U.S. government posted a budget surplus in April, the first in more than 3 years

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

It's a good thing Willard Romney is such an economic wiz, because President Obama is making everything so much worse!

Oh wait.

Via Bloomberg:

The U.S. government posted a budget surplus in April, the first in more than three years, as tax revenue climbed and spending dropped.

Receipts topped outlays by $59.1 compared with a deficit of $40.4 billion in April 2011, the Treasury Department said today. Economists projected a $35 billion surplus, according to the median estimate in a Bloomberg News survey. It was the first surplus since September 2008 and the biggest since April 2008.

This is the first good news in a long while that the rising tide of tax revenues may be starting to lift as the economic expansion nears the three-year mark from the end of the recession,” Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said before the report. “The economy is growing again, but we can’t grow our way out of these trillion-dollar deficits.”

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare
  • http://www.facebook.com/Jon.L.K Jonathan Kocol

    Don't you worry.  I'm sure Mitt will take all the credit for it shortly.  Why, he's doing so good as the not-president that we should keep him in that position.