This is clearly unpossible, but according to reports, the Treasury is saying that the deficit for August of this year is 13% lower than that of the August of last year, and 8% lower than the first 11 months of the current fiscal year over the prior matching period..
Suggested explanations are mainly based on increased tax receipts. Bizarrely, although US media and political discourse seems to never talk about the revenue side of deficit calculations, the US Treasury has stubbornly resisted abandoning math.
Keith Olbermann went into this on Countdown today, which prompted me to check into it.
The same report [apparently I missed this by hurrying too much] shows that for the first 11 months of the fiscal year, the deficit is 8% lower. [H/T DallasDoc.]
This might seem to be an important thing to talk about given how much time the fake deficit hawks and Teahadists scream about how all the bad things in the Universe are caused when Democratic Presidents have deficits. (Clinton's surpluses don't count because Newt Gingrich did that. No, really, that's what they say.)
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