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Author Topic: US June Deficit: $60 Billion, $17 Billion Worse Than Prior Year  (Read 268 times)

Fury

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US June Deficit: $60 Billion, $17 Billion Worse Than Prior Year
« on: July 12, 2012, 05:26:43 PM »
US June Deficit: $60 Billion, $17 Billion Worse Than Prior Year

The good news: the deficit in June was $59.7 billion, just on top of expectations of $60.0 billion. The bad news: the June deficit was $59.7 billion, following $125 billion in May (and yes, right after that shocking and one-time, tax return driven $59 billion surplus in April), and $16.7 billion higher compared to last June. Total debt in June increased by $85.7 billion so more or less in line. The cumulative deficit in Fiscal 2012 is now $904 billion through June, compared to $970 billion last year over the same period. Will this ever change? Not as long as profligate spending-encouraging record low yield is there. Tune in next month when we find that the July deficit was about $140 billion in line with historical data.



http://www.zerohedge.com/news/us-june-deficit-60-billion-17-billion-worse-prior-year


Haha.
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Soul Crusher

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Re: US June Deficit: $60 Billion, $17 Billion Worse Than Prior Year
« Reply #1 on: July 12, 2012, 08:17:13 PM »
Going in the right direction. 
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