KRUGMAN: Bad news for Dr Evil fans: Days of 1 TRILLION $$$ deficit-OVER-In fact-deficit falling FAST

[karynnj]

5. They already changed the forecast for hitting it from August to October

based on the April results. I assume they altered their forecast for the rest of the year as well. However, if June also has unexpectedly high revenue, that could push it out further.

What I wonder is whether this is what was needed to move the economy - which would itself lower costs (fewer people needing assistance) and raise revenues (more people working). The problem is that until there is no deficit, at various points, the debt ceiling must be raised. The Republicans are not doing this because of real concern about the economy, but to eliminate Democratic programs that they dislike. What is sick is that they have been willing to slow the economy to gain their agenda.

Various reports have showed that the Government reductions in jobs has been a drag on the unemployment numbers that have decreased due to private sector gains. We would be in much better shape if government were not contracting. (One thing I wonder about there is how much extra revenue will the states get if the online tax collection bill passes the House and is signed into law. Then, could it be used to rehire teachers, police and firemen etc laid off due to budget.)