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Originally Posted by PitDAWG
The U.S. federal budget deficit for fiscal year 2025 was $1.8 trillion, according to the Congressional Budget Office

Higher than all but one of Biden's years (other than 2021 which was still covid).

Hence the statement that what was posted is PURE and UTTER fanboy lies.


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Originally Posted by mgh888
Factually untrue. But never let facts get in the way of your political spin.

oh yeah?

prove it.


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https://www.newsweek.com/economist-...elp-bidens-plan-45-times-too-big-1568694

http://news.ucr.edu/articles/2021/03/08/navigating-19-trillion-stimulus


There are additional considerations. If a large one-off fiscal stimulus to deal with an unprecedented shock, such as the COVID-19 stimulus, is terminated at some clearly determined time, it is unlikely that there will be long-term consequences for inflation expectations. But large fiscal stimuli that will not be an exception but the norm in the post-COVID era could lead to more serious concerns about surge in inflation.

Furthermore, any rise in inflation in the U.S. can have international ramifications. For instance, it may dissuade European conservative leaders from adopting the fiscal stimulus to finance Europe’s recovery from the pandemic. And a big fiscal stimulus is perhaps even more important for Europe, where the economic impact of the pandemic has been worse and the recovery weaker than in the U.S.


https://www.cato.org/commentary/democrats-have-forgotten-first-lesson-pandemic-economics

Democrats Have Forgotten the First Lesson of Pandemic Economics

https://www.aei.org/op-eds/yes-the-biden-stimulus-made-inflation-worse/
Yes, the Biden Stimulus Made Inflation Worse

https://www.wral.com/story/fact-check-did-biden-s-government-spending-cause-inflation/20247768/
Fact check: Did Biden's government spending cause inflation?

Estimating the impact of the American Rescue Plan
No magic formula can reveal precisely how much the American Rescue Plan fueled inflation, but the general consensus is that it was a contributor. Some economists estimate that it added two percentage points to the rate, some say it added up to four percentage points. Put another way, out of the 8.5% rate in March, the measure accounted for something between one quarter to one half of inflation.



https://www.brookings.edu/articles/...s-of-bidens-1-9-trillion-fiscal-package/

The macroeconomic implications of Biden’s $1.9 trillion fiscal package

By late 2021, we would likely see the economy operating above its maximum sustainable level. That positive output gap would likely put upward pressure on inflation, which the Federal Reserve has said would be welcome. A risk worth noting is that the return of GDP back to its maximum sustainable level may create a difficult economic period after 2021. While our estimates show a “soft landing,” with a temporary and shallow decline in GDP after the fourth quarter of 2021, the slowdown could be more abrupt and painful than our projections suggest.





Arguments that the Biden administration's stimulus, particularly the $1.9 trillion American Rescue Plan of 2021, harmed the economy later in 2024 center on fueling high inflation, increasing the national debt, and necessitating high interest rates.



Critics argue this excess demand contributed significantly to the cost-of-living crisis. Others argue the stimulus caused long-term inflationary pressure.



Inflationary Impact: The stimulus is widely seen as having contributed to a surge in demand, which, combined with supply chain issues, caused inflation to rise significantly between 2021 and 2024.
Persistent High Costs: While inflation cooled, the cumulative effect of price increases during this period left many Americans struggling with a higher cost of living in 2024.
Interest Rates: To combat the inflation partially caused by this spending, the Federal Reserve raised interest rates, leading to higher mortgage and borrowing costs for consumers in 2024.
Debt and Deficit: The high deficit spending, including the stimulus, is associated with a rising national debt, which can create long-term economic drag.


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I agree with you on the Biden-era stimmies coming back to bite us now. That will be something that will be used against Dem candidates for a while.

What I'm wondering, though... is if that is such a big issue, then why is this admin goofing around on tariffs and exacerbating price/cost issues?


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I'm just curious as to why people think programs that ended well before 2025 would be increasing the budget in 2025? The only program I know of that still had any financial impact on the 2025 budget was the continuing credits for Obamacare. I don't doubt that trump will still try to blame Biden for their own failures because that seems to be their go to move.

