LakeCumberlandBoaters.com

...he has more to SPEND!!

US gov't reports $116.5 billion surplus in June.

WASHINGTON (AP) - The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years.


http://money.msn.com/business-news/arti ... =ansmony11

PAY OFF THE DEBT! Its not a surplus unless you have no debt!

This is thanks to the huge automatic spending cuts I would guess.

E_HILLMAN wrote:PAY OFF THE DEBT!

Can't pay down the debt with it because it's just barely enough to pay for their vacations for 3 more years.

PS: the article I read about it said it was due to a combination of the automatic spending cuts PLUS TAX INCREASES