Nonsense! Rubbish! I cannot believe The Washington Times would recycle anything put out by CBO. Garbage! The CBO is one agency we can do without.
We should have outside public accounting firms handle this.
1. Not unusual to see surpluses in April during tax time.
2. The government will spend every cent of it, so it’s really not a surplus.
From the article:
Until April, the government hadn't run a surplus since September 2008, which is just when the Wall Street collapse began to pound the economy and place heavy demands on the federal budget. Before that streak of 42 months, the government had never gone even a single year without recording at least one month of surplus for as far back as 1980
Funny, that month just happens to be April and this year, seems they moved some costs to outlying months and there just happened to be a 6% increase in tax revenue.
It's exactly the same as if you were borrowing half again as much as you made, just to meet your monthly bills. Except for Christmas, when your Christmas bonus along with your paycheck lets you skip a month without having to borrow more to make ends meet.
What a load of BS. Watch Obama try to turn this into an example of his plan working...
Total and complete BS!
BS. You knew this was going to happen.
Does that mean we don’t have to tax the rich?
Nice sign up date Obama troll.
According to Treasury, this report is not true.
Choose start and end dates that include the entire month of April and you’ll see that the debt increased in April, as in every month for many, many years.