While the federal government traditionally posts its biggest budget surplus in April when taxpayers file and pay their tax returns, this years was a blockbuster in every possible way: in a May 7 preview of the report, the CBO said that a stronger economic expansion and income growth added to federal revenue in April.
Also the corporate tax repatriations haven't even begun yet.
Setting aside that ideally it should be impossible for the federal gov't to have either a surplus or a defecit - good news in the reality of our huge national debt (reduction of which improves our trade balance).
How exactly can there be a surplus when we are buried in debt?
I think it's measured akin to your household income - paychecks minus bills/expenses = surplus, but you still have loans?
That’s kind of a stupid way to look at it if you ask me. Especially on the scale of a country. The more debt you have the less your money is worth. On a personal level I think people are far too comfortable looking at things like monthly payments in stead of what it is actually costing you.
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