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Old 02-18-2013, 07:39 PM  
BigRedChief BigRedChief is offline
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Federal Gov has a surplus in Jan., Budget deficit cut in half from last Jan. deficit.

I thought that deficit was causing an economic catastrophe.

Read more: http://www.foxnews.com/politics/2013...#ixzz2LJBzQ5GW

January surplus shrinks 2013 US budget deficit


The federal government reported a rare surplus for January and is on track to run its smallest annual budget deficit since President Obama took office.

The Treasury Department said Tuesday that the government took in a surplus of $2.9 billion in January. That's the first monthly surplus since April, a month that benefited from income tax payments.


January's budget benefited from an estimated $9 billion in extra revenue from higher Social Security taxes. That helped lowered the deficit through the first four months of the budget year to $290.4 billion -- nearly $60 billion lower than the same period a year ago.
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http://www.reuters.com/article/2012/...8161WV20120207

http://www.reuters.com/article/2013/...91615R20130207

(Reuters) - The budget deficit shrank by nearly half in January compared to a year earlier as tax collections from individuals rose and outlays fell, the Congressional Budget Office said on Tuesday.


The CBO said it expects the Treasury Department to report a $27 billion deficit for January, versus a $50 billion deficit in January 2011.
The January budget gap will bring the total deficit for the first four months of fiscal 2012 to $349 billion, a decrease of about $70 billion from the same period of fiscal 2011.


The CBO last week predicted that the United States would rack up a $1-trillion-plus deficit for a fourth straight year, forecasting a $1.08 trillion gap for fiscal 2012, which ends on September 30. The fiscal 2011 U.S. deficit was $1.3 trillion.


January U.S. receipts were up about $9 billion, or 4 percent from a year earlier, largely because of higher withholdings of individual income and payroll taxes, CBO said.


Outlays were $13 billion, or 5 percent, lower in January 2012 than they were a year earlier. But because of the New Year's holiday, some benefit payments were shifted into December, reducing outlays during the month.


Were it not for these timing changes, the January deficit would have been slightly higher at about $31 billion, CBO said.


The Treasury is expected to report official January budget details on Friday.
(Reporting By David Lawder; Editing by Chizu Nomiyama)
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Old 03-13-2013, 05:19 PM   #121
2bikemike 2bikemike is offline
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Originally Posted by KC Dan View Post
yeah, that didn't last too long....

The Treasury Department said Wednesday that the deficit grew in February by $203.5 billion. That followed a small surplus of $2.9 billion in January. And February’s gap was $28 billon smaller than the same month a year ago.

http://business.time.com/2013/03/13/...ruary-by-204b/
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Originally Posted by patteeu View Post
BigRedObamafan was just about to post a thread about this.
Come on, the debt doesn't matter! Obama says were good to go, No worries.
I think we should all start running deficits every month.

http://news.yahoo.com/president-obam...-politics.html
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Old 03-13-2013, 05:28 PM   #122
Saul Good Saul Good is offline
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Originally Posted by patteeu View Post
BigRedObamafan was just about to post a thread about this.
He and J Diddy will be here any minute...
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Saul 2014
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Old 03-13-2013, 08:13 PM   #123
BigRedChief BigRedChief is offline
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Quote:
Originally Posted by patteeu View Post
BigRedObamafan was just about to post a thread about this.
thats not fair. I've got a lot shit on my plate. Besides it doesn't fit the narrative.
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I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 03-14-2013, 08:32 AM   #124
Comrade Crapski Comrade Crapski is offline
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What's the national debt? Anybody know?
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Old 03-14-2013, 10:04 AM   #125
2bikemike 2bikemike is offline
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Originally Posted by Comrade Crapski View Post
What's the national debt? Anybody know?
More than it was yesterday, but less than what it will be tomorrow.
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Old 03-14-2013, 10:11 AM   #126
Comrade Crapski Comrade Crapski is offline
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Originally Posted by 2bikemike View Post
More than it was yesterday, but less than what it will be tomorrow.
Thanks. I was just kinda confused with all the talk about surpluses and what not.
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