""You realize that the 53 billion shortfall is for one month, right? So far this year, we're over 300 BILLION in the red. Go ahead and celebrate. Woopdidoo.""
No Genius
in June the budget was in Surplus by $69b.
Each month at teh end of a quarter plus April have large budget surpluses, others have large deficits (this was the case even in the surplus year of 2000)
The good news here is that the budget deficit was expected to be $59b. So it came in $7b short. Or in other words we could be in for a $85b improvement in the budget deficit for this calendar year
Huck was right. Read the article. We're already above 300 billion this fiscal year, which we're already 10 months into. Unless we have large surpluses for the next two months, we are very likely to finish with a deficit over $ 300 billion by the end of the year.