But the Economy is doing terrible, right? https://rollcall.com/2022/05/09/tax-revenue-boom-fuels-steep-budget-deficit-decline/
So, Trump's tax rate cuts are still working as planned. And blocking BBB helped reducing spending. I love it when a plan comes together.
Federal Outlays by Biden and the Dems was 29.7% of GDP in 2021 - well above the ~20% pre-COVID trendline Trump's average was 23.2% Obama/Biden's was 21.7% Obama/Biden is an inflationary train wreck.
I have a thread up here now in response to this one with all the government numbers one needs for proof.
Another democrat lie already outed lol. Yes the economy is doing terrible. We are still massively in debt and it’s climbing dramatically. This “cut” isnt actually a cut, it’s simply less spending than when we were dishing out multiple trillions in aid for chinavirus. yet, how democrat of people to actually believe this nonsense lol.
Well of course there was a surge in April, that's when taxes are due. We're still projected to have a $1 trillion deficit by the end of the year.. while that's an improvement from where we were, it's nothing to celebrate
OK . so you have a good link .. but do not post the important info "relevant to the Economy" from the link So .. you can't use a 1 month wonder to say much. You can however use the above numbers 3 Trillion in 7 months is good on track for over 4 Trillion which takes us higher than pre pandemic revenue .. but not by that much .. and not in constant dollars. on the deficit front .. a 984 Billion deficit is better than 3 Trillion .. but still very high .. albeit slightly lower than Trump. Can't say economy is doing "terrible" --- at least not from these numbers .. but can't say it is doing great either. And to the numbers in general .. Can't say much about them .. whether this is sustainable .. still have some hold over money from tree effect .. and a rebound due to covid ending. After you drop 100 to 10 .. then one day later rise by 50 .. is nothing to jump up and down about "We rose by 50" claiming to be doing great.
A booming economy wouldn't decline in GDP. So let's take more money away from the already struggling families dealing with the worst inflation in 40 years. Yes, this should earn Democrats more votes in November and keep Biden in office in 2024. Stupid is as stupid does. Biden doesn't care about America, he just wants more money to spend in Ukraine. The greatest threat to America is not a war in Europe, it is the US economy, stupid!
You have got to admire the gamble behind this post though Trying to make this economy look good would take a team of Mr. Obatard propaganda style bullshit'rs to achieve!!
Speaking of taxes, the states and cities which are cleaning up are the ones with sales taxes. The higher Biden inflates prices, the more sales tax money they bring in. And most government expenses are contractually fixed. Those states should lower their sales tax rate.
Yes, the projected deficit for the year is just under a trillion, but realistically speaking there will probably be more expenses added to the budget by then, so it will probably be somewhere over a trillion.
Thank you for using “as a percent of GDP” when comparing fiscal numbers. Question; Do you remember when Trump’s supporters we’re chanting; Record Revenue! “in nominal terms”, and rebuking “as a percent of GDP” comparisons? And for your info, the sole reason why I’ve never/would never compare fiscal numbers “in nominal terms” is because I’m an intelligent man.
