President Obama Sees First Budget Surplus Of Presidency

[DiamondDave]

A business takes in 1MIL a year from a business model that has the majority of order payments in April... yet that business spends 1.8MIL a year.. In April the expenditures were 150K, they took in 105K and borrowed 95K... and the business claims it is running a surplus.... yeah, that is an up-and-up business doing all the right things ... let's all proclaim that CEO is doing a fabulous job and that the board is also and keep on this business plan

 

[auditor0007]

Deficit streak ends: Obama sees first monthly surplus - Washington Times

Boosted by better tax collections and slightly slower spending, the government recorded a $58 billion surplus in April. That’s nearly a $100 billion turnaround from April 2011, when the government ran a $40 billion deficit.

The numbers suggest that the government’s short-term fiscal picture has improved slightly since the deepest days of the recession, when stimulus spending and tax cuts spilled red ink over the federal budget.

“Because of the large inflows of tax revenues, the federal government usually runs a budget surplus in April — though that did not occur in 2009, 2010 and 2011,” CBO said.


The brief spot of cheery news came even as all sides on Capitol Hill are working on next year’s spending bills, and House Republicans are pushing ahead with a measure that would change the automatic defense cuts slated for the end of this year and replace them with trims to social programs.

Mr. Obama, fighting for higher spending, issued his first spending veto threat of the year on Monday, saying he would reject House Republicans’ bill to fund the Commerce and Justice departments because it spends too little.

“Passing [the bill] at its current funding level would mean that when the Congress constructs other appropriations bills, it would necessitate significant and harmful cuts to critical national priorities, such as education, research and development, job training and health care,” the White House said in a statement of policy.

At the same time as the fight over the yearly spending bills, the House GOP on Monday took the first steps to undo the automatic defense cuts looming at the end of this year, which were triggered when the congressional supercommittee failed to come up with an agreement last year.

Moving to erase those defense cuts, House Republicans advanced a bill through the Budget Committee that would instead trim from food assistance, Medicaid and other benefits programs.

“There is no reason we cannot work together to replace the sequester,” said the committee’s chairman, Rep. Paul Ryan, Wisconsin Republican, who said this year marked the first time since 2005 that the House was using the powerful budget-reconciliation process to try to overhaul entitlement programs.

But Democrats said it was unfairly targeting the poor, while leaving tax rates unchanged for the wealthy.

“Our Republican colleagues continue to reject that balanced approach to deficit reduction,” said Rep. Chris Van Hollen, the ranking Democrat on the committee.

Yes Repugs, it takes having more tax revenue, not more tax cuts to run a surplus and just like typical Repugs they want to trim social programs to balance a budget,

Look, it's nice to see that we actually had one month in the black, but everyone knows this is just an accounting circumstance that will not hold throughout the rest of the year. Based on the fact that this is the first time we are showing any surplus, that is a good sign, but again, we are still going to have a massive yearly debt. Here again, Dems will jump on this as a sign that everything is turning up roses, and Republicans will scoff that it is completely meaningless. Of course, it's not meaningless, and of course nothing is turning up roses. It's a small positive sign, and that's about it.

 

[whitehall]

How could we have a budget surplus when the senate hasn't voted on a budget in three years? The creative math shows how desperate the Hussein administration is to fool the ignorant sycophantic left.

 

[M14 Shooter]

Good job Obama!

Yes - He may manage to get His deficit down to $1000B this year!

 

[kwc57]

Looks like Fail&Go has left the building.

Perhaps he caught a clue along with a few facts??

He saw another occupier outside the library window trying to steal his cardboard box and went after him to let him know he isn't "entitled" to his property.

 

[CrusaderFrank]

A business takes in 1MIL a year from a business model that has the majority of order payments in April... yet that business spends 1.8MIL a year.. In April the expenditures were 150K, they took in 105K and borrowed 95K... and the business claims it is running a surplus.... yeah, that is an up-and-up business doing all the right things ... let's all proclaim that CEO is doing a fabulous job and that the board is also and keep on this business plan

^ This!!!

