[piytar]

When you print enough fiat currency and inject it into the system, you can “pay” for a lot. And it works.

That is until your currency collapses. Coming soon to a world near you.

[mountn man]

The budget deficit has been shrinking more than expected

Not one word of a SURPLUS. Just that the DEFICIT is shrinking. A shrinking deficit is still a DEFICIT.

[keats5]

So is ABC telling us the sequester, which they want to blame on the Republicans, is working??

I’m so confused.

[Noob1999]

OK! So Treasury is running the printing presses 24/7, and placing all the money into the left pocket.

When they need to pay their bills, Treasury moves some of the money into the right pocket, named Federal Reserve, to get it into the monetary system

Now the right pocket is full, and with strong April 15 cash receipts, they can move some money from the right pocket, back into the left pocket.

Wow! Ice cream and cupcakes for everyone! Time to celebrate.

[kabar]

Pay down the national debt? LOL. We incur $4 billion in new debt every day.

[Redmen4ever]

Remember: The Republicans are responsible for anything bad associated with the sequester, and Obama is responsible for anything good.

[vigilante2]

Is this satire?

[Gene Eric]

>> Thanks to government spending cuts

There are NO spending cuts.

A young adult at 15 measured 5’8”. At 16, 5’9”. At 17, 5’9”. At 18, 5’10”.

According to govt math, at what year did the young adult shrink?

[NOVACPA]

http://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=01&startYear=2013&endMonth=04&endDay=30&endYear=2013

We have still borrowed roughly $450 billion in the first 4 months of this year, so on a net basis, we will have still borrowed over $400 billion per month...

ABC trying to make chicken salad out of chicken ^^^^.

[tomkat]

             
             

[Wyatt's Torch]

This shouldn’t be any surprise... receipts and outlays are seasonal and the forecast for 2H13 has been around $100 billion. Go watch David Tepper’s interview on CNBC from last Tuesday where he talks about this (in conjunction with the Fed’s asset purchases of ~$500 billion in 2H13).

[kevao]

I guess we won’t have to raise the debt ceiling now. That’s a relief....