Fun Fact of the Day, January 24, 2018

January 24, 2018

OFF JUST A BIT - In January 2007, the Congressional Budget Office forecasted a $249 billion surplus in fiscal year 2017 (i.e., $4,284 trillion of tax receipts less $4.034 trillion of outlays).  Fiscal year 2017 actually produced a $3.315 trillion of tax receipts less $3.981 trillion of outlays, a $666 billion deficit (source: CBO).

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