Happy August everyone!! Time flies! So I'm going to call it…

@sunrisehawk Fact: The Dow Jones Index tripled under Obama's watch.

Fact: The Bush/Republican budget deficit was cut by 2/3 under Obama's watch.

Fact: Trump has already doubled Obama's budget deficit, and it is getting worse, not better.

The tax cut for the wealthy, with a pittance for others to get them to believe they are benefiting from it, will result in a recession. Good work, Republicans.

@windinhishair Fact the Obama recovery was the weakest in recent history and wages were relatively stagnant with the middle class shrinking.

Fact, both parties and all recent Presidents are equally guilty of spending beyond the taxes collected. Congress is more to blame as spending originates there and they control the purse strings.

Fact, every tax increase or decrease affects the wealthy more than the middle class, after all, they already pay the bulk of the taxes.

Instead of holding both parties to account for their reckless spending you're inserting partisan politics of blame. Good work, Democrats.

@sunrisehawk The economy was already booming down South and certain parts of the west since 2010. You fly over zones folks are just now getting back in the game. That's why he was elected twice and is still beloved. 🙂

@sunrisehawk The recovery took a long time, because the Republicans had thrown the economy into the worst recession since the Great Depression.

Democrats are not to blame for the Trump tax cut. Or the Bush tax cut. Those are the biggest reasons that expenditures exceed income. Can't blame those on the Democrats either.

The wealthy pay less in tax rates than the middle class. That's just wrong. The tax cuts have resulted in the greatest imbalance in income since the first records were kept in 1919. The wealthy need to pay more in taxes.

I do agree with you that spending needs to be controlled. We can start with military spending that exceeds the totals spent by the next six or seven countries combined. And subsidies for oil and agriculture can be curtailed as well. Welfare for industry needs to be reduced or eliminated.

@windinhishair Hypocrisy at it's finest. Your guys get all the credit and the other guys get all the blame. I can point out errors and mistakes made by every President and Congress at least as I see them from a practical economic viewpoint. But when you're blinded by partisanship, can't discuss much of anything. I challenge anyone to explain how as a nation, one can tax themselves into prosperity.

@sunrisehawk Republicans passed the tax cuts for the wealthy. Therefore, when it doesn't work, blame should be placed squarely where it belongs--with the Republicans.

Taxes are required by nations to pay for the things that they do. You can't run a deficit of over a trillion dollars and not expect it to have negative impacts. We keep doing it, and refuse to learn the lessons of the past. The solution is to balance taxes with expenditures, not to run huge deficits.

If you see things from a practical economic viewpoint, you have to agree that huge Republican deficits are wrong.

@sunrisehawk If you would pay attention to facts you would realize that the Democratic presidents almost always have a better economic record. Its written in the books. The Republican party has not had a decent president since 1988.
Since Reagan was in power. That is a fact. 🙂

@windinhishair You are right except the Dem's have been even worse about spending. Even when they cut in one area, they increase far more in others. You're just a partisan hack who is into the blame game rather than dealing the fiscal problem that grows every year. The last time Congress even moved in a fiscally responsible fashion was after the 94 elections and that didn't last long enough to matter. (and that was a Republican controlled Congress, though I'm sure you give all credit to Clinton)

@sunrisehawk The data show that Republican presidents have much higher budget deficits than Democratic presidents. For example, Carter's highest budget deficit was lower than Reagan's lowest. Yet Republicans love to talk about what a fiscal conservative Reagan was. The facts show it differently.

You won't solve the fiscal problems with Republicans in power, since they ignore budget deficits that they criticize Democrats for. Remember when Bush 43 took the biggest budget surplus in our history (Clinton's last budget) and turned it into the biggest deficit in history, in only two years? And remember how the head Dick, Cheney said that deficits don't matter? Republicans are doing the same thing all over again now, instead of addressing the issue. The budget passed today will increase the budget deficit to $1.3 trillion, closing in on three times what it was when Obama closed out his presidency. At least he was moving in the right direction, until Trump took office and reversed the gains.

I told you what I'd do to solve the fiscal crisis. You have provided no solutions, only blind attacks with no substance.

@sunrisehawk We should also give some credit to Bush 41. He reneged on his pledge of no new taxes, yet once he became president, he realized that the way to make the nation more prosperous in the longer term was to increase some of the taxes that Reagan had cut too deeply. That decision is the kind of hard decision real presidents make, and it probably cost him the election, but the economy prospered in the 1990s, partially as a result of that decision. I doubt very much that any president would make that kind of decision today, in either party.

@sunrisehawk

@sunrisehawk [image deleted]

@SevIsPamprinYouAlways By the way, deficit is spending more than you bring in, debt is the accumulated money owed. Lowering the deficit isn't bad, but it is still spending more than received. And what did happen with the debt during Obama's two terms? Jeesh, fans of tax and spend will grasp any data or fact to push their partisan crap.

@sunrisehawk Agreed. Fans of tax and spend (in other words, Republicans) will say or do anything to avoid having to deal with facts.

So exactly how does Trump doubling or tripling the budget deficit in his first couple of years help with the national debt? You just can't handle the fact that Obama (and as pointed out above, Clinton before him) lowered the deficit while president, while every Republican president since Reagan has increased it during his term(s).

It is a good thing we'll be getting a Democratic president in 2021 to fix the messes created by Trump. Same as all the other times Democrats have been elected since 1980.