Your actual deficit numbers

T

transporter

Well-Known Member
Three reports direct from the Treasury...no propagandist BS.

FY 2017: https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0917.pdf Total deficit $666B

March 2017: https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0317.pdf Monthly spending $393B; Income $217B; deficit $176B; FY to date deficit $527B

March 2018: https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0318.pdf Monthly spending $420B; Income $211B; deficit $209B; FY to date deficit $600B

So all the BS posted on here about increases in revenues due to the tax cuts is simply BS...

Individual Income taxes are up a bit (as would be expected with continued employment growth). Corporate tax receipts are much lower. The FY 2018 deficit (only 6 months into the fiscal year) is 90% of the entire FY 2017 and the fiscal year to date deficit as of March 2018 is roughly 15% higher than in March of 2017.

Spending is also up.

So as expected by everyone who understands basic budget math (Increase spending and decrease revenues = bigger deficit) the deficit is ballooning.
 
This_person

This_person

Well-Known Member
transporter said:
Three reports direct from the Treasury...no propagandist BS.

FY 2017: https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0917.pdf Total deficit $666B

March 2017: https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0317.pdf Monthly spending $393B; Income $217B; deficit $176B; FY to date deficit $527B

March 2018: https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0318.pdf Monthly spending $420B; Income $211B; deficit $209B; FY to date deficit $600B

So all the BS posted on here about increases in revenues due to the tax cuts is simply BS...

Individual Income taxes are up a bit (as would be expected with continued employment growth). Corporate tax receipts are much lower. The FY 2018 deficit (only 6 months into the fiscal year) is 90% of the entire FY 2017 and the fiscal year to date deficit as of March 2018 is roughly 15% higher than in March of 2017.

Spending is also up.

So as expected by everyone who understands basic budget math (Increase spending and decrease revenues = bigger deficit) the deficit is ballooning.
Click to expand...

How would you reduce the spending?
 
awpitt

awpitt

Main Streeter
In all fairness, the full economic impact of the tax reform hasn't been felt yet. The real number will show up after the first year has past.
 
SamSpade

SamSpade

Well-Known Member
warneckutz said:
Do you whine in every post?
Click to expand...

I'm beginning to see that there is never any point to responding to any of transporter's posts.
She never posts in a thread twice - if she starts it, never replies - if she replies on someone else's thread, she never comes back.

You can say something for posterity, but it's talking to a wall.
 
This_person

This_person

Well-Known Member
Sapidus said:
Way to move those goal posts. Seems you only care about the deficit when its Obama.
Click to expand...

Obama’s deficits were horrendous. Trump’s have the potential to continue the trend. I am against deficit spending, not people.

The problem Trans posted was increased spending with reduced revenue. If you look at the data posted, spending went up $27B, while revenue only went down $6B. Clearly the problem is spending, not revenue. We conservative people said that when the last horrible budget passed.

So, given that spending is the problem it seems appropriate to ask the person bringing it up how they’re suggesting fixing it.

Trans will never answer because Trans is about insults and complaining, not discussion or solutions.

What are you about? Do you want to insult and complain or discuss solutions?
 
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