Stronger economy helps trim U.S. budget deficit [say feds]

Reuters ^ | Dec 10, 2014 | Jason Lange

[ConservingFreedom]

The U.S. federal budget deficit narrowed in November, helped by a strengthening economy that boosted tax receipts during the month, Treasury Department data showed on Wednesday.

Washington spent $56.8 billion more than it took in last month, which was less than half the deficit in November of 2013. It was also narrower than analysts' expectations for a $72.5 billion deficit.

After suffering from years of stagnant growth, America's economy has appeared to rev its engines this year even as the global picture has grown more troubled. Hiring by U.S. employers has picked up and the government is no longer engaged in the harsh austerity that reduced growth in 2013 through tax hikes and spending cuts. [...]

[Tzimisce]

...I’m supposed to believe that a government that’s constantly spending more is accumulating less debt?

[fhayek]

In a briefing with reporters, a Treasury official pointed out that the timing of some government benefit payments made the drop in the deficit look larger. For example, checks paying for things like elderly healthcare went out in October rather than November, making expenditures last month look smaller than normal.

Smoke. Mirrors. As with every report that comes out of this administration, the devil is in the details.

[The Sons of Liberty]

Stronger economy [sic] helps trim U.S. budget deficit [say feds]

All those "workers" who have dropped off the unemployment rolls by giving up looking must really be helping tax revenues!

/sarc

[StormEye]

"After suffering from years of stagnant growth, America's economy has appeared to rev its engines this year even as the global picture has grown more troubled."

Reuters will say anything to protect Obama and his Democrats.
Truth doesn't concern Reuters; only the triumph of liberalism,
socialism and homosexual rights is what their reporting is directed at.
And keeping Americans deceived.

[TwelveOfTwenty]

Does this factor the Fed’s printing and bond buying?

[central_va]

A 500 pound man loses 200 pounds. He still is huge fat man of 300 pounds.

[Intolerant in NJ]

Yabba Dabba Doo - they play games with numbers - borrowing now to pay off this year’s debt - the deficit - but add the money and now interest owed to what has to be paid in the future - the debt, which has doubled in the six years Obama has been in office to 18 trillion dollars......