a refreshing snippet

[ProblemAgain]

gee i guess that's what happens when you start getting more income and reducing expenses

that's that middle ground....

Deficit Surprise: US Pays Down National Debt
 

By Richard Davies
@daviesabc
Follow on Twitter
Apr 30, 2013 7:45am

Morning Business Memo….

For the first time since 2007 – before the recession – the US Treasury is planning to make a down payment on the federal debt. The budget deficit has been shrinking more than expected. Thanks to government spending cuts, and higher tax receipts The Treasury says it expects to pay off $35 billion of debt in the second quarter. That compares to an earlier forecast that it would have to borrow $103 billion. Usually this time of year is the best for government cash flow because annual tax returns flood into the Treasury in April. But the return to at least one quarter of debt paydown is a clear sign government spending cuts and tax increases have helped lower the deficit.

http://abcnews.go.com/blogs/business/2013/04/us-pays-down-national-...

http://abcnews.go.com/blogs/business/2013/04/us-pays-down-national-...

[Dennis Barsten]

does this mean gas will get cheaper...?

[Lifesighs]

I saw the announcement, I'm happy we're in better than expected shape.

[exedir]

The economy is in a phase that is hard to place in history, much less recent history.  

One of the points is though things are bad, they could be worse.  But as it stands what we are experiencing is limping into a future of low growth, few jobs and restructuring of what and where we do things. 

We have experienced about the worse congress can do as to dealing with the economy which is well, nothing much.  What we will experience is having to wait, wait until the next big thing comes along which could be good, or bad.  

What we can say is low growth and near no growth isn't due to a lack of cash, the world is printing it about as fast as it can, and yet, we are still seeing deflation and wealth destruction as a theme of many of the world's economies.  

Gold has dropped, oil has dropped, copper has dropped and other commodities are seeing selling not buying.  So, where is the money going?  Into government debt, mostly, and a lot it is money coming into the United States for security and safety making our debt very, very cheap.

The problem is if there is a turn around, sudden inflation, hot money will fly around the world in seconds chasing returns and destabilize, destabilize the United States forcing us to do something, which will really, really hurt.  Unless, and the unless is getting the economy going again but by who and for what?

We have to look to private enterprise but we are still facing major uncertainties as we approach 2014 and another wrenching political campaign and election.  However the next big thing is probably Obamacare which is not going to be pretty in that few know anything about it including those that are attempting to implement a thing of so many moving parts, many that that not be built or tested, but in less than six months will have to start meshing...or mashing into something people can understand and use.