Good economic news

Hmmm…tax revenues up – a lot. We see a 25% drop in the deficit. Unemployment down to 5%…why I remember when the press crowed that 5.6% unemployment was “full employment,” but of course, that was in the 1990’s when good news was allowed to be good news.

…an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.

It wasn’t unexpected in all quarters.

Not surprisingly, the NY Times could only find critics to quote on this story.