Uncle Sam runs $114 billion surplus in April (economic, good news, money)
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Here, I'll type s l o w e r .... It's not the right direction!!!! -
The other direction would be the direction where deficits were increasing, as opposed to decreasing. I do not agree with you that is a better direction.
Quote:
We are increasing taxes by 7% to 15% on the people
There is a difference between increasing tax rates, and increasing tax revenues. Tax revenues increased by 7-15%.
No, they do not have $114 billion surplus every April.
They have tooted their horn more than a few times over the years about their big April surpluses.
The poster didn't say $114 billion did they ?
They just said what I previously said...you can find rah rah articles about their big April surpluses going back to 1997.
It's old news already and a one time annual blip in the numbers.
The other direction would be the direction where deficits were increasing, as opposed to decreasing. I do not agree with you that is a better direction.
They have tooted their horn more than a few times over the years about their big April surpluses.
The poster didn't say $114 billion did they ?
They just said what I previously said...you can find rah rah articles about their big April surpluses going back to 1997.
It's old news already and a one time annual blip in the numbers.
In 2009, 2010, and 2011 there was no surplus at all. Yes, the poster said this same thing happens every year, but it is obviously not true. Yes, April is a good month, but you are missing the whole point of the article, which is to say this is the best April in many years.
In 2009, 2010, and 2011 there was no surplus at all. Yes, the poster said this same thing happens every year, but it is obviously not true. Yes, April is a good month, but you are missing the whole point of the article, which is to say this is the best April in many years.
And do you know why ?
It was predicted that 2013 taxes received in 2014 would show a spike
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.
It's not a surprise for the government to claim a surplus in April. According to your own cite: Much of the drop in overall spending is attributable to bigger payments from Fannie Mae and Freddie Mac to Treasury. According to the weird accounting rules of the federal budget, those payments are counted as "negative" spending.
"The U.S. Treasury Department booked a $114 billion surplus in April, the largest for that month since 2008" So this is the best April since Bush was in office. It took over 4 years for this administration to notch a surplus in the first place. U.S. to run first surplus since 2008: CBO - MarketWatch
In only five years he has added more than $5T to the debt, having eclipsed the total debt GWB added in eight years while fighting two full blown wars.
"It's unpatriotic" -Obama
Our trade deficits are still running more than $40B each month:
U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES March 2014
Goods and Services
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $193.9 billion and imports of $234.3 billion resulted in a goods and services deficit of $40.4 billion, down from $41.9 billion in February News Release: U.S. International Trade in Goods and Services
Deficit spending is still quite high no matter what the "weird accounting rules of the federal budget" say.
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