The Incredibly Shrinking US Budget Deficit

The growing economy is delivering more tax revenues and spending on government funded healthcare has been falling.  This has affected the Republican "starve the beast strategy".  It has used rising budget deficits to justify cuts in government social welfare programs that it has never liked. They used tax cuts to implement that strategy under Reagan and Bush, and the Great Recession caused tax revenues to fall even further.  That created a field day for budget scolds who told the public that the US was on its way to becoming the next Greece.  Interest rates on US debt were going to skyrocket and the Fed's efforts to stimulate the economy by printing money was going to produce hyperinflation.  None of these things happened on the way to becoming the next Greece.  Now the slow process of economic recovery and healthcare reform is improving the US budget outlook today and in the future.  Republicans may have to invent a new game.  They are working hard to find a reason to impeach a president from the wrong party.