>

Fell to... still incomprehensible and eye-watering. Ugh.
anyone remember the Clinton budget surplus? some of us do. no wonder the gqp lost its sh*t over him >

I remember. And I was young too but EVERYONE was talking about it. >

It is possible to have a prosperous country and budget surplus in government but it requires Democrats in charge. >

So it'll never happen in America. >

If we still have a democracy in a few years, younger generations (Millennials and Zoomers) are about to overtake Baby Boomers in voting numbers, are growing more and more politically engaged and increasingly hate conservatism with a passion. >

Saddest part of this is that we’ve had the numbers to at least match boomers at the polls for years, but Millennial turnout just broke 50% a few years ago. >

We're trying. I got my wife to vote for the first time ever, and we just turned 30 >

Lol why is the picture a picture of Kevin McCarthy shaking someone's hand? >

Because it works on a non zero percent of people. >

What does? >

The subtle implication that the brand-new Speaker of the House had something to do with lowering the deficit. >

Why would the times do that? >

Journalism has been dead for awhile now and is mostly just a political dog show now. >

Debt is not the same as deficit >

Not sure I follow your point.  You would agree that deficit spending results in debt, correct?  
Trump's tax cuts to the 1% for their historic stock buyback resulted in the third-biggest deficit increase of any president. >

Yes I would.  But people use debt and deficit interchangeably and they are different calculations >

And what does that have to do with the person you were responding to? >

Because this post is about deficit and they're talking about debt >

Except they're actually talking about debt. Did you even look at their link?
Before Trump the DEBT was at ~20 T. After Trump it was at ~28 T. >

The title of this post is deficit >

The great thing about the comment section of reddit is we get to talk about things not strictly pertaining to the subject of the post >

Dems always lower the deficit, and Republicans always explode it, but stupid brainwashed clowns believe otherwise >

I keep hearing that but haven’t been able to find any sort of breakdown. Does anyone have a resource or like a timeline that shows national debt and who’s in charge of the senate, house, White House, etc? >

The Republicans under W did not let anything stop them from cutting taxes. Not even concurrent wars in Afghanistan and Iraq. >

correct. they use "tax and spend democrats" as a pejorative when they are the cut taxes and spend more republicans. one side is responsible the other not so much >

Yep. "Tax and spend" vs. "don't tax and spend more." The hypocrisy drives me insane. >

That can’t be right….I thought that when librul commies always blow up the deficit? >

It’s all good, it’s republicans in the photo like they did a fucking thing about it >

So it looks like the old man, Biden,b and the Democrats know what he is doing.   👏👏👏👏 >

Imagine how much lower if they taxed the rich >

Or if we had the same tax rates that Saint Reagan had. >

and the image is of the new gop congress?? >

Right! >

Why show republicans in m article bout the deficit falling when they had absolutely nothing to do with it? >

Why is there an image of Republicans under the title.  WTF >

Was thinking the same thing >

2 years and the Biden Admin cut the deficit down by more than half. The GOP House: “we can’t have that!” >

And the Republicans claim otherwise.  
It’s a shame that their followers don’t believe printed numbers from reliable sources vs fallacies spewed from their lying mouths >

Don’t get used to it. The NatC’s are making it their platform to raise that figure as high as possible. >

Why did the deficit fall - because Democrats were in charge. Then the cult liars lie to win more House seats and instead of continuing to reduce the debt, the cult wants to defund the new IRS hires set to recover billions from wealthy tax cheats. They are also taking away the metal detectors in the Capitol, abolishing the Ethics Committee and refusing to say one peep against George Santos. >

Those tax and spend democrats are at it again…. >

Please remember, deficit is different than debt >

Came here for this. I hope it’s bumped. 
My understanding is:
-   Deficit: How much you lose every year from operations
-   Debt: How much you owe over time
So if we’re spending $1 billion more than we make every year (not an accurate number) - we have a $1B deficit. 
If you did that for 10 years (with no initial debt) you’d have a $10B National Debt. 
Lowering the deficit is the first (only?) step towards lowering the National Debt but the National Debt will never be lowered until the deficit is eliminated and there is a surplus. 
The hope is always that the next generation will dig us out while we live the good life. Kinda like if your parents put their whole life on credit card and left you the bill when they died. Oops! shrugs in Boomer >

Scary that a $1.4T deficit is viewed as a good thing. The days of a surplus (Clinton) and even $400B deficits (Obama) are long gone. >

Unfortunately we have to keep digging out of the hole the Republicans make and it gets deeper and deeper. >

Oh thank god. No worries now then, we're fucking saved. >

Heyy! Only 1.4T a year! 😔 >

And now the sociopathic trumphumping GOP in the House are going to spend until it skyrockets, despite of promising to reduce it. >


The federal budget deficit fell to $1.4 trillion for the 2022 calendar year, 

Yay!  

down from $2.6 trillion a year ago, as pandemic emergency spending slowed

Oh.
I guess it's not hard to go down from all that emergency spending.  It seemed like much better news without context. >

Yeah…but wasn’t it at well over 3 trillion a couple years ago?  Getting it under $3 trillion was to be expected.  Getting it close to $1 trillion sounds like a major accomplishment. >

There's no doubt lower is better.  And it's even harder to do now that Trump cut revenues so much.
You can expect the Republicans to plead poverty and demand to slash programs. >

Woohoooo I can sleep tonight! >

Gimme one of those Biden “I did that”stickers >

It’s about to rise >

Anyone got one of those Biden "I did that" stickers? >

Continuing to fall from the covid spending levels isn’t really an achievement