Deficit Falls to Lowest Level in 4 Years

[ylexot (Premo)]

The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues.

How can that be? There was a tax cut for the rich! It doesn't make sense!

[Lenny]

The Treasury said for December, the government actually ran a surplus of $44.5 billion, the largest surplus ever recorded in December and a gain that reflected a big jump in quarterly corporate tax payments.

Using Clintoneconomics, they would quit counting at this point and blame the next adminstration for losing this surplus. In fact, when Billary left the White House with the First Family Furniture, any surplus had disappeared.

[forestal]

Imagine how soon we could pay off the debt with even higher taxes on the rich! That would generate an even bigger surge.

BTW, they are still forecasting yet another record deficit, and our national debt stands at 8.6 TRILLION dollars.

Won't that be fun to hand off to our kids???

Originally Posted by ylexot

The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues.

How can that be? There was a tax cut for the rich! It doesn't make sense!

[forestal]

I wouldn't criticize Clinton when it comes to the economy. We actually started paying down our trillions of dollars in debt under Bill.

Originally Posted by Lenny

Using Clintoneconomics, they would quit counting at this point and blame the next adminstration for losing this surplus. In fact, when Billary left the White House with the First Family Furniture, any surplus had disappeared.

[Lenny]

Originally Posted by forestal

I wouldn't criticize Clinton when it comes to the economy. We actually started paying down our trillions of dollars in debt under Bill.

Actually we didn't. Once the Republicans got to see the books, the hollowness of Billaries' claims was evident.

[ylexot (Premo)]

Originally Posted by forestal

Imagine how soon we could pay off the debt with even higher taxes on the rich!

Ok, lets. Increase taxes on "the rich"...investments drop because the government is taking away the money...economy starts to tank...revenues drop.

Good job numbnuts.

[MMDad (Premo)]

"Tax the rich
Feed the poor
Till there ain't no
Rich no more"

Then what? Who feeds the poor?

Not the poor, they can't do it.... Hmmm..... Maybe they just starve?

[Pete (Premo)]

Originally Posted by forestal

Imagine how soon we could pay off the debt with even higher taxes on the rich! That would generate an even bigger surge.

BTW, they are still forecasting yet another record deficit, and our national debt stands at 8.6 TRILLION dollars.

Won't that be fun to hand off to our kids???

You mean like George Washington handed off starting in the second year of his presidency?

Get off the koolaide box, deficit spending has, is and will be a fact of life.

Increase the taxes on the wealthy, they will slow spending, revenue will drop, investments will tank taking Joe Truck drivers mutual fund with it.

[ylexot (Premo)]

Deficit Falls to Lowest... 01-12-2007 09:16 PM if you have a brain, start using it please

Interesting. It couldn't have been forestal because he's in the red. It must be someone who is soooooo smart that they can't argue their point.

[Lenny]

Deficit Falls to Lowest... 01-12-2007 09:16 PM the hollowness of your head is very evident!

OK, Forestal, you've tried to be witty and failed. Billary will be proud you tried, be happy with that (for what it's worth). Now go back to your corner and sip your Kool-Aid.