Quote:
Originally Posted by Robbie
It was reported everywhere EXCEPT CNN, MSNBC, NY Times, Washington Post and other Democrat Party run media outlets.
For instance: https://www.reuters.com/article/us-u...-idUSKBN1FW286
And my point (which some are too stupid to understand) was that all the "experts" claimed that IF Trump were even ELECTED that the economy would collapse.
And then they proclaimed that the tax reform bill would be an apocalypse...while Trump calmly said it would repatriate money in the United States.
Which is EXACTLY what is happening.
If the "experts" had been correct...Jan. would not have been a record and there would have been NO surplus.
The "tax cuts" started this month (Feb.)...but the anticipation for the tax cuts began the day it was signed into law.
I'm sure that none of the CNN watching people on here are really aware of all the large corporations that immediately handed out large bonuses to all their employees.
And that money is...TAXABLE. And is spent in the economy and gets taxed there as well.
Cutting taxes always raises revenue by increasing jobs and broadening the tax base.
Maybe if the people on here who seem to be so in love with the govt. taking care of all of their bills, would instead start paying their own way through life...they could understand how the world works. |
You are looking at this like it's good news, but it's not.
Your link:
https://www.reuters.com/article/us-u...-idUSKBN1FW286
We had a $49 billion surplus in January. However, in January of last year we had a $51 billion surplus. That's bad.
Then the article you linked to says....
When accounting for calendar adjustments, the surplus last month was $20 billion compared with an adjusted surplus of $33 billion in the same month in the prior year.
But wait Robbie, it gets worse. Much worse. Again, quoting YOUR article:
The deficit for the fiscal year to date was $176 billion, compared to a deficit of $159 billion in the comparable period for fiscal 2017. On an adjusted basis, the fiscal year-to-date deficit was up 18 percent to $234 billion last month versus $198 billion in the previous year.
Do you understand what this says? We took in LESS money in January of 2018 than we took in January of 2017, AND WE SPENT MORE in January of 2018 than we spent in 2017. On top of that, we are borrowing more money than ever.
This is basic math. The government is spending more and taking in less, which means our deficit is going to sky rocket. Trump promised us 3.0% GDP increase, fell short at 2.3%, which is less than the 2.9% increase we enjoyed under Obama in 2015. Trump created less jobs in 2017 than Obama did in 2016, 2015, 2014, 2013, AND 2012. Even unemployment has flat lined - Under Obama we had 72 month of dropping unemployment while under Trump we had three whole months of dropping unemployment... And it's flatlined for the past four months.
Do the research yourself:
https://www.statista.com/statistics/...es-since-1990/
https://tradingeconomics.com/united-...mployment-rate
https://www.nytimes.com/2018/01/30/u...F243EA&gwt=pay
https://tradingeconomics.com/united-...mployment-rate