US Posts $119 Billion Surplus In January, Decline In Deficit By 65%. Thanks Brandon!

[skews13]

Feb 10 (Reuters) - The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

The January surplus compared to a January 2021 deficit of $163 billion, a record for the month asdirect payments to individuals from COVID-19 aid legislation enacted in December 2020 were distributed.

The surplus last month was the first since the $83 billion reported in September 2019 and the largest since the $160 billion in April 2019. April and September are traditionally months with high tax collections.

The January receipts grew by 21% to $465 billion, boosted by a 21% jump in individual withheld income and payroll taxes that reflected higher employment and earnings due to the economic recovery.

January outlays fell 37% to $346 billion, partly as they did not include $142 billion in individual stimulus payments sent in January 2021.

The surplus for the month also was helped by the recognition of $70 billion in proceeds from a wireless spectrum auction, a U.S. Treasury official said.

For the first four months of the 2022 fiscal year that started Oct. 1, the Treasury reported a deficit of $259 billion, a 65% decline from the year-earlier deficit of $736 billion. Year-to-date receipts grew 28% to $1.52 trillion, while outlays for the period fell 8% to $1.78 trillion.

U.S. posts $119 billion budget surplus in January; first in over 2 years

The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

www.reuters.com

 

[Maxdeath]

Damn you just get dumber by the day. You obviously do not understand what you posted.
Biden had nothing to do with it.

 

[Baron Von Murderpaws]

 

[JGalt]

Damn you just get dumber by the day. You obviously do not understand what you posted.
Biden had nothing to do with it.

The article attributes that to "strong growth in tax receipts and a sharp drop in pandemic-related outlays."
The only thing Biden had to do with the surplus is that his administration didn't distribute more coronavirus stimulus checks to the American people.

They can thank the red states for giving Biden a hearty "fuck you", opening everything back up, and going back to work, in spite of Biden's mandates and lockdowns. Remember how the left squawked about Florida? It's only natural that those conservative states and cities generated tax revenue, because people in them were working. Meanwhile, those blue state Governors and Mayors continued to keep their citizens and businesses locked down, depriving the government of tax revenue. In other words, they were not paying their fare share.

Anyone could see this. But like everything else, Biden tries to take the credit for it.

 

[1srelluc]

 

[candycorn]

Feb 10 (Reuters) - The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

The January surplus compared to a January 2021 deficit of $163 billion, a record for the month asdirect payments to individuals from COVID-19 aid legislation enacted in December 2020 were distributed.

The surplus last month was the first since the $83 billion reported in September 2019 and the largest since the $160 billion in April 2019. April and September are traditionally months with high tax collections.

The January receipts grew by 21% to $465 billion, boosted by a 21% jump in individual withheld income and payroll taxes that reflected higher employment and earnings due to the economic recovery.

January outlays fell 37% to $346 billion, partly as they did not include $142 billion in individual stimulus payments sent in January 2021.

The surplus for the month also was helped by the recognition of $70 billion in proceeds from a wireless spectrum auction, a U.S. Treasury official said.

For the first four months of the 2022 fiscal year that started Oct. 1, the Treasury reported a deficit of $259 billion, a 65% decline from the year-earlier deficit of $736 billion. Year-to-date receipts grew 28% to $1.52 trillion, while outlays for the period fell 8% to $1.78 trillion.

U.S. posts $119 billion budget surplus in January; first in over 2 years

The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

www.reuters.com

Sounds like good news.

Thank You Mr. President.

 

[Baron Von Murderpaws]

HOW, exactly, can there be a surplus of ANYTHING at this point, when the DementiacRats have put us so far in the hole, it's caving in behind us??

People still cannot find work.
Prices have DOUBLED, TRIPLED, and QUADRUPLED for NO reason since Brainless Babbling Biden slithered into office with his puppetmasters.
The National Debt is at $22 TRILLION dollars now, thanks to the DementiacRats bills that "didn't cost us anything". In TRUTH, it didn't cost THEM anything to fuck US all over to flip the bill for THEIR bills allowing them to shovel even MORE of our tax dollars into THEIR personal accounts all over they world!!!

 

[Blues Man]

Don't worry by the end of the year we'll be in the red again

 

[Nova78]

US Posts $119 Billion Surplus In January, Decline In Deficit By 65%. Thanks Brandon!​

 

[Maxdeath]

The article attributes that to "strong growth in tax receipts and a sharp drop in pandemic-related outlays."
The only thing Biden had to do with the surplus is that his administration didn't distribute more coronavirus stimulus checks to the American people.

