Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
One time tax changes need to be taken into account.
That does not make a "trend".
The Bush cuts modifications and Obamacare tax changes and FICA reinstatement are one time events that happened last year.
FICA is not really "one-time" though. It's a structural change. It's not like they won the lottery; more FICA money is rolling in today than a year ago today. That will remain the case unless they change the rule again.
We've gone from profuse bleeding to merely severe bleeding. Yeah, its an improvement, but there's still a risk we're going to bleed out before we get it stopped.
We've gone from profuse bleeding to merely severe bleeding. Yeah, its an improvement, but there's still a risk we're going to bleed out before we get it down to a manageable trickle.
The budget deficit has fallen or remained the same in each FY since 2009.
FICA is not really "one-time" though. It's a structural change. It's not like they won the lottery; more FICA money is rolling in today than a year ago today. That will remain the cause unless they change the rule again.
Well they are not going to raise it 2% for next year are they ?
Cap gains is paid once an investment is sold and that doesn't happen every year either.
Remove an extra 2% from FICA revenue this year and compare to last year to see if there really was an "increase" due to employment revenue. That would indicate more people are working/higher wages being paid. That is a trend rather than looking at the overall increase and calling it a trend.
Every month I read the various government reports and I am looking for a trend.
Spending is down but I don't like the areas they decreased spending..too many cuts to programs that impact individuals IMHO.
One time tax changes need to be taken into account.
That does not make a "trend".
The Bush cuts modifications and Obamacare tax changes and FICA reinstatement are one time events that happened last year.
You're not really comparing apples to apples here unless you remove the one time changes and look at the constant revenue/expenses that occurred between the 2 years.
The numbers prove revenue has been up every month, so that is not a one time deal, but a trend. And spending has been reduced too. June had a bump which wont' repeat every month, but there is also a trend which will continue.
The budget deficit has fallen or remained the same in each FY since 2009.
2009=$1.4trillion deficit=profuse bleeding
2013=estimate $750 billion deficit= severe bleeding
"sustainable trickle"=no further growth of the debt:GDP ratio =~$275billion
2009=$1.4trillion deficit=profuse bleeding
2013=estimate $750 billion deficit= severe bleeding
"sustainable trickle"=no further growth of the debt:GDP ratio =~$275billion
It's the trend that matters. We're going in the right direction if all you care about is the deficit.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
