News Focus
News Focus
icon url

SilverSurfer

05/10/12 2:37 PM

#175055 RE: StephanieVanbryce #175050

FOUR MOUR YEOURS!

Budget Surplus!!!

In April, spending on education programs fell by 51% to $2 billion and Medicare outlays dropped by 48% to $31 billion.

Receipts of individual withheld taxes rose by 8% to $147 billion, and corporate tax receipts climbed 6% to $33 billion


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 surplus in September 2008 — the month Lehman Brothers filed for bankruptcy — was $46 billion.


http://www.marketwatch.com/story/us-posts-first-budget-surplus-since-2008-2012-05-10-1419510?siteid=YAHOOB