 

[Big Black Dog]

How does an ass clown that hasn't signed a budget into law in the last 3 years have a budget surplus? Sounds like typical Democratic horse shit to me.

You can't sign rightwing bullshat into law, better to sign nothing than to sign some shat to make things all worse when the authors of it will take no responsibility for it.

You failed to mention that the only budget that Owe Bama has ever submitted didn't get a single vote from ANYBODY - even his Democratic cronies or did you simply decide to over look this fact?

 

[BDBoop]

April? Hmm isn't that the month people pay their income taxes?

Do you think this trend can continue?

It didn't for the last three years, therefore it won't be a trend unless it happens again next year.

 

[Stephanie]

April? Hmm isn't that the month people pay their income taxes?

Do you think this trend can continue?

people pay taxes every month of the year stupid and he just got his first surplus in April, makes your piggybacking off of that troll's argument look retarded.

hook, line and sinker..

 

[M14 Shooter]

How does an ass clown that hasn't signed a budget into law in the last 3 years have a budget surplus? Sounds like typical Democratic horse shit to me.

You can't sign rightwing bullshat into law, better to sign nothing than to sign some shat to make things all worse when the authors of it will take no responsibility for it.

You failed to mention that the only budget that Owe Bama has ever submitted didn't get a single vote from ANYBODY - even his Democratic cronies or did you simply decide to over look this fact?

You also failed to mention that the one budget he did sign - FY2009 - has the largest deficit ever.

 

[iamwhatiseem]

FailGo bailed from his own thread after post #26. I guess the word garbage can reminded him it was his lunch time.

Hell I would have to quit the forum in shame if I made a thread this dumb.
You can't recover from such a blunder as this.

 

[chikenwing]

How does an ass clown that hasn't signed a budget into law in the last 3 years have a budget surplus? Sounds like typical Democratic horse shit to me.

You can't sign rightwing bullshat into law, better to sign nothing than to sign some shat to make things all worse when the authors of it will take no responsibility for it.

Well he's got the bullshit part right anyways.

 

[sfcalifornia]

April? Hmm isn't that the month people pay their income taxes?

Do you think this trend can continue?

people pay taxes every month of the year stupid and he just got his first surplus in April, makes your piggybacking off of that troll's argument look retarded.

ok...again....

"There is NO SURPLUS when we're in THIS MUCH DEBT

Got it????????????????

Oh look everyone! Caroljo knows more about budgets and surpluses than the CBO AND the chief economist at Moody's.

The Congressional Budget Office has reported a monthly budget surplus of $58 billion, which would be a first in nearly three years.

"It's a clear signal that the government's fiscal situation is finally moving definitively in the right direction," said Mark Zandi who is the chief economist for Moody's Analytics.

First Monthly Budget Surplus in Three Years - Yahoo! News

Tell us Caroljo, why should we listen to you and not the CBO or the chief economist at Moody? What are your qualifications? How did you get so much smarter than any of these people?

 

[oreo]

Deficit streak ends: Obama sees first monthly surplus - Washington Times

Boosted by better tax collections and slightly slower spending, the government recorded a $58 billion surplus in April. That’s nearly a $100 billion turnaround from April 2011, when the government ran a $40 billion deficit.

The numbers suggest that the government’s short-term fiscal picture has improved slightly since the deepest days of the recession, when stimulus spending and tax cuts spilled red ink over the federal budget.

“Because of the large inflows of tax revenues, the federal government usually runs a budget surplus in April — though that did not occur in 2009, 2010 and 2011,” CBO said.


The brief spot of cheery news came even as all sides on Capitol Hill are working on next year’s spending bills, and House Republicans are pushing ahead with a measure that would change the automatic defense cuts slated for the end of this year and replace them with trims to social programs.

Mr. Obama, fighting for higher spending, issued his first spending veto threat of the year on Monday, saying he would reject House Republicans’ bill to fund the Commerce and Justice departments because it spends too little.

