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(CNBC)   Federal government operates in surplus during December 2013. I blame Obama   (cnbc.com ) divider line 189
    More: Spiffy, The U.S. government, budget year, Fannie Mae, Freddie Mac  
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1986 clicks; posted to Politics » on 13 Jan 2014 at 9:17 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-01-13 05:24:43 PM  
See? The Republican Slimdown worked!

(Just don't forget Obama caused the shutdown.)
 
2014-01-13 06:19:43 PM  
Oh good, we should have that deficit paid off any time now!
 
2014-01-13 07:43:56 PM  

cryinoutloud: Oh good, we should have that deficit paid off any time now!


Do you mean "debt" ? Because those are not the same things.
 
2014-01-13 07:44:30 PM  
i.chzbgr.com
 
2014-01-13 07:50:21 PM  
Must be time for more tax cuts. Maybe another war, too.
 
2014-01-13 07:54:41 PM  

dr_blasto: Must be time for more tax cuts. Maybe another war, too.


About time too. I am strongly pro-darkie bombing.
 
2014-01-13 08:03:25 PM  

Snarcoleptic_Hoosier: dr_blasto: Must be time for more tax cuts. Maybe another war, too.

About time too. I am strongly pro-darkie bombing.


Meh, I pine for the days when we used to bomb other white people. Back then it was a gentlemen's game!
 
2014-01-13 08:07:37 PM  
Strange. I just went to Fox News' website and don't see this being covered at all. Therefore, I'm going to have to give this story my skeptical cat look.
 
2014-01-13 08:32:16 PM  
An improving economy and higher tax revenues trimmed the 2013 deficit to $680 billion.

:o
 
2014-01-13 09:01:17 PM  

dr_blasto: Must be time for more tax cuts. Maybe another war, too.


came here to say THIS
left laughing

because you KNOW that there will be talk of NEEDING to cut taxes
 
2014-01-13 09:11:43 PM  
Subby here.

Immediately after posting this article on Facebook, a friend of mine said, "Wouldn't have happened without the shutdown."

Um... "the shutdown occurred in October, and wouldn't have impacted December spending numbers."

<crickets>
 
2014-01-13 09:24:41 PM  

mactheknife: Subby here.

Immediately after posting this article on Facebook, a friend of mine said, "Wouldn't have happened without the shutdown."

Um... "the shutdown occurred in October, and wouldn't have impacted December spending numbers."

<crickets>


I wish you could post a link to that on Fark so that we could all go point and laugh at your friend.
 
2014-01-13 09:25:23 PM  

Somacandra: cryinoutloud: Oh good, we should have that deficit paid off any time now!

Do you mean "debt" ? Because those are not the same things.


Aside from that idiotic error, the comment seems to imply that the national debt must or even should be brought to zero - an asinine notion which appeals to conservatives and the to the weak-minded (but I repeat myself).
 
2014-01-13 09:25:29 PM  
Good.  No need to hike the debt ceiling.
 
2014-01-13 09:26:15 PM  
Even with his vacation to Hawaii?  I was told that was going to cost like 2 aircraft carriers.
 
2014-01-13 09:26:30 PM  

Mentat: An improving economy and higher tax revenues trimmed the 2013 deficit to $680 billion.

:o


The article was written by an uneducated and phony "journalist". Higher tax revenues always increase budget deficits, and they also cause the economy to suffer. Study it out.

/Cannot think of an appropriate potato analogy here.
 
2014-01-13 09:27:02 PM  

tbeatty: Good.  No need to hike the debt ceiling.


Do you believe that increasing the debt ceiling is bad? If so, please explain why.
 
2014-01-13 09:27:41 PM  

coeyagi: Even with his vacation to Hawaii?  I was told that was going to cost like 2 aircraft carriers.


Per day.
 
2014-01-13 09:29:21 PM  
Good.

Now do it until we're no longer is assloads of debt.
 
2014-01-13 09:29:53 PM  

mactheknife: Subby here.

