U.S. posts $3 billion budget surplus for January

Discussion in 'Current Events' started by mdrobster, Feb 12, 2013.

  1. mdrobster

    mdrobster Well-Known Member

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    http://news.yahoo.com/u-posts-3-billion-budget-surplus-january-192158446--business.html
    It appeared the Treasury got a boost from the expiration of a payroll tax reduction on January 1 following the last-minute "fiscal cliff" deal. In its estimate last week, the Congressional Budget Office said the Treasury got an extra $9 billion in taxes from the expiry.

    So it looks like tax cuts do not increase revenue. I certainly remember all the doom and gloom about the "raising" of taxes on this issue and how it will hurt the US. The fact that $9B was added sure seems like a positive step.
     
  2. Toefoot

    Toefoot Well-Known Member Past Donor

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    CBO estimate?
     
  3. Bondo

    Bondo Well-Known Member

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    Ayuh,.... atad disingenuous ain't it,...

    I mean havin' a budget surplus, when there ain't been a Budget in 5 Years now....
     
  4. Albert Di Salvo

    Albert Di Salvo New Member

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    Payroll taxes went up...ergo...budget surplus.
     
  5. Durandal

    Durandal Well-Known Member Donor

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    Especially when it will end up going to pay rises for the dopes who caused the problem in the first place, more pay and benefits to corrupt public sector unions and free stuff for Obama's base.
     
  6. Crafty

    Crafty Well-Known Member

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    Budget surplus, yet debt soared during the same time... something isn't right.

    http://www.zerohedge.com/news/2013-02-12/us-posts-two-month-combined-surplus-debt-rises-137-billion

     
  7. JWBlack

    JWBlack New Member

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    Good old fashioned smoke and mirrors.
     

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