“BTW, you'd be hard pressed to name a time when a Republican was able to get tax cuts passed in a Democrats-controlled House unless he also agreed to them getting a bunch of funding for their social programs.”
I believe Republicans had majorities in both houses when President Trump’s tax bill was passed.
From a different post: “Yet, Trump turned the economy around, and the deficit took care of itself.”
2017 deficit: $665.5B
2018 deficit: $779.1B
2019 deficit: $983.6B
2020 deficit: $3.132T
2021 deficit: $2.775T
Explain how the deficit took care of itself…?
Okay, I was misremembering that the Dems lost control of the House under Obama. But, the Swamp GOP members more than made up for that.
As for the deficit, did you miss the part where I said the wars we were fighting were 100% funded with deficit spending? Those amounts compunded year after year, causing the debt to increase.
And as for 2017, that was still Obama's fiscal year and policies at work which were put in place Oct 1, 2016.
Are you also blaming Trump for the COVID 19 Pandemic?
Our national debt is over $33 Trillion. Do you see any end in deficit spending in sight? So far, the deficit has taken care of itself. The government continues to function -- if we can call it that -- and until we get major control over our spending, that's not going to change.
Trump played by the rules Congress allowed -- keeper of the budget. I+His policies created a prosperous 4 years until COVID hit. I still would rather have his policies than Mr. Shovel-Ready New-Norm Obama.
President Obama had the largest deficits. By the end of his final budget, FY 2017, his budget deficits
totaled $6.781 trillion over his eight years in office. That's a 58% increase from President George W.
Bush's last budget.
Obama took office during the Great Recession. He immediately needed to spend billions to stop it.
He convinced Congress to add $253 billion from the economic stimulus package to Bush’s FY 2009
budget. The American Recovery and Reinvestment Act added an additional $534 billion over the rest o
f Obama’s terms.7
In 2010, the Obama tax cut added $858 billion in deficits in its first two years. Federal income
decreased due to lower tax receipts from the 2008 financial crisis.
Social security and Medicare benefits were eating up more of the budget, and healthcare costs were
rising as the American population aged.
In 2010, Obama signed the Patient Protection and Affordable Care Act.8 It sought to reduce healthcare
spending. The Congressional Budget Office (CBO) and the Joint Committee on Taxation estimated that
the legislation would reduce federal deficits by $337 billion between 2017 and 2026.9
President Trump took office in 2017. By the end of his term four years later, he was estimated to hold
$6.6 trillion in deficits, a 33% increase. The CBO predicted that the COVID-19 pandemic would increase
the FY 2020 deficit by $2.2 trillion and the FY 2021 deficit by $600 billion.10
In March 2020, Trump declared a state of emergency as the pandemic broke out in the United States.
Nonessential businesses closed, and Americans were urged to shelter in place. Congress passed the
$2 trillion CARES Act, along with other stimulus measures. The combination of reduced tax receipts and
increased stimulus spending created record deficit levels.
https://www.thebalancemoney.com/deficit-by-president-what-budget-deficits-hide-3306151