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CBO forecasts largest-ever monthly surplus

Desert Storm

Desert Storm

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When was the last time the US had a surplus??

https://www.marketwatch.com/story/c...lus-as-record-tax-receipts-pour-in-2018-05-08

CBO forecasts largest-ever monthly surplus as record tax receipts pour in

Record tax receipts will lead to the largest-ever monthly budget surplus for the federal government, congressional analysts said in a new report, as Americans hand over more money to Washington.

The nonpartisan Congressional Budget Office estimates the April surplus will total $218 billion, breaking the prior record of nearly $190 billion notched in April 2001.

Greater-than-expected tax receipts drove the surplus, CBO said, noting the record $515 billion in receipts for the month was as much as $40 billion more than the agency estimated about a month ago
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Rexedgar said:
What do you make of the photo caption in your linked article?



April’s budget surplus will set a record, the CBO says, but President Trump’s tax law is expected to widen the deficit for the full fiscal year
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Expected =/= for sure.

Still more months to go before end of fiscal year
 
Desert Storm said:
Expected =/= for sure.

Still more months to go before end of fiscal year
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Is this an apt analogy? We have more money in the wallet today, all the bills are paid, but at the end of the year we are homeless and shopping at Goodwill.......if that!
 
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