U.S. government deficit down 17 percent from same period a year ago

PFC David Foster Did you read the article?

"The big increase reflected an improving economy that has seen corporate profits rise and millions of people going back to work, which boosts individual tax payments. In addition, businesses are having to make up for their portion of Social Security tax payments that were deferred last year as part of the tax relief Congress granted during the pandemic-triggered recession."

It has everything to do with Covid restrictions and them now being lifted...

A decrease is awesome, but let's not fool ourselves in how we got here.

SSG (Join to see) - I did read it, and we are still nowhere near where we need to be. I think it's bad that people have started thinking it's the norm to increase the deficit a trillion dollars a year. Last year was worse than horrible, this year was still worse than horrible still even being 17% better. People have been saying we should cut spending since the beginning of WWII, it should be obvious by now that we are not going to cut spending, The only other thing to do balance the budget is to raise revenue.

We've built a deficit so big that inflation is the only possible way we can see our way forward. Inflation shrinks the dollar, it will increase cash flow, it will make foreign currencies stronger against the dollar which will make our imports more attractive for them to buy. The rich people win big, the cost of everything goes up, especially properties and the worth of businesses. Theoretically, people will be earning more money, making yesterday's debts easier to pay. Equity will rise like a rocket going to space.

Who gets hurt? The middle- and lower-income workers who have no equity to rise, they only hope their wages will rise as much as their bills so they can continue to break even.

PFC David Foster we fix it by limiting the government... there is so much over reach its scary. We keep allowing both sides to spend money without any consequences... you do not reward overspending by giving them more money, you reduce spending by reducing the funds in which they can use. Your initial comment was a slight on Republicans and what you feel we are going to think and say.. your second stance is not a slight but an appropriate debate. There is was only a decrease because more people are working, hence more people are paying taxes and deferment of SS has ended... if it where not for that we would see the same bullshit results we've since since Slick Willy Clinton was in office in the mid 90s... they all suck....every last one of them... and you are right...the mid class takes the hit as always

SSG (Join to see) - I agree to some degree Jamie, but cutting spending is not enough, we need to increase revenue too. So, IMO, it doesn't matter how much you spend, as long as you get it paid for. Even Obama's last few years after beating back the "Great Recession", he was still adding a 1/2 trillion to the debt every year, then Trump took over, and so did he. Trump would have balanced the budget if he had not changed the tax structure, but he changed it and continued to add to the debt. I think Joe needs to cut spending and increase taxes until we balance out revenue with spending. http://www.polidiotic.com/by-the-numbers/us-federal-deficit-by-year/