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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (132759)	4/5/2013 5:03:48 PM
From: Wharf Rat	3 Recommendations Read Replies (1) \| Respond to of 149317

The second fact is that we're into Obama's second terms and we're on track to run $1.4 trillion in deficits this year." Gag me with a spoon. It's a sad day when Faux is almost twice as close to the truth as you are. January surplus shrinks 2013 US budget deficit Published February 12, 2013 Associated Press The federal government reported a rare surplus for January and is on track to run its smallest annual budget deficit since President Obama took office. The Treasury Department said Tuesday that the government took in a surplus of $2.9 billion in January. That's the first monthly surplus since April, a month that benefited from income tax payments. January's budget benefited from an estimated $9 billion in extra revenue from higher Social Security taxes. That helped lowered the deficit through the first four months of the budget year to $290.4 billion -- nearly $60 billion lower than the same period a year ago. The budget year began on Oct. 1. For the entire year the Congressional Budget Office is forecasting the deficit will total $845 billion. If correct, that would be first time government hasn't run an annual deficit in excess of $1 trillion since 2008. Read more: http://www.foxnews.com/politics/2013/02/12/january-surplus-shrinks-2013-us-budget-deficit/#ixzz2Pcod05TF