“Passing [the bill] at its current funding level would mean that when the Congress constructs other appropriations bills, it would necessitate significant and harmful cuts to critical national priorities, such as education, research and development, job training and health care,” the White House said in a statement of policy.

At the same time as the fight over the yearly spending bills, the House GOP on Monday took the first steps to undo the automatic defense cuts looming at the end of this year, which were triggered when the congressional supercommittee failed to come up with an agreement last year.

Moving to erase those defense cuts, House Republicans advanced a bill through the Budget Committee that would instead trim from food assistance, Medicaid and other benefits programs.

“There is no reason we cannot work together to replace the sequester,” said the committee’s chairman, Rep. Paul Ryan, Wisconsin Republican, who said this year marked the first time since 2005 that the House was using the powerful budget-reconciliation process to try to overhaul entitlement programs.

But Democrats said it was unfairly targeting the poor, while leaving tax rates unchanged for the wealthy.

“Our Republican colleagues continue to reject that balanced approach to deficit reduction,” said Rep. Chris Van Hollen, the ranking Democrat on the committee.

Yes Repugs, it takes having more tax revenue, not more tax cuts to run a surplus and just like typical Repugs they want to trim social programs to balance a budget,

Good only 17 more of these to go---

$100.00 dollar bills stacked up on pallet's equaling 1 TRILLION dollars. We are 17 trillion in red ink now. Obama has already outspent Bush's 8 year record of spending in just 3-1/2 years adding an additional 5 trillion to the national debt.

Now what's that again about a 58 billion dollar "surplus"---LOL The only thing moving FORWARD in this administration is the line of RED INK.

 

[Avatar4321]

Wait. Did I seriously miss Flaylo saying that you can't balance a budget by cutting spending? Haha.

 

[nodoginnafight]

Deficit streak ends: Obama sees first monthly surplus - Washington Times

Boosted by better tax collections and slightly slower spending, the government recorded a $58 billion surplus in April. That’s nearly a $100 billion turnaround from April 2011, when the government ran a $40 billion deficit.

The numbers suggest that the government’s short-term fiscal picture has improved slightly since the deepest days of the recession, when stimulus spending and tax cuts spilled red ink over the federal budget.

“Because of the large inflows of tax revenues, the federal government usually runs a budget surplus in April — though that did not occur in 2009, 2010 and 2011,” CBO said.


The brief spot of cheery news came even as all sides on Capitol Hill are working on next year’s spending bills, and House Republicans are pushing ahead with a measure that would change the automatic defense cuts slated for the end of this year and replace them with trims to social programs.

Mr. Obama, fighting for higher spending, issued his first spending veto threat of the year on Monday, saying he would reject House Republicans’ bill to fund the Commerce and Justice departments because it spends too little.

“Passing [the bill] at its current funding level would mean that when the Congress constructs other appropriations bills, it would necessitate significant and harmful cuts to critical national priorities, such as education, research and development, job training and health care,” the White House said in a statement of policy.

At the same time as the fight over the yearly spending bills, the House GOP on Monday took the first steps to undo the automatic defense cuts looming at the end of this year, which were triggered when the congressional supercommittee failed to come up with an agreement last year.

Moving to erase those defense cuts, House Republicans advanced a bill through the Budget Committee that would instead trim from food assistance, Medicaid and other benefits programs.

“There is no reason we cannot work together to replace the sequester,” said the committee’s chairman, Rep. Paul Ryan, Wisconsin Republican, who said this year marked the first time since 2005 that the House was using the powerful budget-reconciliation process to try to overhaul entitlement programs.

But Democrats said it was unfairly targeting the poor, while leaving tax rates unchanged for the wealthy.

“Our Republican colleagues continue to reject that balanced approach to deficit reduction,” said Rep. Chris Van Hollen, the ranking Democrat on the committee.

Yes Repugs, it takes having more tax revenue, not more tax cuts to run a surplus and just like typical Repugs they want to trim social programs to balance a budget,

Good only 17 more of these to go---

$100.00 dollar bills stacked up on pallet's equaling 1 TRILLION dollars. We are 17 trillion in red ink now. Obama has already outspent Bush's 8 year record of spending in just 3-1/2 years adding an additional 5 trillion to the national debt.

