New estimates of the 2013 federal deficit show it will be the lowest deficit since 2008.
Good news? New estimates of the 2013 federal deficit show it will be the lowest deficit since 2008.
The CBO claims that much of the reduction comes from new revenue, but I suspect that the real cause was sequestration, which actually forced real cuts in federal programs for the first time since Obama took office.
I put a question mark on the “good news” above in that the deficit will still be higher than $600 billion, and that spending is still out of control. This drop is merely the tiniest glimmer of hope in a black storm of disaster.
Good news? New estimates of the 2013 federal deficit show it will be the lowest deficit since 2008.
The CBO claims that much of the reduction comes from new revenue, but I suspect that the real cause was sequestration, which actually forced real cuts in federal programs for the first time since Obama took office.
I put a question mark on the “good news” above in that the deficit will still be higher than $600 billion, and that spending is still out of control. This drop is merely the tiniest glimmer of hope in a black storm of disaster.