Two opposite stories on same day

2001400ex

So the wall Street journal, a conservative paper. Says government revenues are down.

https://www.marketwatch.com/story/us-government-revenue-drops-after-tax-cuts-2018-07-12

But investor business daily says revenues are up and tax cuts are paying for themselves.

https://www.investors.com/politics/editorials/income-tax-revenues-trump-tax-cuts-economic-growth/

Which is it???? But.... They do both agree on one thing. Total deficit is larger than the year before because fiscal conservatives are holding to their promise to cut spending. Not.

MikeDamone

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

Pitchfork51

2001400ex said:

So the wall Street journal, a conservative paper. Says government revenues are down.

https://www.marketwatch.com/story/us-government-revenue-drops-after-tax-cuts-2018-07-12

But investor business daily says revenues are up and tax cuts are paying for themselves.

https://www.investors.com/politics/editorials/income-tax-revenues-trump-tax-cuts-economic-growth/

Which is it???? But.... They do both agree on one thing. Total deficit is larger than the year before because fiscal conservatives are holding to their promise to cut spending. Not.

2001400ex

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

That came from the article, not me. Read the link.

2001400ex

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

This is the treasury secretary. That Trump nominated.

"The plan will pay for itself with growth," Mnuchin said at an event hosted by the Institute of International Finance.

https://www.washingtonpost.com/news/wonk/wp/2017/04/20/trumps-treasury-secretary-the-tax-cut-will-pay-for-itself/?utm_term=.a642a0d462d0

CuntWaffle

Embarassing

MikeDamone

2001400ex said:

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

This is the treasury secretary. That Trump nominated.

"The plan will pay for itself with growth," Mnuchin said at an event hosted by the Institute of International Finance.

https://www.washingtonpost.com/news/wonk/wp/2017/04/20/trumps-treasury-secretary-the-tax-cut-will-pay-for-itself/?utm_term=.a642a0d462d0

So? How does that apply to what I said?

MikeDamone

2001400ex said:

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

That came from the article, not me. Read the link.

Did I say it came from you? Jesus Christ. Fucking idiot.

GrundleStiltzkin

2001400ex said:

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

This is the treasury secretary. That Trump nominated.

"The plan will pay for itself with growth," Mnuchin said at an event hosted by the Institute of International Finance.

https://www.washingtonpost.com/news/wonk/wp/2017/04/20/trumps-treasury-secretary-the-tax-cut-will-pay-for-itself/?utm_term=.a642a0d462d0

On this we can all agree: so refreshing to disagree with White House officials without being charged as racist. Progress.

2001400ex

MikeDamone said:

2001400ex said:

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

This is the treasury secretary. That Trump nominated.

"The plan will pay for itself with growth," Mnuchin said at an event hosted by the Institute of International Finance.

https://www.washingtonpost.com/news/wonk/wp/2017/04/20/trumps-treasury-secretary-the-tax-cut-will-pay-for-itself/?utm_term=.a642a0d462d0

So? How does that apply to what I said?

Just showing you where the comment comes from. Your conservative heros.

dnc

2001400ex said:

MikeDamone said:

2001400ex said:

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

This is the treasury secretary. That Trump nominated.

"The plan will pay for itself with growth," Mnuchin said at an event hosted by the Institute of International Finance.

https://www.washingtonpost.com/news/wonk/wp/2017/04/20/trumps-treasury-secretary-the-tax-cut-will-pay-for-itself/?utm_term=.a642a0d462d0

So? How does that apply to what I said?

Just showing you where the comment comes from. Your conservative heros.

*You're

GrundleStiltzkin

dnc said:

2001400ex said:

MikeDamone said:

2001400ex said:

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

This is the treasury secretary. That Trump nominated.

"The plan will pay for itself with growth," Mnuchin said at an event hosted by the Institute of International Finance.

https://www.washingtonpost.com/news/wonk/wp/2017/04/20/trumps-treasury-secretary-the-tax-cut-will-pay-for-itself/?utm_term=.a642a0d462d0

So? How does that apply to what I said?

Just showing you where the comment comes from. Your conservative heros.

*You're

* gyros

Edwin_Bambino

2001400ex said:

So the wall Street journal, a conservative paper. Says government revenues are down.

https://www.marketwatch.com/story/us-government-revenue-drops-after-tax-cuts-2018-07-12

But investor business daily says revenues are up and tax cuts are paying for themselves.

https://www.investors.com/politics/editorials/income-tax-revenues-trump-tax-cuts-economic-growth/

Which is it???? But.... They do both agree on one thing. Total deficit is larger than the year before because fiscal conservatives are holding to their promise to cut spending. Not.

The Wall Street journal is a pretty centrist paper. It’s right of center for sure but it’s certainly not conservative.

