-Caveat Lector-
or maybe we could fix the schools, help the sick, and generally do all those
things govt ought to do, instead of just rolling over for corporate
interests
............................................................................
....................................................
"It is not the function of our government to keep the
citizen from falling into error; it is the function of the citizen
to keep the government from falling into error."
Justice Robert H. Jackson
NEURONAUTIC INSTITUTE on-line: http://home.earthlink.net/~thew
> From: Bill Howard <[EMAIL PROTECTED]>
> Reply-To: Conspiracy Theory Research List <[EMAIL PROTECTED]>
> Date: Mon, 29 Oct 2001 18:45:08 EST
> To: [EMAIL PROTECTED]
> Subject: [CTRL] Government posts $US127billion surplus
>
> -Caveat Lector-
>
> This means that once again, THEY have over taxed us, the people. Maybe, just
> maybe, we could take some of that money and use to round up the street
> people and put them in re-education camps where they won't bother anyone.
> BHoward
> Papers, bitte
>
> Government Posts $127B Surplus
> By Jeannine Aversa
> Associated Press Writer
> Monday, Oct. 29, 2001; 2:13 p.m. EST
> WASHINGTON The sour economy and tax rebates made for a smaller, $127
> billion surplus for the 2001 budget year compared with the record bounty
> produced the year before, the Bush administration announced Monday.
> It was the first time since 1992 that the government's balance sheet didn't
> show an improvement. At that time the government's deficit had bloated to a
> record $290 billion; in subsequent years the deficits shrank and since 1998
> the government has recorded surpluses.
> Even with the deterioration in the government's finances, the 2001 surplus
> marked the second-biggest ever in U.S. history. Government finances have not
> shown so many consecutive years of surplus since before the Great Depression;
> an 11-year string of surpluses ended in 1930.
> Projections for the 2001 surplus have been revised downward by White House
> and congressional budget analysts this year as the economy, stuck in low gear
> for more than a year, continued to weaken.
> The Congressional Budget Office earlier this month estimated that the 2001
> surplus would be $121 billion, well below the $153 billion projected in
> August. The White House said it could be as low as $120 billion, versus an
> August estimate of $158 billion.
> The smaller surplus in the 2001 budget year, which ended Sept. 30, reflects
> the weakening economy's toll on tax revenues and the impact of provisions
> contained in President Bush's $1.35 trillion, 10-year tax cut, which was
> approved by Congress in the spring, the CBO said.
> The tax cut resulted in about $35 billion in rebate checks over the summer,
> the CBO said.
> The tax law also shifted the due date for corporate income tax payments
> estimated to total around $33 billion from mid-September to Oct. 1, which
> marked the start of the 2002 budget year.
> The Sept. 11 attacks on the World Trade Center and the Pentagon also
> contributed to the smaller 2001 surplus as government spending in some areas
> was increased after the disaster. But the impact was limited since the budget
> year ended Sept. 30.
> Some economists believe the government will post a deficit in the 2002 budget
> year, the first shortfall since 1997, reflecting costs of reviving the ailing
> economy and protecting the nation against terrorist attacks.
> In August, experts projected a $176 billion surplus for the new fiscal year
> that started Oct. 1, but now it is all but certain to end up as a deficit in
> the tens of billions.
> Many economists say economic fallout from the attacks pushed the economy into
> recession this calendar year. Analysts predict economic output fell in the
> third and fourth quarters, meeting one common definition of a recession.
> © Copyright 2001 The Associated Press
>
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DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance—not soap-boxing—please! These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
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