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Old 07-19-2018, 12:37 AM  
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New White House Report Shows Deficit Projections Have Doubled

The White House Office of Management and Budget released its annual mid-session review Friday, updating deficit projections in its fiscal year 2019 budget request. The report projected deficits will reach $1.085 trillion in FY 2019 under their budget, which is double the $526 billion called for in their FY 2018 budget.

http://www.crfb.org/press-releases/n...s-have-doubled
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Old 07-19-2018, 04:37 PM   #61
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A Dem president always needs a GOP congress to shrink a deficit


Fact.
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Old 07-19-2018, 05:16 PM   #62
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Originally Posted by Prison Bitch View Post
A Dem president always needs a GOP congress to shrink a deficit


Fact.
How'd that work for Trump?
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Old 07-19-2018, 05:17 PM   #63
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Was listening to Rush on radio briefly....
Liar. You don't listen.
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Old 07-19-2018, 05:52 PM   #64
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Fact is, you don't pass these bills without a president, unless you are going to claim there was a veto and override? No? Yep, didn't think so. Dems shrink deficits, Reps make it worse. Facts are troubling things sometimes, especially when you're a republican.
a

This may be the stupidest post I have ever read on Chiefsplanet... and I have read a lot of DaveLoon's and Loneidiot's drivel. The next time the republicans bring up entitlement reform, which is the majority of the budget, I expect you will call your Democrat representatives and tell them you support the reform and not to demigod the reforms as pushing grandma off the cliff in her wheelchair...
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Old 07-19-2018, 06:03 PM   #65
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Originally Posted by Loneiguana View Post
How cute of you to post something from April, rather than any of the current articles that have been posted showing the drop in revenue compared to last year.

Trumpers are so stupid and dishonest.
You are one of the dumbest mother ****ers in the planet. Wait you won the dumbest mofo on the Planet and for good reason. Please feel free to post any article that shows a revenue decrease. Do you know why they reported April revenue number in May? Businesses and corporation make their first quarter payments in April. Get it, it's the first ****ing quarter. Guess what will happen at the end of July, they will report the revenue received in July from 2nd quarter payments. This will be reported in August. See how the works you stupid little troll.
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Old 07-19-2018, 06:15 PM   #66
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Quote:
Originally Posted by IowaHawkeyeChief View Post
a

This may be the stupidest post I have ever read on Chiefsplanet... and I have read a lot of DaveLoon's and Loneidiot's drivel. The next time the republicans bring up entitlement reform, which is the majority of the budget, I expect you will call your Democrat representatives and tell them you support the reform and not to demigod the reforms as pushing grandma off the cliff in her wheelchair...
What entitlements did Obama cut to shrink the deficit under his watch?
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Old 07-19-2018, 06:20 PM   #67
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Originally Posted by IowaHawkeyeChief View Post
You are one of the dumbest mother ****ers in the planet. Wait you won the dumbest mofo on the Planet and for good reason. Please feel free to post any article that shows a revenue decrease. Do you know why they reported April revenue number in May? Businesses and corporation make their first quarter payments in April. Get it, it's the first ****ing quarter. Guess what will happen at the end of July, they will report the revenue received in July from 2nd quarter payments. This will be reported in August. See how the works you stupid little troll.
U.S. records nearly $75 billion budget deficit in June

Quote:
The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago.

The June deficit pushed the imbalance so far this year to $607.1 billion, 16.1 percent higher than the same period a year ago, the Treasury Department said in its monthly report. The Congressional Budget Office is forecasting that the deficit for the entire budget year will total $793 billion, up 19.1 percent from the prior year, reflecting in part the impact of the $1.5 trillion tax cut that Congress approved in December plus increases in government spending lawmakers approved earlier this year.
https://www.cbsnews.com/news/u-s-rec...ficit-in-june/

I love that you are still mentioning a internet poll like this is a high school table of girls while I continue to embarrass you.

I'd almost feel sorry you.

