[PGR88]

Extra money?

Quick - spend it on something!

[Maringa]

Look out elections 2014 and 2016....If the economy continues to recover and deficit drops out or becomes a surplus despite Obama...no Republicans in the majority for the foreseeable future...

[mdwakeup]

Also, tax revenues increased as a result of gains that were accelerated into 2012 to avoid the 15% to 20% increase on capital gains that took effect at the beginning of the year. And uncertainty about the impact of the 3.8% investment tax under Obamacare has led a lot of estimated tax payers to increase their quarterly payments this year — they don’t want to face underpayment penalties when they file next year.

[Uncle Miltie]

This will be a short-lived phenomenon as people adjust their tax profiles to expose even less to the tax man. GDP will decline so that there is less work and lower tax receipts.

Just about 1 year, I expect.

[expat_panama]

the federal budged deficit is smaller than at this point last year, and smaller than at any time since the 2008 financial crisis.

What that means is that things are so bad now that they're still even worse than they were during the financial crisis--

--and if we'd be so much better off if only we could crawl out of this recovery and have another financial crisis like the one in 2008.