Revenues increased yet so did the deficit - Please Explain

[canceled.2021.1]

http://www.cbo.gov/sites/default/files/cbofiles/attachments/43698-Nov-MBR.pdf

So we brought in more revenue from increased taxes yet the deficit still increased. How does that happen? I thought increasing taxes would bring down our deficit? I thought we had a revenue problem.

Surely the Mensa candidates on the left will scurry along to explain

 

[hazlnut]

I see reading is not your strong suit.

The deficit in 2012 was $207 billion less than that in 2011. That decline occurred because revenues rose by $147 billion (or about 6 percent) while outlays fell by $61 billion (or about 2 percent).

There were no major tax increases. Revenue rose because the economy is recovering, despite the best (worst) efforts of the Tea Bags in congress.

 

[canceled.2021.1]

I see reading is not your strong suit.



There were no major tax increases. Revenue rose because the economy is recovering, despite the best (worst) efforts of the Tea Bags in congress.

Yet deficits increased. Explain

 

[Haiku]

Obama has reduced the debt your guys saddled us with...what is it about Bush tax cuts for the rich, two wars and an unfunded gift to big pharma don't you understand? Add in the crash and the bank bailouts (Bush) and we're lucky to still be here. Why can't you get the math....you guys suck at math.

 

[Bonestorm]

Yet deficits increased. Explain

The deficit decreased.

 

[Cancel 2016.2]

Obama has reduced the debt your guys saddled us with...what is it about Bush tax cuts for the rich, two wars and an unfunded gift to big pharma don't you understand? Add in the crash and the bank bailouts (Bush) and we're lucky to still be here. Why can't you get the math....you guys suck at math.

1) No, Obama has not reduced the debt. He added $5 TRILLION to it.
2) You mean the Obama tax cuts. The Bush tax cuts expired in 2010.
3) Obama followed Bush and the Iraqi governments plan for leaving Iraq
4) Obama ESCALATED the war in Afghanistan
5) TARP (The Bank Bailouts) was almost all repaid (at least according to Obama)... so how exactly did that dd to the deficit?
6) How many billions are we still in the hole on AIG and the auto industry?

 

[PostmodernProphet]

Obama has reduced the debt your guys saddled us with.. ...you guys suck at math.

you call an additional $6trillion a reduction and you say WE suck at math?

 

[PostmodernProphet]

1)
2) You mean the Obama tax cuts. The Bush tax cuts expired in 2010.

to be accurate....we had a tax cut under Bush.....Obama kept the taxes at their current level.....he did not cut them or raise them.......