(02-08-2018 12:40 PM)GrayBeard Wrote:  

(02-08-2018 12:38 PM)Redwingtom Wrote:  

(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.

Not sure what April 15th has to do with anything. Any money brought back now would not be a part of 2017 taxes filed in April.

And FWIW - If the tax cut turns this around and starts increasing revenues and reducing the deficit, I'll gladly thank trump and say I was wrong.

Were you against Obama's deficit spending?

By the way, I have little faith that the Republican's in power in congress have any idea of how to reduce the deficit. I just want to enjoy my $$$ before the end comes.

First and foremost, spending is basically congress' baby not the president. I've never really been against deficit spending...especially when Obama started as money was dirt cheap to borrow and we were on the verge of a great depression.

If it were up to me, I'd either force congress to stop spending and/or increase taxes to balance the budget.