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Thursday, 05/10/2012 3:54:06 PM

Thursday, May 10, 2012 3:54:06 PM

Post# of 140146
Anybody believe this crap?!!

WASHINGTON (MarketWatch) — The U.S. government in April posted its first monthly budget surplus since September 2008, the Treasury Department said Thursday, as tax receipts climbed and spending on education, Medicare and certain defense programs fell.

The surplus of $59 billion is the first of Barack Obama’s presidency, and lands at the outset of a presidential-election campaign expected to be fought largely over the issues of government spending, taxes and jobs.

The government spent $260 billion in April, $70 billion less than in the same month in 2011. Receipts in April were $319 billion, up $29 billion from a year ago.

The surplus is likely to be heralded by Democrats and the White House as Obama seeks to gain the upper hand over Mitt Romney in the battle for the presidency this fall.


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