Revenue exceeded spending by $53 billion in December

Revenue exceeded spending by $53 billion in December

..With unemployment still very high and millions giving up on finding work after years of fruitless post-recession job hunting, many economists would argue the government needs to be spending aggressively to boost economic growth. Instead, the government is investing less in the economy now than at any time since World War II. The Federal Reserve’s radical bond-buying program — the only thing that kept the economy from sliding into a recession thanks to the trillions of dollars’ worth of austerity measures enacted since 2010 — begins to wind slowly down this month..

http://thinkprogress.org/economy/2014/01/14/3158271/december-surplus-record-austerity/

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About nickwinlund

40s-something macOS enthusiast.
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