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Deficit streak ends: Obama sees first monthly surplus
The Washington Times ^
| May 7, 2012
| Stephen Dinan
Posted on 05/07/2012 5:35:46 PM PDT by TwelveOfTwenty
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Could the House in GOP hands have made a difference?
To: TwelveOfTwenty
Huh? Not buying any of this.
To: TwelveOfTwenty
Does anyone believe this?? With how many trillion debt??
To: TwelveOfTwenty
4
posted on
05/07/2012 5:38:48 PM PDT
by
neodad
(USS Vincennes (CG-49) Freedom's Fortress)
To: TwelveOfTwenty
I don’t believe one word, not one single solitary word.
5
posted on
05/07/2012 5:39:08 PM PDT
by
DarthVader
(Politicians govern out of self interest, Statesmen govern for a Vision greater than themselves)
To: TwelveOfTwenty
April is when most individual file their taxes and pay any difference between what was withheld and what they owe, so how is this significant of anything other than when the feral government collects the most payments?
It certainly isn't any indication of a decrease in expenditures.
6
posted on
05/07/2012 5:39:08 PM PDT
by
E. Pluribus Unum
(Do I really need a sarcasm tag? Seriously? You're that dense?)
To: Sacajaweau
To: TwelveOfTwenty
That and the fact that tax collections are highest in April with people paying up for the whole year, including capital gains.
To: TwelveOfTwenty
People paying taxes due on April 15th.
To: TwelveOfTwenty
The tax man reaps and rapes.
10
posted on
05/07/2012 5:39:55 PM PDT
by
boomop1
To: CommieCutter
I thought we were trillions in debt, how’d they
do that?
11
posted on
05/07/2012 5:40:08 PM PDT
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: TwelveOfTwenty
The USA takes in $1.5T per year in taxes and spends $3.5T
I don't believe this article one bit, no sir, even dividing by 12 months.
To: TwelveOfTwenty
Because of the large inflows of tax revenues, the federal government usually runs a budget surplus in April though that did not occur in 2009, 2010 and 2011,
Wow!
Just ‘Wow!’...
13
posted on
05/07/2012 5:40:39 PM PDT
by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
To: tet68
Debt and deficit are two different things. My last post described the deficit.
To: mrsmith
My thought exactly. Could not even have a “surplus” for April for the past 3 years.
To: TwelveOfTwenty
Whaaaaat???
The Washington Times is pushing this bilge???
The key word here is "preliminary".
These numbers have yet to be "revised".
I'm sure after they've been revised, the appropriate bodies will be duly "surprised".
16
posted on
05/07/2012 5:44:27 PM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: TwelveOfTwenty
Creative Federal accounting, no doubt.
To: TwelveOfTwenty
“Even with Mondays good fiscal news, the government is expected to run a $1 trillion deficit in fiscal year 2012, which began Oct. 1. Through the first seven months, the deficit was already $721 billion, though that was substantially below the $870 billion deficit at the same point in 2011.”
So I don’t see how this makes a surplus when you have already spent more than you took in you can not just look at one month you have to look at the whole enchilada
18
posted on
05/07/2012 5:46:35 PM PDT
by
funfan
To: TwelveOfTwenty
If I borrow $100,000.00 to pay my bills for next year which amount to $99,999.00, I would have a surplus.
BUT...next year, my bills will be $99,999.00 PLUS the interest on $100,000.00.
I never have to work again...All I have to do is borrow more every year. Soon, my debt will be in the Trillions....imagine that.
To: TwelveOfTwenty
... financial collapse at the end of the Bush administration ... ???!
And the massive down slide since then just happened for no apparent reason?
IMO, the downturn started during Bush in no small part because people saw what was coming.
20
posted on
05/07/2012 5:47:34 PM PDT
by
BitWielder1
(Corporate Profits are better than Government Waste)
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