2001400ex

Edwin_Bambino said:

2001400ex said:

So the wall Street journal, a conservative paper. Says government revenues are down.

https://www.marketwatch.com/story/us-government-revenue-drops-after-tax-cuts-2018-07-12

But investor business daily says revenues are up and tax cuts are paying for themselves.

https://www.investors.com/politics/editorials/income-tax-revenues-trump-tax-cuts-economic-growth/

Which is it???? But.... They do both agree on one thing. Total deficit is larger than the year before because fiscal conservatives are holding to their promise to cut spending. Not.

The Wall Street journal is a pretty centrist paper. It’s right of center for sure but it’s certainly not conservative.

Economically it's definitely conservative. They pimp trickle down and tax cuts. Granted they don't get into a lot of the political stuff being the wall Street journal.

Sledog

2001400ex said:

Edwin_Bambino said:

2001400ex said:

So the wall Street journal, a conservative paper. Says government revenues are down.

https://www.marketwatch.com/story/us-government-revenue-drops-after-tax-cuts-2018-07-12

But investor business daily says revenues are up and tax cuts are paying for themselves.

https://www.investors.com/politics/editorials/income-tax-revenues-trump-tax-cuts-economic-growth/

Which is it???? But.... They do both agree on one thing. Total deficit is larger than the year before because fiscal conservatives are holding to their promise to cut spending. Not.

The Wall Street journal is a pretty centrist paper. It’s right of center for sure but it’s certainly not conservative.

Economically it's definitely conservative. They pimp trickle down and tax cuts. Granted they don't get into a lot of the political stuff being the wall Street journal.

So you're angry they don't pimp Mao, Che, equal misery and death squads. Got it.

HoustonHusky

HondoFS...can't even read a 3 paragraph article.

From the WSJ article (after comparing only one month...June...saying it was down):
So far in the current fiscal year, which will end Sept. 30, total spending rose 4% compared with the same period a year earlier and total revenues rose 1%.


From the IBD article:
The latest monthly budget report from the nonpartisan Congressional Budget Office finds that revenues from federal income taxes were $76 billion higher in the first half of this year, compared with the first half of 2017. That's a 9% jump, even though the lower income tax withholding schedules went into effect in February.
The CBO says the gain "largely reflects increases in wages and salaries."

For the fiscal year as a whole — which started last October — all federal revenues are up by $31 billion. That's a 1.2% in increase over last year, the CBO says.

God you are a fucking moron.

Southerndawg

HoustonHusky said:

HondoFS...can't even read a 3 paragraph article.

From the WSJ article (after comparing only one month...June...saying it was down):
So far in the current fiscal year, which will end Sept. 30, total spending rose 4% compared with the same period a year earlier and total revenues rose 1%.


From the IBD article:
The latest monthly budget report from the nonpartisan Congressional Budget Office finds that revenues from federal income taxes were $76 billion higher in the first half of this year, compared with the first half of 2017. That's a 9% jump, even though the lower income tax withholding schedules went into effect in February.
The CBO says the gain "largely reflects increases in wages and salaries."

For the fiscal year as a whole — which started last October — all federal revenues are up by $31 billion. That's a 1.2% in increase over last year, the CBO says.

God you are a fucking moron.

2001400ex

HoustonHusky said:

HondoFS...can't even read a 3 paragraph article.

From the WSJ article (after comparing only one month...June...saying it was down):
So far in the current fiscal year, which will end Sept. 30, total spending rose 4% compared with the same period a year earlier and total revenues rose 1%.


From the IBD article:
The latest monthly budget report from the nonpartisan Congressional Budget Office finds that revenues from federal income taxes were $76 billion higher in the first half of this year, compared with the first half of 2017. That's a 9% jump, even though the lower income tax withholding schedules went into effect in February.
The CBO says the gain "largely reflects increases in wages and salaries."

For the fiscal year as a whole — which started last October — all federal revenues are up by $31 billion. That's a 1.2% in increase over last year, the CBO says.

God you are a fucking moron.

You clearly don't get what my point was. I won't waste my time explaining it again.

USMChawk

Duplicate

USMChawk

So, no mea culpa?

MikeDamone

2001400ex said:

MikeDamone said:

2001400ex said:

MikeDamone said:

How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.

This is the treasury secretary. That Trump nominated.

"The plan will pay for itself with growth," Mnuchin said at an event hosted by the Institute of International Finance.

https://www.washingtonpost.com/news/wonk/wp/2017/04/20/trumps-treasury-secretary-the-tax-cut-will-pay-for-itself/?utm_term=.a642a0d462d0

So? How does that apply to what I said?

Just showing you where the comment comes from. Your conservative heros.

Sound economics isn’t conservative. HTH

Describes Hondo perfectly:

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”