College professors told you not to worry about deficits during downturns

Author: Chris94 (39065 Posts - Original UHND Member)

Posted at 12:56 pm on Aug 14, 2026

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Spend during downturns, pay it off during boom times.

Instead we spent during downturns, and spent more during boom times.

The massive tax cuts under bush and Trump were catastrophic.

Deficits shrank while Obama was in office.

Trump has been - by far - the worst.

Replies to: “College professors told you not to worry about deficits during downturns”

Not ideal. [NT] [LINK] - conorlarkin - 11:26am 8/14/26 (18) [View All]
- Remember all the peael clutchers when Biden did it to help - Quest4twelve - 11:37am 8/14/26
  - It was wrong for Biden & Trump to deplete it. Do you think it was ok for Biden to do it? - NedoftheHill - 6:03pm 8/14/26
  - It wasn't CoVid, it was Ukraine and inflation caused by CoVid policy. - iairishcheeks - 11:43am 8/14/26
    - My bad...point still stands it wasn't self created by US policy/decisions. [NT] - Quest4twelve - 1:10pm 8/14/26
      - Heh. Good one. [NT] - NedoftheHill - 6:10pm 8/14/26
      - It’s self-created. By sanctioning Russia’s oil/gas you exclude them from market, cause the price up. [NT] - Eli - 4:10pm 8/14/26
      - Inflation was self created by US Policy and Decisions. - iairishcheeks - 3:54pm 8/14/26
    - Inflation was not the reason Biden tapped the SPR - Chris94 - 12:40pm 8/14/26
      - The US market was never going to run out of oil. - iairishcheeks - 12:46pm 8/14/26
        
        Of course not. But that’s not the point. - Chris94 - 12:54pm 8/14/26
        
        Who loses their jobs due to high gas prices? - iairishcheeks - 1:00pm 8/14/26
- Cheer up, the debt is about to hit $40T. [NT] - iairishcheeks - 11:37am 8/14/26
  - Massive tax cuts. Massive spending increases. Doubling the DOD budget. - Chris94 - 12:37pm 8/14/26
    - July budget deficits - Chris94 - 12:42pm 8/14/26
      - "How did you go bankrupt?" Two ways. Gradually, then suddenly." - Hemingway - iairishcheeks - 12:50pm 8/14/26
    - Every president since Clinton is responsible for this. - iairishcheeks - 12:42pm 8/14/26
      - College professors told you not to worry about deficits during downturns - Chris94 - 12:56pm 8/14/26
        
        Were the Obama deficits due to reduced spending, higher revenue or lower interest rates? - iairishcheeks - 1:03pm 8/14/26

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