Immediately after posting this article on Facebook, a friend of mine said, "Wouldn't have happened without the shutdown."

Um... "the shutdown occurred in October, and wouldn't have impacted December spending numbers."

<crickets>


Revenue processing that would have occurred during the slimdown was delayed, squeezing the overall revenues that would have been calculated for October, November and December into only November and December, thus causing December to run in a surplus only because it was receiving more revenue than it would have otherwise.

If you take three weeks off from harvesting potatoes, you cannot say that on the fourth week you had a surplus of potatoes, because you are squeezing an extra three weeks of harvest in there.
 
2014-01-13 09:31:05 PM  

max_pooper: tbeatty: Good.  No need to hike the debt ceiling.

Do you believe that increasing the debt ceiling is bad? If so, please explain why.


It's like raising the glass ceiling for minorities - look how that f*cking turned out in 2008!
 
2014-01-13 09:32:09 PM  
No one's demanded tax breaks for the rich yet?
 
2014-01-13 09:33:18 PM  
Now let's spend some goddamn money and put people back to work.
 
2014-01-13 09:33:41 PM  
Time to cut SNAP by 120%!
 
2014-01-13 09:34:08 PM  

Dimensio: mactheknife: Subby here.

Immediately after posting this article on Facebook, a friend of mine said, "Wouldn't have happened without the shutdown."

Um... "the shutdown occurred in October, and wouldn't have impacted December spending numbers."

<crickets>

Revenue processing that would have occurred during the slimdown was delayed, squeezing the overall revenues that would have been calculated for October, November and December into only November and December, thus causing December to run in a surplus only because it was receiving more revenue than it would have otherwise.

If you take three weeks off from harvesting potatoes, you cannot say that on the fourth week you had a surplus of potatoes, because you are squeezing an extra three weeks of harvest in there.


Interesting use of potatoes there :P
 
2014-01-13 09:35:24 PM  
Why frakkin' bother?  President Obama could cancel ACA, repeal all gun control, outlaw abortion, and put Jesus on the Presidential Seal and the Tea baggers would still insist that he is the horseman of Armageddon, destroying religion in the U.S. and personally responsible for every mistake Reagan and both Bushs made.

/God I hate what the religious, nutjob, bat guano, corporate sell-out closet cases have done to the Republican party.
 
2014-01-13 09:36:13 PM  

winterbraid: Dimensio: mactheknife: Subby here.

Immediately after posting this article on Facebook, a friend of mine said, "Wouldn't have happened without the shutdown."

Um... "the shutdown occurred in October, and wouldn't have impacted December spending numbers."

<crickets>

Revenue processing that would have occurred during the slimdown was delayed, squeezing the overall revenues that would have been calculated for October, November and December into only November and December, thus causing December to run in a surplus only because it was receiving more revenue than it would have otherwise.

If you take three weeks off from harvesting potatoes, you cannot say that on the fourth week you had a surplus of potatoes, because you are squeezing an extra three weeks of harvest in there.

Interesting use of potatoes there :P


I thought all economics discussions on Fark would be in Coconuts.
 
2014-01-13 09:37:21 PM  
Green shoots of the Bush recovery. Thanks for the stimulating tax cuts, Sir.
 
2014-01-13 09:38:09 PM  
"Rising tax revenues and government spending constraints are expected to trim this year's deficit to around $600 billion."

Thanks, Obama!
 
2014-01-13 09:38:41 PM  

DarkLancelot: winterbraid: Dimensio: mactheknife: Subby here.

Immediately after posting this article on Facebook, a friend of mine said, "Wouldn't have happened without the shutdown."

Um... "the shutdown occurred in October, and wouldn't have impacted December spending numbers."

<crickets>

Revenue processing that would have occurred during the slimdown was delayed, squeezing the overall revenues that would have been calculated for October, November and December into only November and December, thus causing December to run in a surplus only because it was receiving more revenue than it would have otherwise.

