April set a national record for generating surplus

[spence]

Originally Posted by Jim in CT

That timing discrepancy happens every month, unless there was something unique about April 2018. If the timing of debits and credits wasn't unique for April 2018, then it says something that it set a record.

The timing doesn't happen every month. April is also tax month by the way.

I'm not saying there will be no deficit at the end of the year, of that things are all set. I'm saying that April 2018 set a record for generating surplus.

The economy is growing and every economist I've read said we would expect a short-term bump with the tax law dumping cash into corporations pockets. That being said, as an actuarial I'd think you would understand a single data point doesn't exactly a trend make. As your own article suggests we're still down for the year.

[scottw]

Originally Posted by spence

The economy is growing and every economist I've read said ...

right..the same economists that said Trump would crash the stock market and destroy the planet

[Jim in CT]

Originally Posted by scottw

right..the same economists that said Trump would crash the stock market and destroy the planet

Paul krugman said the us economy would never survive a trump presidency. And people still listen to him.
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[RIROCKHOUND]

Originally Posted by Jim in CT

Paul krugman said the us economy would never survive a trump presidency. And people still listen to him.
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To be fair, his first term isn’t even halfway over yet....
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[Jim in CT]

Originally Posted by RIROCKHOUND

To be fair, his first term isn’t even halfway over yet....
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That's true, and I'm not saying he's going to be a good POTUS. But what evidence is there, that the US economy won't survive hos presidency?

[Pete F.]

Originally Posted by Jim in CT

That's true, and I'm not saying he's going to be a good POTUS. But what evidence is there, that the US economy won't survive hos presidency?

I think the economy will survive better than his presidency.
Pay to play, drain the swamp and lock them up
Funny how the things people complain about the most are the ones they do.
Many politicians are honest and great - but some are knowingly dishonest and basic scum. They should be weeded out!

[Jim in CT]

Originally Posted by Pete F.

I think the economy will survive better than his presidency.
Pay to play, drain the swamp and lock them up
Funny how the things people complain about the most are the ones they do.
Many politicians are honest and great - but some are knowingly dishonest and basic scum. They should be weeded out!

"Pay to play, drain the swamp and lock them up"

If you think that sums up his presidency so far, well you are cherry-picking for political reasons. There were plenty of things Obama did that I hated, there were some things he did great (he helped the economy recover, killed the Somali pirates, helped keep alive the programs that led to Bin Ladens death).

You left out some things that Trump did...he appointed a superb (from the conservative view) Supreme Court justice, he put a little more money in most of our pockets, he made every corporation in the country (I think) more profitable by lowering the corporate tax rate), unemployment continues to drop, the stock market continues to rise, and he seems to have fatty over in North Korea taking notice, as he let the 3 hostages go. Aren't those all good things? Why can't you say that out loud?

It would be nice if we could give presidents credit where it's due, and criticism where it's due. This guy deserves a whole lot of criticism, much of his personal behavior is indefensible. But his policies are helping the economy, at least for now.

[Jim in CT]

Originally Posted by spence

The timing doesn't happen every month. April is also tax month by the way.


The economy is growing and every economist I've read said we would expect a short-term bump with the tax law dumping cash into corporations pockets. That being said, as an actuarial I'd think you would understand a single data point doesn't exactly a trend make. As your own article suggests we're still down for the year.

Yes April is tax month. I believe April was tax month during the 8 obama years too. But this past April generated more surplus. How come?
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[spence]

Originally Posted by Jim in CT

Yes April is tax month. I believe April was tax month during the 8 obama years too. But this past April generated more surplus. How come?
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Because of the reasons stated in the article you linked to.

I'd note that in March we spent twice as much as we took in. The country isn't run on a monthly budget Jim.

[Jim in CT]

Originally Posted by spence

Because of the reasons stated in the article you linked to.

I'd note that in March we spent twice as much as we took in. The country isn't run on a monthly budget Jim.

I am aware a month is one point, not likely of much significance. I wonder if you'd say the same thing if Ma Barker was in the White House.