But people are so tired of hearing that excuse by now it's more like The Boy Who cried Wolf.


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Policies that impact inflation aren't a light-switch. Current-day inflation is the result of policies rolled out years ago.

That's why the whole inflation argument is usually pretty dumb. The admin that has had to answer for inflation during their years is rarely the one that who enacted the policies responsible for the numbers.


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Inflation rose to 8% in 2022 during the pandemic. That type of inflation was on a global scale and not limited to the U.S.

Biden did not set "global" policies. In December of 2024 the inflation rate was 2.9%. That was the last full month Biden was president.

I'm not so sure why anyone would think that after Biden lowered the inflation rate from 8% in 2022 to 2.9% in December of 2024 that's it's still his fault that trump has barely managed to move the needle.


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Originally Posted by superbowldogg
This correction is a direct result of the gov handout to companies & people during covid.

this is correct. However, the biden bucks are the thing that put it way over the top.

.

Your statement is false. You've cited Covid - then said the impact of Biden was worse and put it over the top. That's complete hogwash.


In case you haven't ben paying attention - the deficit has gone up under every administration. Nat Debt in 2019 pre-covid was $22,719 B. In just one covid year it jumped to $26,945 B. That's the single biggest impact no matter what political lens you want to look through.

So your statement is false - no matter what conservative leaning commentary you want to post. I have no doubt Biden enacted policy that added tot he debt. So did Trump. As have most admirations. I feel certain you would defend the Trump numbers during covid (rightly so) yet you want to use numbers from Biden administration during the Ukraine war that have impacted the world globally. It undermines any argument you try to contrive.


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Originally Posted by PitDAWG
Inflation rose to 8% in 2022 during the pandemic. That type of inflation was on a global scale and not limited to the U.S.

Biden did not set "global" policies. In December of 2024 the inflation rate was 2.9%. That was the last full month Biden was president.

I'm not so sure why anyone would think that after Biden lowered the inflation rate from 8% in 2022 to 2.9% in December of 2024 that's it's still his fault that trump has barely managed to move the needle.

Because some items won't be able to drop all that much. You have to remember their was a massive push to increase wages across the board. While the price of eggs has come down because chicken populations have risen, wages haven't. It's hard to reduce wages.

The reality is once prices escalate, they rarely ever revert back to a previous level except for possibly new technology that starts high then usually drop.


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But let's get back to the actual premise shall we? The assertion was that this irreversible inflation was due to "policies" set by previous administrations.

Rising wages was not any policy set by any administration. Hell, the federal minimum wage has been the same since 2009. Many states have raised their minimum wage.

And secondly "inflation" has nothing to do with prices "going back down". Inflation is how much prices are increasing by. Those are two very different things.


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Analysis: These two new economic numbers blew a hole in Trump’s rosy narrative
By
Daniel Dale

A vessel passes a container ship loaded with shipping containers at the Port of Los Angeles on February 20, 2026. Mario Tama/Getty Images
Two new pieces of economic data, one released Thursday and one released Friday, blew another hole in President Donald Trump’s triumphant narrative about the effects of his tariffs.

The figures released early Thursday showed Trump had wildly overstated the impact of the tariffs on the trade deficit. The figures released early Friday showed he also had wildly exaggerated economic growth in the fourth quarter of 2025.

The Supreme Court struck down many of Trump’s tariffs later on Friday. But other tariffs remain in place, and Trump quickly said he plans to replace the ones the court declared illegal with new tariffs under a different law.

The trade deficit was down 0.2% in 2025, not down ‘78%’
Trump has for years highlighted the trade deficit – the difference between the value of US imports and exports – as a supposed example of how the US is being “ripped off” by other countries. (Many economists disagree with his characterization.) On Wednesday evening, he posted a celebratory message on social media.


“THE UNITED STATES TRADE DEFICIT HAS BEEN REDUCED BY 78% BECAUSE OF THE TARIFFS BEING CHARGED TO OTHER COMPANIES AND COUNTRIES,” the all-caps post began.

