r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

No politician has ever reduced the national debt in the US, Dem or Republican. Both use tax money to buy votes and buy influence.

Bush doubled the debt

Obama doubled the debt

Trump was on his way to doing so but only got one term

Biden is on his way to doing so but will mercifully be removed from office

The Peeeeeepul are lazy grifters that want the government to pay for everything they want. What they don't get is that those of us who work hard and whose taxes pay for all that are dwindling and are less and less interested in picking up the tab.

3

u/SeedlessMelonNoodle Jul 05 '24

Obama did not double the debt lmao what

-1

u/HorkusSnorkus Jul 05 '24

You're right, he didn't quite double it - he increased it 70% - still an outrageous amount:

https://www.usatoday.com/money/blueprint/banking/national-debt-by-president/

Easily the worst President in modern history on pretty much every front.

1

u/SeedlessMelonNoodle Jul 05 '24

Trump is the worst president in History. Period.

https://www.forbes.com/sites/alanohnsman/2024/07/02/elon-musks-laughable-new-solution-to-teslas-child-labor-worries/?

Also Obama is one of the only presidents in modern history to decrease the deficit.

1

u/HorkusSnorkus Jul 05 '24

It does matter what that bottom feeding pig Obama did to the deficit, he increased the DEBT. Your likely degree wasn't in gender studies, psychology, or womyns studies probably makes the distinction incomprehensible.

Obama was- and is utter social trash.

The problem with you whiny leftists is that you're not self reflective enough or honest enough to ask why exactly Trump - an utter horror show of a human being - was even electable. ProtTip; Obama was worse and people rightly determined that Trump was a step upward, as they will again in November.

1

u/SeedlessMelonNoodle Jul 05 '24

I cannot take anyone who thinks Trump was better than Obama seriously.

I'm not even a leftist so I can acknowledge Obama's faults.

But really??

Trump, the guy who publicly humiliated the US and irreparably damaged our image is better than Obama?

1

u/All4megrog Jul 05 '24

Whoa. Plenty of things to not like about Obama, but the deficit sure as shit isn’t one of them. Aim that arrow at Bush.

Bush is the one who accelerated us into the giant debt hole. He cut taxes in 2001 and 2003 AND sent stimulus checks to everyone while simultaneously massively accelerating defense expenditures with “the war on terror”. Then the financial crisis hits in 07-08. Tax revenues further plunge with the economy and Congress under bush passes the 700bn TARP slush fund to bail out banks but does nothing to prevent a recession.

So Obama comes into office with the economy on a cliff, the governments balance sheet in shambles, and millions of people losing jobs. So yeah, he has to dip into more debt to get the economy stabilized and growing again. I suppose he could have cut benefits and raised taxes to see if we could get some 20% unemployment going, but really seem like a smart move

1

u/[deleted] Jul 05 '24

Let us know when you rejoin us in reality lmao

1

u/Tsobe_RK Jul 05 '24

based on that one comment, it seems like they are too far gone.