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Common Cents

-- The federal government posted a monthly surplus of $27 billion in June.

-- So far this fiscal year the annual budget deficit is 41% lower than the deficit posted in the comparable period of the prior fiscal year.

-- The annual increase in federal spending at present actually is lower than the prevailing inflation rate.

-- Total net payroll employment by the federal government has declined in five of the past seven years.

-- Adjusting for the increased size of our economy's GDP, the budget deficit today is far below those posted in the 1980's and below the deficits posted through much of the 1990's too.

Obviously if Lou Dobbs and Paul Krugman found out about any of these items they'd soil their panties.


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Comments (25)

It's time to put the "Peace... (Below threshold)
Tim:

It's time to put the "Peace Dividend" back where it belongs. Expand the Armed Forces. The libs keep telling us we're stretched too thin. OK, let's do something about it. After all, we are at war.

I'm not sure it's a good id... (Below threshold)
Mac Lorry:

I'm not sure it's a good idea to let the libs get their hands on more money,
so it might be good to get rid of it. The best way to do that would be to raise taxes.

Great!Source? (I'm... (Below threshold)

Great!

Source? (I'm not being combattive or sneering. I'd just like to have a handy source.)

I went to google news with<... (Below threshold)
nogo war:

I went to google news with
"monthly surplus of $27 billion in June"
...ah nothing..what year are you talking about?

That figure for the deficit... (Below threshold)
jim:

That figure for the deficit does not contain any reference the cost of the Iraq occupation and the Afghanistan occupation.

So, add the extra half-trillion or so that we ***actually*** owe, and quite a different picture emerges.

That figure for the d... (Below threshold)

That figure for the deficit does not contain any reference the cost of the Iraq occupation and the Afghanistan occupation.

So, add the extra half-trillion or so that we ***actually*** owe, and quite a different picture emerges.

Prove it

<a href="http://www.breitba... (Below threshold)
JimDo you understand... (Below threshold)

Jim
Do you understand even the most rudimentary aspects of budgets? Revenue and Expenses? Period by Period relative and real growth or loss?
Do you understand how the Budget is organized into Categories...such as Defense, Agriculture, Treasury etc?
Do you know what an income statement looks like?
Show everyone here on Wizbang where that half trillion is hidden. I want to see it.

nogo:I went to... (Below threshold)
marc:

nogo:

I went to google news with
"monthly surplus of $27 billion in June"
...ah nothing..what year are you talking about?

Then maybe you should have gone to the source.

Or is that beyond your capabilities?

Paul Krugman??!!! Bwahahah... (Below threshold)
Jo:

Paul Krugman??!!! Bwahahahahahahahaha....I'm still laughing and waiting for "The Great Unraveling" economic doom that Krugman wrote a book about that was imminent because of the Bush administration.

Poor Paul. snort - snicker - snort

Here comes Jim and the othe... (Below threshold)
WildWillie:

Here comes Jim and the other lefties: "Bad news, Bad news, we only like bad news." "Bush is hitler. Bush lied people died." You guys are pathetic. You refuse to recognize good news. ww

That figure for the d... (Below threshold)

That figure for the deficit does not contain any reference the cost of the Iraq occupation and the Afghanistan occupation.

So, add the extra half-trillion or so that we ***actually*** owe, and quite a different picture emerges.

Another seagull comment....fly
over, defecate, fly on.

Quote of the day:<... (Below threshold)
Paul:

Quote of the day:

Obviously if Lou Dobbs and Paul Krugman found out about any of these items they'd soil their panties.

I went to google n... (Below threshold)
Paul:
I went to google news with "monthly surplus of $27 billion in June" ...ah nothing..what year are you talking about?

You moron. The Feds run a surplus in June every year just like they do every year in April. It's the end of the business quarter.

If you knew anything about business you'd know this you twit.

And if you knew how to google, you would have googled 'federal surplus' and found a few thousands hits.

Think of this post as an IQ test. --And you failed.

