Leonel
Breakfast Connoisseur
First surplus since 2008? Am I missing something or did that deficit Bush ran up not count? Or was there a little surplus that month and that was it?
U.S. to run first budget SURPLUS since 2008: CBO
- Thread starter Cheezy the Wiz
- Start date
Dreadnought
Deity
Keep dreaming.
You should probably ask that your paycheck be restored to what it was before you took the pay cut in 2001.
GhostWriter16
Deity
I don't really think this hurts Romney politically at all.
Yeah, it's not like anyone was taking Romney seriously as a deficit hawk, so this is pretty meaningless either way.
Gogf
Indescribable
Supply-side, much, Cheezy?
PlutonianEmpire
King of the Plutonian Empire
That is one hell of a biased poll.
kramerfan86
Deity
- Joined
- Feb 10, 2008
- Messages
- 3,572
I really dont get how you can have a surplus for an individual month.
wilycoyote
King
While USA #1 is obviously the case regardless of anything, this means nothing. If you are underwater with your mortgage, but just saved 50 cents on milk, you still have problems.
Bamspeedy
CheeseBob
Imagine if you only pay your bills once a year. If you paid them all in the same month you would have a deficit for that month. It's the same concept when it comes to a surplus.
The feds collect from all those who owe taxes in April (last day they can file), so April is a good month for the federal government (those expecting a refund from the IRS filed in January-March). See Bush's Aprils in '08 and '07: (and whoever you want to assign '09 to was oh so close to having a surplus):
bernie14
Filter Manipulator
That is one hell of a biased poll.
fair and balanced by CFC standards...i vote this thread get moved to "THE CHAMBER" and get red diamonded
vypernight
Warlord
- Joined
- Nov 16, 2011
- Messages
- 148
All he has to do is point to unemployment. A surplus doesn't help people who are out of work.
JohnRM
Don't make me destroy you
I think that this could hurt the Obama Administration politically if it tries to flaunt this.
Mise
isle of lucy
Growth...
The US has fairly successfully grown its way out of its budget deficit. Its deficit has shrunk by considerably more than the UK's, even though the US didn't do anywhere near as much to cut spending or raise taxes as the UK. The difference is that the US's GDP has far surpassed where it was before the recession, whereas the UK's GDP is still far below where it was before the recession.
Hopefully leaders in Europe will realise this. And hopefully by the time they do it won't be too late.
Cheezy the Wiz
Socialist In A Hurry
I think I'm going to ask that this thread be closed, because I thought this was about something different. I didn't realize this was about the monthly budget, I thought the article meant that in April, they discovered for the entire previous year that they had surplus funds. A monthly surplus isn't something I would have cared or made a thread about. So unless someone wants to turn this in a new direction, I'll PM a mod and get it closed.
classical_hero
In whom I trust
I am surprised you did not notice that from the get go. That was the first thing everyone noticed right from the start. It would be big news if America gets out of a full year budget deficit.
Integral
Can't you hear it?
In April the government spent $X
In April the government received $Y in revenue.
Y > X => 30-day surplus.
Just like how it works with a calendar year.
April is, not surprisingly, typically a good month for the government coffers.
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