John Ransom

If things weren’t bad enough for Obama- high unemployment, the collapse of Europe, losing delegate votes to a federal inmate, the Chicago Bulls being eliminated from the playoffs- which, of course, screwed up the president’s NBA bracket- now comes even more bad news: The government actually brought in more money than it spent in April.

Obama better take a 14-day vacation real soon; or lower the debt ceiling; or something.

We are about to have an outbreak of fiscal responsibility. How did this happen?

What’s the use of sending up joke-shop, gag budgets to Congress, which can’t even garner one vote from any party, anywhere, if the result is a runaway budget surplus?  

That’s right; with $58 billion in extra cash, the government recorded its first monthly surplus in revenues since George Bush was president in 2008.

Quick. Pass a budget, before we have a surplus again.

“The federal government broke its record deficit streak in April,” noted the Washington Times, “notching its first monthly surplus since the end of the Bush administration, according to preliminary estimates released Monday.”

And of course, this is all Bush’ fault.

And those do-nothing Republicans.

"Every member of the House is up for election this year and a third of the Senate, and each of those members who are running for re-election has to explain to his or her constituents what they did while they were in Washington these last two years. Did they just say no," to more spending? White House automaton Jay Carney said according to the Huffington Post before the reporters ran out of quarters to feed into the White House machine.

I agree with Carney.

If they just said “no,” rather than “hell, no,” well, they ought to be ashamed. 

But don’t worry, HuffPo readers.

Obama has a shopping list; that surplus won’t last long.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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