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Keyword: surplus

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  • We Do Not Have a Trade Deficit, We have a capital surplus

    12/07/2016 8:34:45 AM PST · by SeekAndFind · 69 replies
    National Review ^ | 12/06/2016 | Kevin Williamson
    ‘Thank goodness for Kevin McCarthy!” isn’t something one says every day, but in the matter of President-elect Donald J. Trump’s backward and destructive plan to resurrect 19th-century tariffs, the gentleman from California is invaluable. Trump wants to impose 35 percent tariffs on . . . somebody. He does not seem quite sure. One of the reasons for that is that Trump has the question of trade deficits mixed up in his head with the question of offshoring and, like most Americans, he does not understand either of them very well. The president-elect, writing on Facebook (because that’s what presidents-elect...
  • The Rise and Fall of the Army Surplus Store

    10/13/2016 4:19:09 PM PDT · by vannrox · 76 replies
    The Art of Manliness ^ | Oct 11, 2016 05:05 pm | By Brett and Kate McKay
    The Rise and Fall of the Army Surplus StoreBy Brett and Kate McKay on Oct 11, 2016 05:05 pm You’ve probably been to an army surplus store.They all look pretty much the same wherever you live. Surplus stores can be found in strip malls in the rough part of town or as stand-alone warehouse-style buildings with corrugated metal roofing and very few windows. They’re easy to miss while driving because they typically only announce themselves with a small yellow sign emblazoned with “Army Surplus” in black lettering.When you walk in, your nose is met with that distinct army surplus...
  • US government buys 11 million pounds of cheese to tackle dairy mountain

    08/28/2016 12:05:10 AM PDT · by Olog-hai · 43 replies
    Daily Telegraph (UK) ^ | 27 August 2016 • 11:40PM | David Millward
    Washington has stepped in to tackle America’s cheese mountain with the Federal government buying 11 million pounds of the surplus. It has cost the American taxpayer $20 million (Ł15 million), the US Department of Agriculture said. The cheese will be distributed to food banks across the country. There are several reasons for the cheese mountain in the US. Farmers had boosted production when they were getting record prices. But thanks to the strength of the dollar, demand has slumped, creating a huge cheese surplus which has reached a 30-year high. Cheese has been a source of tension between the United...
  • Germany's big surplus to cover costs of refugees

    01/14/2016 4:01:32 PM PST · by Olog-hai · 12 replies ^ | 14 Jan 2016 11:36 GMT+01:00 | (AFP/DPA/The Local)
    Germany's economy picked up speed and afforded the government a big surplus in 2015 - which will be put straight towards spending on refugees. [...] In concrete terms, GDP amounted to €3.027 trillion in 2015, the first time ever that it has topped the three-trillion mark, (the federal statistics office) Destatis said. [...] Under current plans, the federal government will spend roughly €8 billion on refugees in 2016. That's made up of around €3.3 billion in extra federal spending on unemployment and other benefits, plus €4.3 billion for the states and municipalities. ...
  • Minnesota Gov. Dayton vetoes education bill, ready to call special session

    05/19/2015 6:27:12 PM PDT · by TurboZamboni · 14 replies ^ | 5-19-15 | Kevin Jacobsen
    14 hours after the 2015 session wrapped up, Governor Mark Dayton addressed the media and confirmed what most of us already knew; he is going to send the education bill back to lawmakers. The biggest sticking point is the measure didn't include his request for $171 million in additional funding for universal prekindergarten which he says will help 47,000 four-year- olds get a head start on education. The House and Senate passed the bill on Monday, despite an earlier warning from the Governor. The Governor says it's astonishing with a $1.9 billion surplus the legislature didn't include his request and...
  • Minnesota Republican Party ads pitch giving surplus back

    03/11/2015 5:56:01 AM PDT · by TurboZamboni · 6 replies
    Pioneer Press ^ | 3-11-15 | rachel stassenberger
    The Minnesota Republican Party answered a complex Capitol budget question with a simple solution: Give it all back. With a print, television and online ad campaign, the party is proposing that lawmakers and the governor return all of the projected $1.9 billion surplus to taxpayers. 'The Republican Party of Minnesota says send it back -- send it all back," Party Chairman Keith Downey says in the ad. Downey, who is running for re-election to the party post this spring, said Tuesday he did not have a prescription for how he thought the nearly $1.9 billion should be returned. He declined...
  • Give it back(MN surplus)