Paul questions someone else... (Below threshold)
scrapiron Author Profile Page:

Paul questions someone else's IQ, Damn the democrats are getting desperate. The democrats are in a panic because they can't funnel the money to their families as fast as it's coming in. Get with it Botox Boxer, Brain dead Pigloooshi and Dirty Harry. Also let Mad Jack Murtha throw a few million to his family. All (families of democrats in congress) of them have gambled and snorted away the billions you have provided over the years. Give em more.

And the strongest global ec... (Below threshold)
Mitchell:

And the strongest global economy in the history of the world.

I blame Bush.

I have now figured out you... (Below threshold)
Mitchell:

I have now figured out you can score everyone, and I am now making it my obligation in life to score highly the posts of Scrappy, Jhow, and the other exalted here--also Marine.

Pls don't F with Scrappy.

Yes but what about the OTHE... (Below threshold)
President John Edwards:

Yes but what about the OTHER America????? You despicable conservative bastards JUST DON'T CARE!. Oooops, gotta go, makeup melting in this heat.

Paul Krugman??!!! ... (Below threshold)
Paul Krugman??!!! Bwahahahahahahahaha...

You mean Ferret Face?

Looks like the White House ... (Below threshold)
Rance:

Looks like the White House is trying to take up the slack.

http://benmoseley.com/bush_pay_raise.html

Here's the facts you guys a... (Below threshold)
jim:

Here's the facts you guys asked me to back up -

http://thinkprogress.org/?tag=budget&paged=2

"The President's budget excludes all costs for continued operations in Iraq and Afghanistan -- expected to cost at least $300 billion over the next 10 years -- so do the CBO [Non-partisan Congressional Budget Office] estimates. The fact is, President Bush's policies are leaving an enormous tab that future generations will have to pick up. And he's not being honest about it."

So, according to this estimate it's not a half-trillion dollars, it's only a third of a trillion. I expect more, but I'll go with the lower estimate.

JimSo, accordi... (Below threshold)

Jim
So, according to this estimate it's not a half-trillion dollars, it's only a third of a trillion. I expect more, but I'll go with the lower estimate.

Are you comparing a comment about budget estimates with yesterday's release of actual historical budget results.

Please provide the exact location in the link that you serve up as a rebuttal.

I smell road kill.

Yeah, it's road kill.... (Below threshold)

Yeah, it's road kill.

kevin, you should ban this excrement.

He said this on July 12:

That figure for the deficit does not contain any reference the cost of the Iraq occupation and the Afghanistan occupation.

So, add the extra half-trillion or so that we ***actually*** owe, and quite a different picture emerges.

5. Posted by jim | July 12, 2007 6:50 PM | Score: -7 (9 votes cast)

He was challenged on this point and only today offered up this:

Here's the facts you guys asked me to back up -

http://thinkprogress.org/?tag=budget&paged=2

"The President's budget excludes all costs for continued operations in Iraq and Afghanistan -- expected to cost at least $300 billion over the next 10 years -- so do the CBO [Non-partisan Congressional Budget Office] estimates. The fact is, President Bush's policies are leaving an enormous tab that future generations will have to pick up. And he's not being honest about it."

So, according to this estimate it's not a half-trillion dollars, it's only a third of a trillion. I expect more, but I'll go with the lower estimate.

21. Posted by jim | July 13, 2007 12:13 PM | Score: -1 (1 votes cast)

The link is nothing more than an opinion of budget estimates. To borrow Jim's phrase, when we hear from him from now on, we should consider him "with the lower estimate".

He is a Liar
He is a Fool
And He is a Coward, because he attempted to sneak this response in for the record some , what, ten topics after the fact.

Wizbang deserves better

Yeah, it's always a good id... (Below threshold)

Yeah, it's always a good idea to comment on a blog opposite your own political inclination and then use an obviously and highly partisan site of your own inclination to bolster your rebuttal.[/snark]

Hugh, you are free to go an... (Below threshold)
jim:

Hugh, you are free to go and prove me wrong with some information of your own.

Please go and find something that shows that complete funds for the Iraq and Afghanistan occupations ***are*** covered in the budget, and I'll retract my comment.

My apologies for not responding for a few days.

As for being "a liar, a fool, and a coward",

a) prove my facts wrong easily, if I'm such a liar
b) prove my facts wrong easily, if I'm such a fool
c) prove my facts wrong easily, if you're not a coward.




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