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Old 08-12-2018, 05:25 AM
 
Location: Long Island
32,654 posts, read 13,799,936 times
Reputation: 6925

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Quote:
Originally Posted by workingclasshero View Post
actually his first year it was 1.6 trillion (shared bush/Obama)...his last year was 671 billion shared Obama/trump

10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two full years under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14


10/01/2014................................. 17,824,071,380,733.82
09/30/2015................................. 18,150,617,666,484.33
326,546,285,750.51..............................32 6 billion deficit fy15...the second less than trillion



10/01/2015................................. 18,150,617,666,484.33
09/30/2016.................................19,573,444,71 3,936.79
1,422,827,047,452.46.............................. 1.42 trillion deficit fy16


10/01/2016.................................19,573,444,71 3,936.79
09/30/2017.................................20,244,900,01 6,053.51
671,455,302,117.............................. .671 trillion (671 billion) deficit fy17 (fy17 is a shared Obama/trump)

10/01/2017.................................20,244,900,01 6,053.51
today 8/11/18....21,342,180,438,050.36 (trump already over a trillion)


so of the last 9 years only 3 will have been under a trillion


the shrub, obozo, tRump...all the same..... and hitlery would have been worse
Years past there was an explanation, two wars, the recession but here we are in 2018 with record low unemployment and a great economy running 2009 type deficits.
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Old 08-12-2018, 05:26 AM
 
11,308 posts, read 7,309,764 times
Reputation: 4471
Quote:
Originally Posted by workingclasshero View Post
actually his first year it was 1.6 trillion (shared bush/Obama)...his last year was 671 billion shared Obama/trump

10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two full years under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14


10/01/2014................................. 17,824,071,380,733.82
09/30/2015................................. 18,150,617,666,484.33
326,546,285,750.51..............................32 6 billion deficit fy15...the second less than trillion



10/01/2015................................. 18,150,617,666,484.33
09/30/2016.................................19,573,444,71 3,936.79
1,422,827,047,452.46.............................. 1.42 trillion deficit fy16


10/01/2016.................................19,573,444,71 3,936.79
09/30/2017.................................20,244,900,01 6,053.51
671,455,302,117.............................. .671 trillion (671 billion) deficit fy17 (fy17 is a shared Obama/trump)

10/01/2017.................................20,244,900,01 6,053.51
today 8/11/18....21,342,180,438,050.36 (trump already over a trillion)


so of the last 9 years only 3 will have been under a trillion


the shrub, obozo, tRump...all the same..... and hitlery would have been worse
So you admit that the deficit fell under Obama and is going up under Trump?
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Old 08-12-2018, 07:05 AM
 
Location: Texas
35,028 posts, read 19,156,412 times
Reputation: 20619
Lightbulb July US budget deficit up 79% compared to 7/2017. Tax receipts down 3%

So, the GOP tax cuts/trickle-down/deregulation didn't work?


AGAIN?

Nobody saw that one coming.


Just like nobody sees the tRump recession rolling towards us.



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Old 08-12-2018, 09:19 AM
 
36,441 posts, read 15,956,362 times
Reputation: 8272
Quote:
Originally Posted by James Bond 007 View Post
As many of us predicted, the budget deficit would continue to surge. And contrary to Trumpling claims about tax receipts going up in the wake of the tax cuts, they are actually DOWN compared to the same month last year.

https://www.marketwatch.com/story/fe...uly-2018-08-10

The Federal government says revenues are UP through June. July's numbers have NOT yet been tallied, with a PLUS of $2,540,000 for fiscal 2018 so far, 2017 was UP $3,314,000.


"they are actually DOWN compared to the same month last year." Not by much, 33 million to 32 million. It was still on the INCREASE side.


https://www.fiscal.treasury.gov/fsre...backissues.htm
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Old 08-12-2018, 09:20 AM
 
8,849 posts, read 3,902,107 times
Reputation: 1715
Quote:
Originally Posted by Old Gringo View Post
So, the GOP tax cuts/trickle-down/deregulation didn't work?


AGAIN?

Nobody saw that one coming.


Just like nobody sees the tRump recession rolling towards us.



We will of course have a future recession.

But as of today with...

