What happened to the Federal Deficit? Is it gone?

[econoclast]

4. Not hardly

For a number of reasons, the US usually records MONTHLY surplus during the MONTH of September. This year it is forecast to be a surplus of about 50 billion dollars or so. For the YEAR however, as per Whitehouse.gov, they project record setting tax receipts of 2.26 Trillion vs expenditures of 2.93 Trillion .... An annual deficit of 669 Billion. (Which is probably on the high side ... This is one of the projections you'd like to beat on the low side so its usually padded a bit so's its easy to come in under)

Another poster quotes the NYT as saying 500 billion or so. Which is way smaller than the previous Obama annual deficits, but still in the grand scheme of things ... Pretty damn big. For every 3 dollars we spent in 2014, we had to go borrow 50 cents of that money... Even tho we had record breaking tax revenue.