Due To Obama's STUPENDOUS Leadership, The Budget Deficit Is Collapsing........
From Motley Fool..........
Raise your hand if you saw this coming: The federal budget deficit is collapsing. I mean really, it's in freefall.
None of you?
Let this be a lesson of how fast things change.
The Congressional Budget Office lowered its estimate of this year's budget deficit to $642 billion, $200 billion lower than it estimated in February, and down from $1.1 trillion last year. As a share of GDP, the deficit has declined more than 60% since 2009.
Three things are happening:
Tax revenue is coming in much higher than expected, thanks to a stronger economy.
Spending is coming in lower than expected.
Fannie Mae and Freddie Mac are repaying tens of billions of dollars in bailout funds.