"Bolstered by a strengthening economy and job market, the U.S. budget deficit has continued to shrink, reaching its lowest level for the fiscal year to date since 2008.
The deficit declined to $366 billion for the period from October 2013 through June 2014, according to the Treasury Department. That’s 28% percent lower than the deficit for the same nine months last year. The government had a small monthly surplus of $71 billion in June. "
http://www.msnbc.com/msnbc/us-deficit-continues-shrink?cid=sm_facebook_20140711_lowestdeficit1
In other words, when the wingnuts spew that the President has expanded the deficit, they're lying. Not that that will stop 'em.
- -