Low unemployment

High productivity

Deficit spending

Lower taxes

Inflation is more a possibility short/medium term, not recession.
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Old 08-12-2018, 09:21 AM
 
8,849 posts, read 3,902,107 times
Reputation: 1715
Quote:
Originally Posted by Quick Enough View Post
The Federal government says revenues are UP through June. July's numbers have NOT yet been tallied, with a PLUS of $2,540,000 for fiscal 2018 so far, 2017 was UP $3,314,000.


"they are actually DOWN compared to the same month last year." Not by much, 33 million to 32 million. It was still on the INCREASE side.


https://www.fiscal.treasury.gov/fsre...backissues.htm
Federal revenues being down, means more money in the economy. Aside from potential inflation, this is a good thing. IMO of course.
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Old 08-12-2018, 09:30 AM
 
36,441 posts, read 15,956,362 times
Reputation: 8272
Quote:
Originally Posted by James Bond 007 View Post
If the economy was booming, tax receipts would be booming. Since they aren't, it isn't.

Trumplings live in a fantasy world.
"tax receipts would be booming. Since they aren't, it isn't." They ARE and it IS booming.


"Treasury: Federal Budget Surplus for April Largest on Record, Driven by Tax Deposits"


https://www.wsj.com/articles/treasur...its-1525976157

During the Obama admin, the treasury NEVER took in 2 billion a quarter.

Under Trump it has NEVER been UNDER 2 billion a quarter

https://fred.stlouisfed.org/series/W006RC1Q027SBEA
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Old 08-12-2018, 09:35 AM
 
Location: Houston
22,388 posts, read 11,521,022 times
Reputation: 9003
Quote:
Originally Posted by Hoonose View Post
We will of course have a future recession.

But as of today with...

Low unemployment

High productivity

Deficit spending

Lower taxes

Inflation is more a possibility short/medium term, not recession.
Yes. Especially if trade war continues.
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Old 08-12-2018, 09:43 AM
 
Location: Kansas City, MISSOURI
8,842 posts, read 2,649,628 times
Reputation: 6786
Quote:
Originally Posted by Quick Enough View Post
The Federal government says revenues are UP through June. July's numbers have NOT yet been tallied, with a PLUS of $2,540,000 for fiscal 2018 so far, 2017 was UP $3,314,000.

"they are actually DOWN compared to the same month last year." Not by much, 33 million to 32 million. It was still on the INCREASE side.

https://www.fiscal.treasury.gov/fsre...backissues.htm
Yes, July's numbers HAVE been tallied. In fact I posted a link to them, and showed them here in this post myself:

Quote:
Originally Posted by James Bond 007 View Post
Here is the actual monthly Treasury statement from the US Treasury Dept:
https://www.fiscal.treasury.gov/fsre...mt/mts0718.pdf

Go to page 2, table 1.

Tax receipts, in $ millions
July 2017: 232,040
July 2018: 225,266
---------------------
That's down 2.92%

June 2017: 338,660
June 2018: 316,278
----------------------
That's down 6.6%

May 2017: 240,418
May 2018: 217,075
----------------------
That's down 9.7%

April 2017: 455,605
April 2018: 510,447
---------------------
That's up 12%

March 2017: 216,584
March 2018: 210,832
-----------------------
That's down 2.66%

Feb 2017: 171,713
Feb 2018: 155,623
---------------------
That's down 9.37%

Jan 2017: 344,069
Jan 2018: 361,038
---------------------
That's up 4.93%

That is, since the tax cuts took effect, tax receipts have been down 5 of 7 months. And including January is debatable since the withholding tax reductions didn't really take effect until February, IIRC.

Total 2017 Jan-July: 1,999,089
Total 2018 Jan-July: 1,996,559
-----------------------------------
That's down 0.13%. And again, including January - which was a positive month - is debatable. But I'll be nice and include it.

For something that was supposed to increase tax receipts according to its proponents, the tax cuts so far have been a failure.
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Old 08-12-2018, 09:44 AM
 
Location: Kansas City, MISSOURI
8,842 posts, read 2,649,628 times
Reputation: 6786
Quote:
Originally Posted by Quick Enough View Post
"tax receipts would be booming. Since they aren't, it isn't." They ARE and it IS booming.


"Treasury: Federal Budget Surplus for April Largest on Record, Driven by Tax Deposits"


https://www.wsj.com/articles/treasur...its-1525976157
That is one month - April. I have already posted ALL months since the beginning of the year (when the tax cuts took effect). See above.
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