U.S. Government Posts April Budget Surplus of $59.1 Billion on Tax Income

May 11, 2012 | Posted by: Mr_Bill | Full story: www.bloomberg.com

The U.S. government posted a budget surplus in April, the first in more than three years, as tax revenue climbed and spending dropped.

Receipts topped outlays by $59.1 billion compared with a deficit of $40.4 billion in April 2011, the Treasury Department said today. Economists projected a $35 billion surplus, according to the median estimate in a Bloomberg News survey. It was the first surplus since September 2008 and the biggest since April 2008.

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41 - 58 of 58 Comments Last updated May 14, 2012
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Frank Rizzo

Santa Rosa, CA

#42 May 11, 2012
Robert wrote:
Before you Obama koolaid drinking liberals get all giddy let me give you some facts.
Does April 15th have any significance? We always get a bump in April from people paying their taxes. Look at the US treasury stats, April has been a surplus month in 44 of the past 58 fiscal years.
And as for the size of the size of the surplus look at the size of the numbers.
59,100,000,000 <---The surplus
1,300,000,000,000 <-Obama overspending 2013 Budget
3,800,000,000,000 <-Obama's proposed 2013 Budget
2,500,000,000,000 <-Projected federal revenue
Does not look so big now does it and it is not really a surplus anyway it is only one month, soon as you add in the other months their deficits make it go away.
Ok, you can go back now to reading about whose hair Romney pulled 50 years ago or what Kim whatshername is doing.
LOL. Great post. The Gubment thinks the people are lemmings...and half of them are.
Drink the Hive

New York, NY

#43 May 11, 2012
Same Thing Happened 2 Me When I Played Neil Armstrong In Moonshot - They Found Me In An Alley In Manhattan Trying 2 Re-Enter The Earth's Atmosphere In An Old Refrigerator Box(Amazing)...



Bob

De Forest, WI

#44 May 12, 2012
Robert wrote:
<quoted text>
Recession is not Bush's fault anyway. If there were no bailouts the banks and their investors would have taken the hit for the greedy bankers excesses instead of the tax payers, It was Bill Clinton who signed the act which did away with the restrictions put in place after the great depression to prevent too big to fail. It is Clinton's fault.
And lets not forget the AUTHORS of that infamous act.
REPUBLICAN Sen. Phil Gramm and cosponsored by REPUBLICAN Sen.Richard Lugar.
In other words.... REPUBLICANS WROTE THE FRICK'N BILL.
Robert

Hollywood, FL

#45 May 12, 2012
Bob wrote:
<quoted text>
And lets not forget the AUTHORS of that infamous act.
REPUBLICAN Sen. Phil Gramm and cosponsored by REPUBLICAN Sen.Richard Lugar.
In other words.... REPUBLICANS WROTE THE FRICK'N BILL.
No it is not a republican democrat thing, It is a bit complex when you lay out what caused the recession. When you study it you find fault in a lot of places, Time magazine did a piece where they blamed 25 people most at fault, most were not in government and we have no control over directly, some were politicians, some were regulators, some were democrats, some were republicans.

“bar0ckalypse N0W”

Since: Mar 10

Huntington Station, NY

#47 May 12, 2012
BROWN WARNS OF BIG CUTS...
'Worst recession since 1930s'...

LOS ANGELES — The state budget shortfall in California has increased dramatically in the last six months, forcing state officials to assemble a series of new spending cuts that are likely to mean further reductions to schools, health care and other social programs already battered by nearly five years of budget retrenchment, state officials announced on Saturday.

Perhaps chasing all those businesses out of the state and letting in all those illegals wasn't such a good idea after all? They should have got the hint when the prisons were overflowing.
Robert

Hollywood, FL

#49 May 12, 2012
mjjcpa wrote:
BROWN WARNS OF BIG CUTS...
'Worst recession since 1930s'...
LOS ANGELES — The state budget shortfall in California has increased dramatically in the last six months, forcing state officials to assemble a series of new spending cuts that are likely to mean further reductions to schools, health care and other social programs already battered by nearly five years of budget retrenchment, state officials announced on Saturday.
Perhaps chasing all those businesses out of the state and letting in all those illegals wasn't such a good idea after all? They should have got the hint when the prisons were overflowing.
Quit helping people and everything will be alright

“bar0ckalypse N0W”

Since: Mar 10

Huntington Station, NY

#50 May 12, 2012
Robert wrote:
<quoted text>
Quit helping people and everything will be alright
We're junkies and can't just quit cold turkey. Hoover turned on the lights and stopped the party too abruptly it got really bad very fast. Bush had it right when he merely wanted to cut the rate of GROWTH RATES of programs, not actually cut them. This means when people left the govt or retired they weren't replaced, and the fed workforce would slowly shrink by attrition. Harry pelosi & Co. called him every name in the book. We're a rich, benevolent country and can do much for many. We just can't do everything for everyone and need to prioritize. Taking care of our own citizens before illegal aliens is a good place to start.
Robert

