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Thread: Surprise! Huge US Budget Surplus Shatters Record

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    If there was a "budget surplus" then why would there be any need to borrow at all? I put budget surplus in parentheses because I don't believe the federal government actually has a budget. This article reads more like politics than economics. Glad Fannie Mae had a good month.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by poweRob View Post
    Looks like good news. I can't wait for all the
    deficit hawks to come in here and also crow about how great this is for our economy. You guys will right? Or is the sky still falling?

    Surprise! Huge US Budget Surplus Shatters Record

    The U.S. government posted a budget surplus in June, the latest sign of rapidly improving public finances that could reduce the urgency in Congress to strike a deal to raise the nation's limit on borrowing.

    Rising tax revenues, public spending cuts and big payments to the Treasury from state-backed mortgage firms 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 smaller surplus of $39.5 billion.

    June's surplus was the largest for that month on record.
    BWHAHA..!!

    A " surplus" with a rising debt.

    Only in Liberal-ville.

    You would think these Libs would get tired of being lied to and manipulated, but apparently....no.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by pbrauer View Post
    This is great news
    unless you're a Republican ....

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by fmw View Post
    If there was a "budget surplus" then why would there be any need to borrow at
    all? I put budget surplus in parentheses because I don't believe the federal government actually has a budget. This article reads more like politics than economics. Glad Fannie Mae had a good month.

    Its easy to have a " good month" when you have a Central Bank buying up tons of your toxic debt.

    Unbelievable.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    unless you're a Republican ....
    You guys will literally believe anything.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Fenton View Post
    You guys will literally believe anything.
    that's not true ... When was the last time I believed anything you said?

    BTW, I'm not jumping for joy just yet ... we're far from getting out of the woods even if these figures are meaningful, and with the GOP getting in our way at every turn, it'll be a while before we get out ...

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    unless you're a Republican ....
    I hate to tell you this but my opinion is that republicans would prefer a strong economy moreso than the democrats. Many are business people who will earn more money in a healthy economy.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Good job everyone.
    I thought I was an atheist until I realized I'm a god.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    that's not true ... When was the last
    time I believed anything you said?

    BTW, I'm not jumping for joy just yet ... we're far from getting out of the woods even if these figures are meaningful, and with the GOP getting in our way at every turn, it'll be a while before we get out ...

    I wouldn't be jumping for joy if I publicly declared it to be " good news" that our Govt has just posted a " surplus".

    If I purposely ignored the rising debt, the rising dependence, the TRILLIONS in continued QE and the loading up of toxic debt onto the books of our Countries Central Bank, with our 1.8% GDP so I could brag about a " Surplus I would be getting my head checked.

    The day that I through a death grip on a blatant blind allegiance to a worthless, corrupt ideology celebrated what are obviously dubious claims of a improved Fiscal conditions, thats the day I make a appointment to the funny farm.

    Yea, we're not out of the Woods yet, we havn't even decided to put up camp and start treking back to civilization.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by fmw View Post
    I hate to tell you this but my opinion is that republicans would prefer a strong economy moreso than the democrats. Many are business people who will earn more money in a healthy economy.
    I agree, as long as it is not under the big-eared guy ... What could be clearer than this after witnessing the last five years of a GOP, especially in the House, bent on destroying this man and his presidency? (and I'm far from Obama's biggest fan, but this has been utterly shameful ...)

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