    03/11/2015 5:29:21 AM PDT · by TurboZamboni · 10 replies
    mngop ^ | 3-11-15 | mngop
    Today the Republican Party of Minnesota held a press conference calling for Democrats to give back the nearly $2 billion state budget surplus to hardworking Minnesotans! That surplus belongs to Minnesotans and the Democrats should give it back, not spend it. That's roughly $350 per every Minnesotan. The Democrats raised taxes by an unnecessary $2 billion, and now state government has a nearly $2 billion surplus, which they are proposing to spend! On top of that, Democrats are actually proposing to raise taxes another $6 billion on top of the $2 billion surplus!
  • Can We Believe Anything Coming From The U.S. Government?

    12/30/2014 8:00:38 AM PST · by GilGil · 29 replies ^ | 12/30/2014 | The Doc
    To begin with, Russia has no need to sell gold. In fact, Russia added 150 tonnes of gold to its Central Bank holdings in August, September and October. It didn’t make any sense that Russia would then turn around and sell gold. Why? Russia runs a current account surplus - LINK. It has cash on its balance sheet. Something the U.S. can only dream about, as the U.S. Government has to issue debt every hour to fund itself. The last time the U.S. sniffed a positive balance of payments was in the 1980’s. Second, Russia just got through paying down...
  • Pentagon Fires Back At Critics of 'Police Militarization' Program

    08/21/2014 6:59:06 AM PDT · by stevie_d_64 · 39 replies
    The Wire via Yahoo news ^ | August 19, 2014 | Russell Berman
    ~ snip ~ Despite the move, however, Kirby insisted the Defense Department was not "militarizing" police departments and that the program as a whole was "useful" and "served a purpose." "Let’s be careful not to throw the baby out with the bathwater here," Kirby said.
  • The Government Just Posted Its First Four-Month Budget Surplus In Years

    07/11/2014 11:34:50 AM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 07/11/2014 | Rob Wile
    The U.S. government posted a net surplus over a four-month period for the first time since 2007 in the March-June, according to the latest monthly Treasury statement.  For June, the surplus totaled $71 billion. That actually fell short of expectations of a surplus of $80 billion.Still, Washington is now on pace to record the lowest annual deficit since 2008, with a fiscal year to date deficit of $366 billion. That's 28% less than the shortfall recorded in the same period last year, according to Marketwatch, thanks mostly to increased revenue.“Deficits are rapidly declining,” Paul Edelstein, director of U.S. financial economics at IHS...
  • Tax break bill passes Minnesota House by 126-2 vote

    03/07/2014 4:38:51 AM PST · by TurboZamboni · 12 replies
    Pioneer Press ^ | 3-7-14 | Billy Salisbury
    Gov. Mark Dayton wants to use half of the state's $1.2 billion budget surplus for tax relief, and the Minnesota House gave him most of what he's after by passing a $503 million package of tax cuts on a 126-2 vote Thursday. Hours before the vote, Dayton proposed a supplemental budget that calls for cutting taxes by $616 million, stashing most of the rest of the surplus in a rainy-day reserve account and providing a relatively small sum for "essential" new spending. "Our improving economy has greatly improved the state's budget forecast, giving us the opportunity to put more money...
  • TURNAROUND! $1 Billion Surplus in Wisconsin...Gov. Scott Walker Returning It to Taxpayers

    01/24/2014 4:47:29 PM PST · by mandaladon · 19 replies
    Fox Nation ^ | 24 Jan 2014 | MARY SPICUZZA and MATTHEW DeFOUR |
    Gov. Scott Walker used his election-year State of the State address Wednesday to rally support for his plans to use the majority of Wisconsin’s $912 million in unexpected revenue for tax cuts. “What do you do with a surplus?” he said. “Give it back to the people who earned it. It’s your money.” He said he would call a special session of the Legislature to consider his income and property tax cut package — part of a broader fiscal plan called “A Blueprint for Prosperity” — which would save average Wisconsin families about $150 this year. Assembly Speaker Robin Vos,...
  • Column: The militarization of U.S. police forces

