Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 12/31/2012
Swing and a Miss!! The US Daily Deficit for 12/31/2012 was $1.4B, substantially lower than my projection if $15-25B, leaving December’s surplus solidly intact at $20.6B vs December 2011’s $59.3B deficit. I’ll have more analysis later, but Revenue was up $45B and Outlays were down $35B resulting in an $80B improvement. No too shabby, if it it sticks. I’m hoping to get a 2012 total year piece posted in the next few days, and after that maybe a more in depth review of December and a look at January. So many things to do, so little time.