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Thread: US posts $147 billion deficit in May, up 66% from last year

  1. #1

    US posts $147 billion deficit in May, up 66% from last year

    The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday.
    When accounting for calendar adjustments, the government’s deficit was $131 billion compared to an adjusted deficit of $88 billion in the same month in the previous year.
    The deficit for the fiscal year, which began last October, was $532 billion, compared to a deficit of $433 billion in the same period of fiscal 2017. On an adjusted basis, the gap was $584 billion compared with $473 billion in the prior period.

    Unadjusted receipts last month totaled $217 billion, down 10 percent from May 2017, while unadjusted outlays were $364 billion, a rise of 11 percent from the same month a year earlier.
    https://www.reuters.com/article/us-u...-idUSKBN1J82FN
    Last edited by Chris0nllyn; 06-12-2018 at 04:01 PM.
    Quote Originally Posted by vraiblonde View Post
    If you don't like it, go #### yourself.

  2. #2
    Registered User
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    I bet you and Maher are happier than 2 pigs in slop.

  3. #3
    Librarian,,,,,. ....
    Quote Originally Posted by vraiblonde View Post
    You have a psychiatric disorder. Get help.

  4. #4
    Quote Originally Posted by Hijinx View Post
    I bet you and Maher are happier than 2 pigs in slop.
    The economics of this are nothing more than simple, elementary school level math. You and those like you who were so enraged over the deficits under the past administration SHOULD BE apoplectic over what THIS Congress and incompetent President have done.

    When this country NEEDED stimulus, YOU and people like you were completely against it. When this country DOESN'T need stimulus, when in fact stimulus is the ABSOLUTELY WRONG thing to do , YOU, GILLIGAN and the rest of the ignorati cult jump up and down in favor. Despite ALL the historical evidence that shows, time and time again, that tax cuts do not and never have resulted in higher tax revenues, you morons continue to believe it will magically happen. It is amazing how utterly ignorant you "informed voters" with Ivy League type educations really are.

    BTW...the other basic, elementary economic theories are also already being proven...when you flood a growing economy with cash, inflation results. (We didn't have a growing economy in 2010, there was no demand for cash, that is why your right wing Chicken Little political economists were wrong.) Here is another report GURPS propaganda outlets didn't tell you yesterday:

    According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.8% annualized rate)
    https://www.clevelandfed.org/en/our-...edian-cpi.aspx

  5. #5
    Imagine No Democrats Kyle's Avatar
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    Quote Originally Posted by transporter View Post
    Name:  0.jpg
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    ___________________________________________________________
    "If You Don’t Read the Newspaper You Are Uninformed, If You Do Read the Newspaper You Are Misinformed." - Mark Twain

  6. #6
    Quote Originally Posted by transporter View Post
    The economics of this are nothing more than simple, elementary school level math. You and those like you who were so enraged over the deficits under the past administration SHOULD BE apoplectic over what THIS Congress and incompetent President have done.

    When this country NEEDED stimulus, YOU and people like you were completely against it. When this country DOESN'T need stimulus, when in fact stimulus is the ABSOLUTELY WRONG thing to do , YOU, GILLIGAN and the rest of the ignorati cult jump up and down in favor. Despite ALL the historical evidence that shows, time and time again, that tax cuts do not and never have resulted in higher tax revenues, you morons continue to believe it will magically happen. It is amazing how utterly ignorant you "informed voters" with Ivy League type educations really are.

    BTW...the other basic, elementary economic theories are also already being proven...when you flood a growing economy with cash, inflation results. (We didn't have a growing economy in 2010, there was no demand for cash, that is why your right wing Chicken Little political economists were wrong.) Here is another report GURPS propaganda outlets didn't tell you yesterday:



    https://www.clevelandfed.org/en/our-...edian-cpi.aspx
    "Dark humor is like food. Not everyone gets it." - J. Stalin

  7. #7
    Registered User
    Member Since
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    Quote Originally Posted by transporter View Post
    The economics of this are nothing more than simple, elementary school level math. You and those like you who were so enraged over the deficits under the past administration SHOULD BE apoplectic over what THIS Congress and incompetent President have done.

    When this country NEEDED stimulus, YOU and people like you were completely against it. When this country DOESN'T need stimulus, when in fact stimulus is the ABSOLUTELY WRONG thing to do , YOU, GILLIGAN and the rest of the ignorati cult jump up and down in favor. Despite ALL the historical evidence that shows, time and time again, that tax cuts do not and never have resulted in higher tax revenues, you morons continue to believe it will magically happen. It is amazing how utterly ignorant you "informed voters" with Ivy League type educations really are.

    BTW...the other basic, elementary economic theories are also already being proven...when you flood a growing economy with cash, inflation results. (We didn't have a growing economy in 2010, there was no demand for cash, that is why your right wing Chicken Little political economists were wrong.) Here is another report GURPS propaganda outlets didn't tell you yesterday:



    https://www.clevelandfed.org/en/our-...edian-cpi.aspx
    Sorry I forgot to mention you. Right there in the slop with them.

    Don't worry---be happy.

  8. #8
    INGSOC GURPS's Avatar
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    Quote Originally Posted by transporter View Post
    .... YOU, GILLIGAN and the rest of the ignorati cult jump up and down in favor.

    Quote Originally Posted by transporter View Post
    Every post you make is against anyone or any group that doesn't conform to your propagandist viewpoints.
    You Were Saying ....





    Quote Originally Posted by transporter View Post
    that is why your right wing Chicken Little political economists were wrong.
    do tell Mr Krugman ...


    Quote Originally Posted by transporter View Post
    Here is another report GURPS propaganda outlets didn't tell you yesterday

    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  9. #9
    That damn Obama!

    Hey... if you're going to give credit to Obama for this economic growth, he deserves blame for the current deficits
    "Never let the old man in." - Clint Eastwood quoting an old friend

  10. #10
    Quote Originally Posted by transporter View Post
    You and those like you who were so enraged over the deficits under the past administration
    Well, because...

    "Never let the old man in." - Clint Eastwood quoting an old friend

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