If you take three weeks off from harvesting potatoes, you cannot say that on the fourth week you had a surplus of potatoes, because you are squeezing an extra three weeks of harvest in there.

Interesting use of potatoes there :P

I thought all economics discussions on Fark would be in Coconuts.


You know I haven't seen any stupidity from Mr. "economics degree from a top 50 school" in a while. I wonder what alt he's posting under now.
 
2014-01-13 09:43:32 PM  
More proof that Obama is ruining the country by stealing money from hardworking people that the government doesn't even need.
 
2014-01-13 09:44:18 PM  
Most households operate with a "surplus" on the day the paycheck arrives too.
 
2014-01-13 09:45:40 PM  

winterbraid: Dimensio: mactheknife: Subby here.

Immediately after posting this article on Facebook, a friend of mine said, "Wouldn't have happened without the shutdown."

Um... "the shutdown occurred in October, and wouldn't have impacted December spending numbers."

<crickets>

Revenue processing that would have occurred during the slimdown was delayed, squeezing the overall revenues that would have been calculated for October, November and December into only November and December, thus causing December to run in a surplus only because it was receiving more revenue than it would have otherwise.

If you take three weeks off from harvesting potatoes, you cannot say that on the fourth week you had a surplus of potatoes, because you are squeezing an extra three weeks of harvest in there.

Interesting use of potatoes there :P


When examining the economy through an understanding of supply-side economics, it always comes back to potato.
 
2014-01-13 09:45:45 PM  
Surplus:  Brave Patriots from the House GOP
Deficits:  You done got raped!.... from Obama!

World Net Daily, January 13, 2014  21:42:15 EST.
 
2014-01-13 09:47:25 PM  

Mr. Eugenides: Most households operate with a "surplus" on the day the paycheck arrives too.


Why is the default position of the Potatophile clan to compare households to macroeconomics?

Do you want to be slapped around and called 'Susan'?
 
2014-01-13 09:48:13 PM  
Discussing monthly federal budget deficits/surplus' is pretty stupid.
 
2014-01-13 09:50:02 PM  

Alebak: Good.

Now do it until we're no longer is assloads of debt.


National debt is not necessarily a bad thing. The finances of a nation are in no way analogous to the finances of a household or a business..

The problem is not how MUCH money we spend, it's how we spend it. And America's been in trouble because we spend on the military and handouts to billionaires, and not infrastructure, the health of the citizens, and non-military R&D.
 
2014-01-13 09:51:07 PM  

theknuckler_33: Discussing monthly federal budget deficits/surplus' is pretty stupid.


Explain.

I'm getting a Clinton surplus vibe from the comments here.
 
2014-01-13 09:51:23 PM  
He did this just to distract everyone from Ben Ghazi hiding his birth certificate in a solar cylinder.
 
2014-01-13 10:00:17 PM  

super_grass: theknuckler_33: Discussing monthly federal budget deficits/surplus' is pretty stupid.

Explain.

I'm getting a Clinton surplus vibe from the comments here.


Just for the simple fact that revenues and spending do not occur in a smooth manner throughout the fiscal year. Extrapolating anything from a single month is pretty stupid.
 
2014-01-13 10:01:23 PM  

theknuckler_33: super_grass: theknuckler_33: Discussing monthly federal budget deficits/surplus' is pretty stupid.

Explain.

I'm getting a Clinton surplus vibe from the comments here.

Just for the simple fact that revenues and spending do not occur in a smooth manner throughout the fiscal year. Extrapolating anything from a single month is pretty stupid.


That makes sense then, I guess we'll just have to wait and see.
 
2014-01-13 10:09:21 PM  

Delta1212: More proof that Obama is ruining the country by stealing money from hardworking people that the government doesn't even need.


The government doesn't need hardworking people?
 
2014-01-13 10:09:29 PM  
Didn't happen, because its not on Fox Mobile. You know what is on Fox Mobile? Benghazi!
 
