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Thread: Surprise! Huge US Budget Surplus Shatters Record

  1. #21
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    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 ...)
    Yes, politics is shameful. I view it as humanity at its worst.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Fenton View Post
    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.
    Did I post that it was "good news" or did I respond ton someone who did? I think it's the latter ... this is why I don't believe anything you say Fen ...

    But if you want to know what I think, I think it's good news ... How can it not be? But I also think we should not make much of it just yet ... economies are funny things, complicated even more when one of the two major political parties is trying to tank it to make the administration look bad ...

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by fmw View Post
    Yes, politics is shameful. I view it as humanity at its worst.
    I'm 64 and have never seen it worse ...

  4. #24
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    This is awesome news! The equity markets must be breaking out over this exciting turn of events!

    Hmmm..... no, the DOW futures are up 5 lousy points. Seems people that make it their business to know what's what in regard to economics are going... "ho hum... another government smoke and mirrors moment".

    They paid a lot more attention to what Bernanke had to say.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    This is awesome news! The equity markets must be breaking out over this exciting turn of events!

    Hmmm..... no, the DOW futures are up 5 lousy points. Seems people that make it their business to know what's what in regard to economics are going... "ho hum... another government smoke and mirrors moment".

    They paid a lot more attention to what Bernanke had to say.
    if nothing else, it's making cons a little nervous ... OH MY GOD! THE ECONOMY MAY BE IMPROVING AT A FASTER PACE THAN WE HAD HOPED! NOOOOOOOOOOOOOOOOOOOO ....

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    if nothing else, it's making cons a little nervous ... OH MY GOD! THE ECONOMY MAY BE IMPROVING AT A FASTER PACE THAN WE HAD HOPED! NOOOOOOOOOOOOOOOOOOOO ....
    Wrong. If this was any indication that the economy was improving at a faster pace than we had hoped, we'd see it in the markets. Instead, all we see are the same fuzzy math games that politicians are always playing to sucker the rubes.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    Wrong. If this was any indication that the economy was improving at a faster pace than we had hoped, we'd see it in the markets. Instead, all we see are the same fuzzy math games that politicians are always playing to sucker the rubes.
    it's too early to tell what it means, but it's enough to worry the GOP ... the last thing they need in 2014, but especially in 2016 is an improved economy ... that, coupled with their wars agtainst women, the poor, the working class, gays, minorities, will kill them ....

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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?
    It is good for our economy. But it is also driven by short-term factors; it doesn't exactly put us anywhere close to even for the year.

    IOW, if we were morbidly obese, this month we actually got off the couch and walked on the treadmill for 15 minutes a day. Before going back to eating cheeseburgers. Hooray.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    if nothing else, it's making cons a little nervous ... OH MY GOD! THE ECONOMY MAY BE IMPROVING AT A FASTER PACE THAN WE HAD HOPED!
    Er... not as such. The majority of it apparently came from Fannie and Freddie paybacks. So, we spent $200 Bn to get back $50 Bn. Yay. Go Team.

  10. #30
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Budget surplus, means your not spending as much as you budgeted for *that period*.
    Building block or stumbling block.... choose.

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