Monday, July 01, 2013

"Happy days are here again"

The feds pompously announced a $113 billion budget surplus and said the deficit had shrunk to "only" $642 billion. Revenue is up 16% and spending is down 1%. I have two questions. What budget? The Senate hasn't passed a budget for five years. And how can federal department heads be so precise with numbers and percentages? They can't even answer simple questions when they appear before a congressional committee.

Meanwhile federal spending was frantic at the end of the fiscal year with department heads trying to get all they can get for next year's so-called budget. The only good news out of all this is that federal spending is expected to boost the economy. The jury is still out on that one.

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