The government, which runs on a fiscal year that starts in October, is running a deficit of $421.41 billion for its fiscal first quarter of 2023, a 12% increase from the fiscal first quarter of 2022, Treasury data shows. December’s deficit was nearly four times as large as the $21.3 billion deficit recorded in December 2021 as spending grew and revenue fell last month. Receipts totaled $454.94 billion, while outlays were $539.94 billion in December 2022.
” “We should not be borrowing $4 billion a day, an apparent debt addiction that is harmful to the economy and the budget,” Maya MacGuineas, president of the CRFB, said in a statement. The House Republicans’ rules package adopted earlier this week included measures aimed at reining in federal government spending and keeping a lid on taxes.
Oh no! Maybe we can ask Ukraine and the other foreign countries for our tax payer money back? I was thinking the US had too much money so they made loans? Nope Gov tossed our money out and we got the bill! Awesome!
But the Inflation reduction act. What happen Government media ?
Here's another way to say it...
Why do you all intelligent individuals think that is?
Not for long. Which is why Republicans are having a hissy fit wanting to strip funding from the IRS. Seems Trump's not the only Republican who cheats on his taxes.
Time to reduce the number of blood suckers working in government. They feel the need to justify their existence with more laws and more spending
I bet if Trump were still President, you’d blame him for this.
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Source: CNN - 🏆 4. / 95 Read more »