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Federal Budget Deficit Projected to Soar to Over $1 Trillion in 2020

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  • #11
    Originally posted by 1bad65 View Post
    Revenue went UP after the tax cuts.

    Try again.
    U.S. government posts $209 billion deficit in March

    The U.S. government ran a $209 billion budget deficit in March as outlays grew and receipts fell, the Treasury Department said on Wednesday.

    That compared with a budget deficit of $176 billion in the same month last year, according to Treasury's monthly budget statement.

    When accounting for calendar adjustments, the deficit last month was $165 billion compared with an adjusted deficit of $134 billion in the same month in the prior year.

    The deficit for the fiscal year, which began in October, was $600 billion, compared to a deficit of $527 billion in the same period of fiscal 2017.

    Unadjusted receipts last month totaled $211 billion, down 3 percent from March 2017, while unadjusted outlays grew to $420 billion, up 7 percent from the same month a year earlier.
    https://mobile.reuters.com/article/amp/idUSKBN1HI2WN

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    • #12
      Originally posted by Motorcity Cobra View Post
      U.S. government posts $209 billion deficit in March



      https://mobile.reuters.com/article/amp/idUSKBN1HI2WN
      Yes, that proves my point that revenues are up.

      Thank you.

      Keep going, please.....

      Comment


      • #13
        Originally posted by Phenom View Post
        What Revenue? Definitely not the federal governments
        Yes, Federal revenue.

        Read MCC's link. It says it.

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        • #14
          Originally posted by 1bad65 View Post
          Yes, Federal revenue.

          Read MCC's link. It says it.
          U.S. Budget Deficit Widens on Lower Revenue, Higher Spending

          https://www.wsj.com/amp/articles/tre...ier-1523469804

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          • #15
            Originally posted by 1bad65 View Post
            Yes, that proves my point that revenues are up.

            Thank you.

            Keep going, please.....
            That link said receipts are down.

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            • #16
              SoBad needs to keep up

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              • #17
                Originally posted by Motorcity Cobra View Post
                That link said receipts are down.
                Down from last month, yes.

                But up 7% from the same month a year earlier (and which was before the tax cuts, fyi).

                Come on guys, try and keep up here.

                It's y'alls citation. At least read and understand it.

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                • #18
                  Originally posted by 1bad65 View Post
                  Down from last month, yes.

                  But up 7% from the same month a year earlier (and which was before the tax cuts, fyi).

                  Come on guys, try and keep up here.

                  It's y'alls citation. At least read and understand it.
                  No. It's down 3% from lastv year

                  Unadjusted receipts last month totaled $211 billion, down 3 percent from March 2017

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                  • #19
                    Originally posted by Motorcity Cobra View Post
                    No. It's down 3% from lastv year

                    Unadjusted receipts last month totaled $211 billion, down 3 percent from March 2017
                    So revenue is down 3%, correct?

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