transporter
Well-Known Member
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/fsreports/rpt/mthTreasStmt/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/budget-economic-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.
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/fsreports/rpt/mthTreasStmt/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/budget-economic-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.
