The Hill: Federal deficit jumps to $747B, likely to exceed $1T by September
The federal deficit rose to $747 billion over the past nine months, a 23 percent increase compared to the same period in the previous fiscal year, according to Treasury figures released Thursday.
The Treasury Department said in the same report that the deficit is expected to exceed $1 trillion by Sept. 30, the end of the fiscal year.
Revenue was up 2.5 percent, failing to keep pace with the 6.6 percent rise in outlays.
While the largest spending categories remained Social Security, defense, Medicare and health, the sixth-highest expenditure was for servicing the debt.
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WNU Editor: One day there will be a reckoning for this insanity. I just hope that I am not around when that day happens.
More News On U.S. Federal Spending Out Of Control
$3,355,970,000,000: Federal Spending Sets Record Through June; Deficit Hits $747,115,000,000 -- CNS
US budget deficit jumps 23.1% over last year as debt crisis looms -- CNN
US budget deficit jumps 23% through June -- AP
4 comments:
Records Show Bill Clinton Dined With Jeffrey Epstein in 1995 – Contradicting Claims in Clinton’s Public Statement
Bill Clinton lied to us again.
Who cares about the God Damned debt? These Republicans need to be primaried.
"Kevin McCarthy and 140 GOP Lawmakers Vote For Democrat Plan to Outsource Jobs"
And of course all The Democrats have to go.
and that Trump tax break generated how much new money to offset the debt????
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Trump tax breaks increased revenue.
Congress simply spent yet more money.
If you grown revenue by 2% or 3% and Congress grows spending faster than that, it is not the fault of tax cuts.
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