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

Comments (18)
Harry079 wrote:

Well if that is the case why did the Federal Debt increase $45 billion in January.

Geitner started January 1 using the “Clawback” borrowing authority since they Technically Hit The Debt Limit on December 31.

Feb 12, 2013 2:36pm EST  --  Report as abuse
saavedra wrote:

“It appeared the Treasury got a boost from the expiration of a payroll tax reduction on January 1…”

Just a cotton pickin’ second. You mean increased revenues actually increases revenues? That’s not what Mitt Romney promised me.

Feb 12, 2013 2:52pm EST  --  Report as abuse
saavedra wrote:

“It appeared the Treasury got a boost from the expiration of a payroll tax reduction on January 1…”

Just a cotton pickin’ second. You mean increased revenues actually increases revenues? That’s not what Mitt Romney promised me.

Feb 12, 2013 2:52pm EST  --  Report as abuse
saavedra wrote:

“It appeared the Treasury got a boost from the expiration of a payroll tax reduction on January 1…”

Just a cotton pickin’ second. You mean increased revenues actually increases revenues? That’s not what Mitt Romney promised me.

Feb 12, 2013 2:52pm EST  --  Report as abuse
saavedra wrote:

“It appeared the Treasury got a boost from the expiration of a payroll tax reduction on January 1…”

Just a cotton pickin’ second. You mean increased revenues actually increases revenues? That’s not what Mitt Romney promised me.

Feb 12, 2013 2:52pm EST  --  Report as abuse
saavedra wrote:

“It appeared the Treasury got a boost from the expiration of a payroll tax reduction on January 1…”

Just a cotton pickin’ second. You mean increased revenues actually increases revenues? That’s not what Mitt Romney promised me.

Feb 12, 2013 2:52pm EST  --  Report as abuse

saavedra,
Gotta learn how to use your PC. Perhaps you’re using a MAC, which is understandable.

Feb 12, 2013 3:14pm EST  --  Report as abuse
justinolcb wrote:

whispers to Anna Yukhananov, Andrea Ricci and James Dalgleish … the national debt is $16 trillion and growing every second… there is no surplus and will be no surplus for many many decades, or ever

Feb 12, 2013 3:45pm EST  --  Report as abuse
USAPragmatist wrote:

@justinolcb, news flash, debt and deficits/surpluses are two different things. Yes one drives another, but they are different. But hey you are a rightie/Obama hater, so reality doesn’t matter to you.

Feb 12, 2013 4:49pm EST  --  Report as abuse
4ngry4merican wrote:

Lies! Fake numbers! Balderdash! We have a spending problem! Obummer is the worst President in history! Benghazibenghazibenghazibenghazi….

Feb 12, 2013 4:59pm EST  --  Report as abuse
cbj wrote:

Wouldn’t this or rather, shouldn’t this be considered an ‘overpayment’ by the public. At the very least it seems to be unethical to charge someone one price and then ‘cook the books’ in order to ‘realize a profit’.
It seems to me that someone is applying the art form of interpretive dance to what is after all a question of logic.

Feb 12, 2013 5:15pm EST  --  Report as abuse
Harry079 wrote:

USAPrag says: “news flash, debt and deficits/surpluses are two different things”

Correctomundo USAPrag they are two very different things.

Deficits are a daily, monthly, yearly thing, while debts are carried from year to year.

In 2012 the DAILY deficit spending averaged a little over $3.5 billion a day or $120 billion a month. That over spending IS dropping and has been for a few months.

On Dec.31 2012 the Treasury hit the Technical Debt Limit and was using the “Clawback Borrowing” due to Congress not officially passing the “Temporary Elimination of the Debt Limit” until recently.

The Treasury did NOT show on it’s Daily Treasury statement an increase in the Debt subject to the limit for over 5 weeks. That meant they were using the clawback borrowing until President Obama signed the bill temporarily eliminating the debt limit.

In that five week period the Debt rose $45 billion. Now whatever the Treasury clawed back in that period will have to be repaid back to whatever pension they took it from which also will not count against the deficit.

Feb 12, 2013 5:53pm EST  --  Report as abuse
Harry079 wrote:

For example:

$16,450,185,000,000 is yesterdays debt subject to some future limit.

$16,449,127,000,000 is Fridays debt subject to some future limit.

As you can see it only increased about $1.5 billion since last Friday.

Which is a good thing.

Feb 12, 2013 6:04pm EST  --  Report as abuse
assmuncher wrote:

@ 4ngry4merican couldn’t agree more

Feb 12, 2013 6:11pm EST  --  Report as abuse
Harry079 wrote:

One more thing about January 2013:

The IRS didn’t start processing refunds until much later in the month than normal.

The January total for individual tax refunds was $680 million.

The first 11 days of February is $34 billion.

For some reason I don’t think there will be any Budget Surpluses for February 2013.

Feb 12, 2013 6:29pm EST  --  Report as abuse
theisen wrote:

Isn’t this the Social Security money, and we are now using it to run the government? (Yes it is and yes we are.)

Feb 12, 2013 7:12pm EST  --  Report as abuse
zeddd wrote:

give it back to the hard working slaves it was stolen from.

Feb 12, 2013 9:13pm EST  --  Report as abuse
Nobo4me wrote:

budget surplus, you say? WHAT BUDGET! There hasn’t been a budget passed in over 5 years. Shameful lies and pandering.

Feb 13, 2013 1:49pm EST  --  Report as abuse
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