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