2022 Midterms thread

[Chico23231]

Originally Posted by punch it in

Second, the national debt (adjusted for inflation) increased more rapidly under the past four Republican administrations — at an average annual rate of 10.2 percent during the Reagan administration, 8.2 percent and 5.9 percent during the two Bush administrations, and 6.8 percent during the Trump administration — compared with only 1.6 percent and 4.6 percent during the Clinton and Obama administrations, respectively.
If those four Republican administrations had been as fiscally responsible as their Democratic counterparts, the national debt would be about 70 percent lower than it is, increasing from 31 percent of gross national product in 1981 to 37 percent today — rather than the actual 123 percent for fiscal 2021. For Republicans to oppose raising the debt ceiling, and to frame this hostage-taking as a commitment to fiscal restraint, is the height of hypocrisy when their administrations have been in charge during most of the debt increase of the past 40 years.

Those are facts. But please go on about how Biden could have just waved his magic wand. Lol

“Those are the facts”….lol.

The excuse making for this economy ain’t gonna work. It’s completely owned by this administration.

[punch it in]

Originally Posted by Chico23231

“Those are the facts”….lol.

The excuse making for this economy ain’t gonna work. It’s completely owned by this administration.

No. It is not. Everyone knew in February of 2020 a recession was possible because of Trumps handling of the economy for four years. There were rumblings of a recession well before that actually. But you and others ignored it because you and others think that our pocket books feel the economy in real time. They don’t. Republican administrations and their fiscal irresponsibility have started the last four recessions. Fact. Than Democratic administrations have to bail them out, and that is not simple to do. Im not going to go back and forth with you because you clearly do not understand how a recession works. It isn’t instant. It takes time for it to come back to us. People were saying this in 2018, 19, and 20. You refused to listen.