Let The Stock Market Burn!!!

[scourge165]

12 minutes ago, Caveira said:

I don’t think you counted state , local ,property, inheritance, net investment income tax , alternative minimum tax, estate and gift tax, additional Medicare taxes, etc….

I like how the moron "Scouts Honor" is liking your post when he cited a source that was even lower than mine. 

It's also cute how you're just listing off a bunch of exemptions.

You can gift 13.99M dollars in your life tax free, 19K a year, 38K married. 

The Estate Tax doesn't start until ~28M for married couples. The Government Collected 17.1B from Gift and Estate taxes TOTAL because you have Dynasty trusts with executors where you can just avoid it.

 

The "alternative minimum tax?" Do you even understand what this is? This is for people like Trump who paid 750 dollars in taxes how many years in a row(despite being a billionaire because...you get to claim depreciation on your properties despite the fact that they're not depreciating). It doesn't work and it feels like you're just citing taxes now. 

The carried interest tax, the QBI, tax loss harvesting, carried interest, Family Office...

 

Yeah, you're wrong, you're just repeating an old, tired talking point. 

 

JUST as you did when I predicted you'd tell me to "just give more money to the IRS, nobody is stopping you!"

 

[Caveira]

5 minutes ago, scourge165 said:

The "alternative minimum tax?" Do you even understand what this is? This is for people like Trump who paid 750 dollars in taxes how many years in a row(despite being a billionaire because...you get to claim depreciation on your properties despite the fact that they're not depreciating). It doesn't work and it feels like you're just citing taxes now. 

I pay it.  AMT.   And you are beyond wrong. 

Edited Wednesday at 01:45 AM by Caveira

[JimmySpeaks]

[Caveira]

2 minutes ago, scourge165 said:

JUST as you did when I predicted you'd tell me to "just give more money to the IRS, nobody is stopping you!"

Predict all you want.  You said I would happily pay more taxes.  Or something to that tune.  So pay them.  

[scourge165]

2 minutes ago, JimmySpeaks said:

 

I clicked on your post...probably 1 of the last 40 or 50 I've seen and... you're not smart enough to understand what you're reading.

"Barack Obama decreased the deficit during his Presidency, but still ended with a deficit."
"Joe Biden decreased the deficit in his first fiscal year, but his overall impact on the deficit remains to be seen."

Hey, Jimmy, really, stay out of the grown-ups arguments.

THEY'RE LITERALLY SAYING THEY CUT THE DEFICITS.

 

FIRST of all, it helps to know what a deficit is. It's the LAST YEARS budget. So when you take over for a Republican, you either spend MORE money than him or LESS than him.

You just showed me a link saying Obama and Biden did just that and Carter absolutely did. 

 

What you APPARENTLY thinks this means is did they ELIMINATE the deficit...which just once again indicates that...when the adults are talking, even if you are able to type words into Google, just...shhh. There is a reason you're on ignore. 

 

So again, EVERY Democrat has cut the DEFICIT and Ever Republican has INCREASED the deficit. 

 

[JimmySpeaks]

Just now, scourge165 said:

I clicked on your post...probably 1 of the last 40 or 50 I've seen and... you're not smart enough to understand what you're reading.

"Barack Obama decreased the deficit during his Presidency, but still ended with a deficit."
"Joe Biden decreased the deficit in his first fiscal year, but his overall impact on the deficit remains to be seen."

Hey, Jimmy, really, stay out of the grown-ups arguments.

THEY'RE LITERALLY SAYING THEY CUT THE DEFICITS.

 

FIRST of all, it helps to know what a deficit is. It's the LAST YEARS budget. So when you take over for a Republican, you either spend MORE money than him or LESS than him.

You just showed me a link saying Obama and Biden did just that and Carter absolutely did. 

 

What you APPARENTLY thinks this means is did they ELIMINATE the deficit...which just once again indicates that...when the adults are talking, even if you are able to type words into Google, just...shhh. There is a reason you're on ignore. 

