MOMozart
Captain49,914 posts
MOMozartCaptain49,914 posts
16 Oct 2018, 23:39#2
Even 'Fake News' York Times is seeing revenue exploding....Trump appears to be good for everybody.
16 Oct 2018, 23:57#3
This should have been posted on Brycy’s thread about the markets crashing. Hahaha
MOMozart
Captain49,914 posts
MOMozartCaptain49,914 posts
18 Oct 2018, 01:01#7
Really? You must be thinking of somebody else or perhaps $221 billion isn't material.....read this and then I'll explain it to you.
...........
'The deficit jumped to $779 billion, $113 billion or 17 percent higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney. It was larger than any year since 2012, when it topped $1 trillion. The budget shortfall rose to 3.9 percent of U.S. gross domestic product.
The deficit increased by $70 billion less than anticipated in a report published in July, according to the two officials.
Federal revenue rose only slightly, by $14 billion after Republicans chopped tax rates for corporations and most individuals. Outlays climbed by $127 billion, or 3.2 percent. A spike in defense spending, as well as increases for Medicaid, Social Security and disaster relief, contributed to the increase.'
.......
Now in a booming economy, one would expect tax revenues to increase. The fact that they haven't is down to the initial effects of the tax cuts, which are by definition negative....but a few more quarters of 3 plus % growth and the revenue side will turn positive....even now they are ahead of expectations witness the comment that the deficit increased by $70 billion less than expected.
The spending increase is driven by defence spending, necessary because the Obama regime deconstructed the military....producing false savings that made his numbers look better.
Still the only trillion dollar deficit was under Obama.
RORooinek
Captain18,117 posts
RORooinekCaptain18,117 posts
18 Oct 2018, 08:16#9
This is what happens when you elect a glorified salesman as president.
Bozo probably knows even less than Moffie and Baboon-ou about economics.
RORooinek
Captain18,117 posts
RORooinekCaptain18,117 posts
19 Oct 2018, 20:59#12
So - again - what do you think, Baboon-ou? How busy is Bozo BLOTUS is he spends half his waking life on twitter and the other half playing golf? Don't you think he might have more important things to do?
Stop ducking and diving in cowardly Dense-like fashion. Man up and answer the question.
RORooinek
Captain18,117 posts
RORooinekCaptain18,117 posts
23 Oct 2018, 13:43#17
Some interesting stats . . .
RORooinek
Captain18,117 posts
RORooinekCaptain18,117 posts
23 Oct 2018, 17:04#19
Draad, my stats state the sources as being Politico, Bloomberg and USDL. What are the sources for your stat claiming the debt increased (by $10 trillion) from $1 trillion to $20 trillion?
Was it suckedfrommythumb.com or notgoodatmathematics.org?
RORooinek
Captain18,117 posts
RORooinekCaptain18,117 posts
23 Oct 2018, 20:59#23
Well at least I don't think 20 -1 = 10 . . . which is what you are saying.
DBDbDraad
Captain26,388 posts
DBDbDraadCaptain26,388 posts
23 Oct 2018, 22:22#25
PS, for some odd reason I can't edit that post to correct an obvious typo...but are you really saying I Googled wrong and that's the wrong figures?
RORooinek
Captain18,117 posts
RORooinekCaptain18,117 posts
23 Oct 2018, 22:41#26
Draad, you asked "Lol, are you saying my figures are wrong?" and I then gently explained to you that 20 - 1 = 19, not 10 . . . so yes, I was saying your figures are wrong. You've since admitted you screwed up so why are you still whining at me instead of thanking me for setting you straight?
Hmmm?