Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Deficit Falls to Lowest Level in 4 Years
AP via WaPo ^ | January 12, 2007 | MARTIN CRUTSINGER

Posted on 01/12/2007 11:34:40 AM PST by Brilliant

The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues.

In its monthly budget report, the Treasury Department said Friday that the deficit from October through December totaled $80.4 billion, the smallest imbalance for the first three months of a budget year since 2002. The budget year ends Sept. 30.

Tax collections are running 8.2 percent higher than a year ago while government spending is up by just 0.7 percent from a year ago...

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: bush; deficit; govwatch
Navigation: use the links below to view more comments.
first 1-2021-34 next last

1 posted on 01/12/2007 11:34:44 AM PST by Brilliant
[ Post Reply | Private Reply | View Replies]

To: Brilliant

Thank God for Nancy. All those new tax revenues due to the increased minimum wage.


2 posted on 01/12/2007 11:36:08 AM PST by neodad (USS Vincennes (CG-49) Freedom's Fortress)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

Ah, so these will soon be known as the good ole days.


3 posted on 01/12/2007 11:37:10 AM PST by SF Republican
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

Bush's Fault!


4 posted on 01/12/2007 11:38:40 AM PST by b4its2late (Liberalism is a hollow log and a mental disorder.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

Amazing the good news the press reports on AFTER the election..


5 posted on 01/12/2007 11:40:27 AM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2banana

How are they supposed to know what happens from October to December in early November?


6 posted on 01/12/2007 11:42:17 AM PST by proxy_user
[ Post Reply | Private Reply | To 5 | View Replies]

To: Brilliant

See??? The Bu$$$h tax cuts and low wages are DESTROYING, DESTROYING I say, the economy!!

Thank god for Speaker Pelosi and her plans to take the corporate devils down a peg or two!


7 posted on 01/12/2007 11:44:06 AM PST by SolidForce
[ Post Reply | Private Reply | To 1 | View Replies]

To: neodad

All Eyeball had to do was coem to power and the deficit falls and gas prices tumble. God, she is AMAZING!!!


8 posted on 01/12/2007 11:46:47 AM PST by Holicheese (Beerfest could be the greatest movie ever made!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Brilliant

All this before they've passed the minimum wage increase. Just wait till they raise taxes on the 'Rich'. They'll wallow in the sloth for a few months, recession will creep in and they'll blame it on the Republicans just in time for the 2008 Presidential Election.


9 posted on 01/12/2007 11:48:05 AM PST by poobear
[ Post Reply | Private Reply | To 1 | View Replies]

To: poobear

That's why the GOP needs to start talking about this now, and vote against it. I was really surprised that as many GOPers voted against the min wage increase as they did.


10 posted on 01/12/2007 11:50:30 AM PST by Brilliant
[ Post Reply | Private Reply | To 9 | View Replies]

To: Brilliant

Must be because of the Democrats regaining Congress! LOL!


11 posted on 01/12/2007 11:58:06 AM PST by TommyDale (If we don't put a stop to this global warming, we will all be dead in 10,000 years!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant; SAJ; AdamSelene235; onyx; nopardons; rdb3; Coop; Common Tator

We're on track for the deficit to fall to $170 Billion for 2007. This will reduce the supply of government debt pouring into the Market. Lower supply with the same Demand means higher prices for those notes. Higher prices for debt notes means lower interest rates.

Thus, the Market is going to deliver lower interest rates in the 2nd half of 2007 and 1st half of 2008 in the run-up to the Presidential election.

You heard it here, first.


12 posted on 01/12/2007 12:03:31 PM PST by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TommyDale

We've been at a low deficit for many years now- 7 years AHEAD of schedule for hte reduction- DESPITE unprecedented expenditures like hte war, natural issasters, Hillary's wild shopping sprees on government money etc, yet hardly one word was spoke about it prior to elections! This is friggin maddening that they ignored the President's success in this department!!!

The following link does not relate to this thread http://sacredscoop.com


13 posted on 01/12/2007 12:04:26 PM PST by CottShop
[ Post Reply | Private Reply | To 11 | View Replies]

To: Brilliant
"a continued surge in tax revenues"

This is not possible because of tax cuts for the rich.

< / laffer curve denial>

14 posted on 01/12/2007 12:12:49 PM PST by Uncle Miltie (McCain / Feingold - 2008 ... "Shut Up or Go To Prison")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

I'm not reading the article, cuz I'm afraid Crutsinger will give credit for this to the Democrat majority in Congress and I'll throw up.


15 posted on 01/12/2007 12:13:01 PM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

This economy is the greatest story never told.

Larry Kudlow


16 posted on 01/12/2007 12:16:45 PM PST by sono (For everyone but America the free world is mostly a free ride. - Mark Steyn)
[ Post Reply | Private Reply | To 1 | View Replies]

To: neodad

Government spending up just .7% I thought every good conservative said Presidnet Bush was spending money like a druken sailor. Is the data wrong or has the conservative right taken a few programs and made them the villan while the government is in fact spending less? I'm confused - not. The Presidnet has been saying he was cutting spending and people right and left yelled LIAR. Now we have RATS running the congress because the pure stayed home or gave the Pubbies a bloody nose. shame shame


17 posted on 01/12/2007 12:24:06 PM PST by q_an_a
[ Post Reply | Private Reply | To 2 | View Replies]

To: Brilliant
The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues.

BIG DEAL!

The national debt is close to 9 Trillion.

The National Debt has continued to increase an average of $1.61 billion per day since September 29, 2006!

Video: Money, Banking and the Federal Reserve

18 posted on 01/12/2007 12:28:42 PM PST by Major_Risktaker
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

This is terrible! We must take the economy in a new direction!
We must raise taxes! (Sarcasm)


19 posted on 01/12/2007 12:33:20 PM PST by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

Yeah, well, whatever-it's STILL Bush's fault!;)


20 posted on 01/12/2007 12:35:14 PM PST by Frank_2001
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-34 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson