Read between the lines on $58 billion April surplus the CBO announced
Tuesday, May 8, 2012 at 8:42AM
This Congressional Budget Office chart shows the U.S. deficit remains at outrageous levels for the long term. (CBO graph/US Government. Arrow added by TUSR)Headlines touted a budget surplus of $58 billion in April for the U.S. government, good news for President Barack Obama as he goes from low to high gear on his 2012 campaign for reelection.
However, there’s bad news for the U.S. taxpayer because the Congressional Budget Office estimates the Treasury will record a deficit of $721 billion for the first seven months of 2012.
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