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The Deficit’s Down, and That’s Bad News Why?

Too Rich

Good news, the government turned a big profit in April! Sadly, says Daniel Gross, that came at the expense of jobs, salaries, and retail sales.

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J. Scott Applewhite/AP

You can never be too thin, or too rich. Or have too much deficit reduction. Right?

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Maybe not. The latest cause for anxiety over the current expansion, which just entered its 47th month, is that the deficit is falling too rapidly.

The government won’t release the official April monthly data until it...

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