The Deficit's Taking Care of Itself
As we ponder whether or not the US government should pay its December debts, let's note that December 2012 saw the smallest federal deficit in five years: $260 million, practically a balanced budget.
True, much of that shrinkage can be traced to individuals bringing income forward to avoid higher tax rates in 2013.
But, as Bloomberg News notes,
"Through the first three months of this fiscal year [2013], the deficit was 9.1 percent smaller than the same period last year."
About the Author
David Frum
David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.
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