Also, before you go stupid. Yes. That shows a revenue decrease.
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Old 07-19-2018, 08:03 PM   #68
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Quote:
Originally Posted by Loneiguana View Post
U.S. records nearly $75 billion budget deficit in June



https://www.cbsnews.com/news/u-s-rec...ficit-in-june/

I love that you are still mentioning a internet poll like this is a high school table of girls while I continue to embarrass you.

I'd almost feel sorry you.

Also, before you go stupid. Yes. That shows a revenue decrease.
Riddle me this ****tard...

From your own article:

Quote:
Through the first nine months of this calendar year, revenues have totaled $2.54 trillion, an increase of 1.4 percent from the same period a year ago. Government spending has totaled $3.15 trillion, an increase of 3.9 percent from a year ago.
Besides the obvious typo by the stupid reporter changing a 6 upside down... Revenue is up. Corporate tax revenue is down and will remain lower as that is the ****ing point... Wow! It's happening. We lowered both individual and corporate rates yet the government is taking in more money, weird... How is that... are more people paying taxes as they are not working or more now have full time jobs? Are pass-through small businesses starting up and doing better which would be reflected in quarterly payments higher than expected? What's the reason there is more revenue after a tax cut...wait but, but, the deficit is growing due to the tax cut... yea right.?
If we have the same the anemic 1.7% GDP growth of Obama it's going to increase. If growth is above 2.3% it will help the deficit, but hey, those deficits... You understand that $trillion deficits have been predicted for this time period for over a decade as baby boomers retire and go on SS and Medicare. The only way to fix our deficit is to reform entitlements for those under 50, but the left pushes that as taking SS and Medicare away from current Seniors. It's good to know you support real entitlement reform in the future opposed to forced austerity in 10 years.
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Old 07-19-2018, 10:01 PM   #69
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Why do you all think pointing out the makeup of Congress is a good idea when the deficit exploded yet again Uber unified republicans control?
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Old 07-20-2018, 05:14 AM   #70
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Quote:
Originally Posted by IowaHawkeyeChief View Post
Riddle me this ****tard...

From your own article:



Besides the obvious typo by the stupid reporter changing a 6 upside down... Revenue is up. Corporate tax revenue is down and will remain lower as that is the ****ing point... Wow! It's happening. We lowered both individual and corporate rates yet the government is taking in more money, weird... How is that... are more people paying taxes as they are not working or more now have full time jobs? Are pass-through small businesses starting up and doing better which would be reflected in quarterly payments higher than expected? What's the reason there is more revenue after a tax cut...wait but, but, the deficit is growing due to the tax cut... yea right.?
If we have the same the anemic 1.7% GDP growth of Obama it's going to increase. If growth is above 2.3% it will help the deficit, but hey, those deficits... You understand that $trillion deficits have been predicted for this time period for over a decade as baby boomers retire and go on SS and Medicare. The only way to fix our deficit is to reform entitlements for those under 50, but the left pushes that as taking SS and Medicare away from current Seniors. It's good to know you support real entitlement reform in the future opposed to forced austerity in 10 years.
Holy shit. You still think that shows tax cuts increased revenue, rather than showing ordinary inflation, even though you admit it says tax revenues are down.

Here is what this dumnass didnt want to put in his post except in mentioning.

Quote:
Revenue from corporate tax payments totaled $41 billion in June, down $20 billion from a year ago
We cut 20 billion in revenue in just corporate taxes alone, buts let's blame entitlements.
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Old 07-20-2018, 08:01 AM   #71
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Originally Posted by Loneiguana View Post
Holy shit. You still think that shows tax cuts increased revenue, rather than showing ordinary inflation, even though you admit it says tax revenues are down.

Here is what this dumnass didnt want to put in his post except in mentioning.



