@DCGoldPants Posted July 11, 2014 Share Posted July 11, 2014 U.S. posts $70.5 billion June budget surplus WASHINGTON (Market watch) -- The U.S. federal government ran a budget surplus of $70.5 billion in June, the Treasury Department reported Friday. For the fiscal year to date, the deficit is $366 billion, 28% less than the shortfall recorded in the same period last year, thanks mostly to increased revenue. This is the lowest year-to-date deficit in June since 2008. The government's receipts totaled $323.6 billion in June, and spending was $253.1 billion. In June last year, the government posted a surplus of $117 billion, boosted in part by a large onetime payment from Fannie Mae. The government's fiscal year runs from October to September. Link to comment Share on other sites More sharing options...
Chew Posted July 11, 2014 Share Posted July 11, 2014 Wait...aren't we the people supposed to be filing a lawsuit against Obama? Link to comment Share on other sites More sharing options...
Elessar78 Posted July 11, 2014 Share Posted July 11, 2014 Wait for it . . . tsunami of posts pointing out that that number is an illusion, it's really not a surplus because of x,y, and Obamacare coming this way. Link to comment Share on other sites More sharing options...
G.A.C.O.L.B. Posted July 11, 2014 Share Posted July 11, 2014 Wait for it . . . tsunami of posts pointing out that that number is an illusion, it's really not a surplus because of x,y, and Obamacare coming this way. So in other words: Cue twa? Link to comment Share on other sites More sharing options...
Skinz4Life12 Posted July 11, 2014 Share Posted July 11, 2014 So in other words: Cue twa? Haha, I laughed Link to comment Share on other sites More sharing options...
DaGoonie55 Posted July 11, 2014 Share Posted July 11, 2014 Sooooooo.......... We don't pay taxes in August? (please) Link to comment Share on other sites More sharing options...
Larry Posted July 11, 2014 Share Posted July 11, 2014 Somehow, I assume it's a one-month aberration, rather than an indication that annual surpluses are remotely close. Still, it's certainly a good sign. Link to comment Share on other sites More sharing options...
Corcaigh Posted July 11, 2014 Share Posted July 11, 2014 Nothing really to see here. Month to month during a year there are deficits and surpluses depended on when bills are due and receipts are received. The annual deficit as a percentage of GDP continues to decline, but we're not forecasting a surplus ... ever. Link to comment Share on other sites More sharing options...
Duckus Posted July 11, 2014 Share Posted July 11, 2014 Dead cat surplus. But yes, Corcaign chart looks to explain it pretty well. Link to comment Share on other sites More sharing options...
AzSkinsFan63 Posted July 11, 2014 Share Posted July 11, 2014 Happy days are here again! Link to comment Share on other sites More sharing options...
twa Posted July 11, 2014 Share Posted July 11, 2014 Wait for it . . . tsunami of posts pointing out that that number is an illusion, it's really not a surplus because of x,y, and Obamacare coming this way. If it makes ya feel better to call continually borrowing money a surplus ....feel free my wife got a credit card and thinks she has money too. btw, no thanks necessary ya slackers http://www.ihs.com/info/ecc/a/americas-new-energy-future-report-vol-2.aspx http://texanomics.blogspot.com/2012/10/the-truth-about-us-oil-production.html?m=1 Link to comment Share on other sites More sharing options...
Elessar78 Posted July 11, 2014 Share Posted July 11, 2014 It's a good read. Link to comment Share on other sites More sharing options...
