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Started By
Message
re: Tax revenues hit all time high for FY 2014
Posted on 8/15/14 at 1:24 pm to Powerman
Posted on 8/15/14 at 1:24 pm to Powerman
quote:Really? According to OMB the 2007 deficit was $167B... LINK
I don't like Obama. I like facts. Fact is the deficits now are lower than they were over a decade ago in terms of real dollars
1
Posted on 8/15/14 at 1:26 pm to Powerman
quote:
Powerman
You seem pretty happy about this deficit so you should be praising congress. They have the power of the purse.
Posted on 8/15/14 at 1:28 pm to Taxing Authority
A decade ago = 2004
And depending on where you get your info the data will vary slightly.
The point is a 460 billion dollar deficit is nothing historically large and not anything anyone cared about a decade ago.
And depending on where you get your info the data will vary slightly.
The point is a 460 billion dollar deficit is nothing historically large and not anything anyone cared about a decade ago.
Posted on 8/15/14 at 1:29 pm to Powerman
quote:
I like facts.
yet you began the OP with a falsehood.
Posted on 8/15/14 at 1:29 pm to GumboPot
quote:
You seem pretty happy about this deficit so you should be praising congress. They have the power of the purse.
Yes they do.
I'm just pointing out good news. But some people believe there is no such thing as good news during periods where they don't like the person in the oval office. THAT is what you call simpleton thinking. Reject all good news as bad because it happened during someone's presidential term regardless of whether the president had anything to do with it.
Posted on 8/15/14 at 1:30 pm to jcole4lsu
quote:
yet you began the OP with a falsehood.
Which is what exactly?
Posted on 8/15/14 at 1:34 pm to Powerman
quote:
Which is what exactly?
are you incapable of reading responses to your posts? ive posted it once, try and find it.
Posted on 8/15/14 at 1:35 pm to Powerman
quote:SO we have the Bush hit and now your douche move, same old Powerputz.
Now if you have any other extremely stupid fricking questions, please ask someone else.
Posted on 8/15/14 at 1:37 pm to Powerman
quote:
I'll be curious to see how this is spun as a bad thing.
So, we have the highest collection of tax revenues of ALL TIME, yet we are STILL running deficits that are nearly half a fricking TRILLION dollars.
Can Liberals finally admit that spending is fricking WAY out of control?
Posted on 8/15/14 at 1:39 pm to Powerman
quote:so the lower deficits between then and now aren't worthy of comparison. Just the 10 years ago value? That makes no sense.
A decade ago = 2004
quote:Neither is true. It was, at te time, the largest deficit in history. It was the largest deficit of the Bush administration. And plenty of people cared. Shall I post what Krugman said if the Bush deficits?
The point is a 460 billion dollar deficit is nothing historically large and not anything anyone cared about a decade ago.
Posted on 8/15/14 at 1:40 pm to stuntman
quote:
So, we have the highest collection of tax revenues of ALL TIME, yet we are STILL running deficits that are nearly half a fricking TRILLION dollars.
Can Liberals finally admit that spending is fricking WAY out of control?
The deficit is shrinking though. Do trends mean nothing to you?
Posted on 8/15/14 at 1:45 pm to Powerman
quote:
I don't like Obama. I like facts. Fact is the deficits now are lower than they were over a decade ago in terms of real dollars. That's a significant and very relevant number. And if the trend can continue downward that's a very good thing.
This would be Obama's best year, and the deficit would "only" be 460 Billion which is still higher than W's worst year.
2013 - $901 billion budget deficit (projected)
•2012 - $1.1 trillion budget deficit
•2011 - $1.3 trillion budget deficit
•2010 - $1.3 trillion budget deficit
•2009 - $1.4 trillion budget deficit
•2008 - $455 billion budget deficit
•2007 - $162 billion budget deficit
•2006 - $248.2 billion budget deficit
•2005 - $319 billion budget deficit
•2004 - $412.7 billion budget deficit
•2003 - $377.6 billion budget deficit
•2002 - $157.8 billion budget deficit
Posted on 8/15/14 at 1:47 pm to doubleb
quote:
This would be Obama's best year, and the deficit would "only" be 460 Billion which is still higher than W's worst year.
Where did you get those numbers from?
Posted on 8/15/14 at 1:50 pm to Powerman
quote:I must have missed it...
I'm just pointing out good news.
Posted on 8/15/14 at 1:51 pm to Powerman
Posted on 8/15/14 at 1:52 pm to Powerman
quote:Not when CBO predicts ever-rising deficits after 2017.
Do trends mean nothing to you?
Posted on 8/15/14 at 1:53 pm to Powerman
quote:I posted the OMB link above. It's the first link in the table.
Where did you get those numbers from?
Posted on 8/15/14 at 1:53 pm to doubleb
Interesting that I got different numbers from the same website 
Posted on 8/15/14 at 1:54 pm to Powerman
You're looking at trends differently than I do. The trend I see is a constant, massive growth of debt, which has major consequences.
This is how you're looking at it: 1) year one, I gain 50 lbs. Year two, I only put on 25 lbs. You would claim that I'm "moving in the right direction".
This is how you're looking at it: 1) year one, I gain 50 lbs. Year two, I only put on 25 lbs. You would claim that I'm "moving in the right direction".
Posted on 8/15/14 at 1:55 pm to Powerman
quote:
I thought that when rates go up revenues went down and vice versa?
The true Laffer or "Laugher" curve:
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