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How can this be? CBO reports largest budget surplus in history...

Sampson Simpson said:
It's absolutely ridiculous people make these posts and think they are making a point and that they are right. Its downright pathetic how dumb and dishonest nonsense like this is.
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Many only read or hear what they want to. Then they parse facts and ignore cause/effect as noted in this thread
 
JANFU said:
Many only read or hear what they want to. Then they parse facts and ignore cause/effect as noted in this thread
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And then some are here just to troll and will keep going on and on with the idiocy, as you can see above
 
JANFU said:
Because you only see what you want to
April budget surplus sets record, but it's doesn't change long-term deficit projections | WRGB

Larger font for those weak eyes
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Even larger font to show my opinion is more important than yours

Receipts collected in April were $30 billion to $40 billion larger than CBO expected when it prepared the
estimates reported in The Budget and Economic Outlook: 2018 to 2028, which it issued on April 9. The
bulk of that difference stems from larger-than-anticipated payments of individual income taxes. Those
payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income
growth in that year. Part of the strength in receipts also may reflect larger-than-anticipated payments for
economic activity in 2018.
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JANFU said:
Many only read or hear what they want to. Then they parse facts and ignore cause/effect as noted in this thread
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And what facts would those be? Seems projections are always fact whereas actual data isn't. Why is it you and the rest of the radical liberal base cannot celebrate success? Since the CBO was wrong about the April results what makes you so sure they will be right for the remainder of the year? Simply wishing for terrible economic news displays the true problem in this country today
 
PeteEU said:
And what about the near record deficits the last few months?
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What about them? Tax cuts always create deficits, don't they in that liberal world you live in! Please post the Treasury data showing tax cuts reducing revenue?
 
Conservative said:
What about them? Tax cuts always create deficits, don't they in that liberal world you live in! Please post the Treasury data showing tax cuts reducing revenue?
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Where the hell did I say anything remotely like that? I said the deficit was near record the last few months... that is a fact.
 
PeteEU said:
And what about the near record deficits the last few months?
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What "near record deficit"? the article says there was a surplus in April.
 
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Bullseye said:
So, way are those "near records"?
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Go look yourself. The March one is especially bad. March 2016 it was "only" 108 billion with 178 billion in 2017. February was also more than in 2016 and 2017.
 
Tanngrisnir said:
Some people, actually a lot of people, are simply immune to reason and objective analysis of available data.

And they seem to really like it like that.

Makes like more comfy.
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All I am saying is look who the OP is.
 
PeteEU said:
Where the hell did I say anything remotely like that? I said the deficit was near record the last few months... that is a fact.
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Because that statement of yours is a LIE, Obama had four straight years of TRILLION DOLLAR deficits so the deficit the past few months hasn't even come close to that. Get your facts straight before posting false information
 
Kushinator said:
In April 2015, the surplus was $157 billion. The same people who are suddenly rejoicing had nothing to say back then. I don't wonder why....
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All these Trump supporters do is act like we have the best economy in history. There are so many issues with their behaviors and statements. Not to mention how they suddenly don't care about the deficit. It's inevitable that we will face a debt crisis if these policies continue. As the saying goes, Trump shoot a person and not lose ant support.

All these economic rejoicing is really just over compensating IMO
 
PeteEU said:
March deficit was 209 billion. February deficit was 216 billion.
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Interesting how the article claims that the fiscal year budget deficit was less than 400 billion dollars, hard to reconcile your numbers or did you just make them up?
 
Conservative said:
LOL, so you are changing your tune in that tax cuts caused the deficit you have promoted throughout this thread? Projections always impress you but only when they ear negative against Trump as you are incapable of celebrating any successes. Still waiting for you to post the actual treasury data showing that tax cuts reduced revenue after being fully implemented?? Stop dodging and prove your statement?
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Refunds and credits have been getting scaled back.
 
PeteEU said:
Go look yourself. The March one is especially bad. March 2016 it was "only" 108 billion with 178 billion in 2017. February was also more than in 2016 and 2017.
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And the $217 billion surplus in April? Total deficit for first seven months is $384 billion. At that pace that would make the full year about $658 billion - not good but nowhere near a record.
 
Delay, distract, deny.

This is distraction...

The original poster knows better, he's just deploying his inner 13 year old to get attention and take some focus away from the monumental f***ups of Trump.
 
Conservative said:
Because that statement of yours is a LIE, Obama had four straight years of TRILLION DOLLAR deficits so the deficit the past few months hasn't even come close to that. Get your facts straight before posting false information
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The only one posting false or inaccurate information is you. On top of that you live in sort of twilight zone, where the Treasuries own numbers only are valid if they agree with your narrowminded world view.

