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According to your link the big picture is still dismal.
And while all of that is a good start, and certainly a big improvement in the US fiscal picture in the first three months of Trump's regime, the big picture sadly remains a dismal one, largely because the US debt picture remains completely unsustainable and manifests itself in $1.2 trillion in gross interest expense per year, just $300 billion shy of the biggest spending category of them all: Social Security Spending.
"They're powerful numbers — up 0.6% in January, up 0.7% in February, up 0.5% last month, up 0.8% this month. This is a GREAT four-month start to any year."
Emphasis for the fools that don't understand how the internet works.
Another quote overlooked from the OP's source (emphasis mine):
"To be sure, while US surpluses are few and far between, the one time of the year when they can (occasionally) be seen, is in April, when a surge in tax income offsets the now chronic government bloat and spending. This April was just that, and while the US did spend a hefty $592 billion in April (slightly more than the $528 billion in March, and more than the $567 billion spent a year ago) of which very ominously more than $100 billion was gross interest on the record US debt (which at this moment is about $37 trillion) for the second month in a row..."
And we are going to add much more debt soon. Another Trump Effect!
Wow!! We found the one leftie that cares about the national debt!! Are you willing to start cutting spending to achieve a lower debt?
I am on the left and I care about the national debt. But no one on the right wants to listen to my solution. We need to raise revenues significantly through a series of tax increases.
If we want to see a budget surplus we must raise revenues and not just cut spending. And those taxes should not be in the form of tariffs.
I am on the left and I care about the national debt. But no one on the right wants to listen to my solution. We need to raise revenues significantly through a series of tax increases.
If we want to see a budget surplus we must raise revenues and not just cut spending. And those taxes should not be in the form of tariffs.
Your solution is totally wrong. As long as the economy grows and tax rates are frozen revenue will increase.
Your solution is totally wrong. As long as the economy grows and tax rates are frozen revenue will increase.
The problem is TOO MUCH SPENDING
The problem is both. Take your head out of the sand. We’ve run a deficit for so long that the only way to get out of our situation is to raise revenues to at least 20% of GDP while cutting spending by at least 10%. And then do this for the next decade.
The problem is both. Take your head out of the sand. We’ve run a deficit for so long that the only way to get out of our situation is to raise revenues to at least 20% of GDP while cutting spending by at least 10%. And then do this for the next decade.
My head is in perfect sunshine. Yours is no where close to reality. Revenue has increased into the U.S. Treasury for every year in the last 40 years. The only time the budget was balanced was when actual spending was decreased thanks to Newt Gingrich and Bill Clinton listening to the voters who put Newt's contract with America in place that REDUCED SPENDING.
Trump effect
