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Federal deficit estimated at 984 Billion, highest in seven years
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stinkfist Online
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RE: Federal deficit estimated at 984 Billion, highest in seven years
(10-08-2019 01:17 PM)UofMstateU Wrote:  
(10-08-2019 01:13 PM)Marc Mensa Wrote:  
(10-08-2019 05:20 AM)Owl 69/70/75 Wrote:  Most of that was built into the Obama budgets. Look at the CBO projections of January 2017, made before Trump took office and not incorporating any Trump proposals. I'm not excusing Trump. He said he was going to balance the budget and he hasn't. But this is the mostly Obama with a bit of Trump added on deficit.

BS

The recent spike in deficits is due to decreases in revenues. Revenues came in at 16.5% of GDP in 2018. When President Obama left office, they were back up to 18% after being as low as 14.5%. Spending was at 20.8 when Obama left office and its now at 20.3%. These deficit spikes are due to a cut in revenues, not a spike in spending.

https://www.cbo.gov/system/files/2019-05...tdata.xlsx

REVENUES ARE NOT MEASURED AS A PERCENT OF ANYTHING. REVENUE IS ACTUAL MONEY COMING INTO THE TREASURY. ONLY A COMPLETE ASSHAT JACKOFF BELIEVES OTHERWISE. DONT BE THE JACKOFF.

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10-08-2019 04:19 PM
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RE: Federal deficit estimated at 984 Billion, highest in seven years - stinkfist - 10-08-2019 04:19 PM



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