Two opposite stories on same day
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.
Comments
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How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
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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.
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That came from the article, not me. Read the link.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
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This is the treasury secretary. That Trump nominated.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
"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 -
Embarassing
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So? How does that apply to what I said?2001400ex said:
This is the treasury secretary. That Trump nominated.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
"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 -
Did I say it came from you? Jesus Christ. Fucking idiot.2001400ex said:
That came from the article, not me. Read the link.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
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On this we can all agree: so refreshing to disagree with White House officials without being charged as racist. Progress.2001400ex said:
This is the treasury secretary. That Trump nominated.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
"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 -
Just showing you where the comment comes from. Your conservative heros.MikeDamone said:
So? How does that apply to what I said?2001400ex said:
This is the treasury secretary. That Trump nominated.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
"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 -
*You're2001400ex said:
Just showing you where the comment comes from. Your conservative heros.MikeDamone said:
So? How does that apply to what I said?2001400ex said:
This is the treasury secretary. That Trump nominated.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
"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 -
* gyrosdnc said:
*You're2001400ex said:
Just showing you where the comment comes from. Your conservative heros.MikeDamone said:
So? How does that apply to what I said?2001400ex said:
This is the treasury secretary. That Trump nominated.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
"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 -
The Wall Street journal is a pretty centrist paper. It’s right of center for sure but it’s certainly not conservative.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. -
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.Edwin_Bambino said:
The Wall Street journal is a pretty centrist paper. It’s right of center for sure but it’s certainly not conservative.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. -
So you're angry they don't pimp Mao, Che, equal misery and death squads. Got it.2001400ex said:
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.Edwin_Bambino said:
The Wall Street journal is a pretty centrist paper. It’s right of center for sure but it’s certainly not conservative.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. -
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.
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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.
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You clearly don't get what my point was. I won't waste my time explaining it again.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. -
Duplicate
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So, no mea culpa?
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Sound economics isn’t conservative. HTH2001400ex said:
Just showing you where the comment comes from. Your conservative heros.MikeDamone said:
So? How does that apply to what I said?2001400ex said:
This is the treasury secretary. That Trump nominated.MikeDamone said:How I know someone doesn’t understand economics is when they ask how will tax cuts be “paid for”. Jesus man.
"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
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.”
