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Review of Politics, Economics, Constitution, Law and World Affairs by Attorney and Doctor Orly Taitz


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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

US government ran 218 billion surplus in April. If this can go on for a year, we can pay off 2.7 trillion worth of debt. Will it really happen?

Posted on | May 8, 2018 | No Comments

By Stephen Dinan – The Washington Times – Monday, May 7, 2018

The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.

All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.

CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

“Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” the analysts said in their monthly budget review. “Part of the strength in receipts also may reflect larger-than-anticipated payments for economic activity in 2018. The reasons for the added revenues will be better understood as more detailed information becomes available later this year.”

Official numbers are due out from the Treasury Department in a few days, but the CBO is usually accurate to within a couple billion dollars. https://www.washingtontimes.com/news/2018/may/7/donald-trump-winning-over-democrats-cnn-poll-finds/

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