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Old 02-19-2013, 07:31 AM   #38
Munson Munson is offline
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Join Date: Sep 2005
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Quote:
Originally Posted by BigRedChief View Post
January's budget benefited from an estimated $9 billion in extra revenue from higher Social Security taxes. That helped lowered the deficit through the first four months of the budget year to $290.4 billion -- nearly $60 billion lower than the same period a year ago.
We're still on pace for a $1 trillion deficit.........again.

Quote:
Originally Posted by BigRedChief View Post
The CBO last week predicted that the United States would rack up a $1-trillion-plus deficit for a fourth straight year, forecasting a $1.08 trillion gap for fiscal 2012, which ends on September 30. The fiscal 2011 U.S. deficit was $1.3 trillion.
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