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

itsforthekids said:
Please explain how America is going to go broke because of the Trump Tax Cuts?

April budget surplus sets record, but it's doesn't change long-term deficit projections | WRGB
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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
“April, there’s always a surplus because people are paying their taxes, so there’s nothing that unique about it,” said Josh Gordon, policy director for the Concord Coalition. “I think the only slightly noteworthy thing is that the revenues were a little bit higher than CBO anticipated. It just shows what we all kind of know, that the economy is doing well.”

Pointing to the still-dire long-term budget outlook, Akabas warned that focusing on the surplus could lull people into a false sense of fiscal security.
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JANFU said:
It is even listed in the link. What a farce they suck up to
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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.
 
itsforthekids said:
I'm not lulled into anything, my point was to ask how were revenues so high when the lefties kept saying that the tax cuts would guarantee deficits.
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Read your link or to save yourself some strenuous work, just read what I posted.
Ya got nailed to the Cross on this one.
Try and read a full link before posting such BS as others will hold your feet to the fire
 
JANFU said:
Read your link or to save yourself some strenuous work, just read what I posted.
Ya got nailed to the Cross on this one.
Try and read a full link before posting such BS as others will hold your feet to the fire
Click to expand...

LOL. My question was simple...how did the government take in so much money in April?
 
itsforthekids said:
Please explain how America is going to go broke because of the Trump Tax Cuts?

April budget surplus sets record, but it's doesn't change long-term deficit projections | WRGB
Click to expand...
We covered this in another thread. April is always a surplus due to people paying their taxes. There is low unemployment which means more tax filers. Also, the report isn't inflation adjusted, so the numbers are biggest of any time in history.

The CBO also said that the 2018 deficit will be over $800 billion dollars, the highest since the Great Recession -- and that IS BECAUSE of the tax cuts.
 
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MTAtech said:
We covered this in another thread. April is always a surplus due to people paying their taxes. There is low unemployment which means more tax filers. Also, the report isn't inflation adjusted, so the numbers are biggest of any time in history.

The CBO also said that the 2018 deficit will be over $800 billion dollars, the highest since the Great Recession -- and that IS BECAUSE of the tax cuts.
Click to expand...
Forgot to mention that the revenue in April 2018 is mainly taxes from 2017 payments under the old law. I also forgot that 2019 is projected to have a deficit of over $1 trillion. Putting one’s head in the sand to the fact that tax cuts do, in fact, create deficits is no way be a thinking person.
 
itsforthekids said:
I'm not lulled into anything, my point was to ask how were revenues so high when the lefties kept saying that the tax cuts would guarantee deficits.
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It is taxes paid for 2017. We didn't have the tax cuts for 2017. I wish we did, as that would mean our household would have owed less money, but just the same, the tax cuts are irrelevant to taxes paid for 2017 in April.
 
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
Click to expand...


LOL, tax refunds go out in April as well but that is ignored along with the reality that continues to elude the radical left, tax cuts do NOT cause a reduction in revenue but rather increase economic activity which grows revenue. Trump's economy has already doubled with Obama left him and we are going into the best months of the year for economic growth and revenue generation.
 
MTAtech said:
​
Forgot to mention that the revenue in April 2018 is mainly taxes from 2017 payments under the old law. I also forgot that 2019 is projected to have a deficit of over $1 trillion. Putting one’s head in the sand to the fact that tax cuts do, in fact, create deficits is no way be a thinking person.
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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?
 
MTAtech said:
We covered this in another thread. April is always a surplus due to people paying their taxes. There is low unemployment which means more tax filers. Also, the report isn't inflation adjusted, so the numbers are biggest of any time in history.

The CBO also said that the 2018 deficit will be over $800 billion dollars, the highest since the Great Recession -- and that IS BECAUSE of the tax cuts.
Click to expand...

Again, tax refunds go out as well but let's stick to the liberal claims that tax cuts reduce revenue, you haven't proven that with data. Then you make a wild claim about the deficits being highest since the Recession when Obama ran trillion dollar deficits 2009-2010-2011 and 2012. To the best of my knowledge trillion dollar deficits are higher than 800 billion. Aren't getting tired of being proven wrong?
 
