U.S. posts budget surplus

[OohPooPahDoo]

U.S. posts $117 billion budget surplus in June - Yahoo! Finance,

July 11 (Reuters) - The U.S. government posted abudget surplus in June, the latest sign of rapidly improvingpublic finances that could reduce the urgency in Congress tostrike a deal to raise the nation's limit on borrowing.

Rising tax revenues, public spending cuts and big paymentsto the Treasury from state-backed mortgage firms helped thegovernment take in $117 billion more last month than it paidout, the U.S. Treasury said on Thursday.

Will the teabaggers now STFU?

 

[BasicGreatGuy]

We don't have a surplus. We are in debt over 16 trillion dollars. The size of government continues to grow due to increased spending of monies which we don't have.

Not buying the hype you are selling.

 

[OohPooPahDoo]

We don't have a surplus. We are in debt over 16 trillion dollars. The size of government continues to grow due to increased spending of monies which we don't have.

Not buying the hype you are selling.

Do you understand what the term "budget surplus" means?

 

[Oddball]

If there's a surplus, why will the debt ceiling need to be raised again?

 

[BasicGreatGuy]

We don't have a surplus. We are in debt over 16 trillion dollars. The size of government continues to grow due to increased spending of monies which we don't have.

Not buying the hype you are selling.

Do you understand what the term "budget surplus" means?

Yes, I do. It is all smoke and mirrors. It is nothing more than code for the hacks in Washington to justify more spending.

You are being lied to.

 

[PredFan]

U.S. posts $117 billion budget surplus in June - Yahoo! Finance,

July 11 (Reuters) - The U.S. government posted abudget surplus in June, the latest sign of rapidly improvingpublic finances that could reduce the urgency in Congress tostrike a deal to raise the nation's limit on borrowing.

Rising tax revenues, public spending cuts and big paymentsto the Treasury from state-backed mortgage firms helped thegovernment take in $117 billion more last month than it paidout, the U.S. Treasury said on Thursday.

Will the teabaggers now STFU?

You are probably the only teabagger here.

 

[g5000]

U.S. posts $117 billion budget surplus in June - Yahoo! Finance,

July 11 (Reuters) - The U.S. government posted abudget surplus in June, the latest sign of rapidly improvingpublic finances that could reduce the urgency in Congress tostrike a deal to raise the nation's limit on borrowing.

Rising tax revenues, public spending cuts and big paymentsto the Treasury from state-backed mortgage firms helped thegovernment take in $117 billion more last month than it paidout, the U.S. Treasury said on Thursday.

Will the teabaggers now STFU?

You know what those "state-backed mortgage firms" are, right?

And you know what that means, right?

 

[Oddball]

A surplus presumes that the federal budget got balanced some time in the last several months.

Don't believe I got the memo on that one.

 

[OohPooPahDoo]

We don't have a surplus. We are in debt over 16 trillion dollars. The size of government continues to grow due to increased spending of monies which we don't have.

Not buying the hype you are selling.

Do you understand what the term "budget surplus" means?

Yes, I do. It is all smoke and mirrors. It is nothing more than code for the hacks in Washington to justify more spending.

You are being lied to.

I don't think you do. You sound like a complete idiot to me. Go read a blog.

 

[Avatar4321]

one month? Let's for the sake of argument and assume the math is correct and we have a budget surplus for june.

That somehow makes up for decades of deficits? Are we supposed to ignore all the deficits for the last five months of the year? Or are we going to assume we can just spend like a drunken sailor with no conseequences now that we've had one month of a surplus?

Is a one month surplus a big deal if the whole year is still a deficit?

Do you ever bother thinking before you post such stupid stuff?

 

[OohPooPahDoo]

A surplus presumes that the federal budget got balanced some time in the last several months.

Don't believe I got the memo on that one.

See the top of the page.

 

[OohPooPahDoo]

You know what those "state-backed mortgage firms" are, right?

Profitable.

 

[bendog]

I read this earlier, but as a republican I choose to ignore it. (-:

Seriously, the sequester really is hurting some people, but the econ slowly improves and spending really is down. I can't believe the congress was so inept they couldn't have cut spending in a more responsible way .... but it is that inept.

 

[OohPooPahDoo]

one month? Let's for the sake of argument and assume the math is correct and we have a budget surplus for june.

That somehow makes up for decades of deficits?

Do you expect we'd be able to make up for decades of deficits in one month?

 

[g5000]

Because the housing sector is recovering, the GSEs are finally returning to a profit. Since the GSEs were nationalized back when they imploded, those profits are going to the Treasury.

That is how the federal budget managed to pull off a surplus last month.

The GSEs have a long, long, long way to go before they pay off their bailout, though.

 

[Redfish]

A surplus presumes that the federal budget got balanced some time in the last several months.

Don't believe I got the memo on that one.

See the top of the page.

that rancid smell you just noticed----------you stepped in shit on this one oooopie.

better run away before you sink in up to your eyeballs.

 

[Oddball]

A surplus presumes that the federal budget got balanced some time in the last several months.

Don't believe I got the memo on that one.

See the top of the page.

Um...There hasn't been a budget in over three years....Thanks for stomping on that flaming bag of poo, nitwit.

 

[g5000]

Foreclosures are now at a level not seen since 2006, which was the peak of the real estate bubble. That's very good news, and especially good for the GSEs.

 

[boedicca]

It's fake accounting. If the U.S. properly accrued liabilities (like public corporations are required to do or they execs can be prosecuted and sent to jail), we'd show a huge deficit.

As of the last Financial Report (which does use a form of accrual accounting) published by Treasury, the present value of unfunded liabilities exceeded $60 TRILLION.

Current Report: Financial Report of the United States: Publications & Guidance: Financial Management Service

 

[boedicca]

Foreclosures are now at a level not seen since 2006, which was the peak of the real estate bubble. That's very good news, and especially good for the GSEs.

And just wait until the big Student Debt Bomb 'Splodes!