Revenues are down down dow

[bigrebnc1775]

sure let's do that
Pull out of NATO while we're at it.

Cut spending to balance the budget. The right wing refuses to pay wartime tax rates for it. It must not be very serious.

rinse and repeat? You just said that.

tax cut economics are Worthless, if they don't cover spending.

Tax cuts are worthless? ok Nancy

lol. thanks for abandoning your argumentative post by having nothing but fallacy.

you are the one that made that comment you sling shit like a girl.

 

[Rustic]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Fuck taxes, they go to Career politicians... you stupid ass motherfucker

 

[Rustic]

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Socialism makes people’s lives much worse, you stupid ass motherfucker

 

[AntonToo]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Fuck taxes, they go to Career politicians... you stupid ass motherfucker

You may as well have posted "yep, I'm a total moron".

The only way to be against all taxation is to be for total anarchy.

 

[AntonToo]

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Socialism makes people’s lives much worse, you stupid ass motherfucker

wtf does that have to do with what you quoted?

 

[Aldo Raine]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Anyone else tired of the greedy drama queen?

And there you have it - from wearing tea bags on their heads to now calling national debt concerns "greedy"

you do realize tax cuts increase revenue but it does take a year or two for the growth to kick in.......so the first year or two you lose money.........it's like you've never seen this before.

Yup we have seen it before, Raygun had to raise taxes to cover the shortfall of his tax cuts several times. HW Booooosh also had to raise taxes to cover for Rayguns voodoo economics. Your tax cuts are going to disappear in a few years while the corporate tax cuts will still be in place. Who do you think they are going to come to to cover those shortfalls? Yup seen this all before.

 

[imawhosure]

F you and your bullshit concerns. You didn't give a fuck for years and now you are concerned? Bullshit. You are a lying hypocrite.

Stop pulling shit out of your ass - deficits have always been a concern in my posting and I dare you to quote me EVER saying otherwise.

Should have said the party you voted for. I could go through all the posts, but I will take your word for it.

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Lol, has nothing to do with the tax cuts. I didn't even mention tax cuts.
I just need to look at my portfolio and smile.
Doing much better thanks to Trump.

Then you’re lying since the market increased some 200% under Obama after bottoming out from Bush’s Great Recession. Whereas it’s up only about 25% under Trump since he took office.

Like I always say, if conservatives didn’t lie, they’d have nothing to say.

Obama stifled businesses with his EO's regarding regulations, and the returns and anemic economy reflected that.
When Trump got in and removed those EO's, the economy strengthened and the returns reflected THAT.
So I am doing better, the dividends are increasing.
No lying, I am doing better.

Stop pulling shit out of your ass - deficits have always been a concern in my posting and I dare you to quote me EVER saying otherwise.

Should have said the party you voted for. I could go through all the posts, but I will take your word for it.

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Lol, has nothing to do with the tax cuts. I didn't even mention tax cuts.
I just need to look at my portfolio and smile.
Doing much better thanks to Trump.

Then you’re lying since the market increased some 200% under Obama after bottoming out from Bush’s Great Recession. Whereas it’s up only about 25% under Trump since he took office.

Like I always say, if conservatives didn’t lie, they’d have nothing to say.

Obama stifled businesses with his EO's regarding regulations, and the returns and anemic economy reflected that.
When Trump got in and removed those EO's, the economy strengthened and the returns reflected THAT.
So I am doing better, the dividends are increasing.
No lying, I am doing better.

And again, you're lying. You're actually trying to ignore the value of the stocks.

Under Obama:

• DJIA: UP 149%
• NASDAQ: UP 265%
• S&P500: UP 167%

Under Obama following the market bottoming out from the recession:​

• DJIA: UP 199%
• NASDAQ: UP 286%
• S&P500: UP 182%

Under Trump:

• DJIA: UP 26%
• NASDAQ: UP 41%
• S&P500: UP 23%

Yahoo Finance - Business Finance, Stock Market, Quotes, News

That’s really funny considering you clearly don’t give a fuck and just want to make this about me, not facts.

