The good economic news keeps on rolling in. Showing that Mitt's bullshit talks while President Obama's actions walk
The federal budget deficit dipped to $1.1 trillion in fiscal 2012, the 12 month period that ended Sept. 30, according to a report released Friday by the nonpartisan Congressional Budget Office.
The figure was $200 billion less than the deficit recorded the previous year. This time, outlays dropped 1.6 percent last year, while receipts were up slightly. Here's some of the report:
"The 2012 deficit was equal to 7.0 percent of gross domestic product, CBO estimates, down from 8.7 percent in 2011, 9.0 percent in 2010, and 10.1 percent in 2009, but greater than in any other year since 1947. CBO’s deficit estimate is based on data from the Daily Treasury Statements; the Treasury Department will report the actual deficit for fiscal year 2012 later this month.
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