Federal Deficit Falls to Smallest Level Since 2008

  • Posted by a hidden member.
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    Feb 27, 2014 11:35 PM GMT
    The federal budget deficit fell precipitously to $680 billion in the 2013 fiscal year from about $1.1 trillion the year before, the Treasury Department said Thursday. That is the smallest deficit since 2008, and marks the end of a five-year stretch when the country’s fiscal gap came in at more than a trillion dollars a year.

    http://www.nytimes.com/2014/02/28/business/economy/federal-deficit-falls-to-smallest-level-since-2008.html?hp
  • creature

    Posts: 5197

    Feb 27, 2014 11:40 PM GMT
    I was just about to create a thread for this. You beat me to it! icon_biggrin.gif

    Also in the cited article:

    “Thanks to the tenacity of the American people and the determination of the private sector we are moving in the right direction,” said Treasury Secretary Jacob J. Lew in the report. “The United States has recovered faster than any other advanced economy, and our deficit today is less than half of what it was when President Obama first took office.”
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    Feb 28, 2014 4:43 PM GMT
    time for another republican war someplace where ever.
    Wait, we maybe should end the last one?


    Do i detect a trend Clinton had the economy humming along too
    tumblr_mh57yqCjcO1rg0orho1_500.jpg
  • Posted by a hidden member.
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    Feb 28, 2014 5:47 PM GMT
    so I guess the Sequester did work lol
  • Posted by a hidden member.
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    Feb 28, 2014 5:52 PM GMT
    as it should
  • rnch

    Posts: 11524

    Feb 28, 2014 7:23 PM GMT
    pellaz saidtime for another republican war someplace where ever.
    Wait, we maybe should end the last one?


    Do i detect a trend Clinton had the economy humming along too
    tumblr_mh57yqCjcO1rg0orho1_500.jpg





    Didn't see a problem then; don't see a problem now.