The next morning, though, the Bureau of Economic Analysis revealed the actual 2025 trade deficit in goods and services. It was nearly identical to the 2024 deficit, down just 0.2% — nowhere close to Trump’s professed “78%” decline. And the trade deficit in goods, the items subject to Trump’s sweeping global tariffs, was up 2.1% compared to 2024.

Trump didn’t make up the “78%” figure out of thin air, but it was still deceptive. He was citing an out-of-date and short-term number from October 2025, when the trade deficit was 78% lower than it was in January 2025. Experts cautioned at the time that the sharp October drop would be fleeting, the result of temporary fluctuations in gold and pharmaceuticals trade, and it was.

Trump’s Wednesday post was also inaccurate in suggesting his tariffs are paid by foreign countries. Tariff payments are made by US importers, not foreign exporters, and those importers often pass on some of their costs to consumers. While foreign exporters may sometimes drop their prices to try to keep their products competitive, various  analyses have found that the overwhelming majority of the costs of the tariffs Trump has imposed this term are being covered by a combination of US businesses and US consumers.

Economic growth in fourth-quarter 2025 was 1.4%, not ‘5.6%’
The Bureau of Economic Analysis on Friday released another key set of figures — estimates on real gross domestic product (GDP) growth. These figures, too, were far from the number Trump had been touting.


Trump told the World Economic Forum in late January that “fourth-quarter growth is projected to be 5.4%, far greater than anybody other than myself and a few others had predicted.” He specified in a Cabinet meeting and a Wall Street Journal op-ed later in January that he was referring to a projection for the fourth quarter of 2025 from a model run by the Federal Reserve Bank of Atlanta. Then, in an early-February interview with NBC, he made it sound like 5.6% growth had already been achieved, saying, “I’m very proud of it: 5.6%. You know, we have a GDP of 5.6 despite a shutdown.”

By the time of the op-ed, the Cabinet meeting and the interview, though, the Atlanta Fed’s model was down to a projection of 4.2% fourth-quarter 2025 growth. Various other forecasts were even lower than that. And contrary to Trump’s comment to NBC, forecasts aren’t reality.

The figures released Friday show just how far from reality his “5.6%” claim was. The economy actually grew at an annualized rate of just 1.4% in the fourth quarter of 2025, much slower than the 4.4% growth in the third quarter of 2025.

The fall government shutdown was a significant factor in the weak figure. Still, Trump claimed growth was 5.6% despite the shutdown, which wasn’t close to correct.

And what of Trump’s vague claim from a speech on the economy Thursday in Georgia, that “our country was dead” a year ago under former President Joe Biden, but “now we have the hottest country”? The US economy grew at just 2.2% in 2025, new full-year figures showed — lower than in every year of the Biden administration and every year of the first Trump administration other than 2020, when the Covid-19 pandemic hit.

https://www.cnn.com/2026/02/21/politics/economy-gdp-trade-deficit-trump-tariffs

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Originally Posted by PitDAWG
But let's get back to the actual premise shall we? The assertion was that this irreversible inflation was due to "policies" set by previous administrations.

Rising wages was not any policy set by any administration. Hell, the federal minimum wage has been the same since 2009. Many states have raised their minimum wage.

And secondly "inflation" has nothing to do with prices "going back down". Inflation is how much prices are increasing by. Those are two very different things.

Are you trying to argue that Biden did NOT make inflation worse with all of the stimulus money he put out there when the country was coming out of COVID?


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Originally Posted by oobernoober
Are you trying to argue that Biden did NOT make inflation worse with all of the stimulus money he put out there when the country was coming out of COVID?

Injecting money via stimulus packages - or increasing taxes (tariffs) both serve to put upward pressure on inflation. As does energy costs (or energy price volatility due to the war in Ukraine), labor costs (and therefore labor supply) ... and overall, obviously consumer demand. Covid was a double whammy because after an initial dip in consumer demand - during 2020-2021 consumer demand for goods increased and supply chains were hit - remember when you couldn't get a PS5 for love nor money? New car inventory another example.

So Biden definitely increased inflation with stimulus money. However - just like the Obama stimulus after 2008, you can easily argue that the benefit outweighed the cost. From first hand experience in 2008 the Obama stimulus's kept large parts of the industrial construction sector up and running and people in jobs.