 

So again, EVERY Democrat has cut the DEFICIT and Ever Republican has INCREASED the deficit. 

 

And Jimmy Carter ?  Was he president after Eisenhower? 

[Caveira]

4 minutes ago, scourge165 said:

I clicked on your post...probably 1 of the last 40 or 50 I've seen and... you're not smart enough to understand what you're reading.

"Barack Obama decreased the deficit during his Presidency, but still ended with a deficit."
"Joe Biden decreased the deficit in his first fiscal year, but his overall impact on the deficit remains to be seen."

Hey, Jimmy, really, stay out of the grown-ups arguments.

THEY'RE LITERALLY SAYING THEY CUT THE DEFICITS.

 

FIRST of all, it helps to know what a deficit is. It's the LAST YEARS budget. So when you take over for a Republican, you either spend MORE money than him or LESS than him.

You just showed me a link saying Obama and Biden did just that and Carter absolutely did. 

 

What you APPARENTLY thinks this means is did they ELIMINATE the deficit...which just once again indicates that...when the adults are talking, even if you are able to type words into Google, just...shhh. There is a reason you're on ignore. 

 

So again, EVERY Democrat has cut the DEFICIT and Ever Republican has INCREASED the deficit. 

 

I know you think we’re all dumb. Why would Chat gpt tell me this ?

 National Debt When Obama Took Office

•  January 20, 2009

• Total National Debt:
   $10.63 trillion

---

 National Debt When Obama Left Office

•  January 20, 2017

• Total National Debt:
   $19.95 trillion

[scourge165]

5 minutes ago, JimmySpeaks said:

And Jimmy Carter ?  Was he president after Eisenhower? 

I was really just pointing out your inability to read and understand what YOU were writing.

 

Quote

 

Deficit Reduction Under Carter

• Deficit as a Percentage of GDP: When Carter took office in 1977, the federal deficit was approximately 4% of GDP. By the end of his term in 1981, this had decreased to about 2.5% of GDP, indicating a relative reduction in the deficit's size compared to the economy.

• Debt-to-GDP Ratio: The national debt as a percentage of GDP also saw a slight decline, from 33.6% in early 1977 to 31.8% in late 1980.

 

•  

[JimmySpeaks]

8 minutes ago, scourge165 said:

I clicked on your post...probably 1 of the last 40 or 50 I've seen and... you're not smart enough to understand what you're reading.

"Barack Obama decreased the deficit during his Presidency, but still ended with a deficit."
"Joe Biden decreased the deficit in his first fiscal year, but his overall impact on the deficit remains to be seen."

Hey, Jimmy, really, stay out of the grown-ups arguments.

THEY'RE LITERALLY SAYING THEY CUT THE DEFICITS.

 

FIRST of all, it helps to know what a deficit is. It's the LAST YEARS budget. So when you take over for a Republican, you either spend MORE money than him or LESS than him.

You just showed me a link saying Obama and Biden did just that and Carter absolutely did. 

 

What you APPARENTLY thinks this means is did they ELIMINATE the deficit...which just once again indicates that...when the adults are talking, even if you are able to type words into Google, just...shhh. There is a reason you're on ignore. 

 

So again, EVERY Democrat has cut the DEFICIT and Ever Republican has INCREASED the deficit. 

 

I love the line in there that says “Other Democratic Presidents during this period, like Jimmy Carter did NOT end their terms with a deficit decrease.  

Edited Wednesday at 01:56 AM by JimmySpeaks

[scourge165]

2 minutes ago, Caveira said:

I know you think we’re all dumb. Why would Chat gpt tell me this ?

 

 National Debt When Obama Took Office

•  January 20, 2009

• Total National Debt:
   $10.63 trillion

---

 National Debt When Obama Left Office

•  January 20, 2017

• Total National Debt:
   $19.95 trillion

OK...FIRST you define what the DEFICIT is and lets see if you can distinguish that from the DEBT.