Now what's that again about a 58 billion dollar "surplus"---LOL The only thing moving FORWARD in this administration is the line of RED INK.

I wonder if made up numbers like this will win an election?

 

[Listening]

Deficit streak ends: Obama sees first monthly surplus - Washington Times

Boosted by better tax collections and slightly slower spending, the government recorded a $58 billion surplus in April. That’s nearly a $100 billion turnaround from April 2011, when the government ran a $40 billion deficit.

The numbers suggest that the government’s short-term fiscal picture has improved slightly since the deepest days of the recession, when stimulus spending and tax cuts spilled red ink over the federal budget.

“Because of the large inflows of tax revenues, the federal government usually runs a budget surplus in April — though that did not occur in 2009, 2010 and 2011,” CBO said.


The brief spot of cheery news came even as all sides on Capitol Hill are working on next year’s spending bills, and House Republicans are pushing ahead with a measure that would change the automatic defense cuts slated for the end of this year and replace them with trims to social programs.

Mr. Obama, fighting for higher spending, issued his first spending veto threat of the year on Monday, saying he would reject House Republicans’ bill to fund the Commerce and Justice departments because it spends too little.

“Passing [the bill] at its current funding level would mean that when the Congress constructs other appropriations bills, it would necessitate significant and harmful cuts to critical national priorities, such as education, research and development, job training and health care,” the White House said in a statement of policy.

At the same time as the fight over the yearly spending bills, the House GOP on Monday took the first steps to undo the automatic defense cuts looming at the end of this year, which were triggered when the congressional supercommittee failed to come up with an agreement last year.

Moving to erase those defense cuts, House Republicans advanced a bill through the Budget Committee that would instead trim from food assistance, Medicaid and other benefits programs.

“There is no reason we cannot work together to replace the sequester,” said the committee’s chairman, Rep. Paul Ryan, Wisconsin Republican, who said this year marked the first time since 2005 that the House was using the powerful budget-reconciliation process to try to overhaul entitlement programs.

But Democrats said it was unfairly targeting the poor, while leaving tax rates unchanged for the wealthy.

“Our Republican colleagues continue to reject that balanced approach to deficit reduction,” said Rep. Chris Van Hollen, the ranking Democrat on the committee.

Yes Repugs, it takes having more tax revenue, not more tax cuts to run a surplus and just like typical Repugs they want to trim social programs to balance a budget,

Look, it's nice to see that we actually had one month in the black, but everyone knows this is just an accounting circumstance that will not hold throughout the rest of the year. Based on the fact that this is the first time we are showing any surplus, that is a good sign, but again, we are still going to have a massive yearly debt. Here again, Dems will jump on this as a sign that everything is turning up roses, and Republicans will scoff that it is completely meaningless. Of course, it's not meaningless, and of course nothing is turning up roses. It's a small positive sign, and that's about it.

It is positively a sign that we are DESPERATE for any good news (especially Chris who probably peed all over hmself at the news) on the economy.

 

[Dick Tuck]

Reagan claimed cutting taxes would result in us getting out of debt. It made it worse.

Bush 2 claimed that cutting taxes would result in us getting out of debt. It made it worse.

Romney is claiming that cutting taxes will result in us getting out of debt. Isn't trying the same failed thing over and over a sign of insanity?

 

[Bass v 2.0]

Desperate right wing monkeys, apes and chimps attacking any progress, however minute, from Obama, shameless primates.

 

[CrusaderFrank]

Reagan claimed cutting taxes would result in us getting out of debt. It made it worse.

Bush 2 claimed that cutting taxes would result in us getting out of debt. It made it worse.

Romney is claiming that cutting taxes will result in us getting out of debt. Isn't trying the same failed thing over and over a sign of insanity?

Spending is the crackpipe of the Democrat Congress crack whore