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MyNameIsJonas

(744 posts)

32. Debt and deficit are two different things.

Reply to ancianita (Reply #16)

Sat Sep 23, 2023, 05:17 PM

Sep 2023

Clinton did slow the increase in debt, as it grew by 161% under Reagan and 42% under H.W Bush (it grew by only 28.6% under Clinton) but he didn't clear it.

Debt also rose significantly under Obama (64.4%) but lower than what it was under Bush (72.6%).

It's grown by 8.8% under Biden but he also entered with the country having seen a significant amount of debt accumulation the last 20 years.

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Roll back the Bush and trump tax cuts. [View all] onecaliberal Sep 2023 OP

I don't know about the bush tax cuts. But the trump tax cuts expire in 2025. jimfields33 Sep 2023 #1

Not all of them expire. CrispyQ Sep 2023 #2

I think the super rich also get to keep their cuts, along with the new tax avoidance loopholes Lonestarblue Sep 2023 #10

"corporations get to keep theirs"... typical. don't bite the hand that pays you...nt mitch96 Sep 2023 #24

The 1%ers definitely get to keep the extra seven million dollars saved over ten years. czarjak Sep 2023 #43

Not the capital gains tax cuts. Those are permanent. KPN Sep 2023 #14

Ironically... WE shouldn't want the Trump Tax Cuts to expire in 2025. WarGamer Sep 2023 #28

I wish tRump would "expire" by 2025 BigmanPigman Sep 2023 #36

Yes. Repeal them all. Grins Sep 2023 #3

The Tax Reform Act of 1986 set the maximum capital gains rate at 28% nt Shermann Sep 2023 #6

Hell, the upper rate under Eisenhower was 90%! It's been a KPN Sep 2023 #15

So you think it is a good idea for Democrats to run on significant tax increases for all voters tritsofme Sep 2023 #38

And the reagan ones as well Fullduplexxx Sep 2023 #4

Rollback to the 1982 tax year rates. roamer65 Sep 2023 #5

I'm on board with that. byronius Sep 2023 #11

+1 2naSalit Sep 2023 #17

The repubs didn't control the House after the 2018 elections. onenote Sep 2023 #7

How about the $3 trillion justaprogressive Sep 2023 #8

+1 leftstreet Sep 2023 #9

+2 2naSalit Sep 2023 #18

A new system is my vote. twodogsbarking Sep 2023 #12

+1 2naSalit Sep 2023 #19

I favor the transaction tax as described by Ellen Brown airplaneman Sep 2023 #37

Yes!This. Brown (and Warren) stuffmatters Sep 2023 #42

It is surprising me that the common man is getting smart Stargazer99 Sep 2023 #13

Yep. ancianita Sep 2023 #16

And the last admin... 2naSalit Sep 2023 #20

Debt and deficit are two different things. MyNameIsJonas Sep 2023 #32

Wasn't about half of the debt under Obama not fooled Sep 2023 #39

I'm not sure what Hartman said - but a good chunk of the debt accrued under Obama... MyNameIsJonas Sep 2023 #41

Ding, Ding, Ding! Picaro Sep 2023 #21

Seems to me the simplest answer is: Go where the money is. calimary Sep 2023 #22

More specifically, go where the DARK money is. Those billionaires keep hidden, but they should be ancianita Sep 2023 #25

That, too. DEFINITELY. calimary Sep 2023 #27

Just make laws that make the Citizens United case obsolete, and undo Dobbs. BComplex Sep 2023 #30

Eat the rich. hay rick Sep 2023 #23

And raise the cap on SS. n/t ariadne0614 Sep 2023 #26

Maybe we'll get that doughnut hole during a second term? nt Shermann Sep 2023 #29

K&R. William769 Sep 2023 #31

They don't give a rat's behind about the debt. They only make noise about it when there is a LoisB Sep 2023 #33

yep. Evolve Dammit Sep 2023 #34

Let's start with the Reagan tax cuts. PoindexterOglethorpe Sep 2023 #35

Yup. Johonny Sep 2023 #40

It really is that simple of a solution. Emile Sep 2023 #44