Look at this good news.; looks like were headed in the right direction.
< The U.S. government posted a smaller budget deficit in August compared with the same month last year, helped by rising tax receipts.>
<The excess of spending over revenue totaled $90.5 billion last month, smaller than the median forecast of economists surveyed by Bloomberg News and down 13 percent from $103.6 billion in August 2009, according to a Treasury Department report issued today in Washington. The gap for the fiscal year that started in October was $1.26 trillion compared with $1.37 trillion last year at the same time. >
<The economic recovery has helped generate more tax revenue for the Treasury, even as the Congressional Budget Office forecasts the deficit this fiscal year will reach $1.34 trillion, the second-largest on record. The Obama administration faces the challenge of trying to limit the shortfall while stimulating an economy with joblessness close to 10 percent. >
Budget Deficit in U.S. Narrows 13% to $90.5 Billion on Rising Tax Receipts - Bloomberg