danielpalos
Diamond Member
- Banned
- #81
We could use a fifteen dollar an hour minimum wage and unemployment compensation for simply being unemployed in our at-will employment States, as a form of welfare reform. Unemployment Compensation is more cost effective and simpler to use; simplification can be its own reward, in regards to Government.Which programs are mine? I’d cheer welfare reform.Sounds like deficits should be shrinking then. They are not.YOU WROTE: FY...
"Too bad tax revenue is down 9,725,000,000 for the FY since the tax cuts kicked in. In a time of economic boom we really should be increasing revenue, not decreasing it".
You said FY so that's what I used and that's what the attached spreadsheet shares.
Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, August 2018 and Other Periods
So which is it? FY tax revenues year to date show increase over previous year NOT CURRENT YEAR!
You are right, I did put FY instead of CY. Should have been CY. By the way, CY stands for calendar year.
Tax revenues are up for the FY, they are down for the time period since the tax cuts kicked in, I.e. the CY.
Sent from my iPhone using USMessageBoard.com
And you are right for calendar year receipts are down... GROSS receipts.
My point of the thread was though that as the poll question is showing Medicare/SS tax revenue is UP calendar year 2018 vs 2017.
This means more people are working and unemployment expenditures are down... i.e. MORE people are working. Older people are now "unretiring" because they can make more
money and again this is all contributing to the gross Federal revenue.
Q2 2018, Table 3.2. Federal Government Current Receipts and Expenditures: Quarterly | FRED | St. Louis Fed
View attachment 217560
Gator and Brain, do either of you think any of us will live to see the day when the government controls spending? I'm pretty sure I'll never live to see it. I am encouraged by the booming economy, and happy for the people who are doing well. When dems get power back, will either of you make a peep, or will you just cheer your programs?