Fed Runs $114 Billion SURPLUS In April! Thanks Obama!

  • metta

    Posts: 39118

    May 09, 2014 5:49 PM GMT
    Fed Runs $114 Billion SURPLUS In April! Thanks Obama!

    http://aattp.org/breaking-fed-runs-114-billion-surplus-in-april-thanks-obama/
  • Posted by a hidden member.
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    May 09, 2014 6:10 PM GMT
    Southbeach, you do realize I hope that you quoted the author's sarcasm, right?
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    May 09, 2014 6:22 PM GMT
    southbeach1500 said
    meninlove said Southbeach, you do realize I hope that you quoted the author's sarcasm, right?


    Yes, I do.

    What the author and Metta8 don't realize is that their shared sarcasm that a $114 billion Federal surplus in the month of April "will destroy the economy" is actually correct, as that money is much better off remaining in the private sector and does nothing to help the economy.

    The author and Metta8 believe that the larger the surplus, the better the economy. Completely incorrect.


    Really? Did you read this part as well?

    'The GOP has already attempted to prevent future surpluses by blasting through crushing $310 billion tax cuts to big business and adding that directly to the deficit. But not to worry, they did simultaneously vote down $12 million for disadvantaged children.'

    So take that 310 billion and minus off the surplus and you're still in muck, only not as deep as you would have been. icon_wink.gif

  • metta

    Posts: 39118

    May 09, 2014 7:30 PM GMT
    Don't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?
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    May 09, 2014 7:52 PM GMT
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Bingo.

    And minus 100 points to SouthBeach's assumptions.
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    May 09, 2014 8:07 PM GMT
    meninlove said
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Bingo.

    And minus 100 points to SouthBeach's assumptions.



    Um you guys do know that this is for the month of April? When are (personal) taxes due in the US?

    Precisely. That's why the US government has typically seen surpluses in April. The premise of the article is particularly stupid though considering how large the deficits still are, how much debt has increased and the future cost of Obamacare and unfunded liabilities in social security that are coming up.

    Incidentally, bonus points for knowing what the surplus was in 2013 in April? $113 billion for your reference. What a difference a little context makes...
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    May 09, 2014 8:31 PM GMT


    ...except that we're talking about something else.
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    May 09, 2014 8:38 PM GMT
    meninlove said

    ...except that we're talking about something else.



    Lol. Priceless!!
  • coolarmydude

    Posts: 9190

    May 09, 2014 10:53 PM GMT
    southbeach1500 said
    I guarantee you not a penny of that surplus will go towards paying down the debt.


    Woah! You got something right!!!
    http://www.politicususa.com/2014/04/29/republicans-move-add-310-billion-deficit-federal-deficit-year.html
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    May 10, 2014 4:01 AM GMT
    meninlove said

    ...except that we're talking about something else.


    Heh your usual claim as you get trounced icon_wink.gif
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    May 10, 2014 4:18 AM GMT
    4f8d21a87bde7f1cf553762975d1f6af.jpg
  • jock_1

    Posts: 1491

    May 10, 2014 12:07 PM GMT
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Listen to what you said......the Government doesn't collect money to save it, it collects money to SPEND it! All state governments do that. That is why raising taxes isn't such a great thing to do to solve fiscal problems. You have to cut spending. Unfortunately we have 2 parties that haven't and wont do that.
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    May 10, 2014 1:40 PM GMT
    Sharkspeare said4f8d21a87bde7f1cf553762975d1f6af.jpg


    Oddly ironic though it figures that a liberal would try to play chess with an actual pigeon.

    This seems more apt ;)

    full.jpg
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    May 10, 2014 1:54 PM GMT
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Someone doesn't know (or is pretending they do not know) the Federal Reserve is not part of the Federal Government. LOL. OH MY GAWD.

    Thanks Obama? Obama is the president of the federal government but the federal reserve is not part of the federal government.

    But the president appoints the Fed Chair?

    Uh-yea-and?


    The Federal Reserve (Central Bank) controls the Democratic and Republican Parties.

    The Feds control who is selected through these two parties.
    It's a win-win situation.


    Then the puppet US President is given a candidate to establish as the new Federal Reserve Chairman.

    Oh... democracy at it's greatest!
    You have to go to the right Universities and Social Clubs.
    Skull and Bones... Free Masons... Bohemian Grove...

    CNN and NBC report on it all the time... what a joke!!!
    The FEDS also have their club members doing the reporting.

    Could this be? ABSOLUTELY!!!


