posted by QuakerOats
Holy shit; you actually wrote that?
obama added $10 fucking trillion to the debt in just 8 years; he doubled the entire national debt, and we got shit to show for it.
Trump comes along, and the libtards are screaming because (inaccurate) estimates say the tax law will add $1 trillion in debt over a 10 year period.
Christ, do you even read what you write?
Well I doubt any of this will make you change your mind (indeed, you'll just double down on your false beliefs) but I enjoy it anyways.
You're only about $4 Trillion off (but who's counting).
That precipitous drop occured under divided gov't for the most part with the GOP congress and Obama spending years bargaining on reducing the deficit and the sharp drops coming after the fiscal cliff (mind you - these were huge mistakes).
This was the fastest drop in the deficit since World War II
Again - I think this was a huge mistake. In any case, if you're a fan of lower deficits the fiscal cliff buttressed by loose monetary policy put us on a chart toward deficits near the historical average. And, CBO analysis from 2013 seemed pretty close to getting it right.
^^^Link from Conservative Mercatus Center.
The Republican Tax Plan produced under unified gov't reverses this trend and sends us back toward $1 Trillion Annual Deficits.
The Conservative Tax Foundation which supports the plan forecasts higher cumulated deficits of $10.14 trillion over a decade due to lost revenue even assuming strong economic responses to the plan with an average annual budget deficit of about $750 billion over the next five years. Moreover, the only way that number goes down is if the middle class tax cuts go away in five years.
Just accept it! Increasing the deficit is good! Be proud of Trump and the GOP!