Yes he lowered taxes and revenue increased as did economic activity, maybe you ought to do some research. Official data for 2018 will be released tomorrowDid Trump lower taxes or increase them? (hint option a)
Did Trump lower or increase the deficit and thus the debt? (hint read the OP)
The data completely supports this. Wow you completely owned yourself on this one
Yes he lowered taxes and revenue increased as did economic activity, maybe you ought to do some research. Official data for 2018 will be released tomorrow
Why is it so important for federal spending and revenue to grow? Your indoctrination in liberalism is complete
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Has there been a full annual budget passed since that one in 2009?You really never took civics did you? There was no TRUMP budget in 2017 and there was no Trump budget in 2018. THERE WAS AN OBAMA BUDGET in 2009, he signed it thus he owned it. Entertain you? I have no interest in entertaining you and your misguided ego
I will hold Trump responsible for the debt at the end of his Administration, not one budget year into it
He increased spending more than the federal revenue increased. That increases deficits. Hence he is spending other people money.
I am not a liberal but Trumps economic policy of spending money to get a temporary economic boost is.
Apparently yo think Trump increasing the deficits is a good thing.
Congrats your conversion to liberalism is complete
Here is a handy rule to follow when looking at the yearly debt numbers. If the economy is tanking and people are losing their jobs, tax revenues will go down. When they go down, the debt will increase unless at the very same time, the government spends less money. If the economy is tanking and the government spends less money because the economy is tanking then the economy will tank even more resulting in even greater losses in tax revenue. Now as mature adults, given this obvious circle of misery, do you really think the responsible position is to let the economy drop to avoid deficits? Is that what you wanted Obama to do? Match dollar for dollar cuts in spending with drops in tax revenues?
My little story explains why the right's complaint about the debt increasing under Obama is silly and purely partisan hackery.
Has there been a full annual budget passed since that one in 2009?
Trump signed a partial budget that funded a portion of the government and the military for 2 years last summer but much was left to CRs. 1000s of pages, no debate. Hours to read it.
Remember the days when the Ways and Means and appropriation chairs were among the most powerful in Washington. Are they even relevant anymore?
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He increased spending more than the federal revenue increased. That increases deficits. Hence he is spending other people money.
I am not a liberal but Trumps economic policy of spending money to get a temporary economic boost is.
Apparently yo think Trump increasing the deficits is a good thing.
Congrats your conversion to liberalism is complete
If that is the case then you shouldn't have any problem posting federal Treasury data to support your claim? the problem is you won't find that support at Treasury but keep promoting massive central gov't social spending and ignore state and local responsibilities. Keep asking this question and never getting an answer so this one is on you, where does the state and local governments get their money when more dollars go to the federal bureaucrats?
Trump is spending money at an ever increasing rate and the economy is doing Ok but sooner or later the money will run out and the debt incurred will cause a massive drag on the economy. It simple economics but liberals like you dont seem to have any clue how an economy works, you just want to spend and spend and spend.Wonder if this has anything to do with the left going ballistic over tax cuts and getting good people like you to believe their rhetoric
Cal Thomas: Florida’s economy is booming while blue states like New York are mired in debt -- why is that? | Fox News
Wonder if this has anything to do with the left going ballistic over tax cuts and getting good people like you to believe their rhetoric
Cal Thomas: Florida’s economy is booming while blue states like New York are mired in debt -- why is that? | Fox News
So you are claiming the deficits are getting smaller under Trump? Is that the rope you are going to sling around your neck?
Ok then
View attachment 67251405
United States federal budget - Wikipedia
Deficit by Year: Compared to GDP, Debt, and Events
Budget and Economic Data | Congressional Budget Office
US Federal Deficit by Year - plus charts and analysis
There ya go my liberal friend
Trump is spending money at an ever increasing rate and the economy is doing Ok but sooner or later the money will run out and the debt incurred will cause a massive drag on the economy. It simple economics but liberals like you dont seem to have any clue how an economy works, you just want to spend and spend and spend.
That has absolutely nothing to do with an increase in federal deficit spending, yet you posted it as a reply. More dodge and deflect as you avoid admitting the truth. Florida's economy is not booming due to its deficit spending.
Since you are concerned about the deficit spending why aren't you posting Treasury data to support your claims? I am waiting, opinions don't win debates or court cases
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17 percent) increase from FY 2017. The deficit is 3.9 percent of GDP, also up from 3.5 percent in 2017. Not surprisingly, recent legislation plays a large role in the deficit increase.
The $113 billion increase in the deficit comes from largely flat revenue coupled with increasing spending. Revenue was up only $14 billion, or 0.4 percent. This revenue growth rate is the eighth lowest in the past 50 years, and the seven lower years either coincided with a recession or tax cuts/expiring tax increases enacted shortly after a recession. As we have noted, though, even this slight revenue growth understates how much the 2017 tax law is reducing revenue since the fiscal year totals include revenue raised from the pre-tax law code. Accounting for inflation or as a share of the economy, revenues were down 4 to 9 percent over the tax year.
You know that there is a federal deficit and that under Trump it has incresed each year.
Treasury: 2018 Deficit was $779 Billion | Committee for a Responsible Federal Budget
Yes, and know that Trump's first year was 2018 and in 2017 he did what he could by reducing the Executive Branch spending. I also know that fiscal year 2018 deficit was generated by 4 rate hikes in interest expense and entitlement spending increases.
Do you have any idea why the left is so anti tax cuts? Could it have anything to do with the Trump provision of capping their state and local tax deductions hurting Blue states and pointing out that liberalism isn't a free lunch and has to be paid for.
I will hold the Trump Administration accountable for the debt added by the end of his term and right now it is a significant reduction from the 8 years of Obama's 9.3 trillion
I think what you are also ignoring is state and local revenue growth especially in Red states, charitable giving, S&P dividend hikes, loss of corporate revenue due to pay increases, bonuses, health and pension payments. Why do we need a 4.4 trillion dollar Federal gov't and why isn't the Trump 2019 budget being considered?
You didn't source your claim. Sorry, your word just isn't good enough, and so this statement can be dismissed until you can provide an acceptable source that shows this to be the case.
Yep, the Obama annual federal deficits averaged $1.16T and, so far, Trump's are a bit below that. Of course, the difference is that Obama had to deal with a large recession while Trump is, so far, enjoying a much more robust economy. The problem is that the US economy, even under Trump, depends on that high level of federal spending which is why congress refuses to reduce (much less cut) federal spending even during the best of economic times.
YOU don't get to decide this. Have a nice day.
The results of the obama economic policies were the worst recovery in U.S. History
You have nothing to offer this discussion other than observations of what other people post.
Yeah, I get to do that.
Why am I wasting any more time with you, we pay debt service not deficit service and deficits are generated more by spending than revenue reduction as revenue continues to grow but you continue to ignore it. Keep buying what the left tells you and keep promoting the massive central gov't and power grab! You have no understanding of the private sector, basic civics, or the components of GDP, why is the increase in state, local revenue, charitable contributions, and even federal revenue growth such a problem for you
As stated you shouldn't have any problem posting the Treasury data to support your claims so where is it?
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