Jobless claims at a 49 year low...

[Harpy Eagle]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Yep...this is horrible, it totally sucks that the government has less money and the people have more of THEIR money. Run with that....PLEASE!

Yes it does suck that the government has less money yet is spending more money, thus putting more burden on the next generations.

Well, it sucks to anyone that is not a partisan hack who cares only about their party.


Sent from my iPhone using USMessageBoard.com

The Kenyan spent like a horny drunk sailor at a whorehouse full of Playboy models for nearly a decade.
Tell us EXACTLY how you have been affected by the deficit spending...it seems like all I hear are stories of prosperity. Am I making this up?

And guess what Obama also did?


TARP was billed against Bush's deficits. That's why there was over $1.4 trillion deficit under Bush in 2008.
BUT not only did Obama get TARP paid back BUT with a profit... Obama still ran up bigger deficits then previous 5 presidents and here is the proof!
Bailout Scorecard | Eye on the Bailout | ProPublica
View attachment 217539

View attachment 217538

And now in the middle of a booming economy Trump will run the 2nd largest deficit in history...and you will still be licking his ass as he does it




Sent from my iPhone using USMessageBoard.com

 

[healthmyths]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Once again you spout a statistic WITH NO substantiation! NO LINK!
Wow for a supposedly "statistician" YOU certainly don't expect people to believe YOU?

Who Really Pays Uncle Sam's Bills?

Doesn't look like that's the case!
View attachment 217529

I have provided the link a half a dozen times over the last week, even did the math for a couple of the math idiots.

Let me know if you need help with the addition and subtraction

Monthly Treasury Statement


Sent from my iPhone using USMessageBoard.com

Was that so difficult?

Now in looking at your LINK... NOTE the net effect of the TAX CUTS as dummies like you seem to be so ignorant of how the economy works!

A) INDIVIDUAL tax income UP! Why? People making more money because why? Dummy! More people working!
B) Corporate Taxes DOWN! Why? Because of tax cuts which MEANS more money to spend by stockholders which you hate, more people being hired..geez bad news to you!
C) SS/Medicare taxes UP and WHY MORE people working paying what??? PAYROLL TAXES!
D) Wow LOOK what went down??? Unemployment Insurance? WHY? More people working!
E) GEEZ what went up? Excise taxes... meaning people are spending more money on goods and services!
F) Total receipts UP year to date comparable 1/1/17 to 08/1/17 !

 

[Harpy Eagle]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Once again you spout a statistic WITH NO substantiation! NO LINK!
Wow for a supposedly "statistician" YOU certainly don't expect people to believe YOU?

Who Really Pays Uncle Sam's Bills?

Doesn't look like that's the case!
View attachment 217529

I have provided the link a half a dozen times over the last week, even did the math for a couple of the math idiots.

Let me know if you need help with the addition and subtraction

Monthly Treasury Statement


Sent from my iPhone using USMessageBoard.com

Was that so difficult?

Now in looking at your LINK... NOTE the net effect of the TAX CUTS as dummies like you seem to be so ignorant of how the economy works!

A) INDIVIDUAL tax income UP! Why? People making more money because why? Dummy! More people working!
B) Corporate Taxes DOWN! Why? Because of tax cuts which MEANS more money to spend by stockholders which you hate, more people being hired..geez bad news to you!
C) SS/Medicare taxes UP and WHY MORE people working paying what??? PAYROLL TAXES!
D) Wow LOOK what went down??? Unemployment Insurance? WHY? More people working!
E) GEEZ what went up? Excise taxes... meaning people are spending more money on goods and services!
F) Total receipts UP year to date comparable 1/1/17 to 08/1/17 !

View attachment 217548

You link show Fed receipts up for the FY, not the CY. They are up for the FY because the tax cut did not kick in until Jan. They are down since then.

That is why for the CY will push 1.3 trillion added to the debt...in the middle of a booming economy.


Sent from my iPhone using USMessageBoard.com

 

[healthmyths]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Once again you spout a statistic WITH NO substantiation! NO LINK!
Wow for a supposedly "statistician" YOU certainly don't expect people to believe YOU?

Who Really Pays Uncle Sam's Bills?

Doesn't look like that's the case!
View attachment 217529

I have provided the link a half a dozen times over the last week, even did the math for a couple of the math idiots.