They can thank the red states for giving Biden a hearty "fuck you", opening everything back up, and going back to work, in spite of Biden's mandates and lockdowns. Remember how the left squawked about Florida? It's only natural that those conservative states and cities generated tax revenue, because people in them were working. Meanwhile, those blue state Governors and Mayors continued to keep their citizens and businesses locked down, depriving the government of tax revenue. In other words, they were not paying their fare share.

Anyone could see this. But like everything else, Biden tries to take the credit for it.

Actually some of the left are trying anything to give the vegetable in the White House some kind of win.
Everyone with an IQ above that of a rock is well aware that he has done nothing that even comes close to a win.

 

[C_Clayton_Jones]

Such is the reprehensible right – wishing that Americans suffer so conservatives can realize some perceived partisan gain.

 

[22lcidw]

Feb 10 (Reuters) - The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

The January surplus compared to a January 2021 deficit of $163 billion, a record for the month asdirect payments to individuals from COVID-19 aid legislation enacted in December 2020 were distributed.

The surplus last month was the first since the $83 billion reported in September 2019 and the largest since the $160 billion in April 2019. April and September are traditionally months with high tax collections.

The January receipts grew by 21% to $465 billion, boosted by a 21% jump in individual withheld income and payroll taxes that reflected higher employment and earnings due to the economic recovery.

January outlays fell 37% to $346 billion, partly as they did not include $142 billion in individual stimulus payments sent in January 2021.

The surplus for the month also was helped by the recognition of $70 billion in proceeds from a wireless spectrum auction, a U.S. Treasury official said.

For the first four months of the 2022 fiscal year that started Oct. 1, the Treasury reported a deficit of $259 billion, a 65% decline from the year-earlier deficit of $736 billion. Year-to-date receipts grew 28% to $1.52 trillion, while outlays for the period fell 8% to $1.78 trillion.

U.S. posts $119 billion budget surplus in January; first in over 2 years

The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

www.reuters.com

Cut fuel costs in half right now. And give people their money back for shopping to survive.

 

[theHawk]

Feb 10 (Reuters) - The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

The January surplus compared to a January 2021 deficit of $163 billion, a record for the month asdirect payments to individuals from COVID-19 aid legislation enacted in December 2020 were distributed.

The surplus last month was the first since the $83 billion reported in September 2019 and the largest since the $160 billion in April 2019. April and September are traditionally months with high tax collections.

The January receipts grew by 21% to $465 billion, boosted by a 21% jump in individual withheld income and payroll taxes that reflected higher employment and earnings due to the economic recovery.

January outlays fell 37% to $346 billion, partly as they did not include $142 billion in individual stimulus payments sent in January 2021.

The surplus for the month also was helped by the recognition of $70 billion in proceeds from a wireless spectrum auction, a U.S. Treasury official said.

For the first four months of the 2022 fiscal year that started Oct. 1, the Treasury reported a deficit of $259 billion, a 65% decline from the year-earlier deficit of $736 billion. Year-to-date receipts grew 28% to $1.52 trillion, while outlays for the period fell 8% to $1.78 trillion.

U.S. posts $119 billion budget surplus in January; first in over 2 years

The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in pandemic-related outlays, the Treasury Department said on Thursday.

www.reuters.com

Don’t you mean thank Sinema and Manchin?

 

[theHawk]

So glad to see Dems are such deficit hawks. Keep it up guy!

 

[Dragonlady]

Damn you just get dumber by the day. You obviously do not understand what you posted.
Biden had nothing to do with it.

Everything bad is Biden's fault. Everything good, Biden had nothing to do with it. Got it. You're still dumber than a sack of hammers.

You're like a trained seal. I'm reminded of the scene in 1984, where the crowd is given a new enemy to attack and they mindless pivot to chanting against them.

 

[Maxdeath]

Everything bad is Biden's fault. Everything good, Biden had nothing to do with it. Got it. You're still dumber than a sack of hammers.

You're like a trained seal. I'm reminded of the scene in 1984, where the crowd is given a new enemy to attack and they mindless pivot to chanting against them.

Roflol. Partisan hack that is totally clueless. Got you pegged.
You screeched at everything Trump did. You are convinced tha Biden is almost as great as your savior 44. Crawl back into your little hole and hide

 

[Brain357]

And to think deficits increased every year under trump.

 

[Brain357]

So glad to see Dems are such deficit hawks. Keep it up guy!

Deficits decline under dems. When was the last time deficits declined under a repub?

 

[surada]

Damn you just get dumber by the day. You obviously do not understand what you posted.
Biden had nothing to do with it.

Over 100 oil and gas companies went bankrupt in 2020

More than 100 oil and gas companies declared bankruptcy in 2020 after the coronavirus...

www.houstonchronicle.com

 

[surada]

Deficits decline under dems. When was the last time deficits declined under a repub?

It's true. Deficits always decline when the Democrats are in office.