Supply-Side Economics

[whell]

Originally Posted by finnbow

The federal government recorded a budget deficit of $215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begin to surface.

The Treasury Department said Monday that the February deficit was 12.1 percent higher than a year ago, reflecting in part a drop of $5 billion in individual withholding taxes paid last month compared to a year ago. In February, employers started using tax tables that withheld less from paychecks based on the new law.

For the first five months of this budget year, the deficit totals $391 billion, an increase of 11.5 percent from the same period a year ago. President Donald Trump's new budget projects this year's deficit will hit $873 billion, up a sharp 31.3 percent from last year's imbalance of $665.8 billion.

http://abcnews.go.com/Business/wireS...ruary-53690903

Surprise, surprise. I'm waiting for Whell to shriek "fake news!"

Last month it was a surplus. This month its a deficit. I thought a single data point was "anecdotal" to you? Hell, you started bitching at me for my lack of knowledge regarding economics and statistics for daring to post about "anecdotal" evidence.

You crack me up, Finn.