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Good Budget News

danarhea

danarhea

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For the first time since the Wall Street Collapse in September of 2008, the federal government has posted a monthly budget surplus, as Uncle Sam took in $59 billion more than was spent in April of 2012.

Federal revenues were $318 billion in April, while spending was $259 billion, a full $70 billion less than one year ago, when the feds posted a $40 billion deficit.
Click to expand...

It's a good sign, but that does not mean that our budget is balanced. The Federal government had fewer outlays in April than in most months. We are still bleeding money, but this is certainly better than last year. Just don't start crowing that either Obama or Congress has balanced the budget, because neither has. In fact, I actually post this story in order to preempt those hyperpartisans who are going to take credit for a balanced budget, based on only a single month of activity, and activity which includes spending which is typically low in the month of April. Don't forget that April is also the month that the government takes in the most income tax payments too.

Still, this is good news, compared to last year. We have taken a step. Now we need to take 5,279 more to reach the milestone we are looking for.

Article is here.
 
danarhea said:
It's a good sign, but that does not mean that our budget is balanced. The Federal government had fewer outlays in April than in most months. We are still bleeding money, but this is certainly better than last year. Just don't start crowing that either Obama or Congress has balanced the budget, because neither has. In fact, I actually post this story in order to preempt those hyperpartisans who are going to take credit for a balanced budget, based on only a single month of activity, and activity which includes spending which is typically low in the month of April. Don't forget that April is also the month that the government takes in the most income tax payments too.

Still, this is good news, compared to last year. We have taken a step. Now we need to take 5,279 more to reach the milestone we are looking for.

Article is here.
Click to expand...

Ah yes, that is all probably due to the tax returns flying in last month. No doubt mostly money from those middle class people that some say they are defending.

Oh well, none of it really matters, they haven't passed a budget in years, they will continue to increase spending far faster than growth. We are hosed.
 
danarhea said:
It's a good sign, but that does not mean that our budget is balanced. The Federal government had fewer outlays in April than in most months. We are still bleeding money, but this is certainly better than last year. Just don't start crowing that either Obama or Congress has balanced the budget, because neither has. In fact, I actually post this story in order to preempt those hyperpartisans who are going to take credit for a balanced budget, based on only a single month of activity, and activity which includes spending which is typically low in the month of April. Don't forget that April is also the month that the government takes in the most income tax payments too.

Still, this is good news, compared to last year. We have taken a step. Now we need to take 5,279 more to reach the milestone we are looking for.

Article is here.
Click to expand...

Be serious. Looking at a monthly number? What will the deficit be for the full fiscal year, something like 1.2 trillion.
 
danarhea said:
It's a good sign, but that does not mean that our budget is balanced. The Federal government had fewer outlays in April than in most months. We are still bleeding money, but this is certainly better than last year. Just don't start crowing that either Obama or Congress has balanced the budget, because neither has. In fact, I actually post this story in order to preempt those hyperpartisans who are going to take credit for a balanced budget, based on only a single month of activity, and activity which includes spending which is typically low in the month of April. Don't forget that April is also the month that the government takes in the most income tax payments too.

Still, this is good news, compared to last year. We have taken a step. Now we need to take 5,279 more to reach the milestone we are looking for.

Article is here.
Click to expand...

Lets face it, if the history of our Government has taught us one thing, it is that if the government finds that it has an extra dollar or two, it will not only find a way to spend it, but it will spend it in a way that we are committed to spending that amount in future, whether we have it then or not.
 
There is normally a surplus in that month. But because of the lack of taxes and massive spending the last few times that has not happened. However historically that month is a surplus month.
 
PeteEU said:
There is normally a surplus in that month. But because of the lack of taxes and massive spending the last few times that has not happened. However historically that month is a surplus month.
Click to expand...

Actually, last year there was an 80 billion dollar deficit in April.
 
why are we still talking about a blip, meaningless statistic? Has anyone suggested that the fiscal year deficit will be less than $1.2 trillion?
 
washunut said:
why are we still talking about a blip, meaningless statistic? Has anyone suggested that the fiscal year deficit will be less than $1.2 trillion?
Click to expand...

Not at all. The reason I posted this, as I explained in the OP, was to preempt Democrats from making this molehill into a mountain.
 
danarhea said:
Not at all. The reason I posted this, as I explained in the OP, was to preempt Democrats from making this molehill into a mountain.
Click to expand...

sorry, I missed that.
 
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