Hollywood, FL

#51 May 12, 2012
mjjcpa wrote:
<quoted text>
We're junkies and can't just quit cold turkey. Hoover turned on the lights and stopped the party too abruptly it got really bad very fast. Bush had it right when he merely wanted to cut the rate of GROWTH RATES of programs, not actually cut them. This means when people left the govt or retired they weren't replaced, and the fed workforce would slowly shrink by attrition. Harry pelosi & Co. called him every name in the book. We're a rich, benevolent country and can do much for many. We just can't do everything for everyone and need to prioritize. Taking care of our own citizens before illegal aliens is a good place to start.
A lot of the trouble we have got ourselves into is because we have tried to make life not so hard or hurt then when things go badly we are not ready for it. And no matter how good the justification is for something if you don't have the money for it you don't have the money for it.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#52 May 14, 2012
Robert wrote:
<quoted text>
People are not buying the it is Bush's fault after 4 years. Obama blew it, spending money you have to print will not solve the economy. How many trillions of dollars will Obama spend that is still Bush's fault.
Recession is not Bush's fault anyway. If there were no bailouts the banks and their investors would have taken the hit for the greedy bankers excesses instead of the tax payers, It was Bill Clinton who signed the act which did away with the restrictions put in place after the great depression to prevent too big to fail. It is Clinton's fault. Obama has still not done anything about too big to fail, in fact the banks are even bigger now.
If you excuse GW Bush for the terrible state he left our economy, you are lying to yourself.

There is No help for those who lie to themselves. I can't argue against ignorance.
JBH

Richmond, Canada

#53 May 14, 2012
AFTER HEAVY CRITICISM BY ROMNEY AND REPULICANS, THEY FINANLY got to do the drop of spending, FOR THIS IS the credit of Romney and people.

However, it is still short of most evEryting about the overall picture of the economy, especially including the large trade debts to China.

But is is not anticipated there will be substantial showing from Obama in the economic matters , concerning the stability of the finance and employment pictures and other economic matters.

This means it really needs the next governement to do a lot of repairing the economy, for Romney is going to take over the office , as people must enhance getting that done by electing Romney-2012.

Dude where is my recovery

Hollywood, FL

#54 May 14, 2012
Mr_Bill wrote:
<quoted text>
If you excuse GW Bush for the terrible state he left our economy, you are lying to yourself.
There is No help for those who lie to themselves. I can't argue against ignorance.
Yes, the economy was in recession when President Obama entered office, which he never tires of telling us. But that was not unique to Obama. There have been 12 recessions in America since the Great Depression. The American people have forgotten what that was like because President Reagan and his Reaganite Republicans gave us a 25 year economic boom from 1982 to 2007 with no serious downturn.
President Obama's responsibility was to manage a timely, robust recovery to get America back on track again. His record in achieving that is not to be measured from the worst of the recession, but to previous recoveries in U.S. history. And, no, President Obama cannot say that his recovery is so bad because the recession was so bad (worse than he thought he now tells us, after spending all of 2008 telling us it was the worst recession since the Great Depression). The American historical record is that the worse the recession the stronger the recovery, as traditional, long-term, American prosperity has always been restored.
Based on that historical record, we should be in the third year of an economic recovery boom right now. That is what we experienced under Reagan, which was the last time we recovered from a recession of similar magnitude.
In the first 2 ½ years of the Reagan recovery, the American economy created 8 million new jobs, the unemployment rate fell by 3.6 percentage points, real wages and incomes were jumping, and poverty had reversed an upsurge started under Carter, beginning a long-term decline. While Obama crows about 227,000 jobs created last month, in September, 1983 the Reagan recovery less than a year after it began created 1.1 million jobs in that one month alone. In the second year of the Reagan recovery, real economic growth boomed by 6.8%, the highest in 50 years.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#55 May 14, 2012
Dude where is my recovery wrote:
<quoted text>
Yes, the economy was in recession when President Obama entered office, which he never tires of telling us. But that was not unique to Obama. There have been 12 recessions in America since the Great Depression. The American people have forgotten what that was like because President Reagan and his Reaganite Republicans gave us a 25 year economic boom from 1982 to 2007 with no serious downturn.
President Obama's responsibility was to manage a timely, robust recovery to get America back on track again. His record in achieving that is not to be measured from the worst of the recession, but to previous recoveries in U.S. history. And, no, President Obama cannot say that his recovery is so bad because the recession was so bad (worse than he thought he now tells us, after spending all of 2008 telling us it was the worst recession since the Great Depression). The American historical record is that the worse the recession the stronger the recovery, as traditional, long-term, American prosperity has always been restored.
Based on that historical record, we should be in the third year of an economic recovery boom right now. That is what we experienced under Reagan, which was the last time we recovered from a recession of similar magnitude.
In the first 2 ½ years of the Reagan recovery, the American economy created 8 million new jobs, the unemployment rate fell by 3.6 percentage points, real wages and incomes were jumping, and poverty had reversed an upsurge started under Carter, beginning a long-term decline. While Obama crows about 227,000 jobs created last month, in September, 1983 the Reagan recovery less than a year after it began created 1.1 million jobs in that one month alone. In the second year of the Reagan recovery, real economic growth boomed by 6.8%, the highest in 50 years.
You ignote too many realities and facts to even bother with; so I'll just tweak you by reminding you that Reagan's "recovery" was no recovery at all, as it was based on borrowing to pay for tax cuts, not growth.

