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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%4:00 PM EST

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To: TobagoJack who wrote (2808)1/15/2006 5:15:12 AM
From: Maurice Winn  Read Replies (1) of 217875
 
<<The USA GDP continues to grow happily, so I guess the tax base isn't dwindling all that much>>

Unremarkably, Mq the Great was proven right once again. News - deficit going away!

< Posted 1/12/2006 2:50 PM Updated 1/12/2006 4:57 PM

Corporate taxes, government spending hit Dec. records
WASHINGTON (AP) — 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 in its monthly budget report that government receipts surpassed spending by $10.98 billion last month. A year ago, the government ran a deficit of $2.85 billion in December.

The improvement reflected the fact that government receipts were up 12.1% from a year ago to $241.88 billion while government spending rose by a slower 5.6% to $230.9 billion. The figure for outlays still represented an all-time high for spending for any month.
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Mqurice
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