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Tax receipts are up under the new tax plan.
Nice try.
Federal Revenues for FY 2018 are projected to be slightly higher than for FY 2017 ($3.34 Trillion versus $3.32 Trillion), however the deficit increase is being driven by the fact that federal spending has increased faster than revenue, primarily due to mandatory spending increases (SS and Medicare being the biggest) and defense spending increases that weren't completely offset.
Correct, but the OP is trying to blame the tax cuts for the current deficits, and that it is false.
Tax receipts are up under the new tax plan.
Nice try.
Federal Revenues for FY 2018 are projected to be slightly higher than for FY 2017 ($3.34 Trillion versus $3.32 Trillion), however the deficit increase is being driven by the fact that federal spending has increased faster than revenue, primarily due to mandatory spending increases (SS and Medicare being the biggest) and defense spending increases that weren't completely offset.
Correct, but the OP is trying to blame the tax cuts for the current deficits, and that it is false.
Yeah well, partisan mouthpieces will be partisan mouthpieces, they've always got to BLAME the other "side" or they aren't serving their purpose, however it *may* be correct if the economic growth rates that were used as justification for the tax cuts fail to materialize. However given the predictions for the 2nd Quarter 2018 GDP growth (4% or higher) it looks somewhat positive so far, we'll see how it turns out over a statistically significant period I suppose.
Yeah, historically inaccuracies are most prevalent in first quarters.Tax receipts are up under the new tax plan.
Nice try.
Federal Revenues for FY 2018 are projected to be slightly higher than for FY 2017 ($3.34 Trillion versus $3.32 Trillion), however the deficit increase is being driven by the fact that federal spending has increased faster than revenue, primarily due to mandatory spending increases (SS and Medicare being the biggest) and defense spending increases that weren't completely offset.
Correct, but the OP is trying to blame the tax cuts for the current deficits, and that it is false.
Yeah well, partisan mouthpieces will be partisan mouthpieces, they've always got to BLAME the other "side" or they aren't serving their purpose, however it *may* be correct if the economic growth rates that were used as justification for the tax cuts fail to materialize. However given the predictions for the 2nd Quarter 2018 GDP growth (4% or higher) it looks somewhat positive so far, we'll see how it turns out over a statistically significant period I suppose.
The predictions for the 1st quarter were in the 4 to 5 range...GDP predictors are a lot like TV weathermen, wrong most of the time
Here you are in 2010:Wrong, tax receipts are up this year already. Income tax won’t be collected until next year, but most every other tax is collected during the year.
I already pointed out Congress is responsible for spending, not the President.
When we have a President and a lapdog Congress who actually believe they can spend their way out of debt, we have every right to judge.
"Deficits" are not down. The yearly deficit is still over a trillion dollars per year, adding to the national debt every year.
Math much?
Eight years of Obozo adding ten trillion to the debt
Unless you eliminate the deficit each year, you're just adding to the debt.
I wonder how many trillions of dollars of debt Trump will have to add before the pseudocons finally admit it.
Talk about being willfully blind!!!
Yeah, historically inaccuracies are most prevalent in first quarters.Tax receipts are up under the new tax plan.
Nice try.
Federal Revenues for FY 2018 are projected to be slightly higher than for FY 2017 ($3.34 Trillion versus $3.32 Trillion), however the deficit increase is being driven by the fact that federal spending has increased faster than revenue, primarily due to mandatory spending increases (SS and Medicare being the biggest) and defense spending increases that weren't completely offset.
Correct, but the OP is trying to blame the tax cuts for the current deficits, and that it is false.
Yeah well, partisan mouthpieces will be partisan mouthpieces, they've always got to BLAME the other "side" or they aren't serving their purpose, however it *may* be correct if the economic growth rates that were used as justification for the tax cuts fail to materialize. However given the predictions for the 2nd Quarter 2018 GDP growth (4% or higher) it looks somewhat positive so far, we'll see how it turns out over a statistically significant period I suppose.
The predictions for the 1st quarter were in the 4 to 5 range...GDP predictors are a lot like TV weathermen, wrong most of the time
Larry Kydlow is a globalist; he lies all the time.He claimed the tax cuts were leading to a decrease in the budget deficit. The opposite is true.
This is how Larry Kudlow defines a falling deficit
So far the Trump tax cuts have failed. Economic growth was revised downward to 2% last quarter.
And Donnie Dirt Bag's Congress is spending like drunken sailors.I already pointed out Congress is responsible for spending, not the President.