Obama does face a similar situation, but the cause is again the GOP's refusal to raise taxes on those who can well afford it.
Robert

Hollywood, FL

#56 May 14, 2012
Mr_Bill wrote:
<quoted text>
You ignote too many realities and facts to even bother with; so I'll just tweak you by reminding you that Reagan's "recovery" was no recovery at all, as it was based on borrowing to pay for tax cuts, not growth.
Obama does face a similar situation, but the cause is again the GOP's refusal to raise taxes on those who can well afford it.
OK I will play that game, Regan borrowed to some extent to create tax cuts, got 8 million jobs in 2.5 years and 6.8 % growth which brought in more revenue, which brought in more taxes to pay for what we lost by lowering the rate.

Obama borrowed too, oh and boy did he borrow, what did he get? Just the debt and fewer to pay for it because unemployment continued to rise. Jobs he gets too few and too late.

The point is still the worse the recession the better the recovery but no so with Obama.
Your Ex

Madison, WI

#57 May 14, 2012
JBH wrote:
AFTER HEAVY CRITICISM BY ROMNEY AND REPULICANS, THEY FINANLY got to do the drop of spending, FOR THIS IS the credit of Romney and people.
However, it is still short of most evEryting about the overall picture of the economy, especially including the large trade debts to China.
But is is not anticipated there will be substantial showing from Obama in the economic matters , concerning the stability of the finance and employment pictures and other economic matters.
This means it really needs the next governement to do a lot of repairing the economy, for Romney is going to take over the office , as people must enhance getting that done by electing Romney-2012.
Vous êtes anti-américanisme est très anti-canadienne. Aller s'étouffer sur vos sables bitumineux sale cul.
Your Ex

Madison, WI

#58 May 14, 2012
Robert wrote:
<quoted text>
OK I will play that game, Regan borrowed to some extent to create tax cuts, got 8 million jobs in 2.5 years and 6.8 % growth which brought in more revenue, which brought in more taxes to pay for what we lost by lowering the rate.
Obama borrowed too, oh and boy did he borrow, what did he get? Just the debt and fewer to pay for it because unemployment continued to rise. Jobs he gets too few and too late.
The point is still the worse the recession the better the recovery but no so with Obama.
The American response to economic slowdowns has traditionally been one of boldness — investment in infrastructure and education, strong support for individuals, farms and small businesses that need a hand, renewal of commitments to the public employees and public services that keep communities thriving even in hard times. This is how Franklin Roosevelt, Dwight Eisenhower, John Kennedy, Gerald Ford, George H.W. Bush and Bill Clinton responded when challenges arose. And the arc of history has proven that the strategy works.
Read more: http://host.madison.com/ct/news/opinion/colum...

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#59 May 14, 2012
Robert wrote:
<quoted text>
OK I will play that game, Regan borrowed to some extent to create tax cuts, got 8 million jobs in 2.5 years and 6.8 % growth which brought in more revenue, which brought in more taxes to pay for what we lost by lowering the rate.
Obama borrowed too, oh and boy did he borrow, what did he get? Just the debt and fewer to pay for it because unemployment continued to rise. Jobs he gets too few and too late.
The point is still the worse the recession the better the recovery but no so with Obama.
Robert, you just cannot, and I mean really cannot justify blaming Obama for the money borrowed to pay for Bush's terrible deficit; to pull us back from Bush's Depression; or recovery from Bush's Great Recession.

I will certainly accept blaming Obama for spending on the new natonal heatlh program he championed, but I'll insist you deduct the expenses saved by it.
Do you have such a figure, or are you just blowing smoke by blaming Obama for Bush's sins?

CORRECTION: We still havn't paid off Rega's debt.

“bar0ckalypse N0W”

Since: Mar 10

Huntington Station, NY

#60 May 14, 2012
Mr_Bill wrote:
<quoted text>
If you excuse GW Bush for the terrible state he left our economy, you are lying to yourself.
There is No help for those who lie to themselves. I can't argue against ignorance.
Harry pelosi and the liberals torpedoed the maxine frank housing bubble with $150/barrel oil.

Surrendercrats tanked the economy to get a marxist elected.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#61 May 14, 2012
mjjcpa wrote:
<quoted text>
Harry pelosi and the liberals torpedoed the maxine frank housing bubble with $150/barrel oil.
Surrendercrats tanked the economy to get a marxist elected.
What are you, Rush's typing colostomy bag?

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