Larry Kudlow lied about the budget deficit

[jc456]

Tax receipts are up under the new tax plan.


Nice try.

The deficit is increasing; economic growth is stagnant.

Trump's tax cuts are failing.

tax cuts are bringing in bigger revenues. the issue isn't the tax cuts, but the spending increases. ooopss.

 

[g5000]

Tax receipts are up under the new tax plan.


Nice try.

The deficit is increasing; economic growth is stagnant.

Trump's tax cuts are failing.

tax cuts are bringing in bigger revenues. the issue isn't the tax cuts, but the spending increases. ooopss.

As i have told you before, revenues increase whether you raise or lower tax rates. Yet you keep lying by omission.

Ooopss.

The revenue thing you all hoot and holler about is a fake diversion to keep you from noticing Trump is on pace to beat Obama's record debt.

 

[Brain357]

Trump has returned us to trillion dollar deficits in one quarter of the time it took Obama to reduce them to less than half that.

What an amazing achievement! Way to go Trump!

That’s ok, repubs forgot they were fiscally responsible.

 

[AntonToo]

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.

Here you are in 2010:

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.

Did I claim deficits weren’t up, dipshit? I already stated it’s up to congress to pass a balanced budget. The topic at hand is whether or not the tax cuts bring in more revenue, meaning they aren’t responsible for the increase in the deficit. Spending is. President Trump is responsible for signing the budget into law, so the deficit is on him too, but at least he has spurred the economy within a year of being elected, unlike your beloved Hussein who ran up the deficit and did nothing to strengthen the economy.

Tax-cuts directly to lowered revenues, anyone who tells you otherwise is either ignorant or a politico hack.

Data on this is VERY clear.

Monthly Treasury Statement

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0918.pdf - Page 2

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
July 18 - $7B
Aug 18 - $7B
Sep 18 - $5B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 14 billion shortfall.

Total effect is 25 billion monthly revenue reduction trend so far for months with tax-cuts

 

[g5000]

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.

Here you are in 2010:

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.

Did I claim deficits weren’t up, dipshit? I already stated it’s up to congress to pass a balanced budget. The topic at hand is whether or not the tax cuts bring in more revenue, meaning they aren’t responsible for the increase in the deficit. Spending is. President Trump is responsible for signing the budget into law, so the deficit is on him too, but at least he has spurred the economy within a year of being elected, unlike your beloved Hussein who ran up the deficit and did nothing to strengthen the economy.

Trump had several quarters over 4 percent growth in GDP, dumbass. Trump hasn't.

You just make shit up and actually are stupid enough to think you can get away with it.

Obama came into office with the country bleeding 600,000 jobs a months. The economy turned around and the DOW grew by 300 percent.

Trump was elected on third base, and you tards think he hit a triple! He hasn't even matched Obama's achievement in growth in the Dow by this point in his presidency, and the Dow was still plunging into the abyss when Obama took office!

The Dow grew by 38 percent at this point in Obama's presidency, despite that deep dive it was doing when he was sworn in. Trump has only managed a weak 26 percent.

You put the debt all on Obama. I quoted you. And now you are trying to fob off TRUMP's debt onto Congress. Well fuck you, hypocrite. You're busted.

 

[theHawk]

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.

Here you are in 2010:

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.

Did I claim deficits weren’t up, dipshit? I already stated it’s up to congress to pass a balanced budget. The topic at hand is whether or not the tax cuts bring in more revenue, meaning they aren’t responsible for the increase in the deficit. Spending is. President Trump is responsible for signing the budget into law, so the deficit is on him too, but at least he has spurred the economy within a year of being elected, unlike your beloved Hussein who ran up the deficit and did nothing to strengthen the economy.

Tax-cuts directly to lowered revenues, anyone who tells you otherwise is either ignorant or a politico hack.

Data on this is VERY clear.

Monthly Treasury Statement

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0918.pdf - Page 2

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
July 18 - $7B
Aug 18 - $7B
Sep 18 - $5B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 14 billion shortfall.

Total effect is 25 billion monthly revenue reduction trend so far for months with tax-cuts

FY18 income taxes brought in $1.68 trillion.

FY17 income taxes brought in $1.58 trillion.

Compare Trump's 2017 Spending to Budgets

2018 brought in $100 billion more than 2017. So take your monkey math and shove it.

 

[g5000]

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.

Here you are in 2010:

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.

Did I claim deficits weren’t up, dipshit? I already stated it’s up to congress to pass a balanced budget. The topic at hand is whether or not the tax cuts bring in more revenue, meaning they aren’t responsible for the increase in the deficit. Spending is. President Trump is responsible for signing the budget into law, so the deficit is on him too, but at least he has spurred the economy within a year of being elected, unlike your beloved Hussein who ran up the deficit and did nothing to strengthen the economy.

Tax-cuts directly to lowered revenues, anyone who tells you otherwise is either ignorant or a politico hack.

Data on this is VERY clear.

Monthly Treasury Statement

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0918.pdf - Page 2

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
July 18 - $7B
Aug 18 - $7B
Sep 18 - $5B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 14 billion shortfall.

Total effect is 25 billion monthly revenue reduction trend so far for months with tax-cuts

FY18 income taxes brought in $1.68 trillion.

FY17 income taxes brought in $1.58 trillion.

Compare Trump's 2017 Spending to Budgets

2018 brought in $100 billion more than 2017. So take your monkey math and shove it.

Here's a secret your propagandists didn't tell you: Revenues increase when taxes are raised, too.

