Chocura750

Inflation has reached a six year high and the deficit for May was well over that of May, 2017. I'm willing to bet both will increase again next month. Check back the eighth business day of July for figures for June. Trump has really messed up on this.

Wolf counselor Loc: Heart of Texas

JRumeryjr

I'll bet none of his 'cronies' have felt any of it!

silvereagle

Bulls**t,inflation reared it's ugly head from the last Bush year.A gd candy bar $1.34.Thats bulls**t.Bread $2.68 a gd loaf.

JFlorio Loc: Seminole Florida

Such BS. QE under obama ballooned the deficit much more than tax cuts. Never a word from you and your ilk then. Also the Fed has kept interest rates artificially low especially under obama. Inflation was virtually unchanged from last quarter. All you trolls do is lie. Then your i***t lemming followers jump on the bandwagon because it’s what they pray for.

JFlorio Loc: Seminole Florida

Try getting some education. Probably can’t but try.

https://inflationdata.com/inflation/inflation_rate/currentinflation.asp?reloaded=true

BigMike Loc: yerington nv

Ya...we all kinda knew that. Let's see if revenues increase as Trump thinks they will.

JFlorio Loc: Seminole Florida

All tax cuts cause deficits to rise in the short term. However; if they spur the economy then revenues to the govt rise. It’s not partisan. It’s math. How’s come when the economy heated up these lefty loons said it was Obama’s economy but the inflation from the same economy is Trumps fault?

ldsuttonjr Loc: ShangriLa

chocura750: As predicted your mouth has gotten you into trouble with the T***h! You seem to pray that this Country fails under Trump's leadership?

BigMike Loc: yerington nv

That's why I said we all sorta knew that. Economics 101.

Some folks seem to think this was unexpected and it's huge news.

EmilyD

And if it's not what you predict? Then what. You really messed up?

EmilyD

Inflation is good for people who want to look at life here in America as affordable. Laugh at that, but consider that since Trump hs been influencing our economy, we now have a few more bucks in our pockets. I like that. In my case, my son got a bonus of $1,200 and a pay raise of 5%. There hasn't been a pay raise in that bracket for at least 10 years, that I can remember. That's not crumbs to us.

Chocura750

Inflation in many cities is well over three %, so the crumbs from that 5% pay raise are pretty much out the window. Trump himself and your son's employer got a 30% tax cut so if we could review their tax returns we would probably find they are doing OK. A lot of the lower income people who v**ed for him are going to be crushed. Of course Trump and his rich supporters will get richer and richer.

As any economist will tell you, running a deficit when the unemployment rate is 10.5% and 500,000 people a month are losing their jobs ( 2009 ) is smart; running a deficit when the unemployment rate is 3.8% and there are more job openings than unemployed ( 2018 ) is stupid.

There is supposed to be a short term increase in tax revenues after a tax cut because people sell property to take advantage of the lower rate on capital gains which increase the capital gain taxes payable, but the boost goes away quickly. After the initial Reagan tax cut in 1981, Reagan raised taxes three times in the 80s to avoid catastrophic deficits. Any increased revenue won't do much for the deficit in 2018, since the the hypocritical Republicans increased spending by a trillion dollars.

Trump will have to propose tax increases in a year or so to avoid disasterist deficits, unless he cuts social security, Medicare, medicaid, government pensions and military spending. He can't cut the amount of interest payable on the national debt, both of which will be getting bigger and bigger, especially if The Federal Reserve Bank raises interest rates to curb inflation.

The future budgetary disaster is baked into the cake. Trump and the Republicans have lit a fuse to a bomb which will destroy this country. You can watch it in slow motion. Sad. Very sad.

boatbob2

lets talk about inflation,I remember,when WE could buy the nicest Ford pickup,for less than $3,000.00,now it costs $65,000.00.of course,a lot of that price,is due to labor unions.

JFlorio Loc: Seminole Florida

You of course have no idea what you are talking about. Social Security is it's own fund.