Surplus

The Democrats and their trained hamsters in the media predicted disaster when the Trump administration proposed major tax reform. They told us, as I recall, that the middle class would not see any increase in pay and that tax reform would only benefit the rich. They told us that companies would bank the money they saved on taxes, not hire, not expand, and that "trickle down" economics didn't work. They also told us that (and this is laughable given their profligate deficit spending during the Obama years), that the debt would grow without bound because taxes would reduce revenue for the federal government.

Turns out that the Dems and the hamsters were wrong on every, single point. Every one.

Stephen Dinan reports an interesting event that went largely unreported (after all, what's more important, our country or an aging porn star with a story) by the main stream media:

The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.

All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.

CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

“Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” the analysts said in their monthly budget review. “Part of the strength in receipts also may reflect larger-than-anticipated payments for economic activity in 2018. The reasons for the added revenues will be better understood as more detailed information becomes available later this year.”

Gosh, seems like we're seeing a lot of "best since the early 2000s" economic records in recent weeks. It's gotta be a fluke. After all, the monster Trump is bad for the country, bad for people of color, bad for ... and besides, the Dems and the hamsters couldn't possibly be wrong, could they?