agip wrote:
Any president who slashes the deficit gets a decent grade.
The 10-year deficit has grown from 12 trillion to 16 trillion under Joe Biden (source: CBO), thanks to all the new unpaid-for spending he added.
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Flagpole wrote:
TheAdultInTheRoom wrote:
Why so high?
He's gotten 2 pieces of legislation passed and they were both pork laden monstrosities that don't actually do anything they were intended to do.
Inflation is at a 40+ year high.
The economy is a disaster.
He's weaponized the DoJ and FBI to attack his political opponents. He raided 40 republicans yesterday for the sin of questioning the 2020 election.
He's the worst president I've seen in my lifetime and it isn't even close.
He makes Bush Jr. and Jimmy Carter look like Abraham Lincoln.
What a load.
1) Inflation continues to drop...9.1 to 8.5 to 8.3. It will continue to go this way too as anti-inflationary pressures are great. Doesn't matter where we are now (EVER), It only matters where we are going, and inflation is falling and will continue to.
2) TWO pieces of legislation passed? Um...NOPE! Apparently you can't count.
Inflation Reduction Act, Gun Reform, Health Care Bill for Veterans, Expansion of NATO, High-tech CHIPS manufacturing, The American Rescue Plan Act, Infrastructure Investment and Jobs Act, and I'm for sure leaving some out. So, that's EIGHT, and I missed a couple for sure. He has had the most significant legislation passed in the first two years of a Presidency of any President in my lifetime.3) BS on the weaponization of the FBI and DOJ. That was TRUMP who did that, and no, Biden hasn't responded in kind.
4) BIDEN didn't RAID anyone. The DOJ subpoenaed some fools who were involved in either trying to overturn a fair election (Boris E.) or who have info about those who did.
You are out of your mind.
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agip wrote:
Biden gets a B so far.
Any president that presides over a solid recovery from a global crisis like COVID gets a decent grade. The economy grew 6% last year. Massive.
Any president who presides over an economy at full employment gets a decent grade
Any president who has a squeaky clean administration like this gets a decent grade.
Any president who presides over a successful 'gather the forces of democracy' like now in UKR gets a decent grade.
Any president who slashes the deficit gets a decent grade.
Any president who presides over rising home prices, a strong dollar and rising corporate profits gets a decent grade.
Then of course are all the massive legislations passed. Time will tell on those.
His weakness is that he is not a charismatic guy like FDR, Reagan or Obama. People don't respond to him and he doesn't give a good speech. These things are important.
Yeah, a B is fair. I'd probably even say B+ (I am discounting his PRIMARY accomplishment and that was beating Trump, so if I include that, he gets an A+, or as the kids say, S Level.). I don't dismiss that the way leaving Afghanistan went was not good (though I agree with getting out of there), and I don't agree with the student loan thing, but that's small potatoes. Overall he's done a VERY GOOD job, hence the B+. Pretty good since I was expecting a C- from him. Either way, I'm satisfied because he beat Trump to save our Democratic Republic...at least for another 4 years.
You are correct in all your assertions.
Trumper morons like to cherry pick and not count Trump's last two disaster years. They'd rather take the first two years where he was riding on Obama's coattails. Can't do that. Trump had fewer American jobs when he left office than when he started. He handed Biden a high unemployment rate. Now, under Biden, we have more Americans working than ever in our nation's history.
Good job Joe!
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Hardloper wrote:
agip wrote:
Any president who slashes the deficit gets a decent grade.
The 10-year deficit has grown from 12 trillion to 16 trillion under Joe Biden (source: CBO), thanks to all the new unpaid-for spending he added.
lots of measures of deficits but fact is, the deficit right now is dropping fast. 10 year projections are not worth very much. A $1.7 trillion drop in the 2022 deficit is meaningful and real.
Politifact:
The Congressional Budget Office’s most recent estimate of the 2022 federal budget projects a deficit of about $1.04 trillion. That may sound like a lot of money to be in the hole. But it’s a lot smaller than the federal government deficit was during the previous year: $2.78 trillion.
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agip wrote:
Hardloper wrote:
The 10-year deficit has grown from 12 trillion to 16 trillion under Joe Biden (source: CBO), thanks to all the new unpaid-for spending he added.
lots of measures of deficits but fact is, the deficit right now is dropping fast. 10 year projections are not worth very much. A $1.7 trillion drop in the 2022 deficit is meaningful and real.
Politifact:
The Congressional Budget Office’s most recent estimate of the 2022 federal budget projects a deficit of about $1.04 trillion. That may sound like a lot of money to be in the hole. But it’s a lot smaller than the federal government deficit was during the previous year: $2.78 trillion.
