Trump's budget deficit could almost double Obama's Yet no outrage. I think I know why.....
- Thread starter cdwright40
- Start date
A President has limited impact to the economy on their first year or two
The Federal government’s fiscal year ends in September and a President is sworn in on January 20 after being elected in November. The year they are sworn in only has eight more months to run and is based on the previous President’s budget. And depending on what is occurring in the U.S. and worldwide economies even the next year’s economic result is largely outside their control.
The U.S. economy is like a battleship in that it can take years to impact, especially positively since consumers and businesses respond to economic downturns quickly vs. an upturn, as they are cautious after losing jobs, income and houses. Which means the first year or two, if not more, of budget deficits can be attributed to the previous President.
This is from the article you posted.
So are you saying that nobody is talking about because of Obama?
The Federal government’s fiscal year ends in September and a President is sworn in on January 20 after being elected in November. The year they are sworn in only has eight more months to run and is based on the previous President’s budget. And depending on what is occurring in the U.S. and worldwide economies even the next year’s economic result is largely outside their control.
The U.S. economy is like a battleship in that it can take years to impact, especially positively since consumers and businesses respond to economic downturns quickly vs. an upturn, as they are cautious after losing jobs, income and houses. Which means the first year or two, if not more, of budget deficits can be attributed to the previous President.
This is from the article you posted.
So are you saying that nobody is talking about because of Obama?
Obama added 11 Trillion .. Yea right... Trump as of now 2 Trillion
Ur a dope ..!!!
Ur a dope ..!!!
He doesn’t read articles he posts, only headlines, which is why voters like him are sheep who get duped by fake news all day long.
Rerun = Not the brightest bulb on the tree.
He does, however, have Gary on speed dial.
He does, however, have Gary on speed dial.