2014-01-13 10:12:27 PM  
it's not the shutdowns causing it. it's the sequester
 
2014-01-13 10:15:32 PM  
I should have got my GED in economics.
 
2014-01-13 10:28:43 PM  

dr_blasto: Must be time for more tax cuts.


When Bill Clinton was paying down the deficit, that is exactly what Republicans were yelling for. "Yore taking too much of are money!!"
 
2014-01-13 10:32:32 PM  

theknuckler_33: super_grass: theknuckler_33: Discussing monthly federal budget deficits/surplus' is pretty stupid.

Explain.

I'm getting a Clinton surplus vibe from the comments here.

Just for the simple fact that revenues and spending do not occur in a smooth manner throughout the fiscal year. Extrapolating anything from a single month is pretty stupid.


52 billion dollar surplus, 40 billion in payments from two GSEs who owe the govt hundreds of billions. Lets not act like it's a trend just yet, I agree.

Democrats are the party of "lets spend it and the voters will come". They oppose spending cuts at every turn, make up a mythology around "the evils of austerity" to oppose them, ignoring how it worked it Germany and elsewhere, and tben, when things are looking up and deficits drop, suddenly no more talk of the horrors of austerity because it's time to take credit for controlling spending after opposing all spending cuts for 4 years.

That's the Democratic Party.
 
2014-01-13 10:32:59 PM  
Shhhh dont tell the GOP then we will get another Bush to pilfer it for Tax Cuts for the rich like last time.

I still think what good we could have done rebuilding our infrastructure with that money but hey I guess we got it back due to trickle down...Right? right...
 
2014-01-13 10:36:17 PM  

Animatronik: theknuckler_33: super_grass: theknuckler_33: Discussing monthly federal budget deficits/surplus' is pretty stupid.

Explain.

I'm getting a Clinton surplus vibe from the comments here.

Just for the simple fact that revenues and spending do not occur in a smooth manner throughout the fiscal year. Extrapolating anything from a single month is pretty stupid.

52 billion dollar surplus, 40 billion in payments from two GSEs who owe the govt hundreds of billions. Lets not act like it's a trend just yet, I agree.

Democrats are the party of "lets spend it and the voters will come". They oppose spending cuts at every turn, make up a mythology around "the evils of austerity" to oppose them, ignoring how it worked it Germany and elsewhere, and tben, when things are looking up and deficits drop, suddenly no more talk of the horrors of austerity because it's time to take credit for controlling spending after opposing all spending cuts for 4 years.

That's the Democratic Party.


Whereas the Republican party speaks only of spending cuts for any and all social programs, while more than offsetting those cuts with increased Department of Defense spending to negate any actual savings that could occur, and then they lower tax rates (primarily for the higher income tax brackets) to accelerate the increasing of the national debt.

That is the Republican Party.
 
2014-01-13 10:36:24 PM  

Animatronik: theknuckler_33: super_grass: theknuckler_33: Discussing monthly federal budget deficits/surplus' is pretty stupid.

Explain.

I'm getting a Clinton surplus vibe from the comments here.

Just for the simple fact that revenues and spending do not occur in a smooth manner throughout the fiscal year. Extrapolating anything from a single month is pretty stupid.

52 billion dollar surplus, 40 billion in payments from two GSEs who owe the govt hundreds of billions. Lets not act like it's a trend just yet, I agree.

Democrats are the party of "lets spend it and the voters will come". They oppose spending cuts at every turn, make up a mythology around "the evils of austerity" to oppose them, ignoring how it worked it Germany and elsewhere, and tben, when things are looking up and deficits drop, suddenly no more talk of the horrors of austerity because it's time to take credit for controlling spending after opposing all spending cuts for 4 years.

That's the Democratic Party.


With the suffering infrastructure, nigh-nonexistant middle class, and positively embarrassing education and healthcare systems (although the latter is SLIGHTLY less embarrassing now), a surplus is not a good thing. We SHOULD be spending money on those things, and gutting the disgustingly bloated military budget if we absolutely MUST cut spending.
 
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