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Thread: Fy 2017

  1. #1

    Fy 2017

    Some actual (i.e. not "alternative") facts on the US budget deficit.

    Back in February, the extremely uneducated Trump supporters were going bonkers because the govt had run a surplus in the first month of the Trump administration. Of course, the govt almost always runs a surplus in the beginning of the year as the combination of quarterly, year end and tax return payments juice up the revenue side of the equation. But the cult like party followers can't be bothered with looking up actual facts.

    So here is the FY end report from the US Treasury regarding the FY 2017 budget. The deficit was $666 billion. Yes Billion. the FY 2016 deficit was $585 billion. This makes the Fy 2017 deficit about 14% higher than Fy 2016.

    You may access the report here: https://www.fiscal.treasury.gov/fsre...mt/mts0917.pdf

    You won't need a graduate course in statistics to understand the difference between the numbers on page two. You simply need to possess the ability to read and understand that $666 billion is larger than $585 billion.

    The CBO projects the deficit will top $1t again by 2022: https://www.cbo.gov/about/products/b...conomic-data#3 (click on the Jun3 2017 update.)

    Given that the budget deficit and debt are concerns that are supposed to be near and dear to the heart of true fiscal conservatives, it should not take very long (for the more intelligent and intellectually honest among you) to understand that cutting taxes will only make the deficit issue worse.

    Or you can just continue to believe the propaganda that is fed to you.

  2. #2
    Board Mommy vraiblonde's Avatar
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    Quote Originally Posted by transporter View Post
    Some actual (i.e. not "alternative") facts on the US budget deficit.

    Back in February, the extremely uneducated Trump supporters
    Yep, just the facts...and then the first sentence out of your fingers is opinion, and not even close to fact.

    No need to read further, and you might want to look up "fact" in the dictionary.
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

  3. #3
    Visualize whirled peas Merlin99's Avatar
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    Quote Originally Posted by transporter View Post
    Some actual (i.e. not "alternative") facts on the US budget deficit.

    Back in February, the extremely uneducated Trump supporters were going bonkers because the govt had run a surplus in the first month of the Trump administration. Of course, the govt almost always runs a surplus in the beginning of the year as the combination of quarterly, year end and tax return payments juice up the revenue side of the equation. But the cult like party followers can't be bothered with looking up actual facts.

    So here is the FY end report from the US Treasury regarding the FY 2017 budget. The deficit was $666 billion. Yes Billion. the FY 2016 deficit was $585 billion. This makes the Fy 2017 deficit about 14% higher than Fy 2016.

    You may access the report here: https://www.fiscal.treasury.gov/fsre...mt/mts0917.pdf

    You won't need a graduate course in statistics to understand the difference between the numbers on page two. You simply need to possess the ability to read and understand that $666 billion is larger than $585 billion.

    The CBO projects the deficit will top $1t again by 2022: https://www.cbo.gov/about/products/b...conomic-data#3 (click on the Jun3 2017 update.)

    Given that the budget deficit and debt are concerns that are supposed to be near and dear to the heart of true fiscal conservatives, it should not take very long (for the more intelligent and intellectually honest among you) to understand that cutting taxes will only make the deficit issue worse.

    Or you can just continue to believe the propaganda that is fed to you.
    the first three months still belong to BO, so subtract 210M from that and tack it on BO's total.
    ‎"I've learned that pleasing everyone is impossible, but pissing everyone off is a piece of cake"

  4. #4
    I Need a Life b23hqb's Avatar
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    Still, any budget deficit increase over the standard inflation increase starting this month belongs to the Republicans. So far, I don't like what they and Trump are proposing - increasing, not decreasing the budget. Live up to your promises, right side of the aisle, to decrease it, starting NOW. The only way the left can stop it is with help from the RINO's.
    "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress." John Adams

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