Lousy comeback.
But the fact is, you dicks don't give a shit about the debt unless somebody like Bush or Trump is in the WH.....and while Obama was president you felt he wasn't wasting a penny.
Now it matters to your ass, you hypocrite.

that is not fact, that’s bullshit.

My advocacy on deficits has been fairly consistent - run them up to stimulate economy in tough times, PAY THEM DOWN in good times.

It’s why I supported Stimulus and opposed indefinite extension of tax cuts in 2012 (as I recall Obama was the one in office. 2018 tax-cuts ON TOP of those tax-cuts is straight bonkers.

You on the other hand RIGHT HERE are not giving a fuck.

Obviously running up the debt isn't a good thing in any economy.
Thanks to Obama we're currently over $21 trillion in debt.
I work in the government, and while Obama was sending billions overseas to foreign banks, we couldn't even get our grass cut.
Right now we're trying to fix all of the shitty buildings that low-bid contractors built while Obama was president.
Instead of building up the military, Obama decimated it.
So Trump is having to totally rebuild our military and our space programs.
But this has happened in the past. Jimmy Carter gutted our military and so did Bill Clinton. It's what Democrats do.

21 Trillion debt because Obama?

You are an idiot. Want to confirm for yourself?
Try to list what he blew 21 Trillion on.

Maybe you need to take a fucking course on reading comprehension.
I said thanks to Obama we're currently over $21 trillion in debt.

Now re-read that and tell me what you think that means.
Here's what I meant. We are currently over $21 trillion in debt.
When Obama became president we were only $10 trillion in debt.

Trump can't spend dick....because Congress won't let him.
Now who do you think got us close to $20 trillion in debt, and had us on a pace to hit $24 trillion by 2020?
Barack H. Obama.

Hey, Fauny-E-Baloney; I have a pertinent question for you---------->

QUESTION...……….Which President (Trump/Bush/Obama) had the economy and stock market pushed up, by the Federal Reserve pumping BILLIONS upon BILLIONS quarterly into the money supply? In case some forget the name of that, it was called QE 1 through 47, or some such number like that.

I would contend that------------> the QE money also contributed mightily to the disparity in income under Obama. Business was NOT investing in new machinery, it was investing in the stock market, because interest rates were soooooooo low, you almost LOST money to hold it in a CD.

I also contend that--------------> the health of this economy is easily proven to be Trumps by one statistic------------> and that statistic is business investment in new machinery, etc. Under Obama, it SHRANK...…...because of Obamas "you didn't build that," or "somebody else built it for you!" There was NO stability in tax policy, or regulations, until Trump made the scene. That is EXACTLY why business investment is off the charts, and the economy is growing in virtually every sector!

 

[mudwhistle]

Obviously running up the debt isn't a good thing in any economy.
Thanks to Obama we're currently over $21 trillion in debt.
I work in the government, and while Obama was sending billions overseas to foreign banks, we couldn't even get our grass cut.
Right now we're trying to fix all of the shitty buildings that low-bid contractors built while Obama was president.
Instead of building up the military, Obama decimated it.
So Trump is having to totally rebuild our military and our space programs.
But this has happened in the past. Jimmy Carter gutted our military and so did Bill Clinton. It's what Democrats do.

21 Trillion debt because Obama?

You are an idiot. Want to confirm for yourself?
Try to list what he blew 21 Trillion on.

Maybe you need to take a fucking course on reading comprehension.
I said thanks to Obama we're currently over $21 trillion in debt.

Now re-read that and tell me what you think that means.
Here's what I meant. We are currently over $21 trillion in debt.
When Obama became president we were only $10 trillion in debt.

Trump can't spend dick....because Congress won't let him.
Now who do you think got us close to $20 trillion in debt, and had us on a pace to hit $24 trillion by 2020?
Barack H. Obama.

Then blame Bush since he was the one who handed Obama a trillion dollar deficit with an economy in freefall with millions losing their jobs and their homes -- which was the biggest cause of our debt skyrocketing.

