U.S. government reports $58 billion budget surplus in April 2012: First time since 2008

U.S. government reports $58 billion budget surplus in April 2012: First time since 2008

Washington : DC : USA | May 08, 2012 at 10:02 AM PDT
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Starve The Beast: Republican Deficit Crisis By Design

The Congressional Budget Office (CBO) is expected to release its report later in the week detailing a budget surplus of $58 billion. This news comes as a great indicator of the economic recovery currently occurring in the U.S. Claims from Republicans blaming President Obama for the current status of the economy enrage taxpayers with a fury previously unseen. Voters are angry because of the lack of jobs, mortgage foreclosures and poor economy. A budget surplus should help quell some of those concerns, although doubt seems to override reason when people become emotionally charged about the issues.

The last time the U.S. government recorded a surplus was in September 2008 - one month before the housing bubble burst. The surplus is due, in part, from receipts in April 2012 exceeding those in April 2011 by $30 billion. Spending also fell $69 billion since the same time last year. This decreased spending came from less funding to defense, Medicaid and the Postal Service.

Small business job growth is very encouraging and offers hope for many unemployed citizens currently seeking employment. At this time, small businesses are offering more new jobs than big businesses. Small businesses employ one half of the nations’ workers and job growth in small businesses is a strong indicator that small businesses will help carry the nation to continued economic recovery. Many jobs from big businesses have been shipped overseas and there is not much hope of those jobs returning to the U.S.

Read more here: http://www.allvoices.com/contributed-news/12068563-job-growth-in-small-business-on-the-rise

The crackdown on Medicare billing fraud is saving taxpayers millions of dollars. Medicare billing fraud leads to wasted taxpayer dollars spent on bogus services that have never actually been provided. This crackdown by the Medicare Fraud Task Force led to arrests in “Tampa, Miami, Chicago, Los Angeles, Baton Rouge and Houston brought in 100 people in the biggest roundup in a crackdown that began three years ago." President Obama initiated the Medicare Fraud Task Force three years ago.

Read more here: http://www.allvoices.com/contributed-news/12072004-medicare-crackdown-450-million-in-fraud-in-one-day

Seniors are saving billions of dollars with changes to prescription costs every year with the new rules under Obamacare. Due to changes in costs seniors incur in the “donut hole” under the Affordable Care Act, out of pocket expenses have been reduced by $3.4 billion for 5.1 million seniors.

Read more here: http://www.allvoices.com/contributed-news/12076840-obamacare-saving-seniors-billions

Economic recovery is a slow and painful process. Seeing good news like this is not only encouraging- it is refreshing. As our nation continues to pull out of the biggest economic disaster since the Great Depression, we look forward to even more wonderful news about the recovery.


If you like writing about U.S. politics and the 2012 campaign, enter "The American Pundit" competition. Allvoices is awarding four $250 prizes each month between now and November. These monthly winners earn eligibility for the $5,000 grand prize, to be awarded after the November election.

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President Barack Obama tours a small business in Washington, DC last week
President Barack Obama tours a small business in Washington, DC last week
Amee Ellsworth is based in Bennett, Colorado, United States of America, and is an Anchor on Allvoices.
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