Budget Deficit Grows
7 responses | 0 likes
Started by joj - July 11, 2019, 3:07 p.m.

Bloomberg reported an increase of 23% to 747 billion in the first 9 months of the fiscal year.

Nobody cares.  Put this in the NTR section.

Comments
By TimNew - July 11, 2019, 3:22 p.m.
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Yeah,  we added a whopping 8 billion this month.  Revenue is up 68 billion compared to the same time last year while spending is up by about 200 billion. In that regard,  we've gained since the deficit for June of last year was nearly 70 billion higher for the month. 

Oct-17235,341298,55563,214
Nov-17208,374346,922138,547
Dec-17325,797348,98923,194
Jan-18361,038311,801-49,237
Feb-18155,623370,871215,248
Mar-18211,000420,000209,000
Apr-18510,000296,000-214,000
May-18217,000364,000147,000
Jun-18316,278391,13674,900
By TimNew - July 11, 2019, 3:23 p.m.
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Oct-18252,692353,183100,491
Nov-18205,961410,864204,903
Dec-18312,514326,12313,539
Jan-19339,980331,297-8,683
Feb-19167,265401,243233,977
Mar-19228,811375,756146,945
Apr-19535,545375,240-160,305
May-19232,064439,833207,768
Jun-19333,952342,4298,476
By joj - July 11, 2019, 8:13 p.m.
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Now I'm relieved.  I should have known Bloomberg had it wrong.  Fake news.

By TimNew - July 11, 2019, 11:28 p.m.
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Below is the link to the US Gov Treasury site used as a source for the numbers. Bloomberg uses the same technique with record Dow and SNP #'s.  Indexes hit record territory after huge gains and it's big news!!.  Next day, they go up 1 point and again, Record Territory, Big News!!!.  They always seem to find a few people to buy into the hype. It keeps them in business.  And they'd like to thank you.


http://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf    
By Richard - July 12, 2019, 12:17 a.m.
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Debt does not matter when you are planning to BK.

By cliff-e - July 12, 2019, 1:41 p.m.
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Yes 45 and co. continue to run the country into the ground thinking only of reelecting himself to try to fix the mess he's created.

By TimNew - July 12, 2019, 1:55 p.m.
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I guess you can't have TR deficit discussions..

The mess he has created?

You mean the highest GDP we've seen since the great recession?

Or do you mean the rate of mfg jobs created, which is somewhere around 400% greater than the previous "Magic Wand" admin?

Or do you mean the lowest unemployment rate in 50 years, the lowest ever for minority groups?

Surely you can't be referring to the debt as anything we've seen so far was totally eclipsed by the previous admin which added more debt than all the previous admins going back to George Washington.


Edit:  I left a lot of positives  out of this, but the list is much longer. I  just want some clarification on the "MESS".


Edit2: I won't hold my breath. The majority of objections to Trump are unsubstantiated histrionics.