Replies: 16
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Legend [19603]
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All-TigerNet [13356]
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Convienient. 2009 May be the biggest disparity we ever see.***
Apr 14, 2019, 3:57 PM
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Legend [19603]
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Sad to see what good shape we were in circa 2000
Apr 14, 2019, 4:10 PM
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before 8 years of W went and messed it all up. 8 years of Obama got things headed back in the right direction, and now look what's happening under Trump. I don't think you'll have to wait that much longer.
BTW fiscal year 2009 began in October 2008..
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All-TigerNet [13356]
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Also convienient.
Apr 14, 2019, 4:14 PM
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What would you say about 2011? That’s the next worst diparity.
These should also be compared with GDP.
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Lot o points [154503]
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CU Medallion [73569]
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Legend [19603]
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Might help to click the link, read the article, etc***
Apr 14, 2019, 4:32 PM
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Lot o points [154503]
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Wonder why they omit that total receipts are up?***
Apr 14, 2019, 10:15 PM
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Legend [19603]
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It's a "conservative" pro-Trump site, so you got me***
Apr 15, 2019, 11:12 AM
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Standout [345]
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Re: Lol, tax revenues have gone up every yr
Apr 15, 2019, 9:09 AM
[ in reply to Lol, tax revenues have gone up every yr ] |
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If you adjust for inflation so we have a fair comparison and use actual fiscal years you get a better picture. I start with Reagan as that is where our modern debt began.
Reagan – 1.9 trillion H.W. Bush – 1.6 trillion Clinton – 1.4 trillion W. Bush – 5.9 trillion Obama – 8.6 trillion Trump – 2 trillion in 2 years.
So basically, Trump is on track for the same levels of Obama except he hasn't had a resection to deal with.
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110%er [9174]
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Did you notice?
Apr 14, 2019, 7:54 PM
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-Doc
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All-In [48078]
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Re: Federal Spending Hits 10-Yr High; Taxes Hit 5-Yr Low
Apr 14, 2019, 8:58 PM
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Wonder what we would be like if had never gone to Iraq or stayed in Afghanistan so long.
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Legend [17040]
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In “good” economic periods those lines need to be converging
Apr 15, 2019, 9:25 AM
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not diverging. These trends need to be considered in a larger context of the overall economic conditions of the period. Comparing 2009 to 2019 is silly.
Trump and present day republicans do not embrace conservative economic policy including a lean towards a balanced budget and eventually lower deficits.
Democrats are pretty much where they have always been in supporting more liberal spending policies primarily focused on social programs.
Missing the conservative counter weight to liberal policies is concerning.
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Oculus Spirit [93156]
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To buffer that a bit I'll add...
Apr 15, 2019, 9:53 AM
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8 years of Obama denutting our military, allowing ISIS to run rampant by pulling out of Iraq early and putting million and millions more on welfare while strapping the federal gov with Obamacare may be a contributing factor in the spending issues we're having.
Our military got behind but maybe not as much as spending indicates. We could cut some of that. As for Obamacare, once you give America a social program it's very difficult to find enough votes to take it back it.
The graph in the thread starter which shows gov spending and gov tax revenues is quite deceptive. Our gov doesn't spend according to what it takes in. It spends because it's one of the only function it does well. National defense is second.
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Oculus Spirit [80692]
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This is peculiar to me.
Apr 15, 2019, 10:57 AM
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Everyone I know has to pay additional taxes at the end this year. I've never had to pay this much before.
I think I got an additional $30 / week from our tax break.
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Legend [19603]
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Y'all might not be rich enough
Apr 15, 2019, 11:10 AM
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"The top 20 percent of earners received more than 60 percent of the total tax savings, according to the Tax Policy Center; the top 1 percent received nearly 17 percent of the total benefit, and got an average tax cut of more than $30,000. That’s not even factoring in the law’s huge cut to corporate taxes, which disproportionately benefit the wealthy households that own the most stock."
https://www.nytimes.com/2019/04/15/business/trump-tax-cut-impact.html
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Oculus Spirit [80692]
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There's no doubt about that.
Apr 15, 2019, 11:40 AM
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I do know paying almost 6 grand in addition to what i paid all year sucks.
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Replies: 16
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