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5/17/2024 11:55:21 PM
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Section 6: International Subject: Wrong: snow not becoming rare Msg# 1204308
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You wrote: Just repeating his [Buffett's] saying taxes will go up because democrats will never stop spending.
Here are Buffett's words. NOT ADVOCATING. NOT SAYING "WILL." NOT ONE WORD ABOUT THE DEMOCRATIC PARTY. LOOK IT UP... Reuters: "Warren Buffett says taxes may rise to offset widening US deficits." Fortune: "Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself." Fox: "Warren Buffett predicts higher taxes due to rising deficit." And your chart is incorrect I asked ChatGPT for the deficit figures. While not identical to the chart, the answers do support the overall trend of the chart. Here are the results: To provide an overview of the U.S. national deficit by presidential administration, it's helpful to examine data on how the federal deficit has changed from one presidency to another. Here's a summary of the deficit trends from recent presidential administrations: Ronald Reagan (1981-1989): Reagan's administration saw a significant increase in the federal deficit. When Reagan took office, the deficit was about $79 billion, and by the end of his term, it had grown to approximately $152 billion? (A-Mark Foundation)?? (Self)?. George H.W. Bush (1989-1993): The deficit continued to rise under Bush, reaching around $255 billion by the end of his term. Bill Clinton (1993-2001): Clinton's administration managed to reduce the deficit and eventually achieve a budget surplus. By the end of his term, there was a surplus of about $128 billion. George W. Bush (2001-2009): The deficit increased again during Bush's presidency, primarily due to tax cuts, increased military spending, and the financial crisis of 2008. The deficit grew from a surplus to about $459 billion by the end of his term. Barack Obama (2009-2017): Obama's administration inherited a substantial deficit due to the financial crisis. Despite efforts to reduce it, the deficit was about $585 billion by the end of his term. Donald Trump (2017-2021): The deficit surged again under Trump, especially due to tax cuts and increased spending, compounded by the COVID-19 pandemic. By the end of his term, the deficit had reached about $3.1 trillion. Joe Biden (2021-present): The deficit remains high, influenced by continued spending related to the pandemic and other policy initiatives. As of FY2023, the deficit was approximately $1.7 trillion. [Note: the chart is 14 months old.] So, Dave, why don't you provide the sources of your disagreement with my posts? |
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For reference, the above message is a reply to a message where: Jim those were his words. Not mine, Buffets. Look it up |