Those Chicago guys will do anything…
Wait, the election is over!?
- Last January the deficit was $27 billion
- Fiscal YTD deficit $290B vs $349B a year ago
- Outlays $269B vs $262B last year
- Receipts $272B vs $234B last year
The improvement is entirely in higher revenues. A portion of that may be due to new taxes but the bulk is likely from better growth.