MTAtech said:
We covered this in another thread. April is always a surplus due to people paying their taxes. There is low unemployment which means more tax filers. Also, the report isn't inflation adjusted, so the numbers are biggest of any time in history.

The CBO also said that the 2018 deficit will be over $800 billion dollars, the highest since the Great Recession -- and that IS BECAUSE of the tax cuts.
Click to expand...

So much for the accuracy of the CBO and the left

CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago
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.

https://www.washingtontimes.com/news/2018/may/7/cbo-says-april-was-best-month-history-us-budget/
 
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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If what you got out of my post was that I was 'changing my tune,' and no longer think that tax-cuts promote deficits, your reading comprehension is just as flawed as your ability to digest facts and turn them into meaningful conclusions -- something that you have abundantly displayed on DP for years.

My statements have been very clear, but let me rephrase it for those who have difficulty understanding the English language, the aged and the feeble -- tax-cuts do in fact cause deficits. Moreover, April 2018's monthly surplus has little to do with the tax-cuts passed in December 2017. Those effect 2018 taxes, that will largely be paid by April 2019. April 2018's surplus is largely from 2017 taxes, which was governed under the old tax law.

I also said that CBO projects the 2018 deficit to be up by about $150 billion, to $800 billion. 2019's will be up to a trillion. That is all due to the wonderful tax-cuts the Republicans gave us.

What this thread is, is a grasping at straws thread -- a desperate attempt to prove by any means that these tax-cuts don't sink revenue. Obviously, the attempt is pathetic.

I also note confirmation bias, specifically, quoting CBO figures when they confirm what the poster wants to hear and then rejecting what the CBO reports when the CBO undercuts the poster's beliefs.
 
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Conservative said:
LOL, tax refunds go out in April as well but that is ignored along with the reality that continues to elude the radical left, tax cuts do NOT cause a reduction in revenue but rather increase economic activity which grows revenue. Trump's economy has already doubled with Obama left him and we are going into the best months of the year for economic growth and revenue generation.
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And increased deficits.
 
MTAtech said:
If what you got out of my post was that I was 'changing my tune,' and no longer think that tax-cuts promote deficits, your reading comprehension is just as flawed as your ability to digest facts and turn them into meaningful conclusions -- something that you have abundantly displayed on DP for years.

My statements have been very clear, but let me rephrase it for those who have difficulty understanding the English language, the aged and the feeble -- tax-cuts do in fact cause deficits. Moreover, April 2018's monthly surplus has little to do with the tax-cuts passed in December 2017. Those effect 2018 taxes, that will largely be paid by April 2019. April 2018's surplus is largely from 2017 taxes, which was governed under the old tax law.

I also said that CBO projects the 2018 deficit to be up by about $150 billion, to $800 billion. 2019's will be up to a trillion. That is all due to the wonderful tax-cuts the Republicans gave us.

What this thread is, is a grasping at straws thread -- a desperate attempt to prove by any means that these tax-cuts don't sink revenue. Obviously, the attempt is pathetic.
Click to expand...

You have blamed the earlier deficits this year on the tax cuts but now ignore the revenue generated by the new taxpayers and stronger than normal economic growth. You also ignore the 2018 estimates being paid by people earning more money because you are a radical leftist that hates the private sector

It is pathetic that someone has such poor understanding of civics that they totally ignore the actual results being generated. So CBO was wrong about April what makes you believe they will be right about the remainder of the year? Still waiting for Treasury data showing deficits because of tax cuts? Did you bother to read the entire article posted? Of course not because it destroys your narrative. We are all waiting for actual data NOT PROJECTIONS!!

Having problem finding data to support your claims?
 
JANFU said:
And increased deficits.
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So CBO was wrong about April what makes you think they will be right about fiscal year 2018 as we go into our biggest revenue and growth months?
 
itsforthekids said:
LOL. My question was simple...how did the government take in so much money in April?
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The government always runs a surplus in the spring and huge deficits at the beginning of each new fiscal year.

Don't confuse seasonality with trends.
 
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
Click to expand...

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.

Conservative said:
So CBO was wrong about April what makes you think they will be right about fiscal year 2018 as we go into our biggest revenue and growth months?
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And posters like this continue to run with it LOL
 
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