The change in 10-year projections show the impact of Biden's policies. It's the most meaningful measurement we have. Biden increased it $4 trillion already.
The 2022 deficit will be higher than $1 trillion, because the Democrats have added more spending since then, including the IRA which is front-loaded so it will increase the deficit over the next 5 years. And Biden is trying to throw another $1 trillion on the pile in his student loan program.
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agip wrote:
Hardloper wrote:
The 10-year deficit has grown from 12 trillion to 16 trillion under Joe Biden (source: CBO), thanks to all the new unpaid-for spending he added.
lots of measures of deficits but fact is, the deficit right now is dropping fast. 10 year projections are not worth very much. A $1.7 trillion drop in the 2022 deficit is meaningful and real.
Politifact:
The Congressional Budget Office’s most recent estimate of the 2022 federal budget projects a deficit of about $1.04 trillion. That may sound like a lot of money to be in the hole. But it’s a lot smaller than the federal government deficit was during the previous year: $2.78 trillion.
The CBO estimates that Biden has put the US on a track to exceed $1 trillion deficits every year from now on.
The CBO ALWAYS underestimates spending which means the deficit will be much worse in reality.
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TheAdultInTheRoom wrote:
Flagpole wrote:
What a load.
1) Inflation continues to drop...9.1 to 8.5 to 8.3. It will continue to go this way too as anti-inflationary pressures are great. Doesn't matter where we are now (EVER), It only matters where we are going, and inflation is falling and will continue to.
2) TWO pieces of legislation passed? Um...NOPE! Apparently you can't count.
Inflation Reduction Act, Gun Reform, Health Care Bill for Veterans, Expansion of NATO, High-tech CHIPS manufacturing, The American Rescue Plan Act, Infrastructure Investment and Jobs Act, and I'm for sure leaving some out. So, that's EIGHT, and I missed a couple for sure. He has had the most significant legislation passed in the first two years of a Presidency of any President in my lifetime.3) BS on the weaponization of the FBI and DOJ. That was TRUMP who did that, and no, Biden hasn't responded in kind.
4) BIDEN didn't RAID anyone. The DOJ subpoenaed some fools who were involved in either trying to overturn a fair election (Boris E.) or who have info about those who did.
You are out of your mind.
You stupid little man...
Inflation didn't drop to 8.3 it ROSE BY 8.3 in August. It isn't falling it's increasing.
INCORRECT! You don't know what you're talking about.
Inflation per month in 2022 so far:
Jan: 7.5
Feb: 7.9
Mar: 8.5
Apr: 8.3
May: 8.6
Jun: 9.1
Jul: 8.5
Aug: 8.3So, as I said, INFLATION is falling. Looking at the last 3 months, 9.1 to 8.5 to 8.3. I did not say we are having DEFLATION. I said inflation is falling...because it is. It is going to continue to fall too.
So, try again.
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Hardloper wrote:
agip wrote:
lots of measures of deficits but fact is, the deficit right now is dropping fast. 10 year projections are not worth very much. A $1.7 trillion drop in the 2022 deficit is meaningful and real.
Politifact:
The Congressional Budget Office’s most recent estimate of the 2022 federal budget projects a deficit of about $1.04 trillion. That may sound like a lot of money to be in the hole. But it’s a lot smaller than the federal government deficit was during the previous year: $2.78 trillion.
The change in 10-year projections show the impact of Biden's policies. It's the most meaningful measurement we have. Biden increased it $4 trillion already.
The 2022 deficit will be higher than $1 trillion, because the Democrats have added more spending since then, including the IRA which is front-loaded so it will increase the deficit over the next 5 years. And Biden is trying to throw another $1 trillion on the pile in his student loan program.
if you went back to 2012 to see what the '10 year projection' of deficits would be and compared it to the real results...do you think it would be accurate at all? I have little doubt it would be far off. Same here.
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TheAdultInTheRoom wrote:
agip wrote:
lots of measures of deficits but fact is, the deficit right now is dropping fast. 10 year projections are not worth very much. A $1.7 trillion drop in the 2022 deficit is meaningful and real.
Politifact:
The Congressional Budget Office’s most recent estimate of the 2022 federal budget projects a deficit of about $1.04 trillion. That may sound like a lot of money to be in the hole. But it’s a lot smaller than the federal government deficit was during the previous year: $2.78 trillion.
The CBO estimates that Biden has put the US on a track to exceed $1 trillion deficits every year from now on.
The CBO ALWAYS underestimates spending which means the deficit will be much worse in reality.
