Can anyone name a G-7 country that has a better economy right now than the US?

Originally posted by: Boilerman

PJ, you will never remember this.  I've addressed this with you a dozen time with you.  I've complained about the deficit for every administration since I started paying attention.  Clinton, worked well with Republicans, yet every other administration has been a spending cluster forever.

 

You'll forget this.


True - but some are worse than others.     

Lets see if you can be honest about factual data.   Which administrations have a better record on the deficit during your adult lifetime?     (You've addressed this answer a dozen times too....and your answer is the oppositte of the historical truth).   

 

<Historical truth provided as a public courtesy>

 

 

Michael Okuda on X: "Federal deficit by president for the past three  decades. It's clear which is the party of fiscal responsibility. And it  most definitely ain't the radical Republican right.  https://t.co/YJtNDMHQAb" /

Boiler, either because he's really, really STOOPID or he doesn't want to acknowledge reality because that would destroy his position, appears to not understand that two phenomena create deficits: insufficient revenues and/or excessive expenditures. The Trump tax giveawys ballooned the deficit by choking off government revenues. This is not difficult to understand, unless you're Boiler.

 

Here's another kick in the nuts for taxpayers. The YUGE tax cuts for corporations (50%!) will not expire. The TINY tax cuts for individuals will expire after FY 2025. So, your taxes will go up, but those paid by Exxon won't. Nothing like Republican governance!

 

 

Originally posted by: PJ Stroh

True - but some are worse than others.     

Lets see if you can be honest about factual data.   Which administrations have a better record on the deficit during your adult lifetime?     (You've addressed this answer a dozen times too....and your answer is the oppositte of the historical truth).   

 

<Historical truth provided as a public courtesy>

 

 

Michael Okuda on X: "Federal deficit by president for the past three  decades. It's clear which is the party of fiscal responsibility. And it  most definitely ain't the radical Republican right.  https://t.co/YJtNDMHQAb" /


Which is more important....the annual deficit, or the annual deficit as a percentage of GDP.  I should point out that at no time as Biden's "deficit as a percentage of GDP" been as low as Trump's pre-Covide numbers.

 

https://fred.stlouisfed.org/series/FYFSGDA188S

 

And one should noted that while this chart only shows data through 2022, Biden's 2023 deficit as a percentage of GDP increased substantially to 6.3%.  For the mathamatically challeged, that's a bad thing.

 

Since, tax revenues increased after Trumps tax cuts, the problem was spending.  What major spending increases happened under Trump did the Democrats object to, or more likely not champion?

So, in short, Boilerman cant be honest about data.    

 

Republicans owned the White House and both houses of Congress for Trump's first two years where he outspent Obama (the guy whose spending you complained about for 8 years).   Democrats dont run on a "small government" platform.  That's Republican bullshit.,...and it is bullshit.    Trump believed in bigger government than Obama...and you never once held him accountable for it.  And you're going to vote for him again.   So who are you kidding?   Government spending is an issue you ignore when Republicans do it.    You cant even be honest about - you blame Trump and Republican spending on Democrats.

 

 

 

 

Edited on Jan 15, 2024 5:02am

Hey, STOOPID Boiler, slashing government revenues creates a deficit, just like excessive spending does. And slashing government revenues, as Trump did, has a longer-lasting effect.

 

Conservitards bitch and whine about government spending, but not about Trump's crippling of the government's ability to fund itself.

 

Trump's tax cuts didn't increase tax revenues. That's hilarious.

Edited on Jan 15, 2024 6:13am
Originally posted by: Kevin Lewis

Hey, STOOPID Boiler, slashing government revenues creates a deficit, just like excessive spending does. And slashing government revenues, as Trump did, has a longer-lasting effect.

 

Conservitards bitch and whine about government spending, but not about Trump's crippling of the government's ability to fund itself.

 

Trump's tax cuts didn't increase tax revenues. That's hilarious.


His printing of 7 trillion dollars did increase tax revenues...and the deficit.       

CPA Kevin should know that even if you cut prices, one can get higher revenue as one sells more product. But I guess that's why his company went out of business. 


The covid bills passed 419-6 & 96-0. The democrats are as responsible for the debt that year as the republicans. But that has been mentioned before. 

Anither often repeated fact, income tax revenues went up after the tax cut. The problem is that spending went up significantly fsster. 

 

Originally posted by: tom

CPA Kevin should know that even if you cut prices, one can get higher revenue as one sells more product. But I guess that's why his company went out of business. 


The covid bills passed 419-6 & 96-0. The democrats are as responsible for the debt that year as the republicans. But that has been mentioned before. 

Anither often repeated fact, income tax revenues went up after the tax cut. The problem is that spending went up significantly fsster. 

 


The hilarious part is that goobers like Tom argue that the Trump tax cuts actually caused an increase in tax revenue. That's like saying that working half as many hours will increase your paycheck. The truth is that without those cuts, any income tax revenue increase would have been much higher.

 

Stupid Tom doesn't realize that if you make $1, that's still not good if you should have made $5. (I use those numbers so he can relate them to his paychecks.)

 

Stupid Tom is also ignoring the fact that government spending skyrocketed during THE FIRST TWO YEARS of Trump's administration--well before covid. It's his typical tactic of looking at the wrong data.

 

Stupid Tommie-poo.

Originally posted by: PJ Stroh

So, in short, Boilerman cant be honest about data.    

 

Republicans owned the White House and both houses of Congress for Trump's first two years where he outspent Obama (the guy whose spending you complained about for 8 years).   Democrats dont run on a "small government" platform.  That's Republican bullshit.,...and it is bullshit.    Trump believed in bigger government than Obama...and you never once held him accountable for it.  And you're going to vote for him again.   So who are you kidding?   Government spending is an issue you ignore when Republicans do it.    You cant even be honest about - you blame Trump and Republican spending on Democrats.

 

 

 

 


PJ, without question, the "employment participation rate" is a far better of measure of employment than the "unemployment rate".  Without question, the "deficit as a percentage of GDP" is a far better measure than the "deficit".  Can PJ name any substantial Trump spending increases that he wanted that wasn't championed by Democrats?  Social giveaways have exploded over the past 40 years, while military expendeture has decreased as a percentage of GNP.  You are wrong.

 

If you don't understand this, then I can't help you.  It's so obvious.

Originally posted by: Boilerman

PJ, without question, the "employment participation rate" is a far better of measure of employment than the "unemployment rate".  Without question, the "deficit as a percentage of GDP" is a far better measure than the "deficit".  Can PJ name any substantial Trump spending increases that he wanted that wasn't championed by Democrats?  Social giveaways have exploded over the past 40 years, while military expendeture has decreased as a percentage of GNP.  You are wrong.

 

If you don't understand this, then I can't help you.  It's so obvious.


Why is it a bad thing that military expenditures have decreased? Would you like another world war?

 

The things you say are "without question" are actually very questionable. The employment participation rate is a worthless measure without taking into account the aging of the population. I schooled you on this already. I can't help it if you couldn't understand it.

 

Likewise, deficit as a percentage of GDP is a meaningless measure, because deficit refers specifically to government expenditures, while GDP refers to the economy as a whole. It's like comparing a mouse to an elephant. But we've already schooled you on this, too.

 

The massive Trump spending that PJ referred to was in 2017 and 2018, when the Republipigs controlled all three branches of government. Trying to pin the blame for it on Democrats is a special kind of stupid,

 

Boiler stupid.

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