    10/23/2013 1:36:15 AM PDT · by stevie_d_64 · 80 replies
    Reuters ^ | 10/22/2013 | Michael Shank and Elizabeth Beavers
    This month, more Mine-Resistant Ambush-Protected vehicles (MRAPs) have found their way from the wars in Afghanistan and Iraq to the Main Streets of America. These are just the latest acquisitions in a growing practice by Pentagon that's militarizing America's municipal police forces. Police departments in Boise and Nampa, Idaho, each acquired an MRAP, as did the force in High Springs, Florida. The offer of war-ready machinery, at practically no cost, has proven hard to resist for local police departments. Increasingly, they are looking like soldiers equipped for battle. The growing similarity between our domestic police forces and the U.S. military...
  • Tax return: WI Senate passes $100 million property tax cut

    10/16/2013 7:12:01 AM PDT · by afraidfortherepublic · 18 replies
    The Wisconsin Reporter ^ | 10-16-13 | Ryan Ekvall
    MADISON – After more than an hour of political ping pong Tuesday, with the taxpayer playing the familiar role of ball, most Senate Democrats agreed with Republicans that a $100 million property tax cut was too good a deal to pass up. Or, perhaps, political suicide to turn it down. Last week, Democrats gave Gov. Scott Walker and legislative Republicans an earful after Walker called a special session to pass a $100 million property tax cut last week. Mike Tate, chairman of the Democratic Party of Wisconsin, called the tax cut a “gimmick.” Sen. President Mike Ellis, R-Neenah, excoriated senate...
  • Now that’s better: WI ends fiscal year with $760 million surplus

    10/15/2013 9:53:31 AM PDT · by afraidfortherepublic · 21 replies
    The Wisconsin Reporter ^ | 10-15-13 | M. D. Kittle
    MADISON – Better than expected. That’s been the story of state revenue and surplus in Wisconsin over the past year and a half. An improving economy has pushed the state’s surplus up to $759.2 million, according to the Wisconsin Department of Administration State Controller’s Office’s Annual Fiscal Report released Monday. That’s up nearly $90 million from the last budget estimate earlier this year, and an increase of $274.5 million higher than the $484.7 million projected in the Legislative Fiscal Bureau’s 2013 re-estimates in January. Word of the better-than expected balance, which doesn’t take into account the hundreds of millions of...
  • WI gov. calls for $100 million in immediate property tax relief

    10/11/2013 6:13:11 AM PDT · by afraidfortherepublic · 16 replies
    The Wisconsin Reporter ^ | 10-10-13 | Ryan Ekvall
    MADISON – The tax cuts just keep on coming. Gov. Scott Walker on Thursday proposed $100 million tax cut for property taxpayers. Walker said he would call a fall special session, and legislative leaders indicate the bill could pass in the next couple of weeks. “That’s $100 million worth of tax relief for working families, senior citizens, farmers and small business owners all across the state,” Walker said. “For the third consecutive year (homeowners will) see a reduction of property tax levy for the median value home across the state of Wisconsin.” Walker said property tax cut would be reflected...
  • U.S. Surplus Hits June Record of $116.5B; Best Since 2008

    07/12/2013 8:25:08 AM PDT · by SeekAndFind · 17 replies
    Street Insider ^ | 07/12/2013 | BY: JOHN PRESTA
    The U.S. posted record budget surplus for the month of June, bolstered by dividend payments from GSE's Fannie Mae (OTCBB: FNMA) and Freddie Mac (OTCBB: FMCC). It was also the largest surplus since 2008, data show. The U.S. Treasury Department said today that revenue outpaced spending by $116.50 billion last month, up from a deficit of $59.74 billion reported in the same period last year. Fannie and Freddie kicked-in about $67 billion in payments last month. Mandatory cuts, coupled with higher taxes and the domestic economy showing continued signs of improvement both contributed to the surplus. Despite the positive June...
  • US posts surprisingly big budget surplus (No need to raise debt ceiling after Hussein's sequester?)

