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:

http://www.cbo.gov/sites/default/files/cbofiles/attachments/2012_04_MBR.pdf

Excerpt:

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.

http://www.reuters.com/article/2012/05/07/us-usa-budget-cbo-idUSBRE84615I20120507

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.

http://articles.marketwatch.com/2012-05-07/economy/31606140_1_budget-surplus-cbo-estimates-monthly-surplus

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.

http://www.bloomberg.com/news/2012-05-10/u-s-posted-budget-surplus-of-59-1-billion-in-april.html

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 http://www.publicdebt.treas.gov/ , 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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