/biz/ - Business & Finance

>>22400136
>Why do you keep talking about receipts? Look man, imagine if the government spent 100 trillion in one year. When the government spends on things, that's income for people, businesses, etc. so maybe 20-40 trillion of that would go into revenue. It has nothing to do with the tax cuts. Its just government printing money, and you thinking "Huurrr digits go up tax cuts pay for themselves."

oh my god, you not only don't know how government works, you don't know how MONEY works

>No, Trump blew out the deficit

No, he didn't. What Trump did INCREASED federal revenue.

>If Trump blew up spending the same amount, but without the tax cuts, then revenue would be even higher. That's why your comparison of federal revenue is just wrong.

Oh Lord. Trump does not control spending. CONGRESS does. That is how the government works. It is Congress that increased the spending, massively, which was the cause of 100% of the deficits. So, Trump increased federal revenue a bit, which we both agree, and then Congress massively increased spending, far far more than the increase of revenue = deficits.

So, who caused the deficits?

>The tax cuts got us nothing, maybe goosed it for quarter at best, while costing trillions over the long term.

I'll try to explain this as simply as I can. "Growth compared to last quarter" is a way to produce a flat-looking chart, when in reality GDP is this pic. As an example, if GDP growth was 2.5% in Q1, and then 3.5% in Q2, and then 4.5% in Q3, "growth compared to last quarter" would show 2.5% in Q1, then 1% for Q2 (1% better than last quarter!) and 1% in Q3 (1% better than last quarter!), even though in real life the economy is taking off like a rocket. Whoever you're reading cooked that graph. But the actual numbers don't lie.

You are being lied to. CBO doesn't lie. Tax revenues are up since the tax cuts.