June Budget Surplus
This AP article reports that the budget surplus for the month of June is the best in three years. This is attributed to the fact that revenues to the government are increasing faster than earlier anticipated.
The government recorded the largest June budget surplus in three years,
reflecting a continued surge in government tax collections, the Treasury
Department reported Wednesday.
This should come as no surprise, as tax cuts do lead to increased revenues and almost always have. What also should not surprise anyone is the Dubya has spent money like there's no tomorrow. Ol' BC sees another tax cut for us working folks as a great idea as well as reeling in the spending. I could go on and on about sending money to African dictators in the form of aid which never seems to reach the people, but most of us are already aware of that. They do build some nice palaces though. Where has the G8 been hiding? Can't they see it too?
Just a thought.
posted by Ol' BC @ 3:28 PM
3 comments
3 Comments:
yup, Ol' BC, and watch the Left come out trying to make this out to be a bad thing.
Of course, you are right to assert that runaway spending, particularly that on unconstitutional socialst spending, absolutely MUST be cut back, in addition to more tax cuts.
RWR
Unfortunately, even with a republican House and republican Senate, King George's record on spending cuts is non-existant.
How about let's lobby for a subsidy for amateur bloggers, as long as he's throwing FRNs around?
Col. Hogan,
That would be kinda neat, except for one thing ...
That goes completely against everything we stand for.
While I do agree with the Prez on a great many things, his runaway solicalist spending is nearly on par with the Left's. On these issues, he is clearly one of those "RINOs" we keep hearing about.
RWR
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