    07/12/2013 1:35:20 AM PDT · by Libloather · 8 replies
    NBC News ^ | 7/11/13 | Jason Lange
    The U.S. government posted an unexpectedly large budget surplus in June, a further sign of the rapid improvement in public finances that has taken the heat off Congress to find savings and raise the nation's borrowing limit. Rising tax revenue, public spending cuts and big payments to the Treasury from government-backed mortgage companies helped the government take in $117 billion more last month than it paid out, the U.S. Treasury said on Thursday. Analysts polled by Reuters had expected a surplus of $39.5 billion. June's surplus was the largest on record for that month. While the government is still $510...
  • California Now Has So Much Money Coming In That It Doesn't Know What To Do With It

    05/26/2013 9:18:53 PM PDT · by blam · 59 replies
    Business Insider ^ | 5-26-2013 | Rob Wile
    California Now Has So Much Money Coming In That It Doesn't Know What To Do With It Rob WileMay 26, 2013, 10:05 PM California now has so much projected revenue that Sacramento legislators don't what to do with it, The New York Times' Adam Nagourney reports. The final budget surplus figure for 2014 will fall somewhere between $1.2 and $4.4 billion, depending on who's counting. "An unexpected surplus is fueling an argument over how the state should respond to its turn of good fortune," writes Nagourney. Just three years ago, of course, the state was running a $60 billion deficit....
  • Afghanistan: Camp Bastion Equipment Return (British)

    04/01/2013 7:59:25 PM PDT · by haffast · 9 replies
    Sky News ^ | 4-1-2013 | Sky News
    A major operation to airlift thousands of tonnes of military equipment from Afghanistan has begun as troops prepare to leave the country. In what could be seen as the biggest spring clean in the world, the redeployment effort will see everything from nuts and bolts to helicopters and armoured vehicles returned to the UK. The British presence will be almost halved by the end of this year to 5,200 and all combat operations in the country should be over by the end of 2014, leaving Afghan forces in control. The plan is to leave as little as possible behind. At...
  • Wisconsin budget surplus projected to grow to $484 million

    01/24/2013 8:37:43 PM PST · by george76 · 17 replies
    ap ^ | 01/24/2013 | Scott Bauer
    Wisconsin's budget picture brightened Thursday, with new estimates that show a surplus will grow to $484 million, giving Republicans and Gov. Scott Walker even more room to pursue their tax cutting agenda. The estimate from the nonpartisan Legislative Fiscal Bureau was nearly $137 million better than one Walker's administration released in November. ... In 2011, Walker took office facing a roughly $3 billion budget shortfall and
  • California Governor's budget has surprise: a surplus!

    01/11/2013 8:23:20 AM PST · by SeekAndFind · 41 replies
    Yahoo News via Reuters ^ | 01/13/2013 | Jim Christie
    SACRAMENTO, California (Reuters) - California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a state budget plan that would raise spending on education and healthcare, boosting total expenditures by 5 percent with a surplus remaining. But Brown vowed to push back at legislators eager to increase spending even more by restoring the billions of dollars to social services and other state programs cut in lean years. "I am determined to avoid the fiscal mess that the last few governors had to deal with," Brown told reporters as he introduced his budget plan...
  • Boom: Energy cash influx leads to a state budget surplus in Texas

    01/08/2013 11:51:14 AM PST · by SeekAndFind · 12 replies
    Hotair ^ | 01/08/2013 | Erika Johnsen
    <p>Legislators in Texas, the biggest energy producer among U.S. states, will begin deliberating its next two-year budget with a surplus forecast today to match an $8.8 billion record set in 2007.</p> <p>As the taxable value of oil produced in Texas surged to $39.1 billion in 2011 from $18.4 billion in 2009, the state led the nation in employment gains, adding about 700,000 jobs, according to data compiled by Bloomberg. The state unemployment rate has tumbled to a four-year low of 6.2 percent. Oil and natural-gas drilling rigs more than doubled by mid-2012 compared with two years earlier, and the industry’s workforce climbed 9.2 percent, Combs said.</p>
  • Texas Legislature to Wrestle Over What to Do with Unexpected Budget Surplus

