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Not At My Table - Political Discussions => National & International Politics => Topic started by: RecycleMichael on February 12, 2013, 01:59:10 PM

Title: U.S. posts budget surplus for January
Post by: RecycleMichael on February 12, 2013, 01:59:10 PM
http://www.businessinsider.com/us-budget-surplus-january-2013-2013-2

According to the latest Monthly Treasury Statement, the U.S. posted a budget surplus of $2.88 billion in January. Economists surveyed by Bloomberg were expecting a deficit of $2.0 billion.

According to Reuters, this is the first January budget surplus in five years.

Receipts were $272.2 billion while the spending was $269.3 billion.  This is important to remember, because budget deficits and surpluses aren't just about spending levels.  Indeed, growth plays just as important a role.
Title: Re: U.S. posts budget surplus for January
Post by: Townsend on February 12, 2013, 02:01:09 PM
Quote from: RecycleMichael on February 12, 2013, 01:59:10 PM
http://www.businessinsider.com/us-budget-surplus-january-2013-2013-2

According to the latest Monthly Treasury Statement, the U.S. posted a budget surplus of $2.88 billion in January. Economists surveyed by Bloomberg were expecting a deficit of $2.0 billion.

According to Reuters, this is the first January budget surplus in five years.

Receipts were $272.2 billion while the spending was $269.3 billion.  This is important to remember, because budget deficits and surpluses aren't just about spending levels.  Indeed, growth plays just as important a role.


I credit excessive tree removal.
Title: Re: U.S. posts budget surplus for January
Post by: Hoss on February 12, 2013, 03:11:44 PM
Quote from: Townsend on February 12, 2013, 02:01:09 PM
I credit excessive tree removal.

Remember: trees damage homes.
Title: Re: U.S. posts budget surplus for January
Post by: Townsend on February 12, 2013, 03:14:26 PM
Quote from: Hoss on February 12, 2013, 03:11:44 PM
Remember: trees damage homes.

They drop coconuts that kill 150ish people a year.
Title: Re: U.S. posts budget surplus for January
Post by: YoungTulsan on February 12, 2013, 03:23:30 PM
The IRS delayed tax refunds this year.
Title: Re: U.S. posts budget surplus for January
Post by: Gaspar on February 12, 2013, 03:32:37 PM
Quote from: YoungTulsan on February 12, 2013, 03:23:30 PM
The IRS delayed tax refunds this year.

Shhhh.  They're Trillions behind in refunds.  They waited until January 30th to open tax filing.  This of course creates some inflated numbers.
http://www.accountingtoday.com/news/IRS-Offers-Advice-Coping-Delayed-Tax-Season-65425-1.html

Then of course there is also this.

(http://api.ning.com/files/gZ370kKXRSXtikhaaXgj29NCxtGlMrGfRelFROE3m9ugM2K2AuhPTI-v9KgwXL8txoTojwR5*k6FwtuXWLg8uKTUFoI1ahmD/printing_money.jpg)

All of which makes Dr. Evil very happy.
(https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcR8hTvQgjj0xM9e5zbS1uPt1jMZbU9BX6t4HkoRj3n0EqNommQD)
Title: Re: U.S. posts budget surplus for January
Post by: Hoss on February 12, 2013, 03:48:15 PM
Quote from: YoungTulsan on February 12, 2013, 03:23:30 PM
The IRS delayed tax refunds this year.

Not by much.  Got mine in 9 days after filing (I did file on the 30th).  The state took only four days.