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Friday, January 13, 2006

The Goose Is Shitting Gold

Econopundit quotes from the Associated Press:

Associated Press reports:The federal government posted the first budget surplus for December in three years as corporate tax payments hit an all-time high, helping offset a record level for spending, the Treasury Department reported Thursday.The department said...government receipts surpassed spending by $10.98 billion last month...[This reflects] the fact that government receipts were up 12.1 percent from a year ago to $241.88 billion while government spending rose by a slower 5.6 percent to $230.9 billion. The figure for outlays still represented an all-time high for spending for any month.

Now, if the Congress can cut the growth in spending or, even better, cut spending, the deficit may vanish.

And why are the tax receipts higher? And why do people want to kill the golden goose?

2 Comments:

At 8:38 PM, Anonymous Anonymous said...

Best regards from NY! » »

 
At 9:07 AM, Anonymous Anonymous said...

Very cool design! Useful information. Go on! »

 

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