Let me know if you need help with the addition and subtraction

Monthly Treasury Statement


Sent from my iPhone using USMessageBoard.com

Was that so difficult?

Now in looking at your LINK... NOTE the net effect of the TAX CUTS as dummies like you seem to be so ignorant of how the economy works!

A) INDIVIDUAL tax income UP! Why? People making more money because why? Dummy! More people working!
B) Corporate Taxes DOWN! Why? Because of tax cuts which MEANS more money to spend by stockholders which you hate, more people being hired..geez bad news to you!
C) SS/Medicare taxes UP and WHY MORE people working paying what??? PAYROLL TAXES!
D) Wow LOOK what went down??? Unemployment Insurance? WHY? More people working!
E) GEEZ what went up? Excise taxes... meaning people are spending more money on goods and services!
F) Total receipts UP year to date comparable 1/1/17 to 08/1/17 !

View attachment 217548

You link show Fed receipts up for the FY, not the CY. They are up for the FY because the tax cut did not kick in until Jan. They are down since then.

That is why for the CY will push 1.3 trillion added to the debt...in the middle of a booming economy.


Sent from my iPhone using USMessageBoard.com

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!

 

[healthmyths]

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Yep...this is horrible, it totally sucks that the government has less money and the people have more of THEIR money. Run with that....PLEASE!

Yes it does suck that the government has less money yet is spending more money, thus putting more burden on the next generations.

Well, it sucks to anyone that is not a partisan hack who cares only about their party.


Sent from my iPhone using USMessageBoard.com

The Kenyan spent like a horny drunk sailor at a whorehouse full of Playboy models for nearly a decade.
Tell us EXACTLY how you have been affected by the deficit spending...it seems like all I hear are stories of prosperity. Am I making this up?

And guess what Obama also did?


TARP was billed against Bush's deficits. That's why there was over $1.4 trillion deficit under Bush in 2008.
BUT not only did Obama get TARP paid back BUT with a profit... Obama still ran up bigger deficits then previous 5 presidents and here is the proof!
Bailout Scorecard | Eye on the Bailout | ProPublica
View attachment 217539

View attachment 217538

And now in the middle of a booming economy Trump will run the 2nd largest deficit in history...and you will still be licking his ass as he does it




Sent from my iPhone using USMessageBoard.com

And now rather than guesses by You traitorGator...

This year’s cumulative deficit is 33 percent ($222 billion) higher than for the same period last year.
According to CBO, while federal revenues have increased by 1 percent ($19 billion) over the first 11 months of FY 2018, federal outlays have increased by 7 percent ($240 billion). Outlays rose across all major categories,
including interest spending,
defense spending, and spending on major entitlement programs.
Key drivers of the increased deficit year-over-year in the month of August alone (adjusted by CBO to remove the effects of timing shifts) were:
interest spending up 25 percent ($7 billion);
defense spending up 10 percent ($5 billion); and
Social Security and Medicare spending up 5 percent and 7 percent respectively ($4 billion each).
Deficit Tracker

So guess what part of that defense spending increase involved????? Go ahead guess? Then I'll share!

 

[easyt65]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

...yeah...but what about the Russians....what about Kavanaugh raping some girl 40 years ago...?

 

[danielpalos]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

What Point are you trying to make?

 

[danielpalos]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Yep...this is horrible, it totally sucks that the government has less money and the people have more of THEIR money. Run with that....PLEASE!

nothing but command economics; all the while, the right wing alleges to abhor, socialism.

 

[danielpalos]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Yes, but now PhDs are not getting jobs at McDonalds but 6 figure jobs at Lockheed. And for the first time in a decade salaries are rising for the general population.

an upward Trend for around decade.

 

[Harpy Eagle]

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Once again you spout a statistic WITH NO substantiation! NO LINK!
Wow for a supposedly "statistician" YOU certainly don't expect people to believe YOU?

Who Really Pays Uncle Sam's Bills?

Doesn't look like that's the case!
View attachment 217529

I have provided the link a half a dozen times over the last week, even did the math for a couple of the math idiots.

Let me know if you need help with the addition and subtraction

Monthly Treasury Statement


Sent from my iPhone using USMessageBoard.com

Was that so difficult?