    01/08/2013 6:57:39 AM PST · by rightwingintelligentsia · 59 replies
    Yahoo! News ^ | January 7, 2013 | Mark Whittington
    Bloomberg reports that when the Texas Legislature begins its 2013 session it will face a problem that most states will kill for. Texas will likely have a budget surplus of around $8 billion. The question arises, how to spend it? How Texas arrived at a surplus In 2011, when it looked as if Texas was facing a multi-billion-dollar budget deficit, the Texas Legislature cut spending, especially funding for education, Bloomberg notes. However, partly because of the fracking boom, revenues from the sale of oil and gas soared, bringing in unexpected tax revenues. The jobless rate also declined sharply, currently down...
  • 50 Shades of Bush Blame

    12/31/2012 8:41:08 AM PST · by Kaslin · 38 replies ^ | December 31, 2012 | Shawn Mitchell
    Our topic today is how George Bush destroyed America. Or, more precisely, how the Left says he did. Naturally, their solution is for America to join the ranks of European social democracies. It’s the only way to not to repeat “the mistakes that got us here in the first place.” The Left and their Old Media amplifiers tell a simple story: George Bush inherited from Bill Clinton a strong economy and a balanced budget. He proceeded to commit national arson by deregulating Wall Street, cutting taxes for the rich, and fighting two needless wars. The long fuse of Bush’s fiscal...
  • The Myth of the Clinton Surplus

    11/26/2012 4:14:39 PM PST · by all the best · 21 replies ^ | October 31, 2007 | Craig Steiner
    Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration. The claim is generally made that Clinton had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 . In that same link, Clinton claimed that the national debt had been reduced by $360 billion in the last three years, presumably FY1998,...
  • Virginia back in the black for the third year running

    08/16/2012 2:01:03 PM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 08/16/2012 | Erika Johnsen
    Ah, Virginia --- drink it in, it always goes down smooth. I'm never one to miss out on an opportunity to tout the virtues of my home state, especially while somewhat less-than-humble, wildly profligate states like California are busily telling everyone that they're the ones "leading the country" and "winning the future" with green-energy standards and "anti-Arizona" immigration bills and whatever else it is they're always going on about. Yeah, okay California --- you just keep doing that. Meanwhile, fiscally sane states like Virginia are going to engender policies that attract businesses, tap into their state's energy resources, find ways...
  • The Clinton Surplus Myth (Part 1)

    08/15/2012 4:54:45 PM PDT · by SeekAndFind · 5 replies
    Townhall ^ | 08/11/2011 | Craig Steiner
    Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration.  The claim is generally made that Clinton had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 . In that same link, Clinton claimed that the national debt had been reduced by $360 billion in the last three years, presumably FY1998, FY1999,...
  • MontCo lawmakers criticize schools for using surplus on pay

    05/17/2012 8:30:17 AM PDT · by Academiadotorg · 4 replies
    The Washington Examiner ^ | May 16, 2012 | Rachel Baye
    Members of the Montgomery County Council on Wednesday criticized the county school board's decision to spend a budget surplus on employee compensation rather than shrinking classroom size. "The decision last year to use the surplus in their health insurance account to avoid ... an increase in the employee share of health insurance premiums ... that's a choice that I would highlight as an example where they could have reduced class size but instead they chose to keep their employee benefits better than other employees'," said Councilman George Leventhal, D-at large. Montgomery County Public Schools expects to have $32.3 million in...
  • U.S. posts first budget surplus since 2008 (Last surplus was Sep. 2008, the month Lehman collapsed)

    05/16/2012 10:10:23 AM PDT · by SeekAndFind · 17 replies
    Marketwatch ^ | 05/13/2012 | Robert Schroeder
    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 Obama’s 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...
  • Surplus of pessimism may cost Spain’s ruling Socialists at polls

    11/18/2011 11:21:20 AM PST · by iowamark · 10 replies
    The Washington Times ^ | November 18, 2011 | Mike Elkin
    Spanish voters on Sunday are expected to dismiss the Socialist government of Prime Minister Jose Luis Rodriguez Zapatero and usher in the conservative People's Party (PP) and its leader, Mariano Rajoy. Mr. Zapatero’s Socialist party (PSOE), which has been in power for eight years, has borne the brunt of public blame for Spain’s increasingly perilous economic situation, which has tainted the party’s leadership candidate, Interior Minister Alfredo Perez Rubalcaba. Meanwhile, Mr. Rajoy has been coasting toward an expected landslide victory without saying much about how he plans to reverse Spain’s economic course... The situation is bleak for the eurozone’s fourth-largest...
  • Time for Some Truth: Bill Clinton Never Balanced A Budget And Never Ran A Surplus

