banking on a 3% growth unicorn while arguing with your creditors. The embedded video is very revealing.
The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier, as spending grew twice as fast as revenue.
The deficit widened from $63.2 billion in the same month last year, the department said in an emailed statement on Tuesday. October marks the start of the U.S. fiscal year.
Receipts totaled $252.7 billion last month, up 7 percent from a year earlier, while outlays climbed 18 percent to $353.2 billion, according to the department.
A ballooning U.S. budget shortfall -- fueled by tax cuts, spending hikes and an aging population -- is driving the Treasury Department to raise its long-term debt issuance. Waning support for U.S. government debt from the Fed, combined with President Donald Trump’s deficit-boosting tax cuts, are weighing on the debt load that he inherited from Barack Obama.
In Trump’s first full fiscal year that ended in September, the budget gap grew to $779 billion, the highest level since 2012.
I really think the "deficit" problem is somewhat misunderstood by the general population. Nevertheless, it is hysterical that it is the Repubs, who have control over every branch of governance who are running it up.
And we the people get nothing for this credit being taken in our name except for tax cuts for the rich that are suppose to "trickle down" like urine onto our heads from the great masters above us.
FYI - I get a page not found error when clicking on the link.