Federal Budget Deficit Grows by $260 Million in December

Are we surprise by these figures at all. The government has always spent more than it takes it, but crosses its fingers that by some act of god that the debt will go away and magically break even. Don’t we all wish it was that easy. I think we already fell over the fiscal cliff without a parachute and are screaming for HELP! I don’t know about the rest of you but for some reason I don’t believe these are the actual figures or for that matter I don’t think the government even knows how much it has spent. The only reason the budget in December was as low as it was was because of the little issue of the fiscal cliff and the administration along with the other leaders we elect and pay were trying to save face and restore faith in the American people. All I can say is can anyone tell what happened to America when did it all turn into greedom instead of freedom. My hope is that my some miracle our government that we elect to spend the taxes we pay on things that benefit our nation will wake up and realize they are too far down the rabbit hole.

24/7 Wall St.

131772836The U.S. federal budget nearly broke even last month. Compared with deficits of $120 billion in October and $172 billion in November, December’s $260 million is very low. For the 2013 fiscal year to date (three months) the federal government has spent $292.4 billion more than it has collected.

The good news is that the federal deficit to date in the fiscal year is 9% lower than the first three months of fiscal year 2012. Last year the federal budget actually ran a surplus in April (income tax time) and September (end of the fiscal year).

December receipts of $269.5 billion represent the largest total in 15 months, and December outlays of $269.8 billion is much lower than total outlays in either October or November.

It’s not out of the question that January’s collections will outpace spending as the payroll tax increase takes another bite of 2% out of workers’…

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One thought on “Federal Budget Deficit Grows by $260 Million in December

  1. Delpha Fridley says:

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