Fat Bruno said:PlayerRep said:Fat Bruno said:PlayerRep said:How is it possible that you don't know that the deficit under Obama was over $1 Trillion for 4 of his 8 years? Trump's first 2 years didn't approach that amount. $621 billion in 2018 according to CNBC. Bush's deficit was under $2 Trillion total in 8 years.
You are a financial and economic idiot. You can't even Google to an answer that is credible.
You are truly one shallow pinhead. O's deficits were high because he inherited the SKYROCKETING deficits from Bush as well as Bush's economic recession. Of course, they were going to keep going up until his own policies kicked in, simpleton, and then they began their downward trend. Then Trump inherited O's solid economy and decreasing deficits and, now, of course, his deficits are slated to hit record nos. in record time. This is what happens EVERY time. Clinton actually ran a surplus in his last year and Bush blew up the debt. Now, we have the same trend all over again. Ray Gun did the same with the deficit... like I said, EVERY time. How did a naif like you ever get through law school? Some kind of favoritism?
I didn't blame anyone for deficits; I just said that it's not true that Trump has had record deficits.
Feel free to quote anything on budget deficits that I said that was not correct.
You continue to try to Google for answers, and then post dumb stuff. You are a picture boy for dem-liberals who don't understand economics. You are a huge joke.
"Has had..." The projections -- see, that means in the future, not the past -- by all major economists and the CBO show record deficits as a result of current economic policy ... and that as his been pointed out here several times is assuming the most favorable circumstances and no recession ... so they'll be even worse ... far worse. It's now clear that anything with the simplest twist or complexity is beyond you ... you're either a simple dipshit in the first place or are suffering from advanced intellectual decline.
The record budget deficit is over $1.4 Trillion, which was under Obama. No, all major economists don't predict record deficits under the current economic policy. US revenues set a record last year and will set another record this year. Corporate taxes are only about 7% of US revenue, so don't start blaming corporate tax cuts.
The CBO is notoriously wrong on much of what it predicts. They have been very wrong on healthcare numbers in recent years. Below is what the CBO said recently. Note that $1.0 Trillion is less than the record of over $1.4 Trillion. Also note that the CBO recently reduced its deficit prediction. 2022 is still a long way off.
"Yearly budget deficits are expected to exceed $1 trillion beginning in 2022. But CBO said its cumulative deficit projection over the next decade is $1.2 trillion less than it was in early 2018,"
You are an economic idiot. You can't even Google to a credible answer. Keep digging your hole.