True, politicians who write bills know how to game the CBO score so it's almost always going to be larger than they project.
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agip wrote:
Hardloper wrote:
The change in 10-year projections show the impact of Biden's policies. It's the most meaningful measurement we have. Biden increased it $4 trillion already.
The 2022 deficit will be higher than $1 trillion, because the Democrats have added more spending since then, including the IRA which is front-loaded so it will increase the deficit over the next 5 years. And Biden is trying to throw another $1 trillion on the pile in his student loan program.
if you went back to 2012 to see what the '10 year projection' of deficits would be and compared it to the real results...do you think it would be accurate at all? I have little doubt it would be far off. Same here.
You realize they've increased because Biden has added spending that isn't paid for, right? Any comment on that?
CBO scores could be inaccurate in either direction but they directionally show what new spending or taxes have been added. They don't just randomly jump $4 trillion in 1.5 years unless there are policy changes.
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TheAdultInTheRoom wrote:
agip wrote:
lots of measures of deficits but fact is, the deficit right now is dropping fast. 10 year projections are not worth very much. A $1.7 trillion drop in the 2022 deficit is meaningful and real.
Politifact:
The Congressional Budget Office’s most recent estimate of the 2022 federal budget projects a deficit of about $1.04 trillion. That may sound like a lot of money to be in the hole. But it’s a lot smaller than the federal government deficit was during the previous year: $2.78 trillion.
The CBO estimates that Biden has put the US on a track to exceed $1 trillion deficits every year from now on.
The CBO ALWAYS underestimates spending which means the deficit will be much worse in reality.
You do know that the national debt went up just under $8 Trillion under Trump, right? You are sane enough to know he was only in office for 4 years, right? I don't remember you crying about that or even criticizing Trump for that.
Now, I WILL criticize ANY President who increases the national debt, which is really all of them at this point. No party has shown the ability to be able to cut the debt or even attempt to, Democrats and Biden included.
BUT, for you to rip on Biden over this and not say boo about your own stupid party (and you are Trumper no matter what party you assign that to), is disingenuous to the nth degree.
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Hardloper wrote:
agip wrote:
if you went back to 2012 to see what the '10 year projection' of deficits would be and compared it to the real results...do you think it would be accurate at all? I have little doubt it would be far off. Same here.
You realize they've increased because Biden has added spending that isn't paid for, right? Any comment on that?
CBO scores could be inaccurate in either direction but they directionally show what new spending or taxes have been added. They don't just randomly jump $4 trillion in 1.5 years unless there are policy changes.
you know how dynamic these things are. Can't really be predicted over a decade's time.
If you take a trillion dollars and fix roads, build internet, retrain workers, it costs money sure but you don't know what the return will be. A successful program will return far more than it costs. There's no way to predict these things over long periods of time.
I get what you are saying about cost direction, but we have no idea how these programs will affect revenue.
Certainly it's not crazy to think that spending on infrastructure will have a positive return over time. Maybe same for the school debt thing.
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agip wrote:
Hardloper wrote:
The change in 10-year projections show the impact of Biden's policies. It's the most meaningful measurement we have. Biden increased it $4 trillion already.
The 2022 deficit will be higher than $1 trillion, because the Democrats have added more spending since then, including the IRA which is front-loaded so it will increase the deficit over the next 5 years. And Biden is trying to throw another $1 trillion on the pile in his student loan program.
if you went back to 2012 to see what the '10 year projection' of deficits would be and compared it to the real results...do you think it would be accurate at all? I have little doubt it would be far off. Same here.
From 2013-2022 the CBO projected $41.179 trillion in revenues and $44.251 trillion in spending, for a deficit of $3.072 trillion.
The deficit from 2013 to 2022 was almost $11 trillion.
The CBO is always wrong in a conservative direction. Reality is always much much worse.
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TheAdultInTheRoom wrote:
agip wrote:
if you went back to 2012 to see what the '10 year projection' of deficits would be and compared it to the real results...do you think it would be accurate at all? I have little doubt it would be far off. Same here.
From 2013-2022 the CBO projected $41.179 trillion in revenues and $44.251 trillion in spending, for a deficit of $3.072 trillion.
The deficit from 2013 to 2022 was almost $11 trillion.
The CBO is always wrong in a conservative direction. Reality is always much much worse.
yeah that's not great
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agip wrote:
Biden gets a B so far.
Any president that presides over a solid recovery from a global crisis like COVID gets a decent grade. The economy grew 6% last year. Massive.
Any president who presides over an economy at full employment gets a decent grade
Any president who has a squeaky clean administration like this gets a decent grade.
