326
To pay for his security to stay in his own resorts at the golf clubs.
ahlmeister
Most of the spending was due to Covid
aethryll
https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151
aethryll
Note, I agree with the larger point OP made, but the information he's choosing to do it with is very misleading.
ThereAreCrocodiles
... and his various lawsuits.
Thelrishlnquistion
And his hamberder and diaper budget.
Ja5per
And my axe
Aksuuuh
And some just went straight to his own pockets through the use of his businesses
Stuey1221
Covefe too
NoNameFred
Don't forget all the grift, paying for people to stay in Trump hotels…
sexymanthong
Not that I don't believe memes from Facebook, but do you have some sauce
aethryll
Here's an easier to follow source https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151
aethryll
The OP meme is misleading as it chooses only one years deficit, typically one of the final 2 fiscal years, as a representation of the whole>
aethryll
term. It does not consider spending related to the '08 recession or the '20 pandemic. It also ignores that while Bush43 did reverse >
aethryll
Clinton's surplus with his tax cuts and add to about 200b with the mid-east wars, his deficit was closer to 230b pa prior to recession
aethryll
Surpluses & deficits are also affect by much more than Presidential policy, the article does a good job of providing a balanced explanation
Manakini
While I do support asking for sources, I'm confident that records of the US debt is something you can look-up yourself.
shano510
The sources above help translate that raw data into more meaningful information than just numbers, which do not tell the whole story.
PoOtEr144
I have looked these up, they are false.
ThoughtfulTortuga
Source?
inartwetrust
Looked them up where?
llortamai
Parler.
hijindc
They're not really false, just really misleading
06yzfR6
How?
hijindc
https://www.usatoday.com/story/news/factcheck/2020/12/31/fact-check-meme-lacks-context-clinton-obama-federal-deficit/6464069002
oscarmatic
"it's true that just Clinton and Obama — the only Democrats besides Carter in the last 50 years — left the Oval Office in a year with a lowe
SerenePrincess013
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287 -- just for starters.
manwithsevenlivers
I have to assume you misread deficit as debt, it's either that, or you're not in the very smart camp either.
aethryll
here's deficit by president. https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151
SerenePrincess013
And while we're at it, might want to look at when the debt bloomed the worst. Oh gee, what's that? When we kept electing idiots? ?
squintish
The national debt and the spending deficit are different things.
hijindc
That's a valid concern. Here you go: https://www.whitehouse.gov/omb/historical-tables/
hijindc
But yes, meme is misleading. https://www.businessinsider.com/trump-national-debt-deficit-compared-to-obama-bush-clinton-2019-2
hijindc
Fact check: https://www.usatoday.com/story/news/factcheck/2020/12/31/fact-check-meme-lacks-context-clinton-obama-federal-deficit/6464069002/
Sharook
Sharook
Jesus christ that took me like 15minutes to work out how to do that....
hijindc
Lol, here: https://www.usatoday.com/story/news/factcheck/2020/12/31/fact-check-meme-lacks-context-clinton-obama-federal-deficit/6464069002
sexymanthong
Fleaofpain
This is the most American reply. "Gimme Sauce." "Here Sauce." "NO. Words too much."
sexymanthong
I mean. I'll look at it later. It's just too much right nooooww
Arbitrarynamehere
The strat is to just not say you aren't actually going to read it
Raxiel
So read it on the toilet *at* work
Ohdearlordanothercat
Can someone explain these #s versus the $28.8T I've seen elsewhere? I've also seen ~$8.6T for Obama and ~$6.8T for trump.
DSToast
Deficit versus total debt. The above post is the deficit, the numbers you are citing are likely total debt.
DSToast
Deficit is basically just the difference between what the government brings in in taxes and what it spends. Debt would be all its bills.
aethryll
https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151 He's using (mostly) the final budget year deficit, not the
aethryll
full terms. In some cases it actually appears to cherry pick which year to include. The larger point remains as the four largest deficits
aethryll
over the course of a full term belong to 3 republican and 1 democratic president. One of the republicans also served half the time. Though
aethryll
to be fair to them, a lot of the spending of the last 3 were related to recession or pandemic spending. Clinton was the only president >
aethryll
since Lyndon B Johnson to have a surplus in any year and the first since Coolidge to have a surplus through full term.