I think you need to take a course in civics.
Bush didn't hand Obama shit.
The Democrats in Congress did.

Idiot, nothing in civics will do the math on the deficit components.

Here they are, learn them:

Far and away biggest policy component? TAX CUTS

Which tax cuts did Bush vote into law?
I was under the impression that Congress votes on bills, not the president.
And the Democrats voted to keep the Bush tax cuts in place.

Then when Obama was given the presidency by that backstabbing John McCain, Congress voted for a Stimulus, and then Obamacare, which ran up the debt.

Then we discovered billions of dollars went missing in the State Department and other agencies under Obama.
Apparently Obama's loose accounting principles ended up costing us hundreds of billions that are still unaccounted for.

 

[danielpalos]

tax cut economics are Worthless, if they don't cover spending.

Tax cuts and increased revenue go hand and hand

tax cuts and debt increase goes hand in hand.

U.S. National Debt Clock : Real Time

Thanks for the clock
payroll revenue for
2012 was 839,444,702,000
2018 is 1,174,581,384,000

and? federal spending is UP, One hundred thirty-eight percent. Who couldn't, "get a rise out of the economy", with that much Government spending not private sector spending. US debt is up, One hundred sixty-nine percent. Why do the rich need any tax breaks?

but revenues is up income tax and payroll and payroll tax it's the opposite of what the op was trying to say.

means Nothing if we are only getting deeper into debt.

 

[danielpalos]

Cut spending to balance the budget. The right wing refuses to pay wartime tax rates for it. It must not be very serious.

rinse and repeat? You just said that.

tax cut economics are Worthless, if they don't cover spending.

Tax cuts are worthless? ok Nancy

lol. thanks for abandoning your argumentative post by having nothing but fallacy.

you are the one that made that comment you sling shit like a girl.

tax cuts are Worthless when they don't cover spending.

 

[danielpalos]

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Socialism makes people’s lives much worse, you stupid ass motherfucker

lol. only the right wing claims that after 1929.

 

[AntonToo]

Stop pulling shit out of your ass - deficits have always been a concern in my posting and I dare you to quote me EVER saying otherwise.

Should have said the party you voted for. I could go through all the posts, but I will take your word for it.

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Lol, has nothing to do with the tax cuts. I didn't even mention tax cuts.
I just need to look at my portfolio and smile.
Doing much better thanks to Trump.

Then you’re lying since the market increased some 200% under Obama after bottoming out from Bush’s Great Recession. Whereas it’s up only about 25% under Trump since he took office.

Like I always say, if conservatives didn’t lie, they’d have nothing to say.

Obama stifled businesses with his EO's regarding regulations, and the returns and anemic economy reflected that.
When Trump got in and removed those EO's, the economy strengthened and the returns reflected THAT.
So I am doing better, the dividends are increasing.
No lying, I am doing better.

Should have said the party you voted for. I could go through all the posts, but I will take your word for it.

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Lol, has nothing to do with the tax cuts. I didn't even mention tax cuts.
I just need to look at my portfolio and smile.
Doing much better thanks to Trump.

Then you’re lying since the market increased some 200% under Obama after bottoming out from Bush’s Great Recession. Whereas it’s up only about 25% under Trump since he took office.

Like I always say, if conservatives didn’t lie, they’d have nothing to say.

Obama stifled businesses with his EO's regarding regulations, and the returns and anemic economy reflected that.
When Trump got in and removed those EO's, the economy strengthened and the returns reflected THAT.
So I am doing better, the dividends are increasing.
No lying, I am doing better.

And again, you're lying. You're actually trying to ignore the value of the stocks.

