US Defit Explodes

[Earl]

US Deficit Explodes

Report:

US deficits expected to double this years.

FOX Business Channel

 

[Yakuda]

US Deficit Explodes

Report:

US deficits expected to double this years.

FOX Business Channel

It's ok Brandon has a plan. Print more money.

 

[Earl]

Federal deficit hit $1.6 trillion in first 10 months of FY23 ...
Fox Business

Aug 9, 2023 — The non-partisan CBO reported that the federal deficit more than doubled to $1.6 trillion in the first 10 months of FY2023 compared to a year ago.
https://www.foxbusiness.com/politic...st-10-months-fy23-double-last-years-shortfall

 

[Earl]

“The deficit will basically double from 2022 to 2023,” said Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget. “This should prompt a serious evaluation of federal policy going forward, though I worry it won't.” The surge in red ink has confounded many economists' expectations.

 

[Earl]

These deficits have added to the federal debt and the Congressional Budget Office (CBO) forecasts debt held by the public to grow even more over the coming years, to 100.4 percent of GDP in 2024 and 108.9 percent of GDP five years after that (see Table 1, in the 10-year Budget Projections report for May 2023).Jun 26, 2023

That's 100.4 percent of GDP and 108.9 percent of GDP next year and five years away.

 

[Earl]

That's "Bidenomics."

An economic plan that is already destroying discretionary spending by hard working Americans.

 

[Earl]

Nearly two-thirds of Americans are living paycheck to ...
Fortune
https://fortune.com › 2023/08/31 › americans-living-pay...
5 days ago — Research from LendingClub finds that 61% of adults were living paycheck to paycheck as of July 2023, a two-point increase from the previous year ...