Now in looking at your LINK... NOTE the net effect of the TAX CUTS as dummies like you seem to be so ignorant of how the economy works!

A) INDIVIDUAL tax income UP! Why? People making more money because why? Dummy! More people working!
B) Corporate Taxes DOWN! Why? Because of tax cuts which MEANS more money to spend by stockholders which you hate, more people being hired..geez bad news to you!
C) SS/Medicare taxes UP and WHY MORE people working paying what??? PAYROLL TAXES!
D) Wow LOOK what went down??? Unemployment Insurance? WHY? More people working!
E) GEEZ what went up? Excise taxes... meaning people are spending more money on goods and services!
F) Total receipts UP year to date comparable 1/1/17 to 08/1/17 !

View attachment 217548

You link show Fed receipts up for the FY, not the CY. They are up for the FY because the tax cut did not kick in until Jan. They are down since then.

That is why for the CY will push 1.3 trillion added to the debt...in the middle of a booming economy.


Sent from my iPhone using USMessageBoard.com

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

 

[healthmyths]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

What Point are you trying to make?

This is the point...

 

[danielpalos]

Good to see the trend from the last 6 years continuing! That is good news indeed.
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.



Sent from my iPhone using USMessageBoard.com

Yes, but now PhDs are not getting jobs at McDonalds but 6 figure jobs at Lockheed. And for the first time in a decade salaries are rising for the general population.

Where are these rising salaries?

Gotta have a job first.

Plenty are employed, but wages stagnant.

Sanders' Misleading Wage Claim - FactCheck.org

hardly something for the right wing to Brag about;

But that is no longer correct. Figures downloaded from the BLS website, which are based on slightly more recent and extensive data than in the press release, show a 0.1 percent increase in real hourly wages in that 12-month period. Even that figure remains preliminary, and subject to revision for another month or so.

 

[danielpalos]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

What Point are you trying to make?

This is the point...

View attachment 217556

Here is my rebuttal; U.S. National Debt Clock : Real Time

 

[Lakhota]

Jobless claims at a 49 year low...

Thank you President Obama!

 

[Harpy Eagle]

Yep...this is horrible, it totally sucks that the government has less money and the people have more of THEIR money. Run with that....PLEASE!

Yes it does suck that the government has less money yet is spending more money, thus putting more burden on the next generations.

Well, it sucks to anyone that is not a partisan hack who cares only about their party.


Sent from my iPhone using USMessageBoard.com

The Kenyan spent like a horny drunk sailor at a whorehouse full of Playboy models for nearly a decade.
Tell us EXACTLY how you have been affected by the deficit spending...it seems like all I hear are stories of prosperity. Am I making this up?

And guess what Obama also did?


TARP was billed against Bush's deficits. That's why there was over $1.4 trillion deficit under Bush in 2008.
BUT not only did Obama get TARP paid back BUT with a profit... Obama still ran up bigger deficits then previous 5 presidents and here is the proof!
Bailout Scorecard | Eye on the Bailout | ProPublica
View attachment 217539

View attachment 217538

And now in the middle of a booming economy Trump will run the 2nd largest deficit in history...and you will still be licking his ass as he does it




Sent from my iPhone using USMessageBoard.com

And now rather than guesses by You traitorGator...

This year’s cumulative deficit is 33 percent ($222 billion) higher than for the same period last year.
According to CBO, while federal revenues have increased by 1 percent ($19 billion) over the first 11 months of FY 2018, federal outlays have increased by 7 percent ($240 billion). Outlays rose across all major categories,
including interest spending,
defense spending, and spending on major entitlement programs.
Key drivers of the increased deficit year-over-year in the month of August alone (adjusted by CBO to remove the effects of timing shifts) were:
interest spending up 25 percent ($7 billion);
defense spending up 10 percent ($5 billion); and
Social Security and Medicare spending up 5 percent and 7 percent respectively ($4 billion each).
Deficit Tracker

So guess what part of that defense spending increase involved????? Go ahead guess? Then I'll share!

I am not guessing at anything. With 1 week to go the FY deficit is 1.23 trillion dollars. At the current pace the CY deficit will reach 1.39 trillion dollars...which will be the second largest in history, second only to the recession year of 2009. And we are in the middle of an economic boom,not a recession.


