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Name:   GoneFishin - Email Member
Subject:   Anyone Know???
Date:   10/16/2018 9:38:37 PM

Why did the deficit increase 17% this year over last year?  I read somewhere earlier in the year that the tax reduction was going to reduce the deficit. Anyone have an explanation?

Name:   au67 - Email Member
Subject:   Anyone Know???
Date:   10/17/2018 8:14:12 AM

Not having an economics degree from Boston University, I'd have to guess it's the spending.

Name:   MartiniMan - Email Member
Subject:   Yes, and you won't like reality
Date:   10/17/2018 9:00:26 AM

First of all, we have collected record tax receipts in 2018 so the revenue side of the equation is not the problem and as we always see, tax cuts result in more revenue to the Treasury due to increased economic activity. 

As for the deficit, in the last fiscal year our interest expense was $75B more than FY2017 as a result of higher interest rates and the deficit balance.  The FY2017 deficit was $779B and FY2018 was $833B.  So when you add $75B in additional interest expense to the 2017 deficit it adds up to $854B.  Despite the additional $75B in interest expense the deficit only rose to $833B instead of $854B. So Trump is doing a pretty good job by reducing other Federal spending by $21B to keep the deficit down to $833B.

Havind said that, Trump is partially responsible for the increased interest rates as he has presided over such a great economy that the Fed is getting worried about inflation.  Keep trying Goofy but I suggest you send me a personal email with these kind of posts so I can help you avoid public humiliation......unless you like it.  Economic illiteracy is not something that you should show to the world.


Name:   flyfisher - Email Member
Subject:   Anyone Know???
Date:   10/17/2018 12:37:04 PM

ask the FED they should know--its interest on the debt thats increased

Name:   MartiniMan - Email Member
Subject:   Anyone Know???
Date:   10/17/2018 4:48:49 PM

Funny how a dose of reality sends Goofy into silent mode.  I do so love to burst his bubble.  Waiting for another TDS rant about how many times Trump lied.  

Name:   GoneFishin - Email Member
Subject:   Anyone Know???
Date:   10/17/2018 6:17:47 PM

Thank you for your response.

Assuming you are correct, why did the right support a huge tax cut that would lead to higher interest rates and a larger deficit? I always thought you and your fellow deplorables did not support a deficit. 

Name:   MartiniMan - Email Member
Subject:   Sigh.....
Date:   10/18/2018 9:35:06 AM

Let's see Goofy, we had a choice between abysmal economic performance, sub 3% GDP, high African American and Hispanic unemployment, high taxes and high deficits or what we currently have. Geez......what a dumb question. 

Name:   phil - Email Member
Subject:   Sigh.....
Date:   10/18/2018 1:24:50 PM

Whats funny is the concept that higher interests rates are a bad thing...... Zero interest levels were because the economy was chained up and could not get any movment under Oblamer.


Hell, I miss the days when checking and savings accts made 3-5% and bank CDs were 7%+


My grandparents helped put 12 kids and grandkids through school on the interest from bank CDs alone, he never touched the principal and would just keep rolling it over at maturity.


Name:   GoneFishin - Email Member
Subject:   Live For Today
Date:   10/18/2018 3:50:37 PM

The deficit during the Obama years was the result of trying to recover from the disastrous Bush depression. The revenue wasn't there and the deficits were building expecting when the economy showed real improvement the revenue increase would pay down the debt. Rather, the enonomy has improved, emplyment is up, and the deficit is increasing.

The truth is you and your fellow deplorables now will try and reduce benfits for the poor to reduce the deficit. As to higher interest rates, like Phil's grandparents, I love it. Between higher interest rates and lower tazes, I might even consider becoming a deplorable. Screw the for today.

Name:   phil - Email Member
Subject:   Live For Today
Date:   10/18/2018 4:11:50 PM

Why is it that you lecture everyone that Obama is out of bounds since he is no longer president, but you run to Bush to cover for the incompetence of your selected dictator?


I find your answer as typical of you - Whine about Bush to excuse Obama's failings.  The economy is back and interest rates are rising, now if the a$$holes in washington can quit spending money we might be going somewhere, but do not dare mention Obama/Hillary because they are your sacred cow(s).


I guess pouring cash into the economy, bailing out wallstreet and everyone else who screwed up and were "too big to fail" and almost zero interest rates was a good idea in your opinion and it still took 6 long years to get any movement, but tax cuts back to the people who actually earned the money is just a crumbs and the goverment knows how to spend your money better then you do.  Well in your case I almost have to agree with you, you are too stupid to spend your own money - mail the IRS all your extra funds as a donation and let them spend it on stupid stuff and freebies to illegals. 



Name:   Buteye - Email Member
Subject:   Live For Today
Date:   10/18/2018 7:12:46 PM

How do you explain the $9 trillion dollars that Obama added to the National Debt and what do we have to show for it?

Name:   MartiniMan - Email Member
Subject:   The recession ended in 2008
Date:   10/19/2018 2:20:28 PM

Go look it up Goofy.  There was no recession in 2009 when he took office.  It was a recovery and because of his economic illiteracy and left wing nut views it was an absymal one.

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