US deficit 'is falling faster than ex...

US deficit 'is falling faster than expected'

There are 6 comments on the story from May 15, 2013, titled US deficit 'is falling faster than expected'. In it, reports that:

The US will post its smallest budget deficit since 2008 this year as increased revenues boost federal government coffers, according to the Congressional Budget Office.

Publishing updated budget predictions for 2013 to 2023 yesterday, the CBO, which provides the US Congress with budgetary information and advice, said it expected the deficit for the fiscal year ending September to be $642bn. This is $203bn less than the $845bn projected by the CBO just three months ago.

Join the discussion below, or

Since: Dec 07

Flint, TX

#2 May 15, 2013
Revenue this year will climb to 17.5 percent of U.S. gross
domestic product, up from 15.8 percent in 2012, according to the
agency. The 40-year average is 17.9 percent."

So, while revenues are only 4/10 of one % below the 40 year average, our spending as a percentage of GDP for 2012 was 22.8....time to cut spending

Since: Aug 12

Dammam, Saudi Arabia

#3 May 15, 2013
The government is throwing a lot of dollar around the world, especially in China the trade imbalance is too big.

Winnemucca, NV

#4 May 15, 2013
The Charity vault is in the Rock....A landmark decision.....

Winnemucca, NV

#5 May 15, 2013
What's the writing on the Rock?

Winnemucca, NV

#6 May 15, 2013
Smell any Ethnarchy?

Saint Paul, MN

#7 May 15, 2013
So does that mean that the poor are not getting poorer and the middle class too?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

US News Discussions

Title Updated Last By Comments
News Evolution vs. Creation (Jul '11) 1 min ChristineM 172,097
News Debate illustrates power of Fox News in GOP cam... 2 min serfs up 5
News Barack Obama, our next President (Nov '08) 16 min Grey Ghost 1,265,117
Election 'Fox News Sunday' to Host Kentucky Senate Debate (Oct '10) 21 min LeDuped 190,686
News Obama: Dems getting 'squishy' over Iran deal 23 min LeDuped 117
News Planned Parenthood seeks fed study of fetal tis... 25 min serfs up 216
News Al Sharpton blasts 'racist' Trump adviser for '... 37 min Sir Jethro 148
News The President has failed us (Jun '12) 2 hr Quirky 337,040
News 5 things about Congress' fight over Planned Par... 9 hr Cat74 116
More from around the web