However - the OP was about the amount the wealth divide. If you ever watch a Garys Economics, it's hard to deny he's correct with regard to how and why the (super) rich are getting even more super rich. Whether he has the answers to correct that is doubtful - I've only ever watched a couple of his videos.

The recent discussion was about 2025 and Trump and inflation - I know I commented on a piece of "alternative facts" inferring Biden was more responsible and had a bigger impact on inflation than Covid. Untrue. The biggest two factors on inflation in the last 6 years have been Covid and the war in Ukraine. With that said - Trumps tariffs are simply a tax. Reliable reports are consistent in saying a minimum of 90% of al tariff costs are passed on to the US consumers... something anyone with a brain can acknowledge. If any one of us had an import business and our costs were raised by X% - we are simply going to pass that cost on.


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A sound comment after several which made you sound unhinged. Welcome back.

I agree with the decision on it being a tax or sorts. Congress has that power.

That said, maybe it's just me but I haven't seen any real increase in prices. Eggs are down, gas is down.

Lots of things have remained close to what they have been. Beef is high. One thing not being mentioned is wage increase over the last 5 years or so. I am not making the argument they shouldn't have gone up but they clearly impact the rate of inflation. Wage increases are passed along just like tariffs are passed along.

This is more a comment than any form of rebuttal to any posted comments.


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At the risk of sounding like an armchair QB, one could (easily) argue that Biden's stimulus went way overboard. I understand that the admin's intent was to help people get back up after the worst of COVID, but IMO he way overcorrected.

Aside from that, I have no issue/argument with the rest of your response (particularly the part where you're trying to get the thread back on topic). Thanks.


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Originally Posted by Ballpeen
A sound comment after several which made you sound unhinged. Welcome back.

.

Thanks. I never went away - I just respond to posters in the same way they post. And when they post crap, and spew lies from SM accounts - they get called on it and I don't try to word it eloquently or construct a nice debate point. At the moment it seems like there is silence except when one of the extreme lefties posts something extreme or emotive and then someone will pop on to ridicule the post but avoid all substantive discussion on the main topic.


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I think while we were still in that early after Covid stage, it was impossible to see how quickly things would normalize. I don't disagree with what you said, just pointing out that we're saying it with the benefit of hindsight. It's like grading the draft after watching a season of the way the players perform.


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Originally Posted by oobernoober
Are you trying to argue that Biden did NOT make inflation worse with all of the stimulus money he put out there when the country was coming out of COVID?

I'm saying and I repeat, in 2022 the inflation rate in the U.S. was 8%. Such a high rate was reflected on a global scale. Biden was not president of the globe.

During the last full month Biden was president, December of 2024 the inflation rate was 2.9%. A reduction of a full 5%. I'm not sure how Biden cut inflation by 5% if things were so bad.

I don't think there's any way someone can say that handing out money is good for the economy. I do believe that in this case it was needed however. And why pray tell are you singling Biden out when trump did the same thing? Not only did trump hand out stimulus checks, he also added covid tax cuts in the CARES act.................

The Coronavirus Aid, Relief, and Economic Security Act,[b][1] also known as the CARES Act,[2] is a $2.2 trillion economic stimulus bill passed by the 116th United States Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.[3][4] The spending primarily includes $300 billion in one-time cash payments to individual people who submit a tax return in America (with most single adults receiving $1,200 and families with children receiving more[5]), $260 billion in increased unemployment benefits, the creation of the Paycheck Protection Program that provides forgivable loans to small businesses with an initial $350 billion in funding (later increased to $669 billion by subsequent legislation), $500 billion in loans for corporations, and $339.8 billion to state and local governments.[6]

https://en.wikipedia.org/wiki/CARES_Act

I understand that somehow through the aftermath of covid it has become popular to say "Yeah but Biden made a mess and now trump has to deal with that mess!" has become a popular go to. Handing out money and cutting the governments income both have a negative impact. Both trump and Biden contributed to the "mess" if that's what you want to call it. I thought cutting inflation from 8% to 2.9% in two years was doing a pretty good job.


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The trump two handed jerk off dance. It's all the rage at Turning Point U.S.A. gatherings.


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