Deficit Down and Revenues Up - Where Is The Coverage?

Discussion in 'Politics' started by red states rule, May 14, 2007.

  1. red states rule
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    red states rule Senior Member

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    It seems the liberal media does not want you to know how well the Bush tax cuts are working

    Once again, the annual Federal deficit is down, and tax reciepts are up and the US economy continues to grow


    Government Runs April Surplus; Deficit Is Lower So Far This Year
    By Jeff Bater
    Word Count: 289
    WASHINGTON -- The U.S. federal government ran a monthly budget surplus of $177.67 billion in April, the Treasury Department said Thursday.

    The Treasury estimates the U.S. government ran a budget deficit of $80.75 billion for the first seven months of fiscal 2007 -- October through April. That is down 56% from the fiscal year-to-date deficit a year earlier.
    http://online.wsj.com/article/SB117...YWORDS=april+treasury&COLLECTION=wsjie/6month



    In fact, the Federal budget could be BALANCED by April 08 if the current trends continue

    http://www.optimist123.com/optimist/2007/05/deficit_watch_m.html
     
  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    Thank GOODNESS for the change in power then, good job Democrats in leadership! ;) j/k u Redstate!

    good morning!

    Care
     
  3. red states rule
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    red states rule Senior Member

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    Their $400 billion tax increase is DOA at the White House

    Dems have done nothing to screw up the Bush economy
     
  4. Bullypulpit
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    Bullypulpit Senior Member

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    I think I can say with a fair degree of certainty that generally accepted accounting practices would show those estimates to be as devoid of substance as your head.
     
  5. JeffWartman
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    JeffWartman Senior Member

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    RSR, you do realize that most of the money we spend in Iraq is not reported in the annual budget? Therefore, the deficit isn't down as much as you think it is. This is nothing to be happy about, if you knew what you were talking about
     
  6. red states rule
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    red states rule Senior Member

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    The feds just announced that in April, income tax revenues hit an all-time high -- over $1.5 trillion. And the deficit's still shrinking! Now, how is this possible while we're at war, gas prices are up, and real estate has cooled? I'll give you two words: tax cuts.
     

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