    10/03/2011 1:31:14 PM PDT · by Nachum · 23 replies
    Big Government ^ | 10/3/11 | Jeff Dunetz
    On Friday Former President Bill Clinton spoke at the dedication of a bridge at his Presidential library. During his address he complained that Republicans try to take too much credit for his welfare reform legislation and for balancing the budget. The two parties can argue about who was behind welfare reform, but no one deserves credit for balancing the budget. The truth is the United States federal budget was not balanced in any of Bill Clinton’s eight years as President. Not once! The federal government has two types of debt public debt and intra-governmental debt.
  • The Clinton Surplus Myth- Part 2

    08/23/2011 1:50:52 PM PDT · by Kaslin · 12 replies · 10+ views ^ | August 23, 2011 | Craig Steiner
    Ever since I wrote an article that demonstrated that President Clinton never had a surplus, people have been skeptical. After all, Clinton's alleged surpluses have been accepted by the media and repeated so much that it's taken as gospel truth. The claim is made that in Fiscal Year 2000, President Clinton ran a budget surplus of $236 billion. My previous article demonstrates that far from a surplus, the government had to increase the national debt by $18 billion. How can you claim a surplus when you have to borrow more money? Indeed, citizens that hear about the Clinton "surplus" but...
  • Indiana ends budget year with $1.2B surplus

    07/19/2011 6:34:49 AM PDT · by doug from upland · 21 replies
    yahoo finance ^ | July 2011
    Indiana ends budget year with $1.2B surplus July 14, 2011, 6:47 pm EDT INDIANAPOLIS (AP) -- After a year of spending cuts to state agencies and school districts, during which state workers were asked to do more than ever, Indiana released its final budget numbers for the fiscal year that showed it sitting on a $1.2 billion surplus. State Auditor Tim Berry called the state workers who bore most of those budget cuts via greater workloads, "heroes." "The surplus was built on the backs of state employees," said Berry, after he thanked them for tightening their belts. Republican Gov. Mitch...
  • Pennsylvania Politicians Say State’s ($540 million) Surplus Should Be Put In Reserve ($3 billion)

    06/05/2011 1:13:17 PM PDT · by Libloather · 9 replies
    CBS Local ^ | 6/04/11
    Pennsylvania Politicians Say State’s Surplus Should Be Put In ReserveJune 4, 2011 4:00 AM HARRISBURG, Pa. (CBS) - Pennsylvania’s top fiscal watchdog, a Democrat, is siding with the Republican governor and the state House GOP in saying most of the half-billion dollar surplus in the current budget should be put in reserve. Pennsylvania revenue collections are $540 million dollars above projections for the current fiscal year. But due, in part, to the loss of federal stimulus money, drastic cuts have been proposed for the next budget. State House Democrats invoke Global Insight, an economic consulting firm, saying that Pennsylvania is...
  • Nope, Saving the Clinton era 'surpluses' wouldn't have averted the entitlement crisis

    05/05/2011 2:01:27 PM PDT · by SeekAndFind · 26 replies
    Washington Examiner ^ | 05/04/2011 | Philip Klein
    As liberals grapple with the reality that the nation's welfare state is financially unsustainable, they've renewed the myth that all would be swell if President Bush hadn't squandered the surpluses that were projected a decade ago. This argument received a boost over the weekend with an article by the Washington Post's Lori Montgomery, who wrote: "The nation's unnerving descent into debt began a decade ago with a choice, not a crisis." The reality is a bit more complicated. To start with, it's important to emphasize that the projected surpluses were just that -- projections. As the Congressional Budget Office cautioned...
  • Why North Dakota May Be the Best State in the Country to Live In

    04/03/2011 10:16:27 AM PDT · by Silentgypsy · 50 replies
    Yahoo!Finance ^ | 03/31/2011 | Carla Fried
    While many states are confronting severe budget shortfalls and dragging economies, North Dakota has a different sort of problem. It's stuck deciding how best to deal with a budget surplus. Yes, a surplus. North Dakota's balance sheet is so strong it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts.
  • 19 November, 2010-Report on Wisconsin’s budget deficit contains hidden costs ($3.3 BILLION!)

