Surplus? What Surplus?

We have a surplus?

WASHINGTON, July 13 (Reuters) – The U.S. government posted a larger-than-expected budget surplus in June, propped up by higher quarterly business tax receipts, a government report released on Tuesday showed.

In the Treasury Department’s monthly budget statement, June income outpaced spending by $19.14 billion, slightly less than the government’s June 2003 surplus of $21.23 billion.

That’s good, right? I mean, good for America and average Americans? Because I couldn’t tell from the news on TV that anything good was happening with the economy or the budget.

On the other hand, the government has been cooking the economic numbers for months, so I guess things balance out. We have a Republican government that won’t tell us the bad news and a liberal press that won’t report anything good about the government. The news that does get through, then, is probably fair and balanced.

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