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(Huffington Post)   Amidst all the doom and gloom over "out-of-control" government spending, the Treasury Department notes that in January, the U.S. had a $3 billion surplus. No, that is not a typo   (huffingtonpost.com) divider line 27
    More: Spiffy, Treasury Department, Uncle Sam, government spending, Dean Baker, federal government, Inside the Beltway  
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8620 clicks; posted to Main » on 13 Feb 2013 at 10:09 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2013-02-13 09:02:28 AM
8 votes:
Bush finally got us out of the debt hell created in the Clinton years. Congrats, all!
2013-02-13 10:44:00 AM
6 votes:
I just want to use this opportunity to pretend I'm an economist.
2013-02-13 10:22:11 AM
4 votes:

DamnYankees: untaken_name: Oh, good. I thought we had a 16 TRILLION dollar national debt. Good to know we paid that off.

Is there a reason you put trillion in capital letters?


I was temporarily out of the little letters.
2013-02-13 10:11:16 AM
3 votes:
Quick!  Give that money to rich people and huge corporations!
2013-02-13 11:22:48 AM
2 votes:

AbiNormal: For the federal government having a $3 billion surplus is like you finding $5 in your couch cushions.


Then maybe we should turn the government upside down and give it a good shake.
2013-02-13 10:43:30 AM
2 votes:

untaken_name: Because of joint and several liability. Why are you not?


In what way are you jointly and severally liable for the debt. Are you under the impression that if the US government goes bankrupt, China can take you to court for $4 trillion?
2013-02-13 10:31:56 AM
2 votes:
ChuDogg:
I'm really surprised there are still people under the illusion that the United States government can be or will be fiscally solvent at some point. You will all be in a rude awakening in a few years.

If a business was run the way the government is run - constantly failing to generate a profit, acquiring operating funds by continually borrowing money from its competitors - its shareholders would be able to sue the directorship into the ground for incompetence.  Unfortunately the US government can simply force its "shareholders" to buy more "shares" at gunpoint, with their taxes, and can declare itself immune from legal action by fiat.   This is what happens when the lowest 46% of this country decide to elect lawyers to be President, instead of successful businessmen.  We get "lawyer-style" government where cleverly worded legislation trumps the bottom line.
2013-02-13 10:29:21 AM
2 votes:

soopey: soopey: W2
 W4


www.northarvestbean.org
2013-02-13 10:16:54 AM
2 votes:
This is GREAT news for fiscal conservatives!

Now there is clearly NO reason to raise the debt ceiling.

Suck on that, you crappy liberals.
2013-02-13 10:16:28 AM
2 votes:
Sorry. It's all my fault. I'm claiming single zero on my W2 when I could be claiming Married 1 or 2.
2013-02-13 09:59:15 AM
2 votes:
Its obvious then that the wealthy are paying too much in taxes.
2013-02-13 08:50:50 AM
2 votes:
The monthly surplus was the first since September.

In other news, even the Cubs win once in a while.
2013-02-13 08:48:15 AM
2 votes:
miss diminutive:  429 million slinkies

WE MUST CLOSE THE SLINKY GAP!
2013-02-13 12:21:56 PM
1 votes:
It's always amusing to watch obamopologists stumble around trying to excuse their hero's failings.

Guess how we know you don't understand how economics 101 works?
2013-02-13 12:20:03 PM
1 votes:
Has anyone made a joke about how long it would take to pay off the national debt if we had 3 billion dollar surpluses every month?  Because that would be hilarious.
2013-02-13 11:41:54 AM
1 votes:

Wendy's Chili: The solution is obvious. We need to cut Sesame Street.


So THAT'S what SS stands for....whocouldaknown
2013-02-13 11:36:01 AM
1 votes:

ManFromNowhere: Mr. Eugenides: Big Man On Campus: This is because every federal agency with a budget had no idea how much they could spend in the first quarter, so they cut back on overhead spending like it was going out of style.

Obama =/= Clinton

Clinton knew what to do when congress shirked its responsibility to pass a budget, he shut down the federal government. Obama is an idealistic weakling.

Actually no.  It's because farm income has to be reported and taxes paid by Jan 15th much like regular income has to be reported and taxes paid by April 15th.  What you are seeing is witheld income/taxes that are being sent in causing a bump in the revenue numbers just like every year.

The structural deficit is still there.

Thread over.


No it's not
2013-02-13 11:33:56 AM
1 votes:
Socialism with a budget surplus???

It's SURPCIALISM! And it's the greatest threat to American democracy ever!

/and he's still black so vote Republican
2013-02-13 11:33:51 AM
1 votes:

GranoblasticMan: cfroelic: How about some spending cuts now?

Okay, where?


We cut all funding for Planned Parenthood and public broadcasting, then give the ultra-rich a tax break. Deficit solved! Suck it, lib!
2013-02-13 11:05:02 AM
1 votes:

untaken_name: Oh, good. I thought we had a 16 TRILLION dollar national debt. Good to know we paid that off.


Clearly you need to watch the Rush Limbaugh clip where he mocks liberals who don't understand the difference between the debt and the deficit.
2013-02-13 11:02:13 AM
1 votes:

miss diminutive: miss diminutive: enough to buy

Sweet merciful crap, I need coffee.


Well....by!
2013-02-13 10:31:50 AM
1 votes:
...upon hearing of the monthly surplus, Congress quickly acted and spent the money on a pork filled bill that will spend that $3B each month going forward for the next year.
2013-02-13 10:31:00 AM
1 votes:

DamnYankees: ChuDogg: I'm really surprised there are still people under the illusion that the United States government can be or will be fiscally solvent at some point. You will all be in a rude awakening in a few years.

We're fiscally solvent right now and will be tomorrow. So I don't now what you're talking about.


That's ok, neither does he
2013-02-13 10:27:25 AM
1 votes:

DamnYankees: Anybody concerned with out of control spending is basically an idiot. Since WII we have literally never reduced government spending as much as we have in the last couple years.

[www.slate.com image 568x346]


But poor people get free cellphones so we must cut spending.
2013-02-13 10:16:12 AM
1 votes:
So we're running $290 billion in the red for 3 months and somehow we have a $3 billion surplus?

i.huffpost.com
2013-02-13 10:14:53 AM
1 votes:
and... it's gone
2013-02-13 08:41:15 AM
1 votes:
So, that's enough to by a single B-2 stealth bomber?

/or 429 million slinkies
 
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