CNBC reports.
Meanwhile, WaPo explains "Why Wall Street is brushing off Trump’s escalating tariff threats/President Donald Trump’s escalating tariff threats have not deterred Wall Street, with the stock market continuing to rise despite trade policy uncertainty" (free access link): "Investors feel free to continue bidding up stock prices because they assume Trump will always back down from his most costly tariff plans, market analysts said. But the president views stocks’ steady rise as a license to intensify his trade threats, acting out the economic policy equivalent of his 2016 quip that he could 'stand in the middle of Fifth Avenue and shoot somebody' without paying a price."
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WaPo: "Who are you going to believe, us or your lying eyes (and surplus)?"
Trump does not “back down” - he just holds out for the deal he wanted in the first place. The WaPo simply cannot give him credit for anything.
Trump is tariffic. Onward and forward.
"Trump is tariffic"
Apparently we're to believe that we had a $200 billion dollar swing in the budget deficit because of $20 billion in tariffs.
We made a June payment in May because of a weekend. Thats what happened.
According to the department, the federal government’s surplus stems from the decision to accelerate some June payments for active military members, veterans benefits, Medicare payments and other outlays in May, given June 1 fell on a Sunday.
No one is covering this because a monthly surplus is meaningless when you're running a trillion-dollar-plus annual deficit. It's solely a function of randomness in the way revenue comes in and checks go out.
Quarterly estimated taxes paid June 15th on next year's return.
No one is covering this because a monthly surplus is meaningless when you're running a trillion-dollar-plus annual deficit.
Betcha if it had trended down you'd be singing a different tune.
It is interesting watching Rich not just be wrong and stupid, but depending on the same dishonest people who lied to him for support of his stupidity.
Rich is just a stupid gullible person.
Remember all the bitching Rich did about the deficit during the Biden Administration?
Yeah, me neither.
"With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion..."
And this is a bad thing because... ?
As the United States economy continues along the same path as Argentina and El Salvador one wonders if the stupid globalist tools like Rich will ever accept reality.
The working and middle class are already feeling the resurgence in the vast majority of the country. Tax receipts are already going up.
The Laffer curve is undefeated and mass deportations or exploited foreign labor are having a predictable effect on wages.
And inflation is predictably under control because the best things to do to lower inflation is to lower energy costs, reduce regulation, stop paying worthless government people to do nothing.
The next obstacle is the Fed as it is a dishonest political actor. Once Powell resigns in disgrace the last hurdle to the resurgence of the US economy will be crushed by the best president this country has had in a century.
"The working and middle class are already feeling the resurgence in the vast majority of the country."
Globalist tool all over the- well, globe- are opposed to anything that benefits these people.
Get outside tomorrow and watch the pigs fly and hell freeze over ...
So why did we need a $5.1 Trillion increase in the debt ceiling if the tariffs are going to generate massive surpluses every month?
From March thru June of 2025 the budget deficit dropped 57%, from $435.5 billion to $187 billion. Revenue increased $218.6 billion (11.5%) and expenses are down $32.7 billion (1.4%). During the same period, tariffs increased $55 billion, from $20 billion to $75 billion.
"So why did we need a $5.1 Trillion increase in the debt ceiling if the tariffs are going to generate massive surpluses every month?"
This ain't getting fixed overnight. Personally, I am pessimistic it is ever getting fixed, but your question is not in good faith.
…even though it certainly helps discount the implied causation…but newly minted economists deserve more ridicule than they’re receiving…
…give more weight to ‘Democrats are not in charge’
"This ain't getting fixed overnight."
Not if the Democrats have anything to say about it, that's for sure.
The one thing the Democrats must do at all cost is to make sure that Trump’s economic policy is not successful.
"The one thing the Democrats must do at all cost is to make sure that Trump’s economic policy is not successful."
Yeah. Such patriots.
“ Quarterly estimated taxes paid June 15th on next year's return.”
First June quarterly surplus in nine years.
But the president views stocks’ steady rise as a license to intensify his trade threats, acting out the economic policy equivalent of his 2016 quip that he could 'stand in the middle of Fifth Avenue and shoot somebody' without paying a price.
That’s a loaded analogy.
It's welcome news, and I don't begrudge the Trump administration for bragging about it.
As others have pointed out, it's a bit of a fluke, thanks largely to the calendar, as Kakistocracy pointed out.
Nonetheless, it would be great if Trump can figure out a way to have a few more months with surpluses.
Jalanl said...
So why did we need a $5.1 Trillion increase in the debt ceiling if the tariffs are going to generate massive surpluses every month?
Because it is going to take 10-20 years of 4-5% growth in the economy to get us out of 35 Trillion in debt.
Democrats do not care about the debt. Anything they say about this issue is bad faith because they are just amoral shitheads.
Republicans think they can cut medicare and social security. I am pretty sure they know this is electoral suicide and their goal is to get democrats elected. They are either traitors or they are fucking idiots.
Trump is the only politician in the country that seems to understand reality and that the only way out of our debt is economic growth.
As long as it's Rosie O'Donnell he's shooting.
Raising the debt ceiling now, in a reconciliation bill, means they don't have to compromise with Dem senators to get 60 votes to raise it in a couple of years, like right before midterms.
The annual deficit isn't going away until most Boomers have died. We're just too many and too expensive to the government. With luck, growth and tariffs will bring it under a trillion. Trump succeeds if the Debt/GDP ratio decreases significantly. That will lower borrowing costs and improve the govt's finances for the next Dem Congress to despoil.
You know that you're on to something when something that is 'good' is being detracted by the naysayers because it isn't 'good enough' for them.
'Mopery' is defined as a "Violation of an imaginary or trivial law." There is a second cousin to the charge of 'mopery', and it's called 'dopery'. Lots of it, here.
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