    02/18/2011 12:03:06 PM PST · by tcrlaf · 7 replies
    Journal Online ^ | 11-19-2010 | Jason Stein
    Madison — Democratic Gov. Jim Doyle's administration on Friday told Republican Governor-elect Scott Walker that he would have to cope with a $2.2 billion deficit in the state's upcoming two-year budget, but this brighter-than-expected forecast contained more than $1 billion in hidden pain. To arrive at the favorable estimate, the Doyle administration's estimate assumed that Walker and lawmakers would make spending cuts that have yet to actually happen - two more years of state employee furloughs, no pay raises, a virtual hiring freeze and belt tightening in state health programs. Without that $1.1 billion in savings, the state's projected shortfall...
  • Steyr M95- anybody got one?

    01/11/2011 1:29:46 PM PST · by TexasBarak · 55 replies
    Big Five has these on sale for $79.95 (the one I looked at today was a carbine). I'm looking for an inexpensive knockabout rifle to keep in the truck (but still capable of taking out a wild pig), and this looks like it will fit the bill. Do any of you have one of these, or have experience with it? Does anyone know of a reasonable source of ammo? Here's the wikipedia link concerning these rifles-
  • 2011 Prosperity Session

    01/04/2011 2:19:54 PM PST · by upsdriver · 3 replies ^ | January 4, 2011
    BISMARCK (AP) - When the North Dakota Legislature begins its 2011 session, lawmakers will have plenty of money to spend and even more suggestions about how to spend it. With the 2011 session set to begin today, Gov. Jack Dalrymple's two-year, $9.3 billion budget includes millions for road repairs, flood control projects, medical benefits for lower-income North Dakotans and incentive pay for public school teachers, as well as property tax subsidies and a small cut in North Dakota's income tax rates. Dalrymple's plan assumes the state treasury will have a surplus of slightly more than $1 billion in June, including...
  • Budget Surplus Caused the 9/11 Attacks

    12/11/2010 5:40:00 PM PST · by goods · 7 replies ^ | 12/10/2010 | Yossi Gestetner
    Some on the left claim that tax cuts harm economic growth, as we see that GWB cut taxes and the economy went to hell in recent years. In addition, they point out that Bill Clinton had a 1993 tax increase, yet the economy was strong in the following years, which means raising tax helps the economy. Claiming the above is as honest as me saying that, “Look: We had a few years of record Federal budget surpluses and the 9/11 attack took place right after it. Therefore, the surpluses caused the attacks.” I mean, you cant just take any event...
  • Destroying the myth of the Clinton surpluses.

    10/17/2010 10:01:59 AM PDT · by Lexluthor69 · 19 replies · 8+ views
    The Silent Majority ^ | 10-16-10 | Southernman
    Destroying the myth of the Clinton surpluses. This is going to be short and sweet. William Jefferson Clinton often claims to have left a budget surplus that George W. Bush and the Republicans recklessly squandered. The claim is parroted by the media and Democratic politicians in an attempt to show Republicans were irresponsible. The truth is that the Clinton surplus was nothing more than a numbers game. The following excerpts are from Craig Steiner’s Site and there are links to the government sites where the data that support the article may be found : Time and time again, anyone reading...
  • The Surplus in Virginia is not Real

    07/19/2010 10:51:23 AM PDT · by NetRight Nation · 1 replies
    NetRight Daily ^ | July 19, 2010 | Bill Wilson
    This week there were cheers heard throughout the Commonwealth of Virginia. Governor Bob McDonnell jubilantly proclaimed that the state had achieved a budget surplus. There’s only one little problem. It is not true. Simply put, the surplus announcement is nothing more than the final act in a well constructed play. It’s political theater aiming to yet again pull the wool over the eyes of the public while kicking the problems down the road for future legislative sessions to deal with. In short, it is the same old rancid political game that got our nation and Virginia into the fiscal mess...
  • Virginia Boasts Revenue Surplus

