Except that when Obama was President, he reduced the deficits by letting tax cuts for the rich expire, which slowed the growth of debt.
What a load of fucking horseshit.
Inaccurate,
LAZY fucking horseshit.
Even with the MILD 2001 recession, the 2001 budget
was still in surplus.
You see the Deficit/surplus number for 2001?
$120B SURPLUS.
So the 2001 recession, which was so mild that GDP growth for 2001 was still positive at 1.9%, didn't result in a deficit in 2001, nor would it because the 2001 recession ended by October 2001.
Flash won't even do the bare fucking minimum anymore.
He's gone full Conservative; entitled fucking laziness.
As usual LV426 chooses numbers that support his political views. He thinks ranting, insults, and vulgarity will make readers overlook his cherry picked numbers just like he couldn't explain why consumer spending and disposable income continued to increase after tax cuts when he claimed people had less money to spend because somebody cut their benefits.
Why don't we used updated data from the Treasury Department
FY 2001 (Deficit/Surplus)
Oct: 11,321
Nov: 23,690
Dec: −32,66
Jan: −76,379
Feb: 48,168
Mar: 50,662
Apr: −189,796
May: 27,919
Jun: −31,862
Jul: −2,820
Aug: 79,990
Sep: −35,271
YTD: -127,045
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0302.pdf (Table 1, p.2)
There was a deficit for six month of the FY2001 fiscal year. This shows a deficit for the entire year, but whatever annual figure we choose it is obvious the 2001 recession of 8 months affected the deficit/surplus and there was no surplus for much of the year.
Debt:
1996: 5,224,810,939,135.73
1997: 5,413,146,011,397.34
1998: 5,526,193,008,897.62
1999: 5,656,270,901,615.43
2000: 5,674,178,209,886.86
2001: 5,807,463,412,200.06
Despite this "surplus" even before 2001 the debt continued to increase every year. It is only a "surplus" if we don't count some of the spending. Claiming a surplus while your debt is increasing is good PR but not an accurate picture. People use publicly held debt or intergovernmental debt when convenient.