Then you go and compare Bush and the DEFICIT he left and Obama's deficits. 

 

Jesus Christ...

[Caveira]

1 minute ago, scourge165 said:

OK...FIRST you define what the DEFICIT is and lets see if you can distinguish that from the DEBT.

Then you go and compare Bush and the DEFICIT he left and Obama's deficits. 

 

Jesus Christ...

I doubt you’re religious.  Other than that sir Obama doubled the deficit.  Easy peasy boss.  I also only googled one D president.  Are the others better or worse ?

Edited Wednesday at 01:58 AM by Caveira

[JimmySpeaks]

2 minutes ago, scourge165 said:

I was really just pointing out your inability to read and understand what YOU were writing.

 

•  

I’m just posting what AI said is all 

[JimmySpeaks]

4 hours ago, scourge165 said:

And AGAIN, I repeat...every single Democrat President has CUT the deficit since Eisenhower(I didn't look beyond Eisenhower...though I'd suspect Truman didn't coming out of the War and then right into another and if FDR did...he only cut his own). 

Every SINGLE Republican has increased the deficit since Eisenhower.

They're not the same. 

The Democrats haven't been great. The Republicans by all measure have been worse. 

This you? 

[Caveira]

Just now, JimmySpeaks said:

This you? 

I feel like one of them doubled it.   Weird.   Statistics are funny. 

[JimmySpeaks]

23 minutes ago, JimmySpeaks said:

 

For the third time.  

[JimmySpeaks]

Just now, Caveira said:

I feel like one of them doubled it.   Weird.   Statistics are funny. 

There is a difference between debt and deficit.  But yes DEBT did double under Obama 

[JimmySpeaks]

8 minutes ago, scourge165 said:

I was really just pointing out your inability to read and understand what YOU were writing.

 

•  

I didn’t write anything.  That was AI that wrote it. All I did was google exactly what YOU stated and that’s the answer I got back.   So I thought I’d post it, sit back and watch you argue with AI. 

[scourge165]

8 minutes ago, JimmySpeaks said:

I love the line in there that says “Other Democratic Presidents during this period, like Jimmy Carter did NOT end their eras with a deficit decrease.  

Same question I asked Caveira to you...

 

[scourge165]

9 minutes ago, Caveira said:

I doubt you’re religious.  Other than that sir Obama doubled the deficit.  Easy peasy boss.  I also only googled one D president.  Are the others better or worse ?

Ok...so you do NOT understand what the deficit is vs the DEBT.

This is BASIC-BASIC economics. 

 

Quote

 

Deficit Reduction in Raw Dollars

• In FY 2009, the deficit peaked at approximately $1.4 trillion, driven by the Great Recession and emergency stimulus measures politifact.com+15manhattan.institute+15manhattan.institute+15politifact.com+2en.wikipedia.org+2reddit.com+2.

• By FY 2013, the deficit had fallen to $680 billion—about a 52% drop from its peak politifact.com.

• FY 2015 saw further improvement, with the deficit at $439 billion (~2.45% of GDP) en.wikipedia.org.

---

Deficit as a Percentage of GDP

• 2009: ~9.8% of GDP

• 2013: ~4.1% of GDP—a reduction of more than half lemonde.fr+15politifact.com+15time.com+15.

• Experts describe this as the most rapid deficit cut in six decades cbsnews.com+3politifact.com+3washingtonpost.com+3.

---

Why the Deficit Fell

1. Economic Recovery

   • As the economy revived, tax revenue increased while automatic stabilizer spending declined (e.g., unemployment benefits) heritage.org+2en.wikipedia.org+2reddit.com+2.

2. Policy Measures

   • Obama put forward a budget plan aiming to reduce future deficits by $4 trillion over 12 years through a mix of spending restraint and targeted tax increases cbsnews.com+1cbsnews.com+1.

