Posted on 05/07/2012 5:35:46 PM PDT by TwelveOfTwenty
The federal government broke its record-long deficit streak in April, recording its first monthly surplus since the financial collapse at the end of the George W. Bush administration in 2008, according to preliminary figures Monday from the Congressional Budget Office.
(Excerpt) Read more at washingtontimes.com ...
Huh? Not buying any of this.
Does anyone believe this?? With how many trillion debt??
Tax day...
I don’t believe one word, not one single solitary word.
It certainly isn't any indication of a decrease in expenditures.
Not a word. Horse@#$%!
That and the fact that tax collections are highest in April with people paying up for the whole year, including capital gains.
People paying taxes due on April 15th.
I thought we were trillions in debt, how’d they
do that?
I don't believe this article one bit, no sir, even dividing by 12 months.
“Because of the large inflows of tax revenues, the federal government usually runs a budget surplus in April — though that did not occur in 2009, 2010 and 2011,”
Wow!
Just ‘Wow!’...
Debt and deficit are two different things. My last post described the deficit.
My thought exactly. Could not even have a “surplus” for April for the past 3 years.
The Washington Times is pushing this bilge???
The key word here is "preliminary".
These numbers have yet to be "revised".
I'm sure after they've been revised, the appropriate bodies will be duly "surprised".
Creative Federal accounting, no doubt.
“Even with Monday’s good fiscal news, the government is expected to run a $1 trillion deficit in fiscal year 2012, which began Oct. 1. Through the first seven months, the deficit was already $721 billion, though that was substantially below the $870 billion deficit at the same point in 2011.”
So I don’t see how this makes a surplus when you have already spent more than you took in you can not just look at one month you have to look at the whole enchilada
BUT...next year, my bills will be $99,999.00 PLUS the interest on $100,000.00.
I never have to work again...All I have to do is borrow more every year. Soon, my debt will be in the Trillions....imagine that.
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