Great post, but I wonder...I do not see where tariffs are added in, and most of the outlays column does not seem to include the 250 year old social security recipients that are fictional and eliminated or the huge number of federal employee terminated, or money not being given to terrorists, etc.
I think your 200B is WAY short, but it going to be GREAT!!!
This is before Tariffs started kicking in. As for cuts in fraud etc, it wont actually show up as a column. It would simply reduce the relevant expenses and contribute to the surplus.
If you are interested you should download the numbers from Treasury and dig into it, bu comparing to the the numbers last year and figure out what expenses decreased and what income increased etc.
Presumably Net Interest covers the debt servicing. I guess we take out debt still, as the interest payment was higher than defense to my understanding... so making it net interest is only the amount of interest with new debt subtracted.
Do tariffs go into customs duties?
Also the formatting of this chart is crappy for the point he's trying to make - he should have scaled the items to be the same size per dollar to make it more apparent how large of a surplus this actually is.
More than 1/3 of revenue is not being spent- that's huge! As in the expenditures are only 63.6% of the income, and 35.4% is surplus!
I was gonna say that in my reply, but I was not sure if thats the case. It could also be excise taxes. But the amount of both is quite small.
More than 1/3 of revenue is not being spent- that's huge! As in the expenditures are only 63.6% of the income, and 35.4% is surplus!
You are right, the graph is crappy. I didn't even pay attention that the surplus is > 1/3 the revenues. I just assumed it was a small percentage by looking at the picture.
I would guess customs/duties is the tariffs as last I had dug into them they were bringing in ~$30 billion a month (with wildly varying theories as to where that # would ultimately land).
Great post, but I wonder...I do not see where tariffs are added in, and most of the outlays column does not seem to include the 250 year old social security recipients that are fictional and eliminated or the huge number of federal employee terminated, or money not being given to terrorists, etc. I think your 200B is WAY short, but it going to be GREAT!!!
This is before Tariffs started kicking in. As for cuts in fraud etc, it wont actually show up as a column. It would simply reduce the relevant expenses and contribute to the surplus.
If you are interested you should download the numbers from Treasury and dig into it, bu comparing to the the numbers last year and figure out what expenses decreased and what income increased etc.
Presumably Net Interest covers the debt servicing. I guess we take out debt still, as the interest payment was higher than defense to my understanding... so making it net interest is only the amount of interest with new debt subtracted.
Do tariffs go into customs duties?
Also the formatting of this chart is crappy for the point he's trying to make - he should have scaled the items to be the same size per dollar to make it more apparent how large of a surplus this actually is.
More than 1/3 of revenue is not being spent- that's huge! As in the expenditures are only 63.6% of the income, and 35.4% is surplus!
I was gonna say that in my reply, but I was not sure if thats the case. It could also be excise taxes. But the amount of both is quite small.
You are right, the graph is crappy. I didn't even pay attention that the surplus is > 1/3 the revenues. I just assumed it was a small percentage by looking at the picture.
Here is the original document:
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0925.pdf
And future statements are published here:
https://www.fiscal.treasury.gov/reports-statements/mts/current.html
If you look at the historical statements it's wild how often we do have surpluses though. So this is not as unusual as I expected...
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf
I would guess customs/duties is the tariffs as last I had dug into them they were bringing in ~$30 billion a month (with wildly varying theories as to where that # would ultimately land).