FED Recognizes Unprecedented Good Economy

Only a liberal could claim that blowing thru 10 trillion a success.  He raised taxes to pay for obamacare that was not costing anything until 2016.

 

Due to rising interest rates, social security & medicare costs the deficit was projected to increase no matter who was the president.

 

How about a 5% across the board cut in all federal spending?  Is PJ the new deficit hawk in favor of that?

Obamacare reduced the deficit and added 10 years to the Medicare trust fund.   So I have no clue what you're talking about.     And yes - Obama paid for Obamacare which is why it did not add to the deficit.

 

The big Republican healthcare plan they've been referencing for 10 years turned out to be keeping Obamacare except for the parts that paid for it.      

 

This is a great example of why deficits go down under Democrats and why they go up under Republicans.   The inverse curve would should Tom's blood pressure on the same timeline.

 

Edited on Oct 10, 2018 10:17am

Yeah the Democrats are known for fiscal responsibility - just refer to Detroit, Chicago, New York city, Philadelphia and California - all Democratic strongholds. 

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