US government records $160.3 billion April surplus

The economy started growing in 2010. The trend lines have been pretty constant since then.

 

It stayed stagnant during the Obama years and th debt increased.. Obama tried thhe 'stimulus' and all that money just disappeared, as it did with the Iranians. In fact Obama thought only a 'magic wand' could fix the situation.

However by getting rid of useless regulations and cutting corporate taxes and personal taxes, Trump turned BHO's hopeless situation around.

 

From the article:

While the government runs deficits in most months, April has been a surplus month for 60 of the past 65 years, reflecting the flood of revenue that comes in with the annual deadline for individuals to pay tax bills.

Did anyone read the article? Overall, it doesn't seem positive at all.

 

Size of the economy

Non-farm payrolls

Proportion out of work

Explain to me how these trend lines look significantly different after Trump became president, compared with before. The most you can say about Trump is that he didn't screw up the positive trend that was already established under Obama.

EDIT - the graphs didn't show up. I'll have to try again.

Second edit - OK I give up trying to paste the actual graphs into this post. Here is where I got them. I don't see any economic indicator that shows a significant (or any) change after Trump became president. The trend lines haven't changed.

https://ig.ft.com/sites/numbers/economies/us/#gdp

 

Squirrels bury their nuts. Humans do the same.

 

You stuck at understanding human nature.

 

Trump being president means he is the face of America on the world's stage. That is like having an old western spittoon as our face.

He would help make America great again...by resigning.

 

Every penny the government collects in taxes...is spent in the economy. Allowing people to spend it makes no difference to the economy.

But...people have hated paying taxes from way back...and the unlearned still do.

 

It is in fact impossible and sections of the OPs linked article point that out.

In addition the April boost in revenue is a seasonal anomaly due to tax revenue:

 

Trump is borrowing for the 2nd year a Trillion Dollars

Keep Trump away from the Money !!

 

If you show the math, at least use realistic numbers. Of course, with a 100% increase in GDP, tax revenue would increase, almost no matter what the tax rates were.

Here is something more like what Trump did:

15% tax of $1000 = $150 (before Trump tax cut)
14% tax on $1030 = $144 (after Trump tax cut, assuming 3% GDP growth)
15% tax on $1020 = $153 (if taxes were left alone, based on 2% GDP growth, assuming that the tax cuts boosted growth by 1%)
14% tax on $1070 = $150 (7% GDP growth needed for the tax cut to pay for itself)

 

Propaganda with cherry picked single-month data to pretend we are not running $1 trillion annual deficits. What else do you expect from Trump fans?

 

Prove my math is wrong.

Like I say, you aint to bright bro.

 

Not really. There doesn't have to be any such thing as foreign aid or membership in the UN.

 

I’m pointing out 15% is less than 25% and will always yield less.

 

I more than likely make more than you do. I’m just pointing out how fiscally incompetent republicans are.

 

No they wouldn’t.

 

A country can live in deficits for a good while before death comes to it. Individuals cannot.

Surpluses should be normal, and the national goal.

 

Yes, republican incompetence has consequences. You listed most of them above.

I’m not a democrat. I prefer actual economics. Like supply and demand.

 

An economic trend which began in 2010 and has remained unchanged under trump.

You knew this was stupid when you posted it.

 

S we can put you in the republican camp of not knowing anhinga about math, or economics. Got it

 

I did. GDP didn’t increase by 100%, like your incorrect math tried to state it increased by less than 3%, which is why we took in less revenue.

 

15% tax of $1000 = $150 (before Trump tax cut)
14% tax on $1030 = $144 (after Trump tax cut, assuming 3% GDP growth)
15% tax on $1020 = $153 (if taxes were left alone, based on 2% GDP growth, assuming that the tax cuts boosted growth by 1%)
14% tax on $1070 = $150 (7% GDP growth needed for the tax cut to pay for itself)

Second, welcome to the forum, but if you use ad-homs in every post, you won't last too long on this forum.

 

Supply Side Economics is actual economics.

Supply and demand is just economic terms. Not a economic philosophy.

 

No it isn’t. It runs counter to actual economics. Which is why it has failed every single time it’s been tried.

Yes, we already knew you didn’t know anything about economics.