Market turmoil

[thinkxingu]

Originally Posted by Irish mist

10 trillion of that debt alone comes from the president you left out....Obama. More debt than all administrations in American history combined. It's a mess in D.C. & I don't see that clearing up anytime soon. Tax cuts bring in more money to the government....problem is the government never cuts the spending.

They don't call it the "uni-party" down there for nothing.

Ummm...no, that $10 trillion isn't accurate. Or, more precisely, it takes into account issues Obama had no control over. For example, Bush's tax cuts and the recession led to less income, which people disingenuously add to Obama's "deficit." Add increasing costs--social security, war on terror (started by Bush), etc.--and the number gets even lower.

It's awesome how much numbers can be manipulative. Such as how Trump slammed Obama's use of 5% unemployment a year ago--claiming it was probably more in the 20's--but then a year later uses the same metrics he slammed.

Of course, people clearly suck up the data--vive la confirmation bias!--so they keep spinning and spinning and...

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