https://www.bloomberg.com/news/artic...x-income-falls
https://www.fiscal.treasury.gov/fsre...mt/mts0218.pdf
It is sort of interesting what is going on as for as the federal purse.
Not that I mind. Big Spending and Big tax cuts keep a vast majority of the population happy except for people like Ron and Rand Paul. It is foolish to make cuts to programs except for Demographics with low voter participation like welfare families during an election year, people also love having lots more money in their paychecks which President Trump delivered on.
I think President Trump is keeping as many people happy as possible. Tax cuts are always a winner when it comes to votes and cuts to programs can lose votes if those cuts are to categories with lower voter participation rates.
130 billion dollars in Social Security and Medicare expenditures with only 91 billion dollars in revenue and only about small percentage of the baby boomers are retired and it is a once in a lifetime national economic bubble.
Corporate tax collections were negative for the month, corporate tax revenue is only 74 billion so far this year and the tax cuts have barely been signed.
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