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U.S. government posts $49 billion surplus in January

Kushinator said:
A single cherry-picked sample shows you're either ignorant of data analytics, or completely dishonest. I do find it interesting you choose to pair 1933/1934 with 2008/2009.
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hahah!! I am showing you the stats that you pointed out favored Obama's admin, not FDR.


So you come armed with partisan nonsense and a forbes article? :lol: Why do i even bother? The answer is: so that ignorant partisans have their talking points kept in check with reality. The U.S. was on the gold standard prior to 1971..., and the level of real capital investment per-capita was (if i had to guess) nowhere near what it is today.
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Hillarious. Can't help but notice your response contained ZERO evidence on your side. We are comparing the Great Depression with the Great recession, I have provided evidence based on YOUR stated metrics, you've provided none.

First off... did i ever state that a burgeoning market lifted the U.S. out of the Great Depression? I literally have absolutely no idea where you're going with that statement. Are you aware of how globalization impacts competition in nations with capital mobility?
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Have you forgotten your own argument? Apparently so. This was one of the various metric you told me we should use to compare the two recovery periods. :lamo

I'm beginning to think you don't understand my statement. I am not making a claim that a new technology was introduced or took off in 1933/34 which revitalized the economy. Why on earth would you respond as though i am?
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You gave a list of things that we are suppose to use to explain the difference in Obama and FDRs recoveries... this was one of them. You have no evidence for your own argument, as expected.

Are you aware of the percentage of U.S. households prior to WWII that had electricity, running water, mechanical appliances, etc...? Probably not! What about health care? How much of our food supply was grown in order to feed horse powered transportation and mobilization? Automobiles per capita? How about literacy or education rates?
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And now you have made another list as a possible arguments without providing actual evidence to back up your argument. We are talking about a recovery from a depression, which for the Depression happened between 1934 and 1937. Show me where any of those measures changed appreciably in that time as to explain the recovery from the Great depression, and then show me the corollary in the Great Recession. I'm tired of doing your homework for you. If you want to make an argument then make it.

This should be common knowledge for people who make matter-of-fact statements in these types of discussions. Do try to keep up!
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Wow, you do realize you are making arguments by baseless thought salad, right? You have claimed extenuating circumstances that made the Great Depression recovery faster than the Great Recession, but failed to actually make any actual fact based arguments to support it. Are you incapable?
 
j-mac said:
More good news that the usual suspects will ignore.
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There were three surplus months in FY 2017, the largest being -182,428, in which month, April, receipts were almost $100B more than January 2018. Nothing unusual. Can't hang your hat on just one month. Or even one year, for that matter.
 
jmotivator said:
hahah!! I am showing you the stats that you pointed out favored Obama's admin, not FDR.
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This wasn't an Obama vs. FDR discussion. I stated that it was invalid to make comparisons on the basis of GDP growth alone. You responded with cherry picking and partisanship. Why did you choose 33/34 pop growth rates as opposed to prior trends? No need to answer, as the question was rhetorical.

Hillarious. Can't help but notice your response contained ZERO evidence on your side. We are comparing the Great Depression with the Great recession, I have provided evidence based on YOUR stated metrics, you've provided none.
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You provided a forbes article and some partisan rhetoric. That hardly qualifies as evidence.

Have you forgotten your own argument? Apparently so. This was one of the various metric you told me we should use to compare the two recovery periods.
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I said it was invalid to simply compare rGDP growth rates. You don't understand my argument.

You gave a list of things that we are suppose to use to explain the difference in Obama and FDRs recoveries... this was one of them. You have no evidence for your own argument, as expected.
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I provided a few examples that show the difference between the economic realities during the GR and the GD. You made little effort to refute them.

And now you have made another list as a possible arguments without providing actual evidence to back up your argument.
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Are you really expecting me to provide data on the prevalence of indoor plumbing, electricity, motor vehicle saturation, food supply, etc... between the 1930's and the 2010's?

We are talking about a recovery from a depression, which for the Depression happened between 1934 and 1937.
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You're delusional. The U.S. economy was technically out of recession by 1933 and 2009 respectively, but the GD didn't occur between 1934 and 1937.


Show me where any of those measures changed appreciably in that time as to explain the recovery from the Great depression, and then show me the corollary in the Great Recession. I'm tired of doing your homework for you. If you want to make an argument then make it.
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You cannot compare the economic realities of the two periods in question, for reasons already mentioned. If you believe i am incorrect by saying more people have access today to things like automobiles, healthcare, food, etc... then by all means! Instead, you tried to cherry pick a single data point to refute the notion that population growth between the two eras was similar. :lamo

Attempting to compare economic growth between eras requires a far greater level of data analysis than what can be ascertained by simply plotting rGDP growth rates. Economic growth emerges from two distinct variables: population growth and productivity growth.

Wow, you do realize you are making arguments by baseless thought salad, right? You have claimed extenuating circumstances that made the Great Depression recovery faster than the Great Recession, but failed to actually make any actual fact based arguments to support it. Are you incapable?
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I made no such argument. I did say you cannot compare the two ears on the basis of rGDP growth rates in and of themselves. If you disagree... then by all means, the floor is yours.
 
bluesmoke said:
There were three surplus months in FY 2017, the largest being -182,428, in which month, April, receipts were almost $100B more than January 2018. Nothing unusual. Can't hang your hat on just one month. Or even one year, for that matter.
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These surplus months get wiped out when people file their tax returns.
 
j-mac said:
WASHINGTON (Reuters) - The U.S. government reported a $49 billion surplus in January, the Treasury Department said on Monday.

https://www.investing.com/news/econ...t-posts-49-billion-surplus-in-january-1233032
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(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.

