Gee.....The Gov'mint Is Gonna Pay Down The National Debt.......

[Hardrock69]

Could it be that the financial policies enacted during the Obama Administration are actually WORKING?

O mi GOD!!!!



http://abcnews.go.com/blogs/business...national-debt/

Deficit Surprise: US Pays Down National Debt

By Richard Davies
@daviesabc
Follow on Twitter
Apr 30, 2013 7:45am

Morning Business Memo….

For the first time since 2007 – before the recession – the US Treasury is planning to make a down payment on the federal debt. The budget deficit has been shrinking more than expected. Thanks to government spending cuts, and higher tax receipts The Treasury says it expects to pay off $35 billion of debt in the second quarter. That compares to an earlier forecast that it would have to borrow $103 billion. Usually this time of year is the best for government cash flow because annual tax returns flood into the Treasury in April. But the return to at least one quarter of debt paydown is a clear sign government spending cuts and tax increases have helped lower the deficit.


Richard Davies Business Correspondent ABC News Radio abcnews.com Twitter: daviesabc

[knuckleboner]

short-term, we're fine. anything more in terms of further discretionary cuts isn't really necessary. longer-term, entitlements will really begin to contribute. the 3 ways to address those are either 1) cut entitlements, 2) raise revenues, or 3) some combination of the first 2. since social security, medicare, and medicaid primarily benefit those with lesser means, it's awfully harsh to simply cut benefits.

[ELVIS]

This discussion is neither here nor there with an impending crash on the horizon...

[knuckleboner]

This discussion is neither here nor there with an impending crash on the horizon...

then start buying gold. thankfully for you, nobody else believes it, which is one reason the price of gold is plummetting. so you'll be getting a bargain.

[ELVIS]

This is true...

Sometimes it sounds like you're catching on...

[knuckleboner]

This is true...

Sometimes it sounds like you're catching on...

just trying to be helpful...

[ELVIS]

That's why you need a plan B...

[knuckleboner]

That's why you need a plan B...

i've got one: gigalo.

[ELVIS]

That is a good one if you can work it...

The depressed drunks will need a laugh...

[Hardrock69]

In other words, Elbow will need a laugh.

[ELVIS]

I'm not drunk or depressed...

[Hardrock69]

Your posts make it appear that you are. Or else you can come up with some other explanation for the continual idiocy you post around here.

[ELVIS]

I just call it like I see it...

[jacksmar]

Simple arithmetic.

35B of 17Tr = .02%

Will 17 Trillion (debt, govt spending) stay static?

[Hardrock69]

That is irrelevant.

Which is better.....make attempts to pay of the national debt?

Or not?

There is only one correct answer.

[jacksmar]

That is irrelevant.

Which is better.....make attempts to pay of the national debt?

Or not?

There is only one correct answer.

Nice premise for a reply.

Here's the result: You owe me $1000.00 and pay me .20 cents. And you plan to spend $100.00 more. That's what you accept?

Maybe there's another answer. Is that OK?

[ELVIS]

The other answer is that it's just another bullshit lie...