Under Obama:

• DJIA: UP 149%
• NASDAQ: UP 265%
• S&P500: UP 167%

Under Obama following the market bottoming out from the recession:​

• DJIA: UP 199%
• NASDAQ: UP 286%
• S&P500: UP 182%

Under Trump:

• DJIA: UP 26%
• NASDAQ: UP 41%
• S&P500: UP 23%

Yahoo Finance - Business Finance, Stock Market, Quotes, News

Lousy comeback.
But the fact is, you dicks don't give a shit about the debt unless somebody like Bush or Trump is in the WH.....and while Obama was president you felt he wasn't wasting a penny.
Now it matters to your ass, you hypocrite.

that is not fact, that’s bullshit.

My advocacy on deficits has been fairly consistent - run them up to stimulate economy in tough times, PAY THEM DOWN in good times.

It’s why I supported Stimulus and opposed indefinite extension of tax cuts in 2012 (as I recall Obama was the one in office. 2018 tax-cuts ON TOP of those tax-cuts is straight bonkers.

You on the other hand RIGHT HERE are not giving a fuck.

Obviously running up the debt isn't a good thing in any economy.
Thanks to Obama we're currently over $21 trillion in debt.
I work in the government, and while Obama was sending billions overseas to foreign banks, we couldn't even get our grass cut.
Right now we're trying to fix all of the shitty buildings that low-bid contractors built while Obama was president.
Instead of building up the military, Obama decimated it.
So Trump is having to totally rebuild our military and our space programs.
But this has happened in the past. Jimmy Carter gutted our military and so did Bill Clinton. It's what Democrats do.

21 Trillion debt because Obama?

You are an idiot. Want to confirm for yourself?
Try to list what he blew 21 Trillion on.

Maybe you need to take a fucking course on reading comprehension.
I said thanks to Obama we're currently over $21 trillion in debt.

Now re-read that and tell me what you think that means.
Here's what I meant. We are currently over $21 trillion in debt.
When Obama became president we were only $10 trillion in debt.

Trump can't spend dick....because Congress won't let him.
Now who do you think got us close to $20 trillion in debt, and had us on a pace to hit $24 trillion by 2020?
Barack H. Obama.

Hey, Fauny-E-Baloney; I have a pertinent question for you---------->

QUESTION...……….Which President (Trump/Bush/Obama) had the economy and stock market pushed up, by the Federal Reserve pumping BILLIONS upon BILLIONS quarterly into the money supply? In case some forget the name of that, it was called QE 1 through 47, or some such number like that.

I would contend that------------> the QE money also contributed mightily to the disparity in income under Obama. Business was NOT investing in new machinery, it was investing in the stock market, because interest rates were soooooooo low, you almost LOST money to hold it in a CD.

I also contend that--------------> the health of this economy is easily proven to be Trumps by one statistic------------> and that statistic is business investment in new machinery, etc. Under Obama, it SHRANK...…...because of Obamas "you didn't build that," or "somebody else built it for you!" There was NO stability in tax policy, or regulations, until Trump made the scene. That is EXACTLY why business investment is off the charts, and the economy is growing in virtually every sector!

Can you seriously no even do basic search before posting your bullshit?

 

[mudwhistle]

rinse and repeat? You just said that.

tax cut economics are Worthless, if they don't cover spending.

Tax cuts are worthless? ok Nancy

lol. thanks for abandoning your argumentative post by having nothing but fallacy.

you are the one that made that comment you sling shit like a girl.

tax cuts are Worthless when they don't cover spending.

Tax cuts are designed to increase growth.
It's not a zero sum approach.
What you cut in taxes doesn't always add up to a decrease in revenue when you take into account all of the new jobs the cuts created.

 

[mudwhistle]

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Socialism makes people’s lives much worse, you stupid ass motherfucker

lol. only the right wing claims that after 1929.

Only leftists think robbing from Peter to pay Paul is a good economic policy.
Socialism has caused more bankruptcy than you can imagine.
It brought down the Aristocracy in Britain after WWI thanks to the death tax.

 

[danielpalos]

tax cut economics are Worthless, if they don't cover spending.

Tax cuts are worthless? ok Nancy

lol. thanks for abandoning your argumentative post by having nothing but fallacy.

you are the one that made that comment you sling shit like a girl.

tax cuts are Worthless when they don't cover spending.