Your propagandists give you that "tax cuts increase revenues" shit to parrot so you don't notice Trump is ACCELERATING OUR DEBT.

Go ahead. See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

Notice how tax revenues INCREASED after the tax rates went UP:

• FY 2000 - $2.03 trillion
• FY 1999 - $1.82 trillion.
• FY 1998 - $1.72 trillion.
• FY 1997 - $1.58 trillion.
• FY 1996 - $1.45 trillion.
• FY 1995 - $1.35 trillion.
• FY 1994 - $1.26 trillion.
• FY 1993 - $1.15 trillion.
• FY 1992 - $1.09 trillion.
• FY 1991 - $1.05 trillion.

Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

And after the Bush tax cut expired on the top marginal rate, federal revenues continued to increase.

 

[g5000]

After the Bush tax cut expired on the top marginal rate during the Obama regime, federal revenues continued to increase:

• FY 2017 - $3.32 trillion.
• FY 2016 - $3.27 trillion.
• FY 2015 - $3.25 trillion.
• FY 2014 - $3.02 trillion.
• FY 2013 - $2.77 trillion.

Ain't that a BITCH?

 

[g5000]

All during the Obama regime, you never once heard a pseudocon bragging about how tax revenues were increasing each year.

Not. Once.

All you heard about were Obama's deficits and the debt.

Now that Trump is on track to bust Obama's debt record wide open, suddenly you don't hear the same fucking hypocritical dipshits breathing a word about deficits and debt.

Not. One.

They are talking about revenues now.

This ploy is as transparent as vodka, and yet the stupid submissive tards can't see how their propagandists are deliberately misdirecting their attention away from Trump's deficits.

Pathetic.

 

[AntonToo]

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.

Here you are in 2010:

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.

Did I claim deficits weren’t up, dipshit? I already stated it’s up to congress to pass a balanced budget. The topic at hand is whether or not the tax cuts bring in more revenue, meaning they aren’t responsible for the increase in the deficit. Spending is. President Trump is responsible for signing the budget into law, so the deficit is on him too, but at least he has spurred the economy within a year of being elected, unlike your beloved Hussein who ran up the deficit and did nothing to strengthen the economy.

Tax-cuts directly to lowered revenues, anyone who tells you otherwise is either ignorant or a politico hack.

Data on this is VERY clear.

Monthly Treasury Statement

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0918.pdf - Page 2

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
July 18 - $7B
Aug 18 - $7B
Sep 18 - $5B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 14 billion shortfall.

Total effect is 25 billion monthly revenue reduction trend so far for months with tax-cuts

FY18 income taxes brought in $1.68 trillion.

FY17 income taxes brought in $1.58 trillion.

Compare Trump's 2017 Spending to Budgets

2018 brought in $100 billion more than 2017. So take your monkey math and shove it.

Ok moron lets go over it AGAIN:

FY2018 began in Sep 2017, tax cuts were actually phased in only by February 2018. Further, in April 2018 taxes for year 2017 were settled at 2017 tax-rates.


So in no-tax-cut months there was 11 billion average monthly revenue growth. In all tax-cut months there was 14 billion avg. shortfall.

Total effect is 25 billion monthly revenue reduction trend so far for months with tax-cuts

 

[otto105]

First trump budget deficit is officially $779 BILLION

And is on its way to over a TRILLION in 2019.

 

[LaDexter]

As long as the GOP Congress refuses to cut ANY spending at all....

Perhaps if the GOP wins the House again, NEWT can be put in the Speaker seat again. It is really America's only hope of remaining solvent. The Dems and GOP are obsessed with turning us into GREECE...

 

[otto105]

As long as the GOP Congress refuses to cut ANY spending at all....

Perhaps if the GOP wins the House again, NEWT can be put in the Speaker seat again. It is really America's only hope of remaining solvent. The Dems and GOP are obsessed with turning us into GREECE...

Dude, you seriously can't be that stupid.

Newter Gingrinch isn't any type of fiscal conservative. He is just a deficit hawk (like all republics) if there is a Democratic President.


Greece.....WTF is that? Do you even know anything about Greece before you parrot BS?

 

[LaDexter]

I know this. Spending was under control until 1998, and since 1998 it has been totally out of control...







You don't care about that, because all you care about is your

GOVERNMENT CHECK

 

[otto105]

I know this. Spending was under control until 1998, and since 1998 it has been totally out of control...







You don't care about that, because all you care about is your

GOVERNMENT CHECK

Can you explain the 1998 point? Because it doesn't match with your graph.

 

[LaDexter]

From 1990 to 1998 on that graph, spending is roughly flat.

Then it goes up....

because Newt wasn't there to keep it flat.

 

[kyzr]

Under Newt and Clinton there was actually a balanced Budget and a surplus, see chart below. After that spending went crazy and the Debt exploded. The interest on the Debt will be crushing if we don't fix the Budget ASAP. Use the Simpson-Bowles recommendations as a start, and then slash more and tax more to get back to fiscal sanity.

 

[LaDexter]

kyzr,

another patriotic American who actually understands BASIC MATH

We are in SHORT SUPPLY these days...

 

[g5000]

John Kasich was the chief architect of the balanced budget, not Newt.

That's why I supported him for President. Because our debt is by far the biggest threat to our future.

 

[LaDexter]

John Kasich was the chief architect of the balanced budget

LOL!!!

Then why did spending go up after Newt left?

Kasich was still there, diving in with both feet to get his "slice of the pork pie..."