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Zion Oil & Gas, Inc. Message Board

  • zion_will_up_huge zion_will_up_huge May 21, 2013 8:28 PM Flag

    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.


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