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Thread: Surprise! Huge US Budget Surplus Shatters Record

  1. #211
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Fenton View Post
    Bond values are up right in the middle of unprecedented QE.

    I can't think of a more distressing indicator when perpetually low interest rates cause a increase in bond values or bond sales.

    One of the supposed and intended effects of Bernakes QE was to push people out of bonds and into more risky securities.
    Its called, stronger economic outlook headlined by an increase in lending activity.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    according to how we've constructed race in this country, he is ... for most of our history one drop has been enough ... Have you seen photos of Homer Plessey (Plessey v. Ferguson, 1896)? You'd assume he was white, yet that case gave constitutional cover to racial segregation until 1954.
    Wow! Using racist legislariin to prove that Obama is black. Lol!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #213
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    Its called, stronger economic outlook headlined by an increase in lending
    activity.
    With interest rates this low that doesn't surprise, although the " stronger economic outlook" isn't reflected in Job Growth.

    The reality is Obama has never presided over a American economy minus his training wheels like a " big boy President ".

    The perpetual QE and pumping plus massive spending.

    I'm fair so when his policies minus the massive liquidity, minus the massive spending, produces SUBSTANTIAL growth, and that includes NET Jobs gains high enough to keep up and SURPASS Population increases then I'll give him some credit.

    Otherwise Barry will be relgated to what he's been for the last 5 years, peddling along with allot of help and a HUGE helment. you know to cover the ears ?

    ( NSA is going to nab me for that one, they'll ignore all of the other highly critical post I'm responsible for, but their kicking down my door for the ear thing.)

    A president disconected, with very destructive Fiscal and Monetary policies on auto pilot.

  4. #214
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by GottaGo View Post
    Budget surplus, means your not spending as much as you budgeted for *that period*.
    No, surplus as in you took in more than you spent. Projections have nothing to do with it.

  5. #215
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by a351 View Post
    No, surplus as in you took in more than you spent. Projections have nothing to do with it.
    Budget surplus....
    Building block or stumbling block.... choose.

  6. #216
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by blaxshep View Post
    Tax revenues only went up $85B for the year, nice try.
    You're mistaken. The year over year difference in revenues for April alone was 88 billion dollars.

  7. #217
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by GottaGo View Post
    Budget surplus....
    Which means nothing at all. Surpluses and deficits are measured entirely in terms of outlays - revenues. If the federal government spent double what was thought to be needed for the month of June, yet took in revenue exceeding that figure, they would have recorded a surplus. Spending projections or projections of any kind don't come into play at all.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by a351 View Post
    Which means nothing at all. Surpluses and deficits are measured entirely in terms of outlays - revenues. If the federal government spent double what was thought to be needed for the month of June, yet took in revenue exceeding that figure, they would have recorded a surplus. Spending projections or projections of any kind don't come into play at all.
    Considering the Title specifically uses the word 'budget', and 'surplus', and how those terms are used in conjunction with one another in finance, my statement is correct.

    That's what government likes to call a 'dynamic budget'. Basically, whatever they damn well please to spend.
    Building block or stumbling block.... choose.

  9. #219
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by GottaGo View Post
    Considering the Title specifically uses the word 'budget', and 'surplus', and how those terms are used in conjunction with one another in finance, my statement is correct.

    That's what government likes to call a 'dynamic budget'. Basically, whatever they damn well please to spend.
    Yet your're using them incorrectly. Perhaps you're referring to household finance?

    Spending fluctuates with the circumstances of the present. The reduction in spending cited in the month of June included a decrease in student loans, an expenditure that can fluctuate greatly from month to month. According to your definition an increase in that category that pushed cumulative outlays past the projections for the month by say, 1 billion dollars, would not be considered a surplus even if revenue exceeded that figure by tenfold. It's an inapplicable and absurd definition.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by a351 View Post
    Yet your're using them incorrectly. Perhaps you're referring to household finance?

    Spending fluctuates with the circumstances of the present. The reduction in spending cited in the month of June included a decrease in student loans, an expenditure that can fluctuate greatly from month to month. According to your definition an increase in that category that pushed cumulative outlays past the projections for the month by say, 1 billion dollars, would not be considered a surplus even if revenue exceeded that figure by tenfold. It's an inapplicable and absurd definition.
    Dynamic Budget. It is what it is.
    Building block or stumbling block.... choose.

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