The MSM and Obama Administration put out a press release yesterday saying the government ran a surplus in April.
Great News!!!!
One small problem. It’s a Big Fat Lie.
If the government ran a true surplus of $58 billion, then the National Debt should have gone down by $58 billion.
There is a Treasury Dept website that provides the National Debt by day to the penny. Here is a link:
http://www.treasurydirect.gov/NP/NPGateway
The National Debt on March 31, 2012 was $15,582,078,681,188.69
The National Debt on April 30, 2012 was $15,692,368,067,305.23
For the math challenged MSM mouthpieces, this means the National Debt went UP by $110.3 BILLION in April.
The government and their MSM lapdogs are following the BIG LIE propaganda method – report a $58 billion surplus when you are really running a $110 billion deficit and maybe the ignorant masses won’t notice.
We notice on TBP.
U.S. to run first surplus since 2008: CBO
Surplus is first of Obama’s presidency
By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) — The U.S. government recorded a budget surplus of $58 billion in April, the Congressional Budget Office estimated on Monday, breaking a streak of deficits that began in 2008.
Persnickety says:
I’m a little confused here. Sure, I’m used to constant lies, but this one seems to blatant and ridiculous, what’s the hook?
I mean, was it a nominal surplus because borrowing (+actual revenue) exceeded cash outlays? What’s the claim?
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8th May 2012 at 12:22 pm
Thinker says:
Saw that, but the article I read said it was a monthly surplus. That is, they brought in more revenues in the month of April than they paid out.
But then, when April is the month most people pay taxes, that wouldn’t be surprising, would it? Except that the vast majority of Americans will never be able to put that 2+2 together.
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8th May 2012 at 12:26 pm
flash says:
Well, well.Obamalamey has joined the ranks of Kang Clinton as one of the rarest of rare rudder rooters…a surplus generating Presidense.
If ya’ll remember Kang Clinton had a surplus
of cigars, which is why he gave Monica one…
Thoughtful huh?
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8th May 2012 at 1:11 pm
flash says:
Hint: If you’re borrowing 1.5 trilllion dollars a year just to keep the lights on then you have no surplus.
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8th May 2012 at 1:20 pm
flash says:
I posted this over on the Fraud and Theft thread.
It’s only about 5 minutes long and absolutely nails it.
The Federal government is flat fucking broke and cutting all mandatory spending ain’t going to help one bit.
The Titanic has hit the iceberg and is taking on water and listing port side….won’t be long now.
United States Budget Dilemma.wmv
http://www.youtube.com/watch?v=EW5IdwltaAc
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8th May 2012 at 1:28 pm
card802 says:
Forget the last four years. Ignore the numbers, ignore facts, ignore what your gut is telling you.
Listen to the president, listen to mainstream, listen to the elites, listen to the new catchphrase.
FORWARD!
Kind of wraps it all up nice and tidy for the morons doesn’t it.
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8th May 2012 at 1:34 pm
Administrator says:
Persnickity
The interest on the National Debt is not considered in the monthly calculation. I also think they ignore SS and Medicare in the monthly calculation.
I sure wish I could ignore food, energy and mortgage interest in my monthly budget calculation. I’d be doing great.
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8th May 2012 at 1:36 pm
Administrator says:
“The control of information is something the elite always does, particularly in a despotic form of government. Information, knowledge, is power. If you can control information, you can control people.”
Tom Clancy
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8th May 2012 at 1:59 pm
Administrator says:
“The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities…
In the technotronic society the trend would seem to be towards the aggregation of the individual support of millions of uncoordinated citizens, easily within the reach of magnetic and attractive personalities effectively exploiting the latest communications techniques to manipulate emotions and control reason.”
Zbigniew Brzezinski, Between Two Ages: America’s Role in the Technotronic Era, 1970
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8th May 2012 at 2:04 pm
Administrator says:
THE BIG LIE
WASHINGTON (MarketWatch) – A top Federal Reserve official on Tuesday assured foreign economic policymakers that the Fed’s policy to purchases assets “will not continue the moment” it looks like it may be generating inflation. In a speech in Zurich, William Dudley, the president of the New York Federal Reserve Bank, focused on improving international cooperation on economic policy and oversight of financial markets. On monetary policy, Dudley said that central banks should strive to be transparent frameworks to monetary policy that are viewed as “credible and durable.” He said the Fed has tried to provide greater clarity about its 2% inflation target. It should be easier for governments to cooperate across borders on bank regulation compared to rate policy because the benefits are easier to see up front, Dudley said. He called on supervisors in a bank’s home country to share more information with regulators around the world. And he said that governments have to decide about the roles of home and host bank regulators during times of stress.