Sent from my iPhone using USMessageBoard.com

 

[Harpy Eagle]

Jobless claims fall again to reach new 49-year low of 201,000

Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.

Jobless claims fall again to reach new 49-year low of 201,000

Now other than showing the economy, jobs, etc are better than they have been in a long time guess what else is happening????
Payroll tax revenues increase.
And I'll share more after poll results are shown.
View attachment 217495

What Point are you trying to make?

This is the point...

View attachment 217556

So your point is that the number of people being added to the food stamp rolls has been declining since 2010?


Sent from my iPhone using USMessageBoard.com

 

[Brain357]

Plenty are employed, but wages stagnant.

The federal minimum wage is $7.25 an hour and hasn’t increased since 2009. But many states and municipalities enacted laws to raise the wage this year. In California, the minimum wage went up 50 cents an hour starting Jan. 1 to $11 an hour. In some Bay Area and Silicon Valley cities where income inequality has soared, the minimum wage shot up to $15 an hour.
Here’s one big reason wages increased at their fastest pace in 9 years

Now I'm going to shout because idiots like you just don't seem to comprehend the simple statement
"ONE SIZE DOESN"T FIT ALL"!!!

So the gains are from min wage increases? Very telling.

Really? Have you ever had a job?

Been working since I was 12. Way to go off topic.

Well, you certainly don't know how wages work.

I certainly know they are stagnant.

 

[healthmyths]

Once again you spout a statistic WITH NO substantiation! NO LINK!
Wow for a supposedly "statistician" YOU certainly don't expect people to believe YOU?

Who Really Pays Uncle Sam's Bills?

Doesn't look like that's the case!
View attachment 217529

I have provided the link a half a dozen times over the last week, even did the math for a couple of the math idiots.

Let me know if you need help with the addition and subtraction

Monthly Treasury Statement


Sent from my iPhone using USMessageBoard.com

Was that so difficult?

Now in looking at your LINK... NOTE the net effect of the TAX CUTS as dummies like you seem to be so ignorant of how the economy works!

A) INDIVIDUAL tax income UP! Why? People making more money because why? Dummy! More people working!
B) Corporate Taxes DOWN! Why? Because of tax cuts which MEANS more money to spend by stockholders which you hate, more people being hired..geez bad news to you!
C) SS/Medicare taxes UP and WHY MORE people working paying what??? PAYROLL TAXES!
D) Wow LOOK what went down??? Unemployment Insurance? WHY? More people working!
E) GEEZ what went up? Excise taxes... meaning people are spending more money on goods and services!
F) Total receipts UP year to date comparable 1/1/17 to 08/1/17 !

View attachment 217548

You link show Fed receipts up for the FY, not the CY. They are up for the FY because the tax cut did not kick in until Jan. They are down since then.

That is why for the CY will push 1.3 trillion added to the debt...in the middle of a booming economy.


Sent from my iPhone using USMessageBoard.com

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

 

[The Breeze]

Jobless claims at a 49 year low...

Thank you President Obama!

Lol

 

[Brain357]

I have provided the link a half a dozen times over the last week, even did the math for a couple of the math idiots.

Let me know if you need help with the addition and subtraction

Monthly Treasury Statement


Sent from my iPhone using USMessageBoard.com

Was that so difficult?

Now in looking at your LINK... NOTE the net effect of the TAX CUTS as dummies like you seem to be so ignorant of how the economy works!

A) INDIVIDUAL tax income UP! Why? People making more money because why? Dummy! More people working!
B) Corporate Taxes DOWN! Why? Because of tax cuts which MEANS more money to spend by stockholders which you hate, more people being hired..geez bad news to you!
C) SS/Medicare taxes UP and WHY MORE people working paying what??? PAYROLL TAXES!
D) Wow LOOK what went down??? Unemployment Insurance? WHY? More people working!
E) GEEZ what went up? Excise taxes... meaning people are spending more money on goods and services!
F) Total receipts UP year to date comparable 1/1/17 to 08/1/17 !

View attachment 217548

You link show Fed receipts up for the FY, not the CY. They are up for the FY because the tax cut did not kick in until Jan. They are down since then.

That is why for the CY will push 1.3 trillion added to the debt...in the middle of a booming economy.


Sent from my iPhone using USMessageBoard.com

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

Sounds like deficits should be shrinking then. They are not.