   • The Affordable Care Act itself was projected to lower the deficit by $275 billion over ten years en.wikipedia.org+2manhattan.institute+2politifact.com+2.

3. Post-Recession Adjustments

   • Lower-than-expected interest rates reduced debt service costs.

   • Berlin and Medicare projections were revised downward, helping narrow the deficit politifact.com+1reddit.com+1.

---

The Bottom Line

• Yes, Obama cut the deficit by around half, both in dollar terms and relative to GDP, during his presidency.

• However, even after reductions, the deficit remained in the hundreds of billions—and total national debt continued to grow politifact.com+4manhattan.institute+4reddit.com+4.

• Measuring progress by percentage of GDP provides a more accurate view across economic cycles.

---

Summary Table

Metric	FY 2009	FY 2013	Improvement
Deficit ($)	$1.4 T	$0.68 T	↓ ~52%
% of GDP	9.8%	4.1%	↓ >50%

---

Final Takeaway

President Obama did achieve a major reduction in the federal deficit, particularly by halving it from its peak levels. Still, the government continued running substantial deficits, and the national debt kept increasing, albeit on a slower growth trajectory.

Would you like a deeper dive into how this compares to other presidents or the breakdown between revenue and spending impacts?

 

 

 

Sources

 

 

 

[JimmySpeaks]

1 minute ago, scourge165 said:

Same question I asked Caveira to you...

 

So you’re saying AI is wrong?  Got it. 

[JimmySpeaks]

3 minutes ago, scourge165 said:

Same question I asked Caveira to you...

 

When you google YOUR exact statement AI says you’re wrong.  Please tell us why that is ?   

[scourge165]

9 minutes ago, JimmySpeaks said:

I’m just posting what AI said is all 

You mean where it literally says Obama cut the deficit?

 

I think like Caveira, you're both SO clueless, you don't understand the difference between DEFICIT and DEBT. 

 

The DEBT is the total amount of money we owed.

The DEFICIT is the YEARLY spending... so when it says "Barack Obama decreased the deficit during his Presidency, but still ended with a deficit."

You really aren't smart enough to understand what that is saying? Then why are you arguing?

[Scouts Honor]

1 hour ago, scourge165 said:

Yes...corporations are the middle class as are the executives who get their pay via stock options.

 

WTF are you getting it's the Middle Class I want to target?

 

people making 150K are corporations? 

 

[Scouts Honor]

56 minutes ago, scourge165 said:

Yeah, it's not about WANT you child. I don't think they WANTED to go fight in a War because a pathetic little guy with a Mustache started a war vs...the world. 

 

They did it though. That's the point stupid. And they did at a rate 6,7 TIMES higher. 

 

Who would argue with an EFFECTIVE corporate tax rate of 15% if their tax rate is supposed to be 21%?

Someone who knows those numbers are meaningless. 

 

Cut Fema, Cut the FDA, Cut ICE, cut...all Federal funding for EVERYTHING... keep the defense spending, Medicare, social security and paying the interest. 

 

Tell me with JUST those cuts and Trump's proposed tax cuts...how long until we pay off the debt? So basically EVERYTHING except for Military and the programs we pay into?

you should study a little history

[JimmySpeaks]

3 minutes ago, scourge165 said:

You mean where it literally says Obama cut the deficit?

 

I think like Caveira, you're both SO clueless, you don't understand the difference between DEFICIT and DEBT. 

 

The DEBT is the total amount of money we owed.

The DEFICIT is the YEARLY spending... so when it says "Barack Obama decreased the deficit during his Presidency, but still ended with a deficit."

You really aren't smart enough to understand what that is saying? Then why are you arguing?

Yep Obama did decrease the deficit and added to the debt.  Still doesn’t make your statement about every Democrat president since Eisenhower cutting the deficit true.  It’s ok. You can admit it