US Deficit Surpasses $1,600,000,000,000. With NO END In Sight.
From Greg M
Lions and friends…
America is walking a precarious path as the nation’s budget deficit reaches $1.613 trillion. The US’ costs are vastly overshadowing its revenue, creating larger and larger deficit as time unfolds. The Treasury’s latest numbers reveal a $221 billion deficit for July of 2023 due to a contrast between the US’ $497 billion worth of outlays and only $276 billion in revenue.
The Treasury’s report shows that $67 billion, or 13% of the US’ total costs are going toward paying interest on its own debt.
This news should surprise not a single person who follows my work, moreover… this will get monumentally worse from here. Count on it.
GM
Some of us know it's intentional. The USA is far far beyond bankrupt. The debt and unfunded liabilities can never be paid. Eventually "open" control of the country will be given to some other entity. Maybe the UN which seems somewhat likely. Of course the "bankers" will still be in charge. Most likely The United States of America has been an illusion from the beginning.
IMO after mkt. crash later this year The Fed will pump at least 30 TRILLION more
to try to save economy like the Lehman days but much much more then ever before