CNS: Federal Spending Tops $6 Trillion for First Time; Deficit Tops $3 Trillion for First Time
Federal spending has topped $6 trillion for the first time in any fiscal year in the nation’s history and the federal deficit has topped $3 trillion for the first time, according to the Monthly Treasury Statement for August that was released today.
There is still another month left in fiscal 2020, which runs through the end of September.
As of the end of August according to the Treasury, the federal government had spent a record $6,054,175,000,000. At the same time, total federal revenues were $3,046,786,000,000—leaving the federal government with a record deficit of $3,007,390,000.
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WNU Editor: If someone told me at the beginning of this year that at the end of this year the US would be spending $6 trillion ending with a $3 trillion dollar deficit .... I would say that they were crazy.
Update: This is going to balloon the US deficit even more .... The coming wave of defaults (The Hill).
11 comments:
Democrats are crazy. They loaded the initial relief bill with pork. They did not care about the deficit or the debt.
It should come as no surprise. A major portion of 2009 Relief went to unions. A portion of that flows back to Democrats, which funds their war chest. Obviously their war chest funds their perpetually monopoly on power.
Most Democrats do not understand their economy other than their house hold budget and the bank balance. But there world is full of connections that will get them through an rough patches (Wars, recession, depression) or so they think.
It is not what you know, but who you know.
"After moving to San Francisco, Pelosi became friends with 5th District congressman Phillip Burton, and began working her way up in Democratic politics.
Phillip Burton died in 1983 and was succeeded by his wife, Sala. In late 1986, Sala became ill with cancer and decided not to run for reelection in 1988. She picked Pelosi as her designated successor, guaranteeing her the support of the Burtons' contacts.[15] Sala died on February 1, 1987, just a month after being sworn in for a second full term. Pelosi won the special election to succeed her...
Pelosi represents one of the safest Democratic districts in the country. Democrats have held the seat since 1949 and Republicans, who currently make up only 13 percent of registered voters in the district, have not made a serious bid for the seat since the early 1960s." - Wiki
Do you think that 80 year old bat that has a political science degree and has been politicking, since emancipation has any real knowledge of economics?
She is so old and crusty that they only thing she thinks is that it is her way or the highway. She believes that in any negotiation she has the Republicans over a barrel. When it comes to McConnell and Miss Lindsey Graham, she is correct. She believes that any impasse benefits the Democrat Party, so she does not negotiate in good faith.
She believes that the current economic and political system can fail and it is to here advantage. Democrats will pick up the pieces and arrange them how they want. The whore bitch believes that if the US loses reserve currency status that inflation that makes $15//hr seem like slave wages is to the benefit of the Democrat Party to get their bully boys of whatever name (BLM. ANTIFA, OWS, KKK) on the street intimidating is the best socialist tradition (NAZI, Red Guard).
Seems to me when system falls apart and countries default other powers move in. In 1895 it was France and Britain moving in on Venezuela after the latter defaulted. It can happen again. It will be China in our case. After the system collapses due to debt and China moves in Nancy and fellow demoncrats will ask the military they have been defunding to resist with the "army that we have." Maybe Nancy will wish or "deem" that the US army wins?
Would Nancy be delusional to "deem" the army will win in a future conflict with China?
Does Nancy get her hair done while forbidding others to get their hair done?
"Economist and economic adviser to President Trump Stephen Moore called on House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) to "get a deal done" amid a stalemate to pass a fifth coronavirus relief package.
Moore's comments come as Republican senators declared the fifth coronavirus stimulus bill dead on Thursday after Democrats rejected the roughly $500 billion GOP-drafted bill. "
There we have it. Proof that Nancy will let the economy burn, because she believes she has Republicans over a barrel and that it will help her the upcoming election.
so she sees to it that lockdown remains in large sections of the economy causing need for many people. she will let this last from now until November 3rd.
That is 2 months or 1/6th of a year.
Democrats have been blocking bills since July. It ran out July 31st. So that is 3 months.
3 months is 1/4 of the year.
DEMOCRATS ARE EVIL STUPID SHIFTLESS MOTHERFUCKERS.
Could you go back to any previous society and tell them to not sow or reap their fields for 3 months and survive? You could if it was between reaping and sowing. Otherwise you would be condemning large numbers to die?
This is exactly what the Democrats from NJ, NY, PA, CA, NV, MI, WA, OR, IL and other places are doing.
That is EVIL.
Most Americans are skeptical of President Donald Trump's performance on the coronavirus pandemic -- disapproving of his response, disbelieving of his rhetoric on the virus and critical of what they view as his lagging approach to containing it, a new ABC News/Ipsos poll released Sunday finds.
Trump's approval for his handling of COVID-19 lands at 35% in the new survey, which was conducted by Ipsos in partnership with ABC News using Ipsos' Knowledge Panel, compared to 65% who disapprove. This marks the fourth straight poll with Trump's COVID response approval hovering in the low-to-mid 30s since early July.
In six months of polling on the virus, Trump's approval for his stewardship on the pandemic reached a low of 33% in a July 10 poll, after reaching a high in the early days of the crisis -- 55% in a March 20 poll.
