The CBO reports that we are making great strides in reducing the deficit no matter what the radio gasbags & FAUX News claim.
Monthly Budget Review
report
May 7, 2013
The federal government ran a budget deficit of $489 billion in the first seven months of fiscal year 2013 (that is, from October 2012 through April 2013), according to CBO’s estimates. That amount is $231 billion less than the shortfall recorded during the same period last year, primarily because revenue collections have been much greater than they were at this point in 2012. In contrast, federal spending so far this year has been slightly lower than what it was last year at this time.
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