Why would you think the after almost half a century of failed voodoo trickle down economics that this would be the year it would not actually and finally work? O ye of little faith...lol
Heheheh -- I know, right?
Why would you think the after almost half a century of failed voodoo trickle down economics that this would be the year it would not actually and finally work? O ye of little faith...lol
Good link, thanks. From it:
"In 2018, the government’s revenues amounted to $3.3 trillion—$14 billion (or less than 1 percent) more than in 2017. As a percentage of GDP, revenues fell from 17.2 percent in 2017 to 16.4 percent in 2018, dropping below the average (17.4 percent) for the past 50 years."
and
"Net spending by the government was $4.1 trillion in 2018—$127 billion (or 3.2 percent) more than in 2017. Outlays amounted to 20.3 percent of GDP in 2018, compared with 20.7 percent in 2017, and were equal to the 50-year average. If not for the shift in the timing of certain payments, outlays in 2018 would have equaled 20.5 percent of GDP."
So much for that cherished GOP lie about the (D)s: "Tax and spend Democrats."
Of course, you don't believe campaign rhetoric. Same is true for that Democratic lie that Republicans cut social programs.
You don't win votes by cutting the budget.
I'm always amused when Trump apologists are vanquished with facts and then turn to "Well, all politicians lie" or "They all make promises they don't keep." lol
Trump is sounding quite anxious and frantic lately. He probably believes that a tax cut will somehow erase a recession if we go into one. #OneTermTrumpie is headed for a world of legal woes if he doesn't win in 2020.
You began with the "politicians lie" argument when you said Republican rhetoric about Democrats being big spenders is a lie. I just agreed with you and gave you another example. They are both big spenders.
You have never heard me apologize, support, or defend Trump. You are making unfounded assumptions.
The final numbers are rolling in from 2018 taxes, and so far Americans that aren’t in the top 1% of income earners paid an additional $90 billion in taxes last year. And that’s even AFTER the Republican’s tax scam bill took effect for the rest of us. We got hosed on this deal, and there’s no other way to say it.
Oh golly gee...what a surprise!
I was frankly shocked that you even gave the impression of defending the Toadstool. You've always had more honor, honesty, and class than that. My apologies for disregarding my initial impression and jumping to conclusions.
Saying the Republican lie that Democrats are the big spenders or that Democrats lie when they say Republicans want to cut social programs have nothing to do with Trump and I did not mention Trump in my post. Those lies have been around long before Trump.
"Of course, you don't believe campaign rhetoric. Same is true for that Democratic lie that Republicans cut social programs. You don't win votes by cutting the budget."
You mean we were lied to -- again?
even the lame stream media says you're lying......
https://www.nytimes.com/2019/05/02/business/economy/wage-growth-economy.html
https://www.pbs.org/newshour/economy/making-sense/wages-are-finally-ticking-up-heres-why
https://www.cnbc.com/2019/02/13/worker-wage-gains-are-keeping-up-with-inflation-and-then-some.html
https://www.marketwatch.com/story/at-a-10-year-high-wage-growth-for-american-workers-likely-to-keep-accelerating-2019-03-08
sorry your wages were not up.......minimum wage has increased though so at least you got something
Yes. Fiscal year 2018 revenues were higher than fiscal year 2017 revenues.
"In 2018, the government’s revenues amounted to $3.3 trillion—$14 billion (or less than 1 percent) more than in 2017. [Congressional Budget Office]
https://www.cbo.gov/publication/54647
Nothing truer in politics than your last sentence. It’s why we have $22 trillion (and rapidly growing) in national debt. And this most recent budget was a perfect example of bi-partisan excess.
At the end of the day we as voters want low taxes and lots of government services. The math doesn’t add up to give us those two things but we demand it anyway. And because we don’t hold politicians responsible they are going to continue to give it to us because as you said, they don’t win votes by cutting things
Hi Flash,
And the deficit grew even more!
2 steps forward, 3 back.
Hello cawacko,
Republicans do win votes by irresponsibly cutting taxes to the point that the deficit is approaching a trillion dollars.
Hello cawacko,
Republicans do win votes by irresponsibly cutting taxes to the point that the deficit is approaching a trillion dollars.
True, but the un-Americans paid a trillion less.
All that wage growth is skewed by growth at the top.
Take out the 1%'s wage growth and what does the picture look like?