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U.S. Shows $177.7 Billion Budget Surplus in April
MarketWatch ^
| May 10, 2007
| Greg Robb
Posted on 05/10/2007 3:33:57 PM PDT by enough_idiocy
Strong growth in tax receipts pushed the federal budget surplus to $177.7 billion in April, the Treasury Department said Thursday. It is the second highest monthly surplus on record, with April 2001 still holding the record at nearly $190 billion. The surplus is slightly higher than the $176 billion forecast by the Congressional Budget Office last week. It is much higher than the $118.8 billion surplus recorded in April 2006. For the fiscal year so far, the deficit is $80.8 billion, down more than 50% from the $184.1 billion deficit at this time last year. April is the strongest month for tax revenue as federal income taxes are due. The CBO said the deficit for the fiscal year, which ends in September, would likely be between $150 and $200 billion. The deficit was $248 billion last year.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: bush; deficit; economy; taxcuts
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Deficit decreasing faster than Bush promised.
Sure to be underreported in the MSM.
To: enough_idiocy
You got it - The MSM live in a constant state of lies and spin...
And of course the WH PR staff will find no creative and informative way to get this message out either...
To: enough_idiocy
3
posted on
05/10/2007 3:35:56 PM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: mylife
4
posted on
05/10/2007 3:39:00 PM PDT
by
Incorrigible
(If I lead, follow me; If I pause, push me; If I retreat, kill me.)
To: enough_idiocy
Looks like the deficit will be under $150 billion to me. President Bush needs to submit a BALANCED BUDGET, and THIS YEAR. He can do it by finding only about $100 billion in cuts.
5
posted on
05/10/2007 3:41:56 PM PDT
by
dangus
To: dangus
... and ALL Republican candidates would be absolutely fool-hardy not to promise balanced budgets on their desk in their first day in office.
6
posted on
05/10/2007 3:43:23 PM PDT
by
dangus
To: enough_idiocy
Tax Cuts Work and will never be reported by PravdABDNC.
Pray for W and Our Troops
7
posted on
05/10/2007 3:45:49 PM PDT
by
bray
(The Surge is Working against both Enemies of America)
To: dangus
When is the Pres to submit his Budget?
8
posted on
05/10/2007 3:50:23 PM PDT
by
RightWhale
(Repeal the Treaty)
To: enough_idiocy
worst, economy, ever. /s
Now if they would just cut some spending
9
posted on
05/10/2007 3:50:41 PM PDT
by
Squidpup
("Fight the Good Fight")
To: enough_idiocy
Obviously this is do to all the effective legislation passed by the Democrat Congress and signed into law by President Bush.
10
posted on
05/10/2007 3:53:49 PM PDT
by
elizabetty
("Al Gore doesn't need to reduce his carbon footprint, he needs to reduce his carbs!" Mitt Romney)
To: enough_idiocy
I see they cashed my income tax check.
11
posted on
05/10/2007 3:57:04 PM PDT
by
OK
To: enough_idiocy
How can this be with the “evil” Bush tax cuts for the rich in place?
12
posted on
05/10/2007 4:00:58 PM PDT
by
Ingtar
(...right wing conservatives are growing tired of crawling on bloody stumps looking for scraps - JRob)
To: enough_idiocy
But...but...but...this can’t be! Keith Olberman says so!
13
posted on
05/10/2007 4:02:50 PM PDT
by
DesScorp
To: OK
Ok ... ok... look, I’m pro-tax cut and very aware of the MSM bias...
but isn’t the fact that all of those income tax checks (like MINE, and OKs, and probably yours too, generic fellow FReeper) just got cashed kinda explain why the coffers appear full right now?
I agree the economy is/has been a powerhouse, but I fear that we are setting ourselves up for an easy knockdown if we brag indiscreetly.
14
posted on
05/10/2007 5:23:31 PM PDT
by
WireAndWood
(I may have a short attention span but)
To: enough_idiocy
“Deficit decreasing faster than Bush promised.”
The additional trillions in debt added since 2000 are still there.
15
posted on
05/10/2007 5:50:23 PM PDT
by
FredHunter08
(Guiliani! Come and Take Them!)
To: enough_idiocy
Deficit decreasing faster than Bush promised.Shhhhhhhhhh!!!!
Someone might hear you!
16
posted on
05/10/2007 5:53:37 PM PDT
by
PISANO
To: enough_idiocy
“Deficit decreasing faster than Bush promised.”
Another example of how “Bush lied”. /sarc off
17
posted on
05/10/2007 5:55:21 PM PDT
by
FMBass
("Now that I'm sober I watch a lot of news"- Garofalo from Coulter's "Treason")
To: FredHunter08
The additional trillions in debt added since 2000 are still there So, you'd prefer the deficit to increase?
18
posted on
05/10/2007 6:05:07 PM PDT
by
Tennessean4Bush
(An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
To: Tennessean4Bush
“So, you’d prefer the deficit to increase?”
No, but a short-term “surplus” that’ll be immediately spent is not something to cheer about.
19
posted on
05/10/2007 6:12:32 PM PDT
by
FredHunter08
(Guiliani! Come and Take Them!)
To: FredHunter08
No, but a short-term “surplus” that’ll be immediately spent is not something to cheer about. The deficit is decreasing, not increasing. That is not something to cheer? I am not sure I follow your logic.
20
posted on
05/10/2007 6:22:08 PM PDT
by
Tennessean4Bush
(An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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