Are you surprised that the US Government just recorded the biggest ever June budget surplus (meaning we took in $117 billion more than we spent)?
And yet the debt is still increasing.
No, that has been the standard trend, the deficit is falling pretty quickly.
Suspicious is a better term...
Don't worry, we will eventually elect another Republican President who will reverse that.
Well judging by these sourpuss comments, I'm happy to see that I have more conservative followers these days than I used to ;)
I smell cooked books.
Creative accounting. All smoke and mirrors.
At the screwing on many tax payers
And somehow the government still managed to borrow 137 billion dollars last month.
That's a standard business practice. Companies sitting on cash do it all the time.
It is not a surplus when the current budget (which we really don't have) is going to end the year with a deficit. That is the same thing as me saying I got paid $500 today but yesterday I spent $1000. That 500 is already spent.
Over half is an accounting gimmick. They transferred $66b from Fannie Mae/Freddie Mac. Even when adjusting for that I don't get how it is a surplus when CBO still projects the year to end with a deficit of 600-700b
If you know please enlighten me.
I feel like the only purpose of this question is to tell us that we had a surplus last month, seeing as none of us are financial analysts who could possibly forecast a budget surplus or deficit and be surprised by this.
Thanks for the feedback :)
Seeing as we hit 17 trillion dollars of debt this monthwww.usadebtclock.com/
Reagan are you a new member to the community or did you just change your name? Sorry to be blunt.
Well since anybody paying attention has always known that the deficit histrionics have always been a ruse, I'm not surprised. Especially since we've been kicking children out of preschools and such to save money we don't need to save.