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Deficit streak ends: Obama sees first monthly surplus
The Washington Times ^ | May 7, 2012 | Stephen Dinan

Posted on 05/07/2012 5:35:46 PM PDT by TwelveOfTwenty

The federal government broke its record-long deficit streak in April, recording its first monthly surplus since the financial collapse at the end of the George W. Bush administration in 2008, according to preliminary figures Monday from the Congressional Budget Office.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Government; News/Current Events
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To: TwelveOfTwenty

Just a verbal shell game to fool the sheeple. Since taxes are due by April 15th or so, the treasury normally takes in more in than it pays out in April. Revenue is not received by the federal government in 12 equal installments. One would have to be the dullest knife in the drawer to believe this article when there will be a 1.5 trillion shortfall for the budget year!


41 posted on 05/07/2012 8:40:59 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: TwelveOfTwenty
The federal government broke its record-long deficit streak in April...yeah, and let's see what happens in May, after all the tax payments are in......
42 posted on 05/07/2012 9:06:42 PM PDT by Intolerant in NJ
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