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Old May 16th, 2018, 03:25 AM   #11
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Originally Posted by goober View Post
I never expected you to understand...
It's a highly technical distinction, that only people with advanced degrees in finance can grasp.
April is not the First Quarter...it's not even in the First Quarter.
No, you said Deficit, The Treasury recorded a surplus.

I guess you didn't get that advanced Technical Degree. Hell even a 3rd Grader understands the term SURPLUS.

So since you don't know the difference in a deficit and a surplus, you can run along now and go play with your Goober
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Old May 16th, 2018, 03:29 AM   #12
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No it says SURPLUS.. yawn..

Didn't read the CBO report did you. Wait, can you read? as long as GDP out paces Obama's best 1.9% Trump's tax plan is a revenue generator.


https://www.marketwatch.com/story/us...oom-2018-05-10


In fact if we had the Obama Tax Plan the Deficit would be billions more than it is under Trumps tax plan

https://www.investors.com/politics/e...-gop-tax-cuts/

ROFLMBO.. not only can goobers not read, they cannot do math either.


I realize this is complicated. Who thought reading could be so hard, but try again, genius.

The government's deficit is the private sector's surplus, and that is a simple fact of accounting. If GDP is $20T, it is because $20T of business was transacted in that year and that the government has $20T of money in circulation to enable that to happen.

Last month, the government sector drained the private sector of $214.5 billion. The private sector shrank by that much as this money was removed from the circular flow of income.

This was your income that you earned.
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Old May 16th, 2018, 03:33 AM   #13
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I realize this is complicated. Who thought reading could be so hard, but try again, genius.

The government's deficit is the private sector's surplus, and that is a simple fact of accounting. If GDP is $20T, it is because $20T of business was transacted in that year and that the government has $20T of money in circulation to enable that to happen.

Last month, the government sector drained the private sector of $214.5 billion. The private sector shrank by that much as this money was removed from the circular flow of income.

This was your income that you earned.
Drained the private Sector? hmmm.. so I guess the tax cut should have been Bigger like Trump First proposed.

Wait the Private Sector in April has Grown more than it has since 2007... hmmmm quite a quandary huh..

Private Sector has grown more than it has in 11 year in April.. But it Shrank the Private sector..

Me thinks we need more Shrinkage like that.

you see money is taxed when it changes hands. People purchased more cars, Truck, TVs, and other goods and service than we have seen since BEFORE yes BEFORE Obama took office.

Money is called Currency, because like Electricity if electrons are not being exchanged, money has not power unless it is being exchanged. It is not closed ended.. you see you buy a car, the guy who sells the car has money to buy a refrigerator the guy that buys a refrigerator has to have a physical so he has a Glucose, I do the glucose, my employer pays me, I buy a car, that guy that sold me the car buys a refrigerator, the Guy who sold the refrigerator needs a physical, that guy has a cholesterol.. I do the cholesterol.. .. and so on..all the same dollars. but used by many.

Last edited by TNVolunteer73; May 16th, 2018 at 03:40 AM.
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Old May 16th, 2018, 03:34 AM   #14
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Originally Posted by TNVolunteer73 View Post
No, you said Deficit, The Treasury recorded a surplus.

I guess you didn't get that advanced Technical Degree. Hell even a 3rd Grader understands the term SURPLUS.

So since you don't know the difference in a deficit and a surplus, you can run along now and go play with your Goober
I said a record First Quarter Deficit, which is what the Treasury said.
Record April Receipts, also what the Treasury said.
When you get to third grade, maybe you'll understand how those two can co-exist.
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Old May 16th, 2018, 03:41 AM   #15
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Originally Posted by TNVolunteer73 View Post
Drained the private Sector? hmmm.. so I guess the tax cut should have been Bigger like Trump First proposed.

Wait the Private Sector in April has Grown more than it has since 2007... hmmmm quite a quandary huh..

Private Sector has grown more than it has in 11 year in April.. But it Shrank the Private sector..

Me thinks we need more Shrinkage like that.

you see money is taxed when it changes hands. People purchased more cars, Truck, TVs, and other goods and service than we have seen since BEFORE yes BEFORE Obama took office.

