Trump notches worst deficit since Great Recession February’s shortfall tops $215 billion

k995 · Mar 13, 2018

https://www.washingtontimes.com/news/2018/mar/12/trump-notches-worst-deficit-great-recession/

Wow mr 'I will fix the economy and you will be tired of winning" not only increased the trade deficit tremendous, ended a 2 year bull stock market but is also increasing the debt at a tremendous rate while economic growth isn't any better then the past few years.

Hoosier8 · Mar 13, 2018

Thanks Obama. The Libs here claim this is Obama’s economy so you can’t blame Trump.

waltky · Mar 13, 2018

Granny says, "Dat's right - dem politicians spendin' too much money we ain't got...

Feds Run $215 Billion Deficit in February
March 12, 2018 - The federal government ran a deficit of $215,248,000,000 in the month of February, while taking in $155,623,000,000 in taxes and spending $370,871,000,000, according to the Monthly Treasury Statement.

The deficit was the largest the federal government has run in February in five years (when the monthly deficits are compared in constant 2018 dollars adjusted using the Bureau of Labor Statistics inflation calculator). However, the monthly deficit was 11.27 times more than the $19,095,650,000 drop in taxes the American people saw in February 2018 compared to February 2017. The last time the February deficit exceeded $215 billion was in 2013, when Barack Obama was president. That year it hit $217,304,000,000 in constant January 2018 dollars. In fact, the February monthly deficit exceeded this year’s total of $215,248,000,000 in five of the eight years Obama was in office.

That was the case in 2009 ($226,450,680,000 in constant January 12018 dollars); 2010 ($252,633,560,000); 2011 ($249,208,760,000); 2012 ($252,237,220,000); and 2013 ($217,304,000,000). The federal government collected $19,095,650,000 less in taxes in February 2018 than it did in February 2017, according to the Monthly Treasury Statement. February was the second month that the tax cut signed in December by President Donald Trump was in effect. In January, the first month the Trump tax cut was in effect, the federal government ran a surplus of $49,237,000,000. At the same time that the federal government was collecting $19,095,650,000 less in taxes in February 2018 than it in February 2017, it was also running a February 2018 deficit that was $19,842,480,000 larger (in constant 2018 dollars) than the deficit it ran in February 2017.

In February 2017, the federal government collected $174,718,650,000 in total taxes (in January 2018 dollars). That was $19,095,650,000 more than the $155,623,000,000 in total taxes collected this February. This February, the federal government spent a total of $370,871,000,000. Last February, it spent $370,124,160,000 in constant January 2018 dollars. That made this February’s federal spending $746,840,000 more than last year’s. This year’s taxing and spending in February resulted in a deficit of $215,248,000,000 for the month. Last year’s taxing and spending in February resulted in a deficit of approximately $195,405,520,000 in constant January 2018 dollars. That made this year’s February deficit $19,842,480,000 larger than last year’s. The largest federal deficit ever recorded in February was in February 2010, when the deficit was $252,633,560,000 in constant January 2018 dollars.

From the Monthly Treasury Statement

In the years since 1981, the smallest the deficit has been in February was 1982, when it was $38,725,940,000 in constant January 2018 dollars. The February deficit first broke $100 million in 2002, when it hit $106,027,970,000 in constant January 2018 dollars. It first broke $200 million in 2008, when it hit $205,563,120,000; and it first broke $250 million in 2010, when it hit $252,633,560,000. So far in fiscal 2018, which began on October 1, the federal government has taken in a total of $1,286,172,000,000 in tax revenues, while spending $1,677,137,000,000 and running a deficit of $390,965,000,000. February is the shortest month of the year. In three out of four years, it has 28 days. In the fourth year, which coincides with U.S. presidential election years, a 29th day is added to February. Thus, in 2017 and 2018 there were 28 days in February.

https://www.cnsnews.com/news/article/terence-p-jeffrey/feds-run-215-billion-deficit-february
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Trump: 'I Am Calling on Congress to Block Funds' for Sanctuary Jurisdictions
March 12, 2018 - Attorney General Jeff Sessions is suing the state of California for its "sanctuary" immigration laws, and over the weekend, President Donald Trump urged Congress "to block funds for jurisdictions that shield dangerous criminals."

"Protecting the safety and well-being of American citizens is my highest duty as president," Trump said in his Saturday radio address. "Yet, lawless sanctuary jurisdictions are nullifying federal law, obstructing immigration enforcement, and releasing thousands of criminal aliens into U.S. communities to prey on innocent victims. It's absolutely terrible." Trump cited several examples where cities and states have denied a request from immigration officials to turn over violent criminal aliens.

He also criticized the mayor of Oakland, Calif. for giving the public advance warning of an impending ICE raid, "allowing criminal aliens time to "scatter and hide from authorities. The mayor's conduct directly threatened the safety of federal immigration officers and the law-abiding Americans in her community," the president said. Trump said the leaders of California are in "open defiance" of federal law, and "they don't care about the kind of things that you and I care about."

He also mentioned cases in New York and Denver, Colorado, where state and city authorities have refused to work with ICE: Sanctuary jurisdictions are the best friend of smugglers, gang members, drug dealers, human traffickers, killers, and other violent offenders. We want our cities to be sanctuaries for Americans, not safe havens for criminals. That is why I am calling on Congress to block funds for jurisdictions that shield dangerous criminals. It is time to end the bloodshed brought about by reckless sanctuary policies - and it is time to save American lives and American cities.

'Build that wall!'

At a campaign rally near Pittsburgh on Saturday night, President Trump drew cries of "build that wall" when he criticized Democrats for their immigration leniency: “So the Democrats are the party of sanctuary cities. Explain that one, right?" Trump told the crowd. “They like to protect criminals. They like to protect MS-13." Trump talked about ICE agents "being tough as hell," as they grab gang members "by the neck." "We're cleaning out," Trump promised. “Build that wall, build that wall,” the crowd chanted, interrupting him. "We are building the wall," Trump promised. "100 percent."

https://www.cnsnews.com/news/articl...-congress-block-funds-sanctuary-jurisdictions
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Trump notches worst deficit since Great Recession February’s shortfall tops $215 billion

k995 Well-Known Member

Hoosier8 Well-Known Member Past Donor

waltky Well-Known Member

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Trump notches worst deficit since Great Recession February’s shortfall tops $215 billion

k995 Well-Known Member

Hoosier8 Well-Known Member Past Donor

waltky Well-Known Member

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