$21B budget surplus. Is that right?
Yes, you read that right. The federal government ran a $21
billion budget surplus last month, the best January showing in four years, as
both spending and tax receipts set records for the month.
Now this news will be shocking to many. After all it was only last week that
George Bush's 2.7 trillion dollar budget was slammed by many as either a) not
aggressively attacking the budget deficit, or b) slashing many programs for the
needy.
The question is whether the surplus will be used to pay down the deficit, or
whether senators will use it to fund more port-barreled projects. My feeling is
that unfortunately it will be the latter.