Money is called Currency, because like Electricity if electrons are not being exchanged, money has not power unless it is being exchanged. It is not closed ended.. you see you buy a car, the guy who sells the car has money to buy a refrigerator the guy that buys a refrigerator has to have a physical so he has a Glucose, I do the glucose, my employer pays me, I buy a car, that guy that sold me the car buys a refrigerator, the Guy who sold the refrigerator needs a physical, that guy has a cholesterol.. I do the cholesterol.. .. and so on..all the same dollars. but used by many.


I figured you wouldn't get it. Oh well. I tried.
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Old May 16th, 2018, 04:07 AM   #16
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I figured you wouldn't get it. Oh well. I tried.

Strange Trump's economy has outpaced OBAMA'S.

Revenue collections are up.. those experts said it would lose revenue.

So explain why the reveue collections have out paced the Obama tax code collection.

hint"

G
R
O
W
T
H

2016 GDP 1.3%

What is the GDP Growth now?
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Old May 16th, 2018, 04:20 AM   #17
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Originally Posted by TNVolunteer73 View Post
Strange Trump's economy has outpaced OBAMA'S.

Revenue collections are up.. those experts said it would lose revenue.

So explain why the reveue collections have out paced the Obama tax code collection.

hint"

G
R
O
W
T
H

2016 GDP 1.3%

What is the GDP Growth now?
what happened is a series of predictable events.
Taxes get lowered, tax generating events get deferred to take advantage of the lower rates, higher activity in the first quarter, higher receipts in April.
That wasn't new activity, it was deferred activity.
It's not recurring activity, it's a one off.

There might be a little bounce after the tax cut, but the increase in debt will drag down the economy in the long run.
Higher oil prices will drag down the economy, the Putin payoff will cost America some growth.
The failure to pass infrastructure spending will cost some growth.

The world was in a sweet spot, where growth was everywhere, that doesn't last, at least it never has, and when, not if, when the world economy slides into recession, so will the US, and the deficit will explode.
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Old May 16th, 2018, 04:44 AM   #18
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Originally Posted by goober View Post
what happened is a series of predictable events.
Taxes get lowered, tax generating events get deferred to take advantage of the lower rates, higher activity in the first quarter, higher receipts in April.
That wasn't new activity, it was deferred activity.
It's not recurring activity, it's a one off.

There might be a little bounce after the tax cut, but the increase in debt will drag down the economy in the long run.
Higher oil prices will drag down the economy, the Putin payoff will cost America some growth.
The failure to pass infrastructure spending will cost some growth.

The world was in a sweet spot, where growth was everywhere, that doesn't last, at least it never has, and when, not if, when the world economy slides into recession, so will the US, and the deficit will explode.
Yep an Trump collects more revenue than Obama tax plan would have collected. Amazing isn't it.

Trump is Smarter than the Average Democrat, hell he is smarter than the Smart Democrats.

What happened to that 14 point lead in the polls the DIM-o-Crats held.
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Old May 16th, 2018, 04:53 AM   #19
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Quote:
Originally Posted by TNVolunteer73 View Post
Strange Trump's economy has outpaced OBAMA'S.

Revenue collections are up.. those experts said it would lose revenue.

So explain why the reveue collections have out paced the Obama tax code collection.

hint"

G
R
O
W
T
H

2016 GDP 1.3%

What is the GDP Growth now?

Obama's economy? You mean the one that was the worst recession since the depression 1930s? That economy? The economy Obama inherited from Dubya?

AND you want to compare and contrast THAT economy to the recovering economy that Trump inherited from Obama??
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Old May 16th, 2018, 04:57 AM   #20
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Originally Posted by Clara007 View Post
Obama's economy? You mean the one that was the worst recession since the depression 1930s? That economy? The economy Obama inherited from Dubya?

AND you want to compare and contrast THAT economy to the recovering economy that Trump inherited from Obama??
No the one that EXTENED the worst recession with the WORST RECOVERY IN HISTORY.

thanks for playing.

only ONE POTUS has served and NEVER EVER SAW 3% GDP GROWTH

HELL EVEN HOOVER HAD PERIODS OF 3% GDP GROWTH

Don't forget 2015 had worse growth than 2014 and 2016 had worse Growth than 2015..

Trump turned that all that around. the EXPERTS were predicting a NEW RECESSION in 2017, Trumps policies changed the course of the economy which was slowing.

Last edited by TNVolunteer73; May 16th, 2018 at 05:01 AM.
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