US government records $160.3 billion April surplus

But that 'something' changes, and that's what's trying to be explained.

 

So you don't believe the Democrats were warned about Freddie Mac and Fannie Mae?

How about Barack Obama helping to initiate the programs that led to the crisis. Do you believe that? http://mypetjawa.mu.nu/archives/194379.php

 

Now, let's compare Bush's RECESSION revenues VERSUS Trump's BOOMING ECONOMY revenues

Recession dates according to NBER;

The 2001 recession was an eight-month economic downturn. It began in March 2001 and lasted through November 2001. The economy contracted in the first quarter, January to March, by 1.1 percent. It improved to 2.4 percent in the second quarter, April to June.

Cumulative receipts end Sep 2001; $2.025 trillion
https://fiscal.treasury.gov/files/reports-statements/mts/mts0900.pdf
Number of employed end Sep 2001; 135,181,000
https://fraser.stlouisfed.org/title/144/item/494734
Average revenue per employed; $14,980
Inflation calculator; $21,627
https://www.usinflationcalculator.com/

Trump's average revenue per employed May 1st, 2018 - April 30th, 2019

Cumulative receipts; $3.364 trillion
Number of employed April 30th, 2019; 156,645,000
Average revenue per employed; $21,475

$21,627 - $21,475 = minus $152 per employed

Republican belief; "Today, we have record revenues"

 

Due to the tech boom. It is mathematically impossibility to increase revenues by decreasing the rate at which you collect them.

 

So math and logic aren’t your thing. Good to know.

 

Slashing revenue

 

Laffer curve. Look it up.

TARP, bank and auto bailouts, and stimulus spending.

 

But it didn’t change, nor had it ever changed. It’s why every time you guys try this, all that happens is an EXPLOSION of the deficit and debt. We have 40 years of data showing this.

 

The tech boom was in the 1990s. Not the 1980s.

How hard is that for you to understand:

1) Lower taxes increase economic activity.
2) High economic activity results in more taxes collected overall even if the rates are lower.
3) Lower taxes end up with more actual funds collected via taxation.

If you have taxes of 25% on 100 dollars worth of economic activity you collect 25 dollars.
If you lower those taxes to 20% and the economic activity expands from 100 dollars to 150 dollars then you collect 30 dollars in taxes.

 

What revenue was slashed? As highlighted revenue is up, if they had less that could be referred to as slashe

 

The official congressional voting record shows republicans killed EVERY single bill attempting to regulate Fanny and Freddie from 2001-2007. Sorry.

 

Wait, but GM went bankrupt and actually the entire city of Detroit after the auto bailout. Unemployment continued to rise after the trillion dollar stimulus. TARP? That was signed into law by Bush

 

Detroit did not go bankrupt. GM is once again profitable. Thanks to the bailout and the bankruptcy reorganization.

Yes. UE is a lagging indicator. The republican caused recession was the worst in 80 years. Republican incompetence has consequences. 10% UE was one of them.

 

No it isn’t. Again, math.

 

Detroit filed for bankruptcy, yes GM is doing better since going bankrupt.

The gop was out of power for 4 years before UE hi ten percent...years after those policies you credited for saving the economy.

 

Detroit did not go bankrupt.

No they weren’t.
.

Republicans directly caused recession. This is a proven fact. UE, as a result of republican incompetence, reached 10%. Thankfully, we had Democrat’s to once again clean up after republicans.

 

When one number is higher then another that means a it’s up. Simple math

 

It certainly did file for it, largest city to do so in USA history

Yes they certainly were...check with the BLS.

According to economic experts and top Dems like Clinton you are wrong. 4 years o dem policies have ya double digit UE. Facts

 

Right, you suck at math. We’ve established that already.

 

Detroit did not go bankrupt. Sorry. And no, they most certainly were not.

I’ve proven this false.

 

It’s your reading comprehension we’ve established this in the other thread. Keep trying

 

Now you are just trolling. You are seriously arguing that 30 dollars is less than 20 dollars!!!WTF!!!

 

I said they filed

 

Nope. I and others have repeatedly proven to You revenues are down, due to the tax cuts. Because.......math.