January was the first month under the new tax law that President Donald Trump signed in December.

https://www.cnsnews.com/news/articl...d-taxes-first-month-under-tax-cut-run-surplus
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More good news that the usual suspects will ignore.
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Let's see how this thread is progressing. It was started on Feb 18, 2018, proclaiming the "good news" that "the federal government this January ran a surplus while collecting record total tax revenues for that month of the year." (It was January, so it was the only month of the year.) So, how is going? Oh, in February, the federal deficit was $218 billion -- over four times the surplus in January. In March, it was a deficit of over $208 billion, also over four times the January surplus. April should produce a surplus, because that's when people send in their income taxes.

Just a historical note, the February and March deficits haven't been that large since March 2012, when the country was still in economic recovery.

fredgraph.png
 
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MTAtech said:
Let's see how this thread is progressing. It was started on Feb 18, 2018, proclaiming the "good news" that "the federal government this January ran a surplus while collecting record total tax revenues for that month of the year." (It was January, so it was the only month of the year.) So, how is going? Oh, in February, the federal deficit was $218 billion -- over four times the surplus in January. In March, it was a deficit of over $208 billion, also over four times the January surplus. April should produce a surplus, because that's when people send in their income taxes.

Just a historical note, the February and March deficits haven't been that large since March 2012, when the country was still in economic recovery.

fredgraph.png
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Very short memory, who was President in 2012? How many trillion dollar deficits did Obama generate? What happened to the deficits when the GOP took Congress in 14? What was Sequester? You cherry pick data to support your claims showing just how easy it is to indoctrinate a liberal.
 
Conservative said:
Very short memory, who was President in 2012? How many trillion dollar deficits did Obama generate? What happened to the deficits when the GOP took Congress in 14? What was Sequester? You cherry pick data to support your claims showing just how easy it is to indoctrinate a liberal.
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You are off-topic. The thread is about the surplus in January 2018, not Obama; not deficits during Obama -- but thanks for the derailing attempt.
 
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MTAtech said:
You are off-topic. The thread is about the surplus in January 2018, not Obama; not deficits during Obama -- but thanks for the deflection attempt.
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LOL, and you are a typical leftwing radical who has never taken a civics class or you would know that monthly deficits or surpluses don't matter as we pay debt service on the debt which again is something you don't want to recognize. Obama inherited a 10.6 trillion dollar debt which he paid debt service on and Trump is paying debt service on the 19.9 trillion he inherited and at a higher interest rate.

What is it about you that you always support more govt. spending, totally ignoring that every dollar leaving the state is one less dollar for the state to spend on social problems? What is it about people like you who blame FIT revenue GROWTH for deficits? Don't you realize how stupid that argument is? The results just don't support your ideology
 
Conservative said:
LOL, and you are a typical leftwing radical who has never taken a civics class or you would know that monthly deficits or surpluses don't matter as we pay debt service on the debt which again is something you don't want to recognize. Obama inherited a 10.6 trillion dollar debt which he paid debt service on and Trump is paying debt service on the 19.9 trillion he inherited and at a higher interest rate.

What is it about you that you always support more govt. spending, totally ignoring that every dollar leaving the state is one less dollar for the state to spend on social problems? What is it about people like you who blame FIT revenue GROWTH for deficits? Don't you realize how stupid that argument is? The results just don't support your ideology
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Still using the"civics class" gambit/troll eh?:roll:
 
Donc said:
Still using the"civics class" gambit/troll eh?:roll:
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And I will until you and the rest of the left shows they understand who spends the money and controls the legislative process. Also it would be very helpful if leftist could explain how Federal Income Tax cuts that increase Federal Income Tax revenue causes deficits.

Then the next order of business would be teach you people about return on investment. Suggest you tell us what we got for the 9.3 trillion dollar debt Obama left the country with and you can start with this.

Recession starts, 10 trillion in debt, 146 million employed, Obama takes office, worst recovery in history, 9.3 trillion added to the debt, never recovered the U-6, and 152 million employed, loses House in 10-12 and Congress 14-16, recycles TARP and even with repayment has over trillion dollar deficits 09-10-11-12. Those are actual results and show extremely low expectations for Obama whose resume predicted these kind of terrible economic results
 
Good news! Guess the RepubliCON's can keep their hands of Medi-Care and Social Security?
 
j-mac said:
More good news that the usual suspects will ignore.
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“The U.S. government reported a $49 billion surplus in January, the Treasury Department said on Monday.”

And a February deficit of $215,248 and a March deficit of $208,743.

“The federal government this January ran a surplus while collecting record total tax revenues for that month of the year,”

There were “record total tax revenues” for every month of January for most every year before. Really. Look it up on the stats you yourself provided. You didn’t know that? Really?

“January was the first month under the new tax law that President Donald Trump signed in December.”

So, you’re basing the entire success of the Trump tax plan on the first plan of its enactment? While, at the same time, showing the next two months that wipe that out that one month more than 8 times over. Did you know that? You are so disingenuous, or you didn’t look beyond the first month of the stats you. Or, you’re bad with math. Or...you tell me.
 
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