Any president who presides over a successful 'gather the forces of democracy' like now in UKR gets a decent grade.
Any president who slashes the deficit gets a decent grade.
Any president who presides over rising home prices, a strong dollar and rising corporate profits gets a decent grade.
Then of course are all the massive legislations passed. Time will tell on those.
His weakness is that he is not a charismatic guy like FDR, Reagan or Obama. People don't respond to him and he doesn't give a good speech. These things are important.
You get an A for Baghdading.
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Flagpole wrote:
TheAdultInTheRoom wrote:
The CBO estimates that Biden has put the US on a track to exceed $1 trillion deficits every year from now on.
The CBO ALWAYS underestimates spending which means the deficit will be much worse in reality.
You do know that the national debt went up just under $8 Trillion under Trump, right? You are sane enough to know he was only in office for 4 years, right? I don't remember you crying about that or even criticizing Trump for that.
Now, I WILL criticize ANY President who increases the national debt, which is really all of them at this point. No party has shown the ability to be able to cut the debt or even attempt to, Democrats and Biden included.
BUT, for you to rip on Biden over this and not say boo about your own stupid party (and you are Trumper no matter what party you assign that to), is disingenuous to the nth degree.
I've never said Trump was anything but a disaster with spending.
The 2020 COVID relief checks were one of the biggest blunders in history. The 2021 COVID relief spending were an even bigger waste of money
Paying people more to stay home than they even made when they were working was absolutely idiotic.
Sending money to people whether they needed it or not was absolutely idiotic.
Shutting the country down for a virus that has virtually no impact on 90+% of the population was absolutely idiotic.
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Ghost of Disco Gary wrote:
agip wrote:
Biden gets a B so far.
Any president that presides over a solid recovery from a global crisis like COVID gets a decent grade. The economy grew 6% last year. Massive.
Any president who presides over an economy at full employment gets a decent grade
Any president who has a squeaky clean administration like this gets a decent grade.
Any president who presides over a successful 'gather the forces of democracy' like now in UKR gets a decent grade.
Any president who slashes the deficit gets a decent grade.
Any president who presides over rising home prices, a strong dollar and rising corporate profits gets a decent grade.
Then of course are all the massive legislations passed. Time will tell on those.
His weakness is that he is not a charismatic guy like FDR, Reagan or Obama. People don't respond to him and he doesn't give a good speech. These things are important.
You get an A for Baghdading.
has it ever occurred to you that you get all your news from right wing sources that are fooling you?
All of what I wrote is true. And I could have added more good stuff.
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agip wrote:
Hardloper wrote:
You realize they've increased because Biden has added spending that isn't paid for, right? Any comment on that?
CBO scores could be inaccurate in either direction but they directionally show what new spending or taxes have been added. They don't just randomly jump $4 trillion in 1.5 years unless there are policy changes.
you know how dynamic these things are. Can't really be predicted over a decade's time.
If you take a trillion dollars and fix roads, build internet, retrain workers, it costs money sure but you don't know what the return will be. A successful program will return far more than it costs. There's no way to predict these things over long periods of time.
I get what you are saying about cost direction, but we have no idea how these programs will affect revenue.
Certainly it's not crazy to think that spending on infrastructure will have a positive return over time. Maybe same for the school debt thing.
Weaksauce. By this logic, no one can ever criticize ANY tax cut or spending bill for its impact on the deficit, because over some long enough timeframe it MIGHT pay for itself. In that case we shouldn't even talk about the deficit because deficits may as well be good.
The fact is in the short-to-medium term and outside of black swan events like COVID, you can project the budget deficit to some degree, and most spending plans don't pay for themselves, at least in the 10-year timeframe. And Biden has added trillions worth in spending not offset by new revenues, which will increase the deficit more than it would have been.
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Hooma wrote:
TheAdultInTheRoom wrote:
Hitler modeled his plan for the Jews after the American progressive Democrats' treatment of African-Americans. The only difference was that Woodrow Wilson and Margaret Sanger wanted to use eugenics while Hitler opted for genocide. Their goals were identical.
You are a moron.
Hooma - Putting the moran feeders (like me) to shame on a regular basis. I do admire it.
And just a friendly reminder for the non-Hooma moran feeders like me: If you can't convince these guys that the 2020 election wasn't stolen and that Trump isn't GENERALLY, KINDA a bad guy.....do you really think you stand a chance of persuasion in these dueling economic/demographic stats battles? Especially, of course, when you know that they're much more willing to lie than you?
Just a thought.
.....did I mention the number 47% recently.....?
The horror.
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