U.S. government ran $9 billion budget surplus for January

[someoneyouknow]

Down 82% compared to last year's receipts of $50 billion. In addition, through current fiscal year, the federal budget deficit is $310 billion, up 77% compared to the same period in the prior year.

What happened? Tax receipts again plummeted after the massive wealth transfer of 2017. Currently, the Congressional Budget Office is predicting a slightly less than $1 trillion budget deficit for this fiscal year, though that is subject to the ongoing falling tax receipts.

https://www.marketwatch.com/story/us-runs-january-budget-surplus-of-9-billion-2019-03-05?mod=mw_latestnews

 

[someoneyouknow]

UPDATE:

This chart, whose source is the U.S. Treasury, shows the debt/deficit from Clinton until now.

Note how in both Republican administrations the debt/deficit is increasing while under both Democratic administrations it was shrinking (or in the case of Clinton, a small surplus).

Those tax cuts sure are bringing in the revenue.

https://66.media.tumblr.com/1c76d3de36c9657c1162dd5f72020433/tumblr_potjgqnyhX1qzsrli_400.jpg

 

[sharingfantasies]

Down 82% compared to last year's receipts of $50 billion. In addition, through current fiscal year, the federal budget deficit is $310 billion, up 77% compared to the same period in the prior year.

What happened? Tax receipts again plummeted after the massive wealth transfer of 2017. Currently, the Congressional Budget Office is predicting a slightly less than $1 trillion budget deficit for this fiscal year, though that is subject to the ongoing falling tax receipts.

https://www.marketwatch.com/story/us-runs-january-budget-surplus-of-9-billion-2019-03-05?mod=mw_latestnews

Easy to save money when you don't pay your workers or contractors.