Actually the Trumpettes were crowing about the 5.4% Q1 prediction which turned out to be 2.0%The predictions for the 1st quarter were in the 4 to 5 range.
Here you are in 2010:Wrong, tax receipts are up this year already. Income tax won’t be collected until next year, but most every other tax is collected during the year.
I already pointed out Congress is responsible for spending, not the President.
When we have a President and a lapdog Congress who actually believe they can spend their way out of debt, we have every right to judge.
Trump and the GOP passed a $1.5 trillion deficit tax cut. Spending their way out of debt.
2013:
"Deficits" are not down. The yearly deficit is still over a trillion dollars per year, adding to the national debt every year.
Math much?
2017:
Eight years of Obozo adding ten trillion to the debt
How funny you now say the President is NOT responsible for the debt!
Unless you eliminate the deficit each year, you're just adding to the debt.
Eat you own words, shitbird.
Deficits are UP. The debt is ACCELERATING.
Fact. Kudlow lied.
Yeah, historically inaccuracies are most prevalent in first quarters.Federal Revenues for FY 2018 are projected to be slightly higher than for FY 2017 ($3.34 Trillion versus $3.32 Trillion), however the deficit increase is being driven by the fact that federal spending has increased faster than revenue, primarily due to mandatory spending increases (SS and Medicare being the biggest) and defense spending increases that weren't completely offset.
Correct, but the OP is trying to blame the tax cuts for the current deficits, and that it is false.
Yeah well, partisan mouthpieces will be partisan mouthpieces, they've always got to BLAME the other "side" or they aren't serving their purpose, however it *may* be correct if the economic growth rates that were used as justification for the tax cuts fail to materialize. However given the predictions for the 2nd Quarter 2018 GDP growth (4% or higher) it looks somewhat positive so far, we'll see how it turns out over a statistically significant period I suppose.
The predictions for the 1st quarter were in the 4 to 5 range...GDP predictors are a lot like TV weathermen, wrong most of the time
Do you have something to support this claim?
Yeah, historically inaccuracies are most prevalent in first quarters.Correct, but the OP is trying to blame the tax cuts for the current deficits, and that it is false.
Yeah well, partisan mouthpieces will be partisan mouthpieces, they've always got to BLAME the other "side" or they aren't serving their purpose, however it *may* be correct if the economic growth rates that were used as justification for the tax cuts fail to materialize. However given the predictions for the 2nd Quarter 2018 GDP growth (4% or higher) it looks somewhat positive so far, we'll see how it turns out over a statistically significant period I suppose.
The predictions for the 1st quarter were in the 4 to 5 range...GDP predictors are a lot like TV weathermen, wrong most of the time
Do you have something to support this claim?
Yeah, the standard deviation between BEA advance and third is higher for the first quarter than any other quarter, apparently the BEA isn't very good at predicting Winter Weather and the extent of its impact on GDP, perhaps they should hire some better meteorologists.
Yeah, historically inaccuracies are most prevalent in first quarters.Yeah well, partisan mouthpieces will be partisan mouthpieces, they've always got to BLAME the other "side" or they aren't serving their purpose, however it *may* be correct if the economic growth rates that were used as justification for the tax cuts fail to materialize. However given the predictions for the 2nd Quarter 2018 GDP growth (4% or higher) it looks somewhat positive so far, we'll see how it turns out over a statistically significant period I suppose.
The predictions for the 1st quarter were in the 4 to 5 range...GDP predictors are a lot like TV weathermen, wrong most of the time
Do you have something to support this claim?
Yeah, the standard deviation between BEA advance and third is higher for the first quarter than any other quarter, apparently the BEA isn't very good at predicting Winter Weather and the extent of its impact on GDP, perhaps they should hire some better meteorologists.
Do you have the actual numbers?
Yeah, historically inaccuracies are most prevalent in first quarters.The predictions for the 1st quarter were in the 4 to 5 range...GDP predictors are a lot like TV weathermen, wrong most of the time
Do you have something to support this claim?
Yeah, the standard deviation between BEA advance and third is higher for the first quarter than any other quarter, apparently the BEA isn't very good at predicting Winter Weather and the extent of its impact on GDP, perhaps they should hire some better meteorologists.
Do you have the actual numbers?
BEA.gov, feel free to check my math, let me know if you come up with a different result.
He claimed the tax cuts were leading to a decrease in the budget deficit. The opposite is true.
This is how Larry Kudlow defines a falling deficit
So far the Trump tax cuts have failed. Economic growth was revised downward to 2% last quarter.