Yes April had a record surplus... not by much, because April almost ALWAYS has a surplus. On the flip side, February and March were near record deficits, and that trend continues, then this years deficit will top a trillion dollars again.

And your information on Obama is easy to confirm...

Obama had a trillion dollar deficit 4 out of 8 years, all in the beginning after the catastrophic Bush Jr years. He took 50% off that deficit by the time he left, and the fact is that this deficit is now going up... to an estimated 800 billion this year, but more and more are saying that if the trend from continues from February and March, that the deficit will break 1 trillion dollars. Like it or not, the US traditionally has 4 months out of 12 with a surplus.. December/January (small), April (big due to taxes), June (minor) and September. The rest have deficits, and some of them are huge. If they are all bigger than normal, which is what February and March showed, then April, June, September needs to be even bigger than normal to make up for it. We shall see.
 
SheWolf said:
All these Trump supporters do is act like we have the best economy in history. There are so many issues with their behaviors and statements. Not to mention how they suddenly don't care about the deficit. It's inevitable that we will face a debt crisis if these policies continue. As the saying goes, Trump shoot a person and not lose ant support.

All these economic rejoicing is really just over compensating IMO
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Not the best in history, that would be Reagan doubling GDP but certainly better than anything Obama generated during his 8 years
 
SheWolf said:
Refunds and credits have been getting scaled back.
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So then how are tax cuts causing deficits? Please post for us Treasury data showing that less revenue is being generated?
 
PeteEU said:
The only one posting false or inaccurate information is you. On top of that you live in sort of twilight zone, where the Treasuries own numbers only are valid if they agree with your narrowminded world view.

Yes April had a record surplus... not by much, because April almost ALWAYS has a surplus. On the flip side, February and March were near record deficits, and that trend continues, then this years deficit will top a trillion dollars again.

And your information on Obama is easy to confirm...

Obama had a trillion dollar deficit 4 out of 8 years, all in the beginning after the catastrophic Bush Jr years. He took 50% off that deficit by the time he left, and the fact is that this deficit is now going up... to an estimated 800 billion this year, but more and more are saying that if the trend from continues from February and March, that the deficit will break 1 trillion dollars. Like it or not, the US traditionally has 4 months out of 12 with a surplus.. December/January (small), April (big due to taxes), June (minor) and September. The rest have deficits, and some of them are huge. If they are all bigger than normal, which is what February and March showed, then April, June, September needs to be even bigger than normal to make up for it. We shall see.
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I am the one person here posting ACTUAL TREASURY DATA which you claim s false. Suggest you call them and tell them their data is wrong. Again as a leftist you buy what you are told. Bush left Obama with a 11 trillion dollar deficit INCLUDING 450 billion of TARP that WAS REPAID, where did that credit go? Bush had no 2009 budget which Obama signed and you continue to ignore.

So how long are you going to blame Bush for the Obama disaster and 9.3 trillion added to the debt? Obama's stimulus was passed almost day one and signed in February for SHOVEL READY JOBS thus new taxpayers, What it generated were part time employment which again you want to ignore.

Stunning how badly you want America to fail that you continue to ignore anything positive but your claim that it is PROJECTED to be a record is a LIE!! Obama's were worse and we came out of recession in June 2009
 
Conservative said:
Not the best in history, that would be Reagan doubling GDP but certainly better than anything Obama generated during his 8 years
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His tax cuts for the rich is causing a surplus in the economy for already very wealthy people and corporations, which is reflected through the stock exchange. The average person is not benefiting very much. All you Trump supporters are cheering for wall st. While the deficit is rising. When this situation blows up, the same donor class and wall streeters will go back to Congress begging for a bailout
 
Conservative said:
So then how are tax cuts causing deficits? Please post for us Treasury data showing that less revenue is being generated?
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I am an accountant with a masters degree. I have filed enough tax returns to know that refund amounts have been scaled back and some credits have altogether disappeared.
 
SheWolf said:
His tax cuts for the rich is causing a surplus in the economy for already very wealthy people and corporations, which is reflected through the stock exchange. The average person is not benefiting very much. All you Trump supporters are cheering for wall st. While the deficit is rising. When this situation blows up, the same donor class and wall streeters will go back to Congress begging for a bailout
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Really? allowing people to keep more of what they earn seems to bother you a lot. There isn't enough money controlled by the rich to fund the liberal spending appetite so tell us all who really benefits from higher taxes on the rich? Wealthy corporations? Corporate Income taxes are up significantly and pay out dividends to many seniors who supplement their SS with those dividends.

Still waiting for how people keeping more of what they earn hurts you, your family, or the country. The average person isn't benefiting? Really, how do you know that? Think the 3 million new taxpayers are benefiting? Class warfare and envy is over, get used to it, America is roaring back and you are about to see that in November. Primary elections showing Americans abandoning liberalism and good riddance
 
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