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#320675 - 01/28/20 04:26 AM Re: US budget deficit hits $984 billion, highest in 7 years [Re: pdx rick]
CPWILL Offline
newbie

Registered: 12/26/19
Posts: 461
Originally Posted By: pdx rick
Originally Posted By: CPWILL
...I've only met a couple of anti-semitic right-wingers as well. As a trend, I'm aware of it being as ensconced on the left as it is on the right...

That line seems to the current Conservatives talking point.


:shrug: Sure. It is also a Left-wing talking point that Trump is a liar. People often find that factual claims make good ones.
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#320683 - 01/28/20 12:54 PM Re: US budget deficit hits $984 billion, highest in 7 years [Re: CPWILL]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 10355
Loc: One of the Mexicos
Originally Posted By: CPWILL
Originally Posted By: pdx rick
Originally Posted By: CPWILL
...I've only met a couple of anti-semitic right-wingers as well. As a trend, I'm aware of it being as ensconced on the left as it is on the right...

That line seems to the current Conservatives talking point.

:shrug: Sure. It is also a Left-wing talking point that Trump is a liar. People often find that factual claims make good ones.

Especially when there is ample evidence to support those claims.
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#320796 - 01/30/20 01:05 PM Re: US budget deficit hits $984 billion, highest in 7 years [Re: CPWILL]
logtroll Offline
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Registered: 04/26/10
Posts: 10355
Loc: One of the Mexicos
Originally Posted By: CPWILL
Respectfully, that is not a fact. That is an assessment which depends upon assumptions, some of which may - or may not - be valid. An example of a fact would be the fact that Revenues went up, even as the Deficit did.

Respectfully, that is not a fact. Revenues did not increase. They decreased, in spite of the new revenues from tariffs.

Quote:
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is technically true that fiscal year (FY) 2018 nominal revenue is higher than FY 2017 nominal revenue, revenue has fallen by more meaningful metrics. It has fallen in nominal dollars when comparing tax year to tax year and has fallen in real dollars and as a share of GDP under any scenario. Focusing specifically on revenues raised under the new tax code, revenue has declined by between 3.5 and 8 percent.

CRFB
_________________________
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To change something, build a new model that makes the old model obsolete.”
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#320797 - 01/30/20 01:08 PM Re: US budget deficit hits $984 billion, highest in 7 years [Re: logtroll]
logtroll Offline
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Registered: 04/26/10
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PS - this thread is about the deficit, not anti-semitism. nono

smile
_________________________
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To change something, build a new model that makes the old model obsolete.”
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#320800 - 01/30/20 06:54 PM Re: US budget deficit hits $984 billion, highest in 7 years [Re: logtroll]
Greger Offline


Carpal Tunnel

Registered: 11/24/06
Posts: 17288
Loc: Florida
Quote:
revenue has declined by between 3.5 and 8 percent.

That simply cannot be true because tax revenue rises every year.

Blame for any increase in the deficit lies entirely with Democrats, they now control the House of Representatives and, constitutionally, the purse strings of government spending. President Trump has promised to eliminate the national debt completely by the end of his next term.

Anyone failing to vote for his positive fiscal agenda will be entirely responsible for his failure to achieve these goals. Spending cuts will begin in earnest next year when he is sworn into office for his second term. Medicare, Medicaid, Social Security, and the Veterans Administration are bloated government programs that need to be cut down to size or eliminated completely. School lunch programs will be eliminated completely as students can brown bag it. K-12 public education will implement tuition fees and the Department of Education will provide loans to parents who can't afford them.
All CHIP and SNAP programs will be eliminated as well and it is hoped that another $12Billion dollar aircraft carrier can be built with the proceeds from this cut. (any funding overuns will be deposited directly with Trump Org. Future corporate tax cuts will increase revenue further! It is hoped that before his third term begins corporate taxes can be eliminated completely and President Trump will be declared President for life to avoid exorbitant spending on future elections. His heirs will be appointed leading positions as the dysfunctional US Congress is replaced with Trump family members and friends, saving Americans the need to vote and the wasted productivity involved therein.

The exploitation of workers will continue until moral improves!
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#320814 - 01/30/20 09:07 PM Re: US budget deficit hits $984 billion, highest in 7 years [Re: pdx rick]
Jeffery J. Haas Offline
It's the Despair Quotient!
Carpal Tunnel

Registered: 08/03/04
Posts: 15728
Loc: Whittier, California
The US economy SLOWED in 2019.

It was "hit by trade wars".
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#320817 - 01/30/20 10:28 PM Re: US budget deficit hits $984 billion, highest in 7 years [Re: logtroll]
CPWILL Offline
newbie

Registered: 12/26/19
Posts: 461
Originally Posted By: logtroll
Originally Posted By: CPWILL
Respectfully, that is not a fact. That is an assessment which depends upon assumptions, some of which may - or may not - be valid. An example of a fact would be the fact that Revenues went up, even as the Deficit did.

Respectfully, that is not a fact. Revenues did not increase. They decreased, in spite of the new revenues from tariffs.

Quote:
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is technically true that fiscal year (FY) 2018 nominal revenue is higher than FY 2017 nominal revenue, revenue has fallen by more meaningful metrics. It has fallen in nominal dollars when comparing tax year to tax year and has fallen in real dollars and as a share of GDP under any scenario. Focusing specifically on revenues raised under the new tax code, revenue has declined by between 3.5 and 8 percent.

CRFB


Respectfully, it is a fact, which is why even your own source makes the argument "okay, technically, nominally, yes, revenue increased, BUT.....".

Certainly they weren't cut deeply, as is being suggested by those who claim that nominal marginal rate reductions are responsible for large increases in our annual deficit (when the actual driver of that is our increased spending).

Federal Tax Revenue By Year:

FY 2019 $3.44 trillion (estimated)
FY 2018 $3.33 trillion
FY 2017 $3.32 trillion
FY 2016 $3.27 trillion
FY 2015 $3.25 trillion
FY 2014 $3.02 trillion

The Treasury records revenue increasing, the Office of Management and Budget records revenue increasing....

and that is a fact (shrug), though your source wishes to claim that - though technically true - that fact can be interpreted through different lenses to bring out mitigating factors.
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#320820 - 01/30/20 10:33 PM Re: US budget deficit hits $984 billion, highest in 7 years [Re: CPWILL]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 10355
Loc: One of the Mexicos
Guess you didn't read the link, the one that accounts for things people like to ignore when it doesn't fit their world view.
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