    Google search result on Who Appoints the Fed Chair:


    http://answers.yahoo.com/question/index?qid=20070214160448AAPKX2s
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    May 10, 2014 2:01 PM GMT
    So, if they ARE running a surplus, THEY HAVE MORE MONEY WITH WHICH TO CONTROL THE GOVERNMENT OF THE PEOPLE AND TO CONTROL THE ECONOMY OF THE UNITED STATES.
  • roadbikeRob

    Posts: 14351

    May 10, 2014 2:14 PM GMT
    jock_1 said
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Listen to what you said......the Government doesn't collect money to save it, it collects money to SPEND it! All state governments do that. That is why raising taxes isn't such a great thing to do to solve fiscal problems. You have to cut spending. Unfortunately we have 2 parties that haven't and wont do that.
    This is why it is time to evict both the democrats and the republicans from the halls of American government. Both major parties are wasteful spendthrifts that are just out for their own self aggrandizement.icon_mad.gif
  • coolarmydude

    Posts: 9190

    May 10, 2014 5:36 PM GMT
    StephenOABC said
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Someone doesn't know (or is pretending they do not know) the Federal Reserve is not part of the Federal Government. LOL. OH MY GAWD.


    That's not what the story linked says or claims. It says:

    "According to CNN:
    'Federal coffers saw a 7% increase in individual income taxes and payroll taxes, a 15% increase in corporate income taxes, and a 37% increase in money paid to Treasury by the Federal Reserve.'"


    The Federal Reserve paid the Dept. of Treasury. The Dept. of Treasury IS part of the federal government.
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    May 10, 2014 10:44 PM GMT
    How much of this belongs in the non existent social security fund???

    Will the taxpayer get a refund of his own money, or is govt a godlike entity to which we must be slaves?

    How much can be attributed to spending cuts insisted on by congressional republicans?

    Will it be saved for a rainy day, or pissed away to buy votes?

    Will it go towards debt? Sorry, silly question, of course not.

    Maybe it'll be spent on another vacation for their Highness the Obamas and their entourages while the people still struggle.
  • coolarmydude

    Posts: 9190

    May 11, 2014 3:23 AM GMT
    southbeach1500 said
    In addition, Metta8 believes a government surplus is indicative of a strong economy. Again, totally incorrect.


    You're a political hack. He never said that.
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    May 11, 2014 4:02 AM GMT
    coolarmydude said
    StephenOABC said
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Someone doesn't know (or is pretending they do not know) the Federal Reserve is not part of the Federal Government. LOL. OH MY GAWD.


    That's not what the story linked says or claims. It says:

    "According to CNN:
    'Federal coffers saw a 7% increase in individual income taxes and payroll taxes, a 15% increase in corporate income taxes, and a 37% increase in money paid to Treasury by the Federal Reserve.'"


    The Federal Reserve paid the Dept. of Treasury. The Dept. of Treasury IS part of the federal government.


    CoolArmyDude, the original post: Fed Runs $114 Billion SURPLUS In April! Thanks Obama! The original post had at least one major problem that would make a busy person not even bother with the article.

    The Dept. of the Treasury is part of the federal government. Who said it wasn't? Tell us why the Fed paid the Treasury. Tell us why the 37% increase.
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    May 11, 2014 10:31 AM GMT
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    No, UNbingo. This is not how we "pay down the debt."

    The government has got no business running surpluses. A surplus is every bit as destructive as a deficit.

    Confiscating and extracting money out of our economy to "pay down the debt" sounds like a nice idea, but it's hell on America's credit rating and future economic prospects.
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    May 11, 2014 11:50 AM GMT
    A thread guaranteed to get the RJ conserva-rump (and their socks) in a right old flap.
  • jock_1

    Posts: 1491

    May 11, 2014 12:43 PM GMT
    jock_1 said
    metta8 saidDon't we need surpluses to help pay down our debt? How else can we work towards paying it down if we don't have extra money to pay for it?


    Listen to what you said......the Government doesn't collect money to save it, it collects money to SPEND it! All state governments do that. That is why raising taxes isn't such a great thing to do to solve fiscal problems. You have to cut spending. Unfortunately we have 2 parties that haven't and wont do that.


    Or, think of it this way.... The gov't is a supermarket and they over charge you $50 on your bill. Do you tell the supermarket to keep the $50 and spend it however they feel like or do you want that $50 back in your own pocket where it should be to begin with? It pretty much works the same for gov't and taxes except gov't never gives money back.
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    May 12, 2014 7:46 AM GMT
    metta8 saidFed Runs $114 Billion SURPLUS In April! Thanks Obama!

    http://aattp.org/breaking-fed-runs-114-billion-surplus-in-april-thanks-obama/

    You won't hear this on Fox news! icon_lol.gif
  • roadbikeRob

    Posts: 14351

    May 13, 2014 5:30 PM GMT
    coolarmydude said
    southbeach1500 said
    In addition, Metta8 believes a government surplus is indicative of a strong economy. Again, totally incorrect.


    You're a political hack. He never said that.
    Political hackicon_question.gif go look at yourself in the mirror bunkyicon_wink.gif