U.S. Posts Largest-Ever Monthly Budget Deficit in February
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Bloomberg News: U.S. Posts Largest-Ever Monthly Budget Deficit in February
"The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year.
The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg.
February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday. The release was delayed a week by the government shutdown earlier this year.
Receipts dipped less than 1 percent to $1.3 trillion in the October-February period from the previous year, while spending accelerated 9 percent to $1.8 trillion.
The fiscal shortfall is widening following President Donald Trump’s $1.5 trillion tax-cuts package that’s weighing on receipts and raising concerns about the national debt load, which topped a record $22 trillion last month..."
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Its deficit spending all over again but this time the world will not be our huckleberry for long as it pertains to accepting the dollar as the world's reserve. The libertarians explicitly understand this and I was hoping rand would rub off on trump more.
I tacitly agreed with trump that stimulating the economy through well structured tax cuts for people who prove they are intent on creating economy here in the U.S, was the best route to dwindling the deficit over time. So as well as our economy is "allegedly" doing, its concerning we're still posting these short term deficits. I think too many people licked trump's balls so he just gave away too much and those people are like "thanks......diicckk", and the usual corporate welfare that trump seemingly promised he would end, continues unabated.
He should yank back any promises or cuts for those companies that were lije "yeah we'll bring back all these jobs" and now are like "yyeeaahhh we're really not sure now"
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it's baloney to blame it on tax cuts when the economy is booming, despite the obamao commie fed raising interest rates 4 times since Pres Trump was elected.
and, the democrats demand to boost social spending to make even more destitute people depend on the gov dole for their survival.
Democrats to push for equal funding boost for defense, domestic ...
Mar 12, 2019 - House Democrats said Tuesday they will fight this year to make sure ... and will oppose any Republican effort to boost defense spending above -
How is boosting the def budget good for controlling the deficit? It's more 80's bullshit all over again
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you have to boost the defense budget, your obaMAO commie slashed the defense budget Just learn to read...something.
and yes, both houses of Congress were weinies on the subject, too. THANK GOD FOR PRESIDENT TRUMP. MAGA !
https://www.washingtontimes.com/news/2016/mar/14/ed-feulner-obama-deep-cuts-to-defense-leaves-us-vu/
An indefensible defense budget
Obama's deep cuts could lead to a U.S. military defeat
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I'm assuming Cal blamed Obamao?
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I'm assuming Cal blamed Obamao?
And I'm assuming that when the stock market goes back up you'll be praising Trump for the recovery?
WSS
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Just a theory, in this world instantaneous stock reports, day Traders etc etc lead to this kind of shit. Instability in the market costs money as people bail. When Democrat puppet Robert Mueller released his report and dump time speculation was there is bad news for the administration. I predict that as news spreads it was bogus, meaning the entire investigation, things get Rosy again. We shall see.
WSS
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Is a monthly budget instantaneous?
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Is a monthly budget instantaneous?
These guys are just woefully undereducated. But yeah we're being "pseudo intellectuals" by pointing out basic high school civics huh?
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Is a monthly budget instantaneous?
These guys are just woefully undereducated. But yeah we're being "pseudo intellectuals" by pointing out basic high school civics huh?
These guys are just woefully undereducated. But yeah we're being "pseudo intellectuals" by pointing out basic high school civics huh?
Just keep on boasting, Slim, the Woodpecker believes you.
WSS
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
https://www.investopedia.com/investing/how-interest-rates-affect-stock-market/
William J. Clinton 1993–2001 George W. Bush 2001–2009 Barack Obama 2009–2017 Donald J. Trump 2017–presentSo, looks to me, that the fed became highly politicized about when George W. was re-elected. Interest rates roared high. Then when Obamao was running and was elected, the interest rates plummeted to a very, very low rate. Then when we elected Pres Trump and saved Real America - yep, the interest rates started going back up again. -
These guys are just woefully undereducated. But yeah we're being "pseudo intellectuals" by pointing out basic high school civics huh?
Just keep on boasting, Slim, the Woodpecker believes you.
WSS
Just keep on boasting, Slim, the Woodpecker believes you.
WSS
Ur just undereducated I'm sorry to inform you. Nobodys boasting about knowing the basics. Ur just dumber than the mean. It's really all there is to say
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Just keep on boasting, Slim, the Woodpecker believes you.
WSS
Ur just undereducated I'm sorry to inform you. Nobodys boasting about knowing the basics. Ur just dumber than the mean. It's really all there is to say
Ur just undereducated I'm sorry to inform you. Nobodys boasting about knowing the basics. Ur just dumber than the mean. It's really all there is to say
Call me when my prediction comes true. Should be a matter of weeks or possibly even days.
WSS
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Ur just undereducated I'm sorry to inform you. Nobodys boasting about knowing the basics. Ur just dumber than the mean. It's really all there is to say
Call me when my prediction comes true. Should be a matter of weeks or possibly even days.
WSS
Call me when my prediction comes true. Should be a matter of weeks or possibly even days.
WSS
U don't even realize what I was facepalming about. I have no idea what ur talking about nor do I care about ur prediction.
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Call me when my prediction comes true. Should be a matter of weeks or possibly even days.
WSS
U don't even realize what I was facepalming about. I have no idea what ur talking about nor do I care about ur prediction.
U don't even realize what I was facepalming about. I have no idea what ur talking about nor do I care about ur prediction.
Nor do I (or anyone else) care.
WSS
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Speaking of budgets...
..... this is pathetic.
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You'd think the special Olympics would be near and dear to Donald's heart. I mean...
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Speaking of budgets...
..... this is pathetic.
Speaking of budgets...
..... this is pathetic.
I'd say we should cut the teachers salaries. 5% , that should hey for a hell of a lot of Special Olympics and whatever the fuck else you guys are going to die without.
WSS
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Speaking of budgets...
..... this is pathetic.
I'd say we should cut the teachers salaries. 5% , that should hey for a hell of a lot of Special Olympics and whatever the fuck else you guys are going to die without.
WSS
I'd say we should cut the teachers salaries. 5% , that should hey for a hell of a lot of Special Olympics and whatever the fuck else you guys are going to die without.
WSS
Die without? What does that even mean?
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