(08-02-2018, 02:19 PM)pirkster Wrote:

(08-02-2018, 01:57 PM)mikesez Wrote: The numbers quoted in the article are totally different from the numbers that I got directly from the government website.  Honest mistake over there at investor's business daily, I'm sure!

If you like to be wrong, you're doing a fine job of it.

https://www.wsj.com/articles/treasury-fe...1525976157

You can keep spinning like a ballerina, but it's abundantly clear when you objectively look at the numbers...

Runaway spending is going to plunge us into a financial death spiral if left unchecked.

There is no revenue issue whatsoever.

That article is just looking at April 2018 versus April 2017.  And it does get the numbers right.  But looking at just April obscures the effects of the tax cuts, which only apply to the 2018 tax year.  The bump in receipts in any April has to do with people who withheld too little in the previous year catching up.  It has to do with the rates in the previous year.  Looking at the first two quarters of 2018, or just the first quarter of 2018, or all of 2018 to date except April, gives a clearer picture. 
I don't mind being wrong, I'll admit it readily if proven so. 
Will you?

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