We cut 20 billion in revenue in just corporate taxes alone, buts let's blame entitlements.
Try reading my post slower, maybe that will help. Corporate tax revenues is down, that is the ****ing point. Get it, they use that excess capital to expand, hire, build across the country which increases GDP, expands the tax base and have more folks working instead of collecting. This is happening whether you choose to ignore it or not. Once again, we lower corporate taxes and individual taxes and revenue is up? Weird. If we have 1.5% growth in 2018 like 2016 please bump this thread. If we finally have the first year of 3% growth for the first time since 2005, I'll bump it...
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Old 07-20-2018, 08:20 AM   #72
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Originally Posted by IowaHawkeyeChief View Post
Try reading my post slower, maybe that will help. Corporate tax revenues is down, that is the ****ing point. Get it, they use that excess capital to expand, hire, build across the country which increases GDP, expands the tax base and have more folks working instead of collecting. This is happening whether you choose to ignore it or not. Once again, we lower corporate taxes and individual taxes and revenue is up? Weird. If we have 1.5% growth in 2018 like 2016 please bump this thread. If we finally have the first year of 3% growth for the first time since 2005, I'll bump it...
Show where the reducing trend in unemployment increased after the law was passed. If these massive tax cut were used there, it would have to make a large impact. It doesn't. We continue down the same trendline as before.

No, there is some expansion here and there but 90% of it is used on things that don't directly aid the economy. Things like stock buy backs which of course help that companies stocks, etc. but don't find their way down to the workers. Oh, it's a massive pay increase for the CEOs, etc. though because of their stock options.

Just call the "tax cut" what it is. Republicans paying back their high dollar contributors. At the same time fooling the base with a bait and switch on a temporary tax cut for them.
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Old 07-20-2018, 08:27 AM   #73
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Originally Posted by IowaHawkeyeChief View Post
Try reading my post slower, maybe that will help. Corporate tax revenues is down, that is the ****ing point. Get it, they use that excess capital to expand, hire, build across the country which increases GDP, expands the tax base and have more folks working instead of collecting. This is happening whether you choose to ignore it or not. Once again, we lower corporate taxes and individual taxes and revenue is up? Weird. If we have 1.5% growth in 2018 like 2016 please bump this thread. If we finally have the first year of 3% growth for the first time since 2005, I'll bump it...
The idea that they're investing all those savings in capital is overblown. Most of that money is sunk into buybacks, which basically means the biggest beneficiary isn't the company, it's executives with huge stock options.

I don't have an issue with corporate tax breaks if it's offset by spending cuts. Cutting taxes while drunkenly spending money and expecting corporations will trickle down all the tax savings into true long term investment is wishful thinking.
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Old 07-20-2018, 08:27 AM   #74
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Originally Posted by Prison Bitch View Post
A Dem president always needs a GOP congress to shrink a deficit


Fact.
Well, the tax law pass by Obama and the D congress is why we've had a reducing deficit since he started so your logic is pretty much a lie but we'll go ahead and use your logic.

R President +R Congress = deficit increase
R President + D Congress = deficit increase
D President + D Congress = deficit increase
D President + R Congress = deficit decrease

So by your logic, we should always only have a Democratic president. What's funny is I told my dad in the 90s that I thought we were better off with a Dem president and Rep congress. I always believed that until I saw the Tea Party takeover of the Republicans.
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Old 07-20-2018, 08:36 AM   #75
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Originally Posted by IowaHawkeyeChief View Post
Try reading my post slower, maybe that will help. Corporate tax revenues is down, that is the ****ing point. Get it, they use that excess capital to expand, hire, build across the country which increases GDP, expands the tax base and have more folks working instead of collecting. This is happening whether you choose to ignore it or not. Once again, we lower corporate taxes and individual taxes and revenue is up? Weird. If we have 1.5% growth in 2018 like 2016 please bump this thread. If we finally have the first year of 3% growth for the first time since 2005, I'll bump it...
You still believe in the fairy tale of trickle down.



There is more evidence that Jesus existed than there is that trickle down ever actually happens.
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