Posted by: The Dauntless Conservative | July 1, 2012

There was no April surplus that the CBO reported

Back in April, the Congressional Budget Office reported a budget surplus here:


The Treasury realized a surplus of $58 billion in April
2012, CBO estimates, in contrast with the $40 billion
deficit reported for the same month last year.

The United States will post a budget surplus for April, the first month it will have done so since the 2007-2009 financial crisis, the Congressional Budget Office forecast on Monday.

The U.S. government recorded a budget surplus of $58 billion in April, the Congressional Budget Office estimated on Monday, breaking a streak of deficits that began in 2008. The surplus — the first of Barack Obama’s presidency — was the result of both increased tax collection and lower government spending. Before April, the government had not run a surplus since September 2008, the month that the financial crisis struck the U.S. economy.

The U.S. government posted a budget surplus in April, the first in more than three years, as tax revenue climbed and spending dropped. Receipts topped outlays by $59.1 billion compared with a deficit of $40.4 billion in April 2011, the Treasury Department said today. Economists projected a $35 billion surplus, according to the median estimate in a Bloomberg News survey. It was the first surplus since September 2008 and the biggest since April 2008.

Oh, really? There was a deficit of  $110,289,386,116.60

But according the Bureau of Public Debt, the $58 billion number is false. Just go to , click on a link called “See the  US Public debt to the penny”.

Below, I have compiled the data; click on the graph below for a larger view.


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