RUSH: “Feds Collect Record Taxes in First Month Under Tax Cuts.” When I saw this, I wondered how many people are gonna say, “Rush was right.” I wonder how many people are gonna say, “Rush told us this was gonna happen.” I wonder how many people are gonna remember for the last 30 years, “Yep. This is exactly what works every time it’s tried. Rush told us.” Quote:
“The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released [Monday]. January was the first month under the new tax law that President Donald Trump signed in December. During January, the Treasury collected approximately [Are you ready for this?] a$361,038,000,000 in total tax revenues…” So let’s round it off: $361 billion. They spent $312 billion. They ran a surplus of $49 billion, in the first month!
There’s already more revenue coming into the Treasury than anybody at the CBO or the Democrat Party or any K Street think tank projected. All they talked about was deficits. All they said was the Trump tax cut’s gonna blow the budget sky-high and create massive deficits. In one month! “Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018.” Okay. Fine. But since when did we have even a monthly surplus with Obama — or, as the British say, “Obamber.”
Ever notice that? With the Brits, there’s always an R at the end of his name. Obamber. I don’t know. I can’t quite imitate it. You pay attention, you’ll see it. So, my friends, “[t]he $361,038,000,000 in total taxes the Treasury collected this January was $11,747,870,000 more than the $349,290,130,000 that the Treasury collected in January of last year… So far in fiscal 2018, the federal government has collected a record [Are you ready for this?] $1,130,550,000,000 in total taxes.” That’s since October 1st, a record amount of revenue. But in January, a surplus.
So when they report Obama’s $4.1 trillion budget, they highlight all the things that Obama’s gonna fix. He’s gonna end terrorism — he didn’t, did he? — and global warming. With Trump, “Sends Congress $4.4 trillion spending plan that features soaring deficits.”
And let’s go back one more year. Obama’s budget presented February 2nd, 2015. The AP tweet: “Breaking news. Obama sends $4 trillion spending plan to Congress, pledging help for the middle class.” These people, folks, I tell you are just incorrigible.
Related Links