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It's Now Happening - Budget Deficit
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Redwingtom Offline
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Post: #1
It's Now Happening - Budget Deficit
Number had been decreasing for quite awhile. It's now currently increasing.

Muh tax cuts increase revenue...

http://www.usdebtclock.org/
(This post was last modified: 02-08-2018 11:10 AM by Redwingtom.)
02-08-2018 11:09 AM
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Bull_Is_Back Offline
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RE: It's Now Happening - Budget Deficit
Tell me... What's the revenue clock on that page saying?
02-08-2018 11:18 AM
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Redwingtom Offline
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RE: It's Now Happening - Budget Deficit
(02-08-2018 11:18 AM)Bull_Is_Back Wrote:  Tell me... What's the revenue clock on that page saying?

It says the government is taking in revenue. That's income taxes, payroll taxes, corporate tax, duties and excise taxes.

Do you need this explained further?
02-08-2018 12:28 PM
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UofMstateU Online
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RE: It's Now Happening - Budget Deficit
(02-08-2018 12:28 PM)Redwingtom Wrote:  
(02-08-2018 11:18 AM)Bull_Is_Back Wrote:  Tell me... What's the revenue clock on that page saying?

It says the government is taking in revenue. That's income taxes, payroll taxes, corporate tax, duties and excise taxes.

Do you need this explained further?

I'm not sure its wise to listen to someone about debt, revenue, and deficits when the person was completely clueless about what an insurance deductible is.
(This post was last modified: 02-08-2018 12:35 PM by UofMstateU.)
02-08-2018 12:30 PM
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GrayBeard Offline
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RE: It's Now Happening - Budget Deficit
You do realize that people and businesses have to receive the impact of the tax cuts before they can then put that $ to work and drive more revenue don't you?

You don't expect it to be magic, do you?
02-08-2018 12:31 PM
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Attackcoog Online
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RE: It's Now Happening - Budget Deficit
(02-08-2018 11:09 AM)Redwingtom Wrote:  Number had been decreasing for quite awhile. It's now currently increasing.

Muh tax cuts increase revenue...

http://www.usdebtclock.org/

Ehh. One big component is the repatriation of overseas money. Its not like the overseas revenue returning to the US has begun to hit. Thats going to be more of a lump sum thing that hits after April 15th. So, lets see how things look in a few months. My guess is thats certainly goin to make a difference this year and will be a smaller factor going forward. The real key is if ignites more economic growth which would increase regular revenue coming into the treasury.
(This post was last modified: 02-08-2018 12:34 PM by Attackcoog.)
02-08-2018 12:32 PM
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gdunn Offline
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RE: It's Now Happening - Budget Deficit
(02-08-2018 12:31 PM)GrayBeard Wrote:  You do realize that people and businesses have to receive the impact of the tax cuts before they can then put that $ to work and drive more revenue don't you?

You don't expect it to be magic, do you?

You serious Clark?

If it was anyone beisdes Trump and his team of Russian agents it'd happened the next day.
02-08-2018 12:32 PM
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Old Dominion Offline
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Post: #8
RE: It's Now Happening - Budget Deficit
Maybe we should wait and see if big corporations actually bring some of that off shore money home before we assume businesses will put it to work in the economy. So far it doesn't look like the majority of individuals will receive enough of an increase to make any real difference.
02-08-2018 12:35 PM
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UofMstateU Online
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RE: It's Now Happening - Budget Deficit
(02-08-2018 12:35 PM)Old Dominion Wrote:  Maybe we should wait and see if big corporations actually bring some of that off shore money home before we assume businesses will put it to work in the economy. So far it doesn't look like the majority of individuals will receive enough of an increase to make any real difference.

MUH CRUMBS!
02-08-2018 12:35 PM
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Old Dominion Offline
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RE: It's Now Happening - Budget Deficit
(02-08-2018 12:32 PM)Attackcoog Wrote:  
(02-08-2018 11:09 AM)Redwingtom Wrote:  Number had been decreasing for quite awhile. It's now currently increasing.

Muh tax cuts increase revenue...

http://www.usdebtclock.org/

Ehh. One big component is the repatriation of overseas money. Its not like the overseas revenue returning to the US has begun to hit. Thats going to be more of a lump sum thing that hits after April 15th. So, lets see how things look in a few months. My guess is thats certainly goin to make a difference this year and will be a smaller factor going forward. The real key is if ignites more economic growth which would increase regular revenue coming into the treasury.

Sorry Coog, you beat me to the post.
02-08-2018 12:36 PM
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