Tax cuts are designed to increase growth.
It's not a zero sum approach.
What you cut in taxes doesn't always add up to a decrease in revenue when you take into account all of the new jobs the cuts created.

I understand the point about growth.

The fiscal responsibility point is, that the Growth generated is not Worth the Debt being accumulated.

We are doing nothing for infrastructure or building new and more efficient cities.

 

[danielpalos]

I'm doing much better under Trump than I ever did under Obama.
That's what I look at, what affects me.
Carry on

Lol, because you got a few dollars from tax-cut last few months?

Who do you think will be paying for the debts tax-cut you pocket today causes? Magic fairies?

Socialism makes people’s lives much worse, you stupid ass motherfucker

lol. only the right wing claims that after 1929.

Only leftists think robbing from Peter to pay Paul is a good economic policy.
Socialism has caused more bankruptcy than you can imagine.
It brought down the Aristocracy in Britain after WWI thanks to the death tax.

Nobody takes the right wing seriously about economics.

Capitalism "died in 1929", and Socialism has been, "bailing us out ever since."

 

[buckeye45_73]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Anyone else tired of the greedy drama queen?

And there you have it - from wearing tea bags on their heads to now calling national debt concerns "greedy"

you do realize tax cuts increase revenue but it does take a year or two for the growth to kick in.......so the first year or two you lose money.........it's like you've never seen this before.

They do not increase revenues. There are secondary effects (dynamic effects) but they only recoup a fraction of up front cost.

Economists left, right and center agree on this general principle.

1.5 trillion is the first order 10 year cost, it goes down to about 1 trillion with generous allowance for dynamic feedback.

There isn't an economist in the world that can honestly tell you or me what the GDP will be a year from today, or what the Dow Jones average will be a year from today. Yet, they want to pretend they can guess what will happen ten years from now? Far too many unpredictable factors in play in a free economy.

An economist is an expert who can tell you tomorrow why the prediction he made yesterday did not materialize today.

I agree, they do this on everything, and they are never correct. in the 70s, we had a 20 year supply of oil....oooops….I guess not!

 

[buckeye45_73]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Anyone else tired of the greedy drama queen?

And there you have it - from wearing tea bags on their heads to now calling national debt concerns "greedy"

you do realize tax cuts increase revenue but it does take a year or two for the growth to kick in.......so the first year or two you lose money.........it's like you've never seen this before.

Yup we have seen it before, Raygun had to raise taxes to cover the shortfall of his tax cuts several times. HW Booooosh also had to raise taxes to cover for Rayguns voodoo economics. Your tax cuts are going to disappear in a few years while the corporate tax cuts will still be in place. Who do you think they are going to come to to cover those shortfalls? Yup seen this all before.

If True, why were government incomes above pre tax cut levels?
The deficit grew, but that was because of more spending. Reagan faced a dem house.....he had to spend money to get them to pass it. Sorry but you are totally wrong in your assessment

 

[buckeye45_73]

rinse and repeat? You just said that.

tax cut economics are Worthless, if they don't cover spending.

Tax cuts are worthless? ok Nancy

lol. thanks for abandoning your argumentative post by having nothing but fallacy.

you are the one that made that comment you sling shit like a girl.

tax cuts are Worthless when they don't cover spending.

That's not the goal dipshit, but ironically they do, it's just we spend even more each year....with no results.

 

[buckeye45_73]

tax cut economics are Worthless, if they don't cover spending.

Tax cuts are worthless? ok Nancy

lol. thanks for abandoning your argumentative post by having nothing but fallacy.

you are the one that made that comment you sling shit like a girl.

tax cuts are Worthless when they don't cover spending.

Tax cuts are designed to increase growth.
It's not a zero sum approach.
What you cut in taxes doesn't always add up to a decrease in revenue when you take into account all of the new jobs the cuts created.

They don't get it, they think 100% in taxes will yield them more than now...….they don't get anything but linear equations and black and white answers.