Skip to comments.U.S. posts first budget surplus since 2008 (Last surplus was Sep. 2008, the month Lehman collapsed)
Posted on 05/16/2012 10:10:23 AM PDT by SeekAndFind
WASHINGTON (MarketWatch) The U.S. government in April posted its first monthly budget surplus since September 2008, the Treasury Department said Thursday, as tax receipts climbed and spending on education, Medicare and certain defense programs fell.
The surplus of $59 billion is the first of Barack Obamas presidency, and lands at the outset of a presidential-election campaign expected to be fought largely over the issues of government spending, taxes and jobs.
The surplus in September 2008 the month Lehman Brothers filed for bankruptcy was $46 billion.
The government spent $260 billion in April, $70 billion less than in the same month in 2011. Receipts in April were $319 billion, up $29 billion from a year ago.
The surplus is likely to be heralded by Democrats and the White House as Obama seeks to gain the upper hand over Republican challenger Mitt Romney in the battle for the presidency this fall.
(Excerpt) Read more at articles.marketwatch.com ...
How can you have a budget surplus when you have no budget?
Is it possible to 16 Trillion in debt and have a budget surplus?
C’mon guys. April 15th everybody paid taxes. This is a blip and will not be reflected for any other month this year. Perhaps if a little historical data was used like last april???
Explain how there is a budget surplus when there has been no budget for 4 years? Making stuff up again.
Did they also publish how the two stimulus money was spent?
How did we afford the two bills anyway?
Just you wait until the summer...the word “recovery” will be in every MSM report until November. The BS fan will be on high.
Another article was posted about a week or so ago about this. It turns out that because less was paid out in taxes
“The nonpartisan budget agency also said tax receipts are 6 percent higher than last year at this point though in a worrisome sign, that’s still $20 billion below what the agency had projected in March. The CBO releases a preliminary estimate each month.”
Wow, a budget surplus. For the month of April. This is like celebrating a one inch rise in the Titanic’s above-water level as it bobbed in the ocean a few minutes before sinking completely. Next they’ll be celebrating the budget surplus for 12 noon to 12:30 PM on the 24th of May.
Right, and there will be a monthly budget surplus every month until further notice, at least until the December report.
Then, the “unexpected” will happen.
I do not believe any number or word from this bunch of liars, including the “and” and the “the”.
If there was a surplus, why did the national debt increase by $110 billion?
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
03/30/2012 10,846,824,546,943.15 4,735,254,134,245.54 15,582,078,681,188.69
04/30/2012 10,916,070,898,102.68 4,776,297,169,202.55 15,692,368,067,305.23
April? Gee, I wonder what happens in April that would cause Tax Revenues to spike...
Exactly what I was thinking.
This is all a one month surge due to collections of personal tax returns on April 15.
This is being totally pimped for Obama’s election.