U.S. Posts Largest-Ever Monthly Budget Deficit, whither the teabags?!?!?!?!

[LV426]

I'm old enough to remember when Trump's economic adviser, Larry Kudlow, said the tax cuts would pay for themselves last summer.

U.S. Posts Largest-Ever Monthly Budget Deficit in February
https://www.bloomberg.com/news/artic..._medium=social

[countryboy]

I'm old enough to remember when Trump's economic adviser, Larry Kudlow, said the tax cuts would pay for themselves last summer.

U.S. Posts Largest-Ever Monthly Budget Deficit in February
https://www.bloomberg.com/news/artic..._medium=social

Tax cuts don't have to pay for themselves. But yes, revenues are definitely up, that is irrefutable. It's the spending, stupid.

Liberals are suddenly worried about debt and deficits? What are Democrats doing about the spending? I mean, you know, besides nothing.

[reagansghost]

Tax cuts don't have to pay for themselves. But yes, revenues are definitely up, that is irrefutable. It's the spending, stupid.

Liberals are suddenly worried about debt and deficits? What are Democrats doing about the spending? I mean, you know, besides nothing.

when was the last time a right winger railed against Trump's massive deficits?

don't run sis

[LV426]

Tax cuts don't have to pay for themselves

So since they don't pay for themselves...

...don't increase economic activity...

...create budget deficits...

...and result in higher levels of household debt...

...then what's your reason for them?

[LV426]

But yes, revenues are definitely up, that is irrefutable.

WRONG!

Revenues for 2018 were 2% less than 2017, here's the irrefutable numbers directly from Treasury smacking your lie down, shithead:

Receipts
Jan-2017: $344,069
Feb-2017: $171,713
Mar-2017: $216,584
Apr-2017: $455,605
May-2017: $240,418
Jun-2017: $388,660
Jul-2017: $232,040
Aug-2017: $226,311
Sep-2017: $348,722
Oct-2017: $235,341
Nov-2017: $208,374
Dec-2017: $325,797
Total-2017: $3,393,634

Receipts
Jan-2018: $361,038
Feb-2018: $155,623
Mar-2018: $210,832
Apr-2018: $510,447
May-2018: $217,075
Jun-2018: $316,278
Jul-2018: $225,266
Aug-2018: $219,115
Sep-2018: $343,559
Oct-2018: $252,692
Nov-2018: $205,961
Dec-2018: $312,584
Total-2018: $3,330,470

Eat shit, you fucking fraud.

[Althea]

Tax cuts don't have to pay for themselves. But yes, revenues are definitely up, that is irrefutable. It's the spending, stupid.

Liberals are suddenly worried about debt and deficits? What are Democrats doing about the spending? I mean, you know, besides nothing.

When you say 'revenues', does that include the billions that the taxpayers are spending on import tariffs?

[LV426]

t's the spending, stupid.

Revenues in 2018 were 2% less than 2017.

So revenues weren't "up".

Secondly, yeah, spending...like the $100B spending increase to the defense department and the $12B bailout of farmers because of your shitty trade policy.

[LV426]

When you say 'revenues', does that include the billions that the taxpayers are spending on import tariffs?

REVENUES ARE NOT UP.

DO NOT LET HIM LIE.

2018 saw 2% fewer revenues than 2017.

[LV426]

Liberals are suddenly worried about debt and deficits?

Pointing out your shitty hypocrisy on the debt and deficit doesn't mean we share your shitty and fake concerns.

[LV426]

TWhat are Democrats doing about the spending? I mean, you know, besides nothing.

You're the ones who increased defense spending by $100B.

You're the ones who increased spending by $12B to bail out farmers because of your dumb trade policy.

You're the ones who reduced revenue by 2% because you cut taxes.

You're the ones responsible for all of it.

[Truth Detector]

So since they don't pay for themselves...

...don't increase economic activity...

...create budget deficits...

...and result in higher levels of household debt...

...then what's your reason for them?

What a dishonest moron. They don't increase deficits; spending increases them. They don't result in lower revenue and they do increase economic activity.

But, lying assholes like you who have their empty heads stuck up their assholes can't know that because you lack the mental capacity to comprehend the OBVIOUS.

[LV426]

Not only is this the largest monthly deficit of all time, but all deficit records that have been made this century happened with a Conservative President.

[Althea]

REVENUES ARE NOT UP.

DO NOT LET HIM LIE.

2018 saw 2% fewer revenues than 2017.

Parts of '18 were still governed by old tax rates. So yes...revenue was actually down, but I'm just curious about how the tariffs factor into this? Likewise for the one time repatriation of overseas money.

[Truth Detector]

WRONG!

Revenues for 2018 were 2% less than 2017, here's the irrefutable numbers directly from Treasury smacking your lie down, shithead:

Receipts
Jan-2017: $344,069
Feb-2017: $171,713
Mar-2017: $216,584
Apr-2017: $455,605
May-2017: $240,418
Jun-2017: $388,660
Jul-2017: $232,040
Aug-2017: $226,311
Sep-2017: $348,722
Oct-2017: $235,341
Nov-2017: $208,374
Dec-2017: $325,797
Total-2017: $3,393,634

Receipts
Jan-2018: $361,038
Feb-2018: $155,623
Mar-2018: $210,832
Apr-2018: $510,447
May-2018: $217,075
Jun-2018: $316,278
Jul-2018: $225,266
Aug-2018: $219,115
Sep-2018: $343,559
Oct-2018: $252,692
Nov-2018: $205,961
Dec-2018: $312,584
Total-2018: $3,330,470

Eat shit, you fucking fraud.

You fucking moron, the Federal Fiscal year goes from October 1, 2017 through September 30, 2018.

Revenue October 2016 to September 2017 = $3,314,893 Billion.
Revenue October 2017 to September 2018 = $3,328,745 Billion.

$3,328,745 > $3,314,893 2018 Revenues actually increased by $13,852 Billion, or .41% over 2017. Tax Cuts and Jobs Act signed into law on December 22, 2017.

[Truth Detector]

Revenues in 2018 were 2% less than 2017.

So revenues weren't "up".

Secondly, yeah, spending...like the $100B spending increase to the defense department and the $12B bailout of farmers because of your shitty trade policy.

No they were not you moron; you have to go by fiscal years dumb fuck. See above.