June 12, 2013

WHAT SHALL WE DO WITH THE SURLPUS?:

What Deficit? (Daniel Gross, 6/12/13, Daily Beast)
 
[C]onsider that for the next four months, assuming no big shocks or great changes, the government will essentially break even. That hasn't been done in well over a decade. In the first eight months of the fiscal year the deficit was $626 billion, down about 25 percent from the first eight months of fiscal 2012. But the Congressional Budget Office is predicting that's all the red ink we'll print this fiscal year. It is projecting the deficit for the entire fiscal year will be $642 billion. [...]

The greatest desideratum of fiscal hawks is for the government to take in as much money as it spends. For the next four months, for the first time in recent memory, that will be the case.

Posted by at June 12, 2013 8:21 PM
  

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