Drudge Retort: The Other Side of the News
Sunday, March 24, 2019

In December 2017, President Donald Trump signed a massive tax cut for corporations and the wealthy, calling it his "big, beautiful Christmas present" for the American people. While his Treasury Department predicted the cuts would pay for themselves through growth and Trump himself repeatedly promised to eliminate the deficit entirely, the latest budget numbers show these claims were flat-out wrong.



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"According to a Bloomberg report on Friday, the monthly budget deficit for February was $234 billion -- the largest in American history. A year ago, February's gap was a mere $215.2 billion. A significant part of this gap came from declining revenue, especially from corporations.

The $544.2 billion deficit over the first five months of this fiscal year marks nearly a 40 percent increase from over a year ago. And the national debt, which stands at more than $22 trillion -- another all-time record -- is over $2 trillion higher than it was when Trump took office."


#1 | Posted by Corky at 2019-03-22 11:49 PM | Reply

thread already up


Mattress already saying that "Deficits Don't Matter!".

The little shill.

#2 | Posted by Corky at 2019-03-23 12:12 AM | Reply | Funny: 1

if the money isn't in the consumer's pockets then it won't be spent. Billionaires already have every luxury they want, their spending won't increase because of tax cuts. Believing that tax cuts for the rich actually stimulate an economy is just stupid. We've done this over and over with same results. Don't buy a house today, wait a year or maybe two and get it for 1/3 of its value today.

#3 | Posted by danni at 2019-03-23 06:03 AM | Reply | Newsworthy 3

See? Tax cuts pay for themselves!

- Cancervatives.

#4 | Posted by Nixon at 2019-03-23 07:43 AM | Reply

the latest budget numbers show these claims were flat-out wrong.

We knew they were going to be flat out wrong. Anybody who isn't an idiot knew this was gonna be another wealth extraction scheme and nothing more.

Media needs to stop treating this topic as if there was ever a shot of it working out as claimed or even at all. There is no, zero, none, zip surprise in the outcome.

Why? Because this isn't a new game. It's working exactly as it worked the last time they tried it. Which is the same as the time before that.

Politicians and business leaders who push this are simply greedy liars who know they're fleecing the public. Voters who still go along with it are simply idiots.

#5 | Posted by jpw at 2019-03-24 10:50 AM | Reply | Newsworthy 4

My taxes have gone through the roof because so many itemizations have been eliminated. It is only a tax cut for the superrich.

#6 | Posted by bayviking at 2019-03-24 05:09 PM | Reply

Just wait until Trumps Fed nominee, well-known moron Stephen Moore, testifies before the Senate. For those of you will will be at work, here are the highlights:
-"President Trump is the greatest leader in the history of the world"
-"Deficits don't matter"
-"The Fed is holding back the economy; I'll be working to dismantle the Fed"
-"Consumers have gotten a great windfall and they are not spending enough"
-" 1+1 does equal 4 in the president's economic plan"
-"China is bad for the US, and that's why we want to work with them"
-" There is too much regulation in our economy--take, for example, the regulations needed to get a new airplane or pain medication onto the market..."

#7 | Posted by catdog at 2019-03-25 09:31 AM | Reply

These articles got old during Obama's years, they aren't any newer today. Or when W was in office. Or when Clinton was in office...although at least during Clinton's years there was something new to talk about, like our interest payments significantly increasing because he paid off private debt with public debt, which just caused us to have to pay more interest to our lien holders instead of ourselves.

It's obvious we can't count on the media to actually stop their partisan hate warfare and instead focus on impartial trending and pertinent questions.

#8 | Posted by humtake at 2019-03-25 12:03 PM | Reply | Funny: 1 | Newsworthy 1

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