Monday, May 7, 2012

Surplus!

The Treasury actually ran a surplus of $58 billion in April 2012.  That's the first time since August 2008 that the US had more receipts than expenditures.

Update:  Wait a minute.  The total national debt was $15.582 trillion on March 30, 2012 and was $15.692 trillion on April 30.  So the surplus wasn't used to pay down the debt.

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