Govt cuts deficit expectations, cites Obamacare

[VictorG]

"The non-partisan CBO, in revisions to its annual budget estimates, said the fiscal 2014 deficit would fall to $492 billion from $514 billion estimated in February. The forecasts assume no changes to current tax and spending laws.

But from fiscal 2015 onwards, it estimates a $186 billion decline in outlays for health insurance subsidies under the Affordable Care Act, commonly known as Obamacare."

http://www.cnbc.com/id/101581648" onclick="window.open(this.href);return false;

[CID1990]

That will be a major plus if it turns out to be true.

But like the old man said, "We'll see."

[CAA Flagship]

So if I drink 2 less beers and tip less at the titty bar, I should get a pat on the back when my annual household budget deficit drops from $15,000 to $14,975 because of it. Got it.

[HI54UNI]

CBO estimates.

It's not their fault because they have to go with what they are given but it's pretty simple - garbage in = garbage out.