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Yay, some talk about the debt.

Fantine

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Only Presidents Clinton, Obama, and Biden have managed to create lower budget deficits than their predcessors, so obviously it is irresponsible Republican tax cuts to businesses and the wealthy that have created a greater proportion of our debt.

In addition, the recent experience of UK and Western Europe show that drastic austerity programs usually result in unemployment, recession, and even greater deficits---because the amount of taxes lost is greater than the revenue cuts. It requires thoughtful, disciplined expertise in conjunction with expert advice--the kind of disciplined approach former President Trump has failed it catastrophically in handling the pandemic, for example. Whether a leader is conservative or liberal, erratic impulsivity is anaethema for our country.
 
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Vambram

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Only Presidents Clinton, Obama, and Biden have managed to create lower budget deficits than their predcessors, so obviously it is irresponsible Republican tax cuts to businesses and the wealthy that have created a greater proportion of our debt.
I'm sorry, but those statements are factually incorrect.
 
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Laodicean60

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Only Presidents Clinton, Obama, and Biden have managed to create lower budget deficits than their predcessors
Deficits and debt are two different things. But our debt is an accumulation of past deficits and if you look at the charts debt has increased a lot since the GFC.
Republican tax cuts to businesses and the wealthy that have created a greater proportion of our debt.
Yes and so does giving money away.
In addition, the recent experience of UK and Western Europe show that drastic austerity programs usually result in unemployment, recession, and even greater deficits---because the amount of taxes lost is greater than the revenue cuts.
I don't want to make this political like you all want it to be I was just happy it was back on the table. Yes, drastic austerity and spending both will lead to unemployment. There has to be a healthy balance in both.

Do you think spending the paltry amount of $100,000 on the sexual behavior of Quail on cocaine, I don't but there are many more projects like this. Tax payer money goes to countries that don't like us. The list goes on.
President Trump has failed it catastrophically in handling the pandemic, for example.
This is your opinion and looking back on Biden he can be blamed for his policies during Covid. But since I'm a realist I don't blame either because Covid was an unknown.
 
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Laodicean60

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I'm sorry, but those statements are factually incorrect.
Out of the three Clinton gave Bush a surplus and George squandered it on wars and he lowered taxes. The rest doesn't matter because of the debt because we haven't balanced our budget.
 
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durangodawood

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As long we attribute the economy to whatever president is in power (The Biden economy, the Trump economy, etc,) we'll never get movement on lowering the debt.

There are political rewards for the economic high of deficit fueled tax cuts or govt spending.
 
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Arcangl86

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Lowering the debt would require both increasing our revenues and decreasing our spending. Neither party is willing to significantly cut discretionary spending or reform the current entitlement programs to decrease our outlays. And while the Democrats are slightly more willing to raise taxes then the Republicans are, it's still something they hesitate to do.
 
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