foreverlax wrote: ↑Tue Jan 28, 2020 8:37 amFrom the article -Peter Brown wrote: ↑Tue Jan 28, 2020 8:25 am
https://www.businessinsider.com/nationa ... on-2019-11
The pace at which Trump has added to the national debt isn't as surprising as it might initially seem. A different picture emerges when you look under the hood.
So BHO started out with 2 outs and 2 strikes, while Trump started out on 2nd base.There is a key distinction separating the circumstances behind Trump and Obama's debt figures. Trump inherited an economy undergoing its longest sustained expansion. Obama, on the other hand, entered the White House as the nation veered into a recession that sparked massive stimulus spending and a bailout of the auto industry.
Correct. So why is the opposite happening?Conventional economic thinking maintains that deficits will decrease when the economy is healthy as the government pulls back on spending and draws more tax money as a result of lower unemployment.
Agreed. Hypocrite Rs finally prove that they are not fiscally conservative.Marc Goldwein, the policy chief for the Committee for a Responsible Federal Budget, told Business Insider that there had been a substantial shift in Washington's approach to federal spending in the past several years. Under Obama, Republicans championed fiscal responsibility and called to reduce the deficit — now they've largely tossed it aside.
To your last point, I do not agree. Most of my peers are republican (from what I can gather), and all of them are concerned about deficits; but like my point to a fan, this is a much more complicated topic than simply saying 'I am for' or 'I am against'.
Perhaps a longer view is necessary to make such judgments. If the economy continues to roar for the next ten years, and if Republicans controlled Congress and the office of POTUS, I'd be willing to bet a sizable sum that deficit reduction would come to fruition. It doesn't do you much good to come into DC and massively cut spending, flat-line the economy, then get kicked out after 4 years, does it?
What we know for certain is the average Democrat desires more government in your life, at almost every level. We know that the average Democrat trusts government far more than the average Republican. The takeaway from those two common sense observations is that Democrats, left to their own devices (with no opposition), would in fact massively enlarge government, raise taxes, and generally chase away much of the creation of real wealth. IE: Socialism, a fan's dreaded word. Leading to economic ruin, as has been shown throughout human history.