US government records $160.3 billion April surplus

Discussion in 'Current Events' started by MolonLabe2009, May 10, 2019.

  1. struth

    struth Well-Known Member

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    1) no, no we haven't...in fact even President Bill Clinton ( a Dem) said just the opposite
    2) I have yet to see you post any data to support your claim
    3) I did....I didn't see any post from you showing it was wrong, and frankly not sure how you would know what I'd purchase and not purchase.
     
  2. nopartisanbull

    nopartisanbull Well-Known Member

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    In an effort to glorify POTUS, they don't want to understand, however, had Obama been POTUS, no doubt they would be using percentages and inflation calculators.
     
  3. rahl

    rahl Banned

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    I’ve proven otherwise.
    You know that is false.
    Then you didn’t go back and read it.
     
  4. struth

    struth Well-Known Member

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    1) Well then, you should run for President for your party....they'd be glad to vote for someone that knows more about running a nation then Clinton.
    2) No, I've reviewed your post...never once have I seen you post all the economic data
    3) I did....maybe you should help me....truly I don't see it on this thread
     
  5. rahl

    rahl Banned

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    Its all in the C.J. gresinal voting record, which I’ve provided numerous times.
    You know that is false.

    No you didn’t.
     
  6. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Can't dispute my numbers, so you have to make up a strawman? Not surprising. However, why don't you actually give it a try and show me with math that my estimates are wrong? I am willing to listen to a well-thought out argument. I am waiting.
     
  7. struth

    struth Well-Known Member

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    I can dispute your numbers....we had more then 2 percent growth, and I have made more then 2 percent as my income. Pretty easy
     
    Dutch likes this.
  8. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Didn't read the article you cited, did you? It says tax revenue is up 1.2% for the fiscal year compared to last fiscal year. Yet, economic growth was about 3%. Thus, tax revenue SHOULD have been up 3%, but it was not. The missing roughly 2% are made up by borrowing, i.e. sticking the bill to future generations.
     
    Last edited: May 12, 2019
  9. Dutch

    Dutch Well-Known Member Past Donor

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    And thank me they shall by Making America Great Again. What’s wrong with that? :nana:
     
  10. Dutch

    Dutch Well-Known Member Past Donor

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    Incoherent my old, bony, hairy ass! You got my message loud and clear :)
     
  11. Quantum Nerd

    Quantum Nerd Well-Known Member

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    LOL! You call this disputing my numbers? Weak! Maybe give it another REAL try, if you can.
     
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  12. rahl

    rahl Banned

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    Yes, it was perfectly clear you wish to post incoherent ramblings.
     
  13. Dutch

    Dutch Well-Known Member Past Donor

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    Whatever tickles your fancy, my friend. Now, say the your last word, and we’ll be through with you for a day :hug:
     
  14. rahl

    rahl Banned

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    Ramble on
     
  15. Dutch

    Dutch Well-Known Member Past Donor

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    Me and Trump together, yes siree!
     
  16. struth

    struth Well-Known Member

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    But it’s a simple fact.
     
  17. rahl

    rahl Banned

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    No it isn’t. We had 2.9% growth after the tax cuts. They is 4% less growth needed to break even.
     
  18. Dayton3

    Dayton3 Well-Known Member

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    President Reagan got massive tax cuts passed and during his administration federal revenues increased dramatically.
     
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  19. Dayton3

    Dayton3 Well-Known Member

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    This post is simply ignorant. Of math, logic and everything else.
     
  20. nopartisanbull

    nopartisanbull Well-Known Member

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    Here's my claim;

    From Jan 2006 to Dec 2006, average revenue per employed equates to $22,247, adjusted to inflation

    From May 2018 to April 2019, average revenue per employed equates to $21,476, current dollars

    Method of calculation

    a. Jan 2006 - Dec 2006 cumulative receipts divided by number of employed Dec 31st, 2006, adjusted to inflation
    b. May 2018 - April 2018 cumulative receipts divided by number of employed April 30th, 2019, current dollars

    Thus, a fair comparison.

    In other words, since Jan 2007, adjusted to inflation, the average revenue per employed has declined by $771

    Sources;
    Treasury Monthly Statement, current and previous
    https://www.usinflationcalculator.com/

    REFUTE!
     
  21. struth

    struth Well-Known Member

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    A 12 month period compared to a one month period?
     
  22. Chester_Murphy

    Chester_Murphy Well-Known Member Past Donor

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    Yes, and thank you, @MolonLabe2009, for finding this and posting it.
     
  23. struth

    struth Well-Known Member

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    Break even from what?
     
  24. Chester_Murphy

    Chester_Murphy Well-Known Member Past Donor

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    Not only that, but were the figures adjusted for inflation? It isn't Trump that causes inflation. It's the federal reserve printing money. They are fairly independent, though controlled to some extent by Congress. There needs to be some research into the amount of money printed then vs. now. Well, that's my uneducated opinion.

    Congress is a pain in the neck. We need better House members. Let's vote them out of office.
     
    Last edited: May 12, 2019
  25. Fred C Dobbs

    Fred C Dobbs Well-Known Member Past Donor

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    You claim that lowering taxes lowrs revenues, correct? Therefore, by your reasoning, raising taxes would increase revenue. Os there a cut off limit where higher taxes means less revenue for the government and, if so, what is the limit you would recommend?
    What Obama program do you feel created the Obama economic boom for eight continuous years?
     

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