Larry Posted July 11, 2014 Share Posted July 11, 2014 Wait for it . . . tsunami of posts pointing out that that number is an illusion, it's really not a surplus because of x,y, and Obamacare coming this way. So in other words: Cue twa? Silly people. twa doesn't support his claims . . . If it makes ya feel better to call continually borrowing money a surplus ....feel free my wife got a credit card and thinks she has money too. . . . he simply announces that the surplus does not exist, with no reasons or support whatsoever. Link to comment Share on other sites More sharing options...
twa Posted July 11, 2014 Share Posted July 11, 2014 a surplus exists on the same plane the deficit has been reduced.....meanwhile the debt keeps climbing right??. do you need support for that last part? Link to comment Share on other sites More sharing options...
zoony Posted July 11, 2014 Share Posted July 11, 2014 a surplus exists on the same plane the deficit has been reduced.....meanwhile the debt keeps climbing right??. do you need support for that last part? If only Mitt Romney were here to sweep in on his golden chariot to abolish the debt once and for all by eliminating Big Bird and cutting food stamps Link to comment Share on other sites More sharing options...
twa Posted July 11, 2014 Share Posted July 11, 2014 be better than the present , but we can do even better Link to comment Share on other sites More sharing options...
Larry Posted July 11, 2014 Share Posted July 11, 2014 a surplus exists on the same plane the deficit has been reduced.....meanwhile the debt keeps climbing right??. Uh, that "plane" you're referring to? It's called "reality". And yes, that's the place where the deficit has been reduced, and a one-month-aberration surplus exists. (You wouldn't like it there. Not many Republicans.) And no, you see, in "reality", when there's a surplus, it means that the debt went down. It's kind of inherent in the definition. do you need support for that last part? Now that's an interesting philosophical question. Do I need support for a claim that isn't true? Nope. Don't think so. Link to comment Share on other sites More sharing options...
G.A.C.O.L.B. Posted July 11, 2014 Share Posted July 11, 2014 be better than the present , but we can do even better Curious, who's got your early support for 2016? Talking president Link to comment Share on other sites More sharing options...
twa Posted July 11, 2014 Share Posted July 11, 2014 Uh, that "plane" you're referring to? It's called "reality". And yes, that's the place where the deficit has been reduced, and a one-month-aberration surplus exists. (You wouldn't like it there. Not many Republicans.) And no, you see, in "reality", when there's a surplus, it means that the debt went down. It's kind of inherent in the definition. Now that's an interesting philosophical question. Do I need support for a claim that isn't true? Nope. Don't think so. aberration is a good choice http://usadebtclock.com/ it means ya went in the hole at a slightly slower pace and still have higher deficit spending than in 08 and before....recovery summer is just around the corner. Curious, who's got your early support for 2016? Talking president not in support mode, but I'd like to see Walker,Ayotte,CXhristie,Paul and Portman run Condi would be nice,but I think she has better things to do Link to comment Share on other sites More sharing options...
Slateman Posted July 11, 2014 Share Posted July 11, 2014 Sooooooo.......... We don't pay taxes in August? (please) HA HA HA HA!!!!!!! Pick up the can, citizen Link to comment Share on other sites More sharing options...
Slateman Posted July 11, 2014 Share Posted July 11, 2014 Somehow, I assume it's a one-month aberration, rather than an indication that annual surpluses are remotely close. Still, it's certainly a good sign. I'm thinking someone forgot to carry a one or forgot to pay a bill or something. Link to comment Share on other sites More sharing options...
Larry Posted July 11, 2014 Share Posted July 11, 2014 it means ya went in the hole at a slightly slower pace No, it does not. But feel free to keep demonstrating that you don't know that words like "surplus" actually mean (or do, and just lie about them). It's entertaining. Link to comment Share on other sites More sharing options...
twa Posted July 11, 2014 Share Posted July 11, 2014 ya obviously need to look at the other set of books my good man how long before the deficit goes below 08 level? Link to comment Share on other sites More sharing options...
Larry Posted July 12, 2014 Share Posted July 12, 2014 ya obviously need to look at the other set of books my good man how long before the deficit goes below 08 level? Now there's more like it. Abandoning trying to make an obviously untrue claim. (And it only took four tries, too). And moving the goalposts, instead. Link to comment Share on other sites More sharing options...
Skinsfan1311 Posted July 12, 2014 Share Posted July 12, 2014 How can I be overdrawn? I still have checks! Link to comment Share on other sites More sharing options...
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