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.