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8th May 2012 at 2:12 pm
GreasedUpWillie says:
Hi All. Can anyone reccomend a good source for physical silver and gold? Seems like a lot of hucksters out there, and was looking for someone happy with their source.
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8th May 2012 at 2:18 pm
Yojimbo says:
If you look up JJ Teaparty on Bromfield Street in Boston, they are a good source. They have been in business many years, and I trust Miles, the owner. He will ship and only charges shipping costs.
One caveat:
He’s a no nonsense kind of guy, is busy and is not a salesperson. You need to know roughly what you want when you call, and he will tell you the premiums on the various metal forms (Silver Eagle, Silver bars, junk silver, etc). He won’t entertain 20 different questions on the phone. You need to do your research first about your preferences.
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8th May 2012 at 2:37 pm
GreasedUpWillie says:
Thanks Yojimbo, I will do my research before hand
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8th May 2012 at 2:49 pm
Administrator says:
I currently use Gainsville Coins online. I’ve been satisfied with their service. They are one of the few dealers that let you pay with a credit card. Kitco makes you pay with a wire transfer.
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8th May 2012 at 3:24 pm
Muck About says:
@GreasedUpWillie: Liberty Coin Service in East Lansing, MI. Used them for 45 years. They’re website is informative. Honest and fast.
MA
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8th May 2012 at 5:46 pm
Axel says:
I heard the Ministry of Plenty also raised the ration of chocolate to twenty grams per week.
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8th May 2012 at 7:49 pm
Hope@ZeroKelvin says:
I think I have figured out at least one reason why no one in government understands math – and why the citizens let them get away with it.
Most of these people have legal degrees grafted onto a political science (or other “liberal arts”) degree. These degree plan has virtually NO math in it. Go google some universities and see for yourself.
Since the general citzenry has also been effectively dumbed down by the New Math, and is able to vote themselves moola from the public treasury, well, you have a mathematically dumb and dumber thing going on in the context of an entitlement mentality.
What could possibly go wrong?
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8th May 2012 at 9:51 pm
Zarathustra says:
HKZ, I agree that New Math was a disaster, as was the experiment with modular scheduling in the late 60′s. However I think the whole approach to teaching math is wrong headed. It should be placed in historical content. The best math course I ever took (in college) was The History of Math. If you know what problems the creators of the concepts were trying to solve, the results make much more sense.
Having said that, now that the Khan Academy exists, there is no excuse for failing a math class. God I wish I had had that resource 40 years ago.
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8th May 2012 at 9:59 pm
Persnickety says:
@Willie: Liberty Coin is one great option. For silver, Northwest Territorial Mint has good prices and selection, but expect 2-3 months before your order ships if you choose one of their house brand (and lowest premium) products.
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8th May 2012 at 12:08 am
Administrator says:
“Not a word from their mouth can be trusted; their heart is filled with destruction. Their throat is an open grave; with their tongue they weave deceits.”
Psalm 5:9
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8th May 2012 at 10:42 am
Twilight says:
you guys are ignorant or idiots, all the CBO is stating is that we collected more revenue than we spent on a budgetary basis. I no debt was SCHEDULED to be retired then it wouldn’t. The debt falling would be reflected in the next months numbers (offset by additional borrowing and interest expenses or an additional deficit)
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8th May 2012 at 10:55 am
Administrator says:
Twilight
I bet you $100 billion that the National debt does not decrease next month. Would you like to accept my bet you fucking asshole?
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8th May 2012 at 11:08 am
Administrator says:
CBO numbers are about as accurate as BLS numbers or BEA numbers. It amazes me that there are idiots like Twilight out there soaking in all the government produced propaganda and actually believing it. I guess our government run public education system has successfully done its job of dumbing down the masses and creating obedient lapdogs like Twilight.
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8th May 2012 at 11:12 am
Administrator says:
Did you hear of the CBO economist who dove into his swimming pool and broke his neck? He forgot to seasonally adjust his pool!
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8th May 2012 at 11:45 am