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Thats a $114 billion that would have been much better off left in the pockets of those who earned it. I cant see how the government having this is cause to rejoice.
Thanks to lower overall spending and higher tax receipts, Treasury took in $114 billion more than it had to pay out in April, the Congressional Budget Office said.
The U.S. Treasury Department booked a $114 billion surplus in April, the largest for that month since 2008, according to the latest estimates from the Congressional Budget Office released Wednesday.
For the first seven months of this fiscal year, which began on Oct. 1, the CBO estimates the country has racked up a $301 billion deficit, which is $187 billion lower than it was for the same period last year.
Federal coffers saw a 7% increase in individual income taxes and payroll taxes, a 15% increase in corporate income taxes, and a 37% increase in money paid to Treasury by the Federal Reserve.
Hilarious-
So the rest of the months of the year don't matter anymore to liberals? The libs are so desperate to paint Obama, the fiscally reckless incompetent, as being "conservative" in federal spending!
1. Last year's deficit was $680 billion
2. Bush's average deficit was $420 billion (the only reason it was so high was the dem congress in the last two years broke the bank).
3. The reason for the large "percentage decline" in the deficit last year was
a. Obama blew so much money with the dem congress that he was starting with $1.4 trillion deficits
b. The republican congress the last two years has put the brakes on many of Obama's and Reid's massive spending initiatives.
4. Deficits 50% higher than the average of the Bush years is nothing to celebrate.
5. April ALWAYS has higher net revenues, as people are paying their taxes.
Don't worry...there'll always be enough in the coffers to pay for your dumb wars.
Wars end. Do you see medicare, social security ending anytime soon? Now add the ACA which will only get bigger. Check the US budget. medicare and social security are still growing. Consumes 45% of the US annual budget.
Last I checked the money devoted to the wars are DECREASING.
Wars end. Do you see medicare, social security ending anytime soon? Now add the ACA which will only get bigger. Check the US budget. medicare and social security are still growing. Consumes 45% of the US annual budget.
Last I checked the money devoted to the wars are DECREASING.
Wars end? Really?
How long have we been in....Let's sayyyyyyyy....South Korea?
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