Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 12/24/2012
The US Daily surplus for 12/24/2012 was $12.1B pushing the surplus for the month to 29.4B. With four business days remaining, it is a very real possibility that we could end December with a surplus for the first time since 2007. I’ll go ahead and take one on the chin and further revise my estimate down to 0, +/- $10B for the month of December. As it stands, revenue is up $28B and outlays are down $34B for a $62B improvement over last year through 24 days. While the outlay improvement is primarily a timing issue, there is no explaining away the revenue improvement…let’s see if it sticks in January.