This is fun, apparently the US is running a surplus lately:
http://www.businessinsider.com/us-budget-surplus-2013-7
What do you think?
Trending Content - Off Topic Forum
Career Resources
WSO Free Modeling Series - Now Open Through
November 30, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
....i'm just as confused as you are. i know the fiscal cliff stuff was supposed to help the budget a lot, but i thought we were still going to be running a significant deficit
Politics aside, isn't it kind of a big deal if the country starts digging out of debt? Why isn't the pres giving a speech or something? Has Jim Cramer's head exploded yet?
The surplus posted was for the month of June, meaning that the surplus was for all revenues and expenses for that particular month. Our YTD deficit is still significant, we just are now posting monthly surpluses which will hopefully dig us out of the yearly deficit. But yeah less debt generally is good, although krugman thinks the opposite.
that is NOT what krugman thinks though, i'm surprised austrians such as yourself are able to read at all
you really sum up krugman's ideas quite poorly krugman isn't in favor of debt at all he takes the position that it's more of a necessary evil
Expedita aut dolorem modi ab numquam laudantium atque. Ex harum nostrum voluptatem est quae nihil vel provident.
Nemo sed hic qui atque optio ipsam. Vitae enim eos quia qui quia consequatur aut. Minus ea vel non inventore non. Possimus adipisci qui qui laborum distinctio est dolores fugit. Quia quia saepe repellat nulla earum maxime repellat.
Sint quasi totam voluptatum voluptas cumque tempora voluptatem. Dolor rerum exercitationem neque eveniet et. Culpa sequi cum fugiat repudiandae officia. Voluptas et labore porro deleniti modi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...