The Treasury just released its monthly receipts and outlays report, which is coherently and comparatively presented below:
The deficit through the first three months of the current fiscal year is almost $39 billion, or 32.7%, lower than last year's comparable figure. Receipts are up a bit over 8%, as the supply-side tax cuts continue their "magic." The real surprise is that outlays have barely budged, actually going up at a rate that is substantially lower than inflation (Psst -- Don't tell Congress that). Will the media notice?
Cross-posted at BizzyBlog.com.
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Quickly congress, we MUST r
January 12, 2007 - 16:16 ET by MightyMouthQuickly congress, we MUST repeal the tax cuts to reverse this alarming trend!
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
New congress will get the credit
January 12, 2007 - 16:27 ET by Gary HallTom, without a doubt - within a very short period of time, the MSM will latch on to this news. "Just like promised, the new Democraticly controlled congress, performed just as they promised they would. They put an end to excessive spending and lowered the budget deficit.." ----- Kinda reminds us of the reverse - Bush caused the CA energy crisis in CA in 2000 (LA Times and Newsweek were so bold to lable it the 2001 CA energy crisis) - Bush caused all of the corporate fraud in the late 90's bubble economy - Bush caused the $400+ billion in tax revenue reversal (which hit before his tax cuts were on the books.
Gary, I think they will wai
January 12, 2007 - 16:35 ET by MightyMouthGary, I think they will wait and use this for ammo for the 08 elections. The proximity to the prior congress is too close. THEY somehow will be the ones that reduced the deficit back in 2007.
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
MM - you don't think that..
January 12, 2007 - 16:49 ET by Gary HallMM - you don't think that.. at this very moment, they are scheming this: "Sure enough, it seems that the anticipation of the Democratic party led rise in the minimum wage that has created the revenue to get the deficits down...."
(;~> Ya got to try on the liberal MSM thinking hat, MM.
"Ya got to try on the
January 12, 2007 - 16:59 ET by MightyMouth"Ya got to try on the liberal MSM thinking hat, MM"
No thank you sir, I would rather have a root canal without anesthetic and Barry Manilow music playing in the background.
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
MM - hats and canals
January 12, 2007 - 17:16 ET by Gary HallYou're hitting low - looking like i have a root canal in my near future... and don't leave the hat on for long... - only to see how they think.
Dental tips Gary
January 12, 2007 - 19:57 ET by acumen".....looking like i have a root canal in my near future...."
Tips for making a trip to the Dentist more enjoyable Gary:
1 - Bring large briefcase full of issues of Human Events, Limbaugh Letter, etc.
2 - Replace all Newsweek, Time, etc in waiting room with above publications.
3 - Tell Doc that laughing gas is reason for your hysterical laughter, not the screaming lib in the waiting room.
acumen...LOL funny! I am goin
January 12, 2007 - 20:04 ET by bigtimeracumen...
LOL funny!
I am going to remember that this late spring in this small town, too much fun! I will be well stocked with ammunition!
"If we ever forget that we are a Nation Under God....then we will be a Nation Gone Under." Ronald Reagan
Not anti-dentite BT
January 12, 2007 - 20:10 ET by acumenTake two issues and call me if you have anymore pain.... :)
Disclaimer - I am not anti-dentite
acumen...Stop! I am laughing
January 12, 2007 - 20:13 ET by bigtimeracumen...
Stop! I am laughing so much as it is!
Well, maybe, you aren't billing me for this are ya?
"If we ever forget that we are a Nation Under God....then we will be a Nation Gone Under." Ronald Reagan
The deficit is way down = tax
January 12, 2007 - 17:19 ET by EdhenryThe deficit is way down = tax recepts way up (and I mean way up). Unemployment 4.5%. Which is lower than most economists would be comfortable with, except now we have productivity gains in the private (and only the private) sector to offset inflation. So interest rates are favorable. African American home ownership is at an all time high. And I don't have to speak Arabic.
Bushie! That bastard has screwed everything up.
Budget
January 12, 2007 - 17:29 ET by Tom BlumerI will be around them to note that Bush and the 109th and previous Congresses get all the credit until at last Oct. 1, 2007, when the next budget year begins, unless Congress does something specific that affects the economy, good or bad.
Budget
January 12, 2007 - 17:29 ET by Tom BlumerI will be around to note that Bush and the 109th and previous Congresses get all the credit until at last Oct. 1, 2007, when the next budget year begins, unless Congress does something specific that affects the economy, good or bad.
This Outlay of Expenditures b
January 12, 2007 - 17:26 ET by JayTeeThis Outlay of Expenditures being Flat, is EXACTLY why Americans vote in opposing Parties between Congress/Senate/President, in order to Nuetralize any NEW laws/Taxes/etc....It is a way for the "People" to get Control, thru Deadlock in the Law making process, In the Budget process.
The eletion was NOT a Democratic mandate, it was the people taking control, and putting up roadblocks for Congress. This mid year election is always this way.......and to read it as a Dem Mandate, is dumb and dumber.