PHOTO: Poll graphic seen on This Week.
via This Week with George Stephanopoulosvia This Week with George Stephanopoulos
Poll graphic seen on This Week.
Poll graphic seen on This Week.
With deep fissures along partisan lines, Trump continues to face hurdles expanding beyond his base support on this particular issue. Although 80% of Republicans approve of his handling of the pandemic, only 31% of independents and 5% of Democrats say the same. One in 5 Republicans and an overwhelming 95% of Democrats and 69% of independents disapprove of his response to the coronavirus.
MORE: The Trump administration made many COVID promises for fall. Here's where they stand.
Roughly two-thirds of the country think the president acted too slowly in responding to the outbreak and also distrust what he has said about the coronavirus -- a precarious reality for Trump who is facing reelection in less than two months in a campaign largely seen as a referendum on his response to the unprecedented crisis.
The new poll was conducted at the tail end of a contr
"Moronic!
the deficit went sky high when Trump gave a huge tax break to the wealthy."
The decreased tax rates increased government revenue. Nancy Pelosi just increased spending faster tan tax revenues grew.
Take calculus and learn the sweet spot for maximizing tax revenue you fucking goon. Justice would be the government droning your work center.
12:46 has some of the hallmarks of a Fred Lapides post.
the same post at 12:44 was posted at 12:46 on another post.
Are The Israeli - UAE- Bahrain Peace Agreements A Distraction? According To The Person Who Is Third In Line To The US Presidency It Is 12:44
US Federal Spending Tops $6 Trillion for First Time; US Deficit Tops $3 Trillion for First Time 12:46
Confirming Frederick R. Lapides spam postings
It's not even tangible money anymore; just bits and bytes.
Paper or bits & bytes, it has to be tied to productive work or real property.
If earning power is not tied to productive work, there will be revolution or an end of things.
Different jobs need to be paid differently according to their value. you cannot pay a farmer 8 bucks an hour and pay an American Marxist 40 bucks an hour to write crap books on communism. you might have rules and consider it right, but it won't work.
In china before privatization the Marxist schools there taught that it was right that some people are paid more than others. I believe them to be correct in that item.
the ass monkeys in America, Canada, Europe and elsewhere in the Western Europe believe in ordering wages as they see fit. They are wrong.
Dana Blanton / Fox News:
Fox News Poll: Biden-Trump a 5-point race in post-convention poll — Both tickets have secured the backing of their key voting blocs — The Joe Biden-Kamala Harris ticket is ahead of the Donald Trump-Mike Pence ticket by a 51-46 percent margin. That 5 percentage-point advantage sits right …
Discussion: The Gateway Pundit, The Hill and New York Post
Harry Enten / CNN:
Why Biden's national lead matters — (CNN)Poll of the week: A new Monmouth University poll finds that former Vice President Joe Biden holds a 51% to 44% lead over President Donald Trump among likely voters. Among registered voters, it's Biden 51% to 42% for Trump.
Benjamin Fearnow / Newsweek:
Fox News Poll Shows Americans Saying Biden Is More Mentally Sound Than Trump to Serve as President — More Americans say former Vice President Joe Biden has the mental clarity to be president versus Donald Trump, according to the latest Fox News poll released Sunday.
Discussion: Raw Story and Conservative Review
Kendall Karson / ABC News:
Deep skepticism for Trump's coronavirus response endures: POLL — Trump's approval on the coronavirus lands at 35% in a new ABC News/Ipsos poll. — Most Americans are skeptical of President Donald Trump's performance on the coronavirus pandemic — disapproving of his response …
Discussion: CANNONFIRE, The Hill and ABC7
Chris Jackson / Ipsos:
Ipsos - News & Polls : News - Most Americans say President Trump moved too slowly on coronavirus pandemic
Discussion: The Hill
Frederick R. Lapides shills some more for the Democrat party at 5:13 PM.
Ipsos - News & Polls : News - Most Americans say President Trump moved too slowly on coronavirus pandemic
Lets look back at history. Trump shutdown flights to and from China to stop or slow the spread of corona and Democrats called him racist.
"Pelosi and other Democrats excoriated Trump for his order to block travel from China on January 30th. "
Can we contain the COVID-19 outbreak with the same measures as for SARS?
"The psychological effects of SARS, coupled with travel restrictions imposed by various national and international authorities, ..."
Trump used travel restriction like those used during SARS and Democrats called him racist.
the New York Health commissioner and Nancy Pelosi encourage people to visit Chinatown in mass gatherings without mask after the travel ban, so people could prove their allegiance to the Democrat Party.
Start telling the truth Lapides for once in your life.
At 5:14 Lapides spammed the same crap as 5:13
5:13
US Federal Spending Tops $6 Trillion for First Time; US Deficit Tops $3 Trillion for First Time
http://warnewsupdates.blogspot.com/2020/09/us-federal-spending-tops-6-trillion-for.html
5:14
More Reports That Democrat US Presidential Candidate Joe Biden Will Withdraw From The Debates
http://warnewsupdates.blogspot.com/2020/09/more-reports-that-democrat-us.html
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