More Baloney (Deficits)

Posted 2012-05-08 00:30
by Karl Denninger
in Federal Government

WASHINGTON (MarketWatch) — The U.S. government recorded a budget surplus of $58 billion in April, the Congressional Budget Office estimated on Monday, breaking a streak of deficits that began in 2008.
The surplus — the first of Barack Obama’s presidency — was the result of both increased tax collection and lower government spending. Before April, the government had not run a surplus since September 2008, the month that the financial crisis struck the U.S. economy. Read CBO report.

Except.... the debt to the penny figures record debt-level surplus (all that matters) in June and July 2011 (1.58 billion and 718 million, respectively) along with $32 billion in January of 2010, $17 billion in October of 2009 and $68 billion in January of 2009.

Oh, and $60 billion in April of 2008.

The amusing part of this?

Debt "to the penny" was up $110 billion in April and the deficit "run rate" for the first four months of the year is $1.408 trillion.

Nice try guys.....

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