    07/14/2010 3:51:14 PM PDT · by Virginia Ridgerunner · 14 replies
    WCYB TV5 ^ | July 14, 2010 | WCYB 5 Staff
    Governor Bob McDonnell announced today that the Commonwealth of Virginia posted a preliminary revenue surplus at the conclusion of the 2010 fiscal year on June 30th. The Governor estimated the surplus, after miscellaneous interest payments are distributed, will be at least $220 million.
  • Iraqis buying tons of U.S. military surplus items

    07/02/2010 11:34:48 PM PDT · by ErnstStavroBlofeld · 15 replies
    LA Times ^ | June 30, 2010 | By Liz Sly
    On the outskirts of this former insurgent stronghold, Munir Ibrahim Ismail and his family have taken up residence in an American military latrine. They picked up the trailer full of toilets at a junkyard for about $5,000 — less than it would have cost them to build a real house — and set to work. They tore out the toilet bowls and scrubbed the trailer for days with disinfectant. They ripped off tiles, poured a concrete floor and added a window. They erected a divider to create two rooms and tacked on a concrete kitchen at the back. Presto! A...
  • Millions' worth of gear left in Iraq

    12/07/2009 1:33:20 PM PST · by markomalley · 31 replies · 1,319+ views
    Washington comPost ^ | 12/7/2009 | Ernesto Londońo
    Even as the U.S. military scrambles to support a troop surge in Afghanistan, it is donating passenger vehicles, generators and other equipment worth tens of millions of dollars to the Iraqi government. Under new authority granted by the Pentagon, U.S. commanders in Iraq may now donate to the Iraqis up to $30 million worth of equipment from each facility they leave, up from the $2 million cap established when the guidelines were first set in 2005. The new cap applies at scores of posts that the U.S. military is expected to leave in coming months as it scales back its...
  • Surplus .308 Reference

    08/02/2009 9:33:49 PM PDT · by Noumenon · 14 replies · 1,312+ views
    All - A aite with some good references for milsurp ammo with special interrest for us .308 shooters. Check out: for current availability and for a great manufacturers reference. Enjoy.
  • Indiana Governor Mitch Daniels Accounts For His State's Stimulus Spending

    06/10/2009 11:03:14 AM PDT · by Thebaddog · 5 replies · 507+ views
    PBS ^ | May 25, 2009 | DARREN GERSH
    DARREN GERSH: So far, we've heard from the Obama administration about the status of the recovery program and economists have weighed in with their expectations. Now, we turn to progress at the state level. That's where most of the stimulus money is actually being put to work. I recently spoke with Indiana Governor Mitch Daniels and I began by asking him what his state is doing with its stimulus funds. GOV. MITCH DANIELS, (R) INDIANA: Well, we're trying to use it as intended and as effectively as possible. We're building roads. We're restoring habitats. We're building trails, weatherizing homes. And...
  • In North Dakota, the Good Times Are Still Rolling

    06/05/2009 4:10:42 AM PDT · by BGHater · 21 replies · 919+ views
    WSJ ^ | 05 June 2009 | Amy Merrick
    State Has a Sizable Budget Surplus and the Lowest Unemployment in Nation as Strong Commodity Prices Keep Cash Flowing California has the Golden Gate Bridge, New York has the Empire State Building, Illinois has the Magnificent Mile. And North Dakota? It has a hefty budget surplus those states would envy. While many states scrounge for ways to repair budget deficits, North Dakota is cutting taxes and fretting over how much of its budget surplus to spend or save. "We all ought to move to North Dakota," joked Raymond C. Scheppach, executive director of the National Governors Association. The group said...
  • Report on Social Security and Medicare could be bleaker (Lock-box surplus down 95%)

    05/12/2009 6:07:48 AM PDT · by Libloather · 26 replies · 1,190+ views
    KOAA ^ | 5/12/09
    Report on Social Security and Medicare could be bleakerStory By: Associated Press Updated Tue May 12, 2009, 06:44 AM MDT Analysts say today's release of a report card on Social Security and Medicare won't be anything to celebrate. Analysts think this year's trustees' report will project the two trust funds will run out of money sooner than projected a year ago, thanks in part to the worst recession in decades and resulting high unemployment. The economic downturn has resulted in a loss of 5.7 million payroll jobs since it began in December 2007 and an unemployment rate that hit a...