The bullshit spewed by the government and reported without question by the MSM used to bother me. Now I don’t give a fuck for the most part. Liars are gonna lie and propgandists are going to propaganda. A $3.1 trillion deficit is truly horrific by itself. Just one problem. It was actually $4.15 trillion. The national debt is what matters. It actually went from $22.798 trillion at the beginning of the fiscal year to $26.945 trillion on September 30. If you don’t believe me go to this website and see for yourself:
https://treasurydirect.gov/govt/reports/pd/debttothepenny.htm
Only a government drone or central banker could get away with reporting a number $1 trillion lower than what actually happened. Welcome to America – Land of the willfully ignorant.
U.S. federal budget deficit soars to record $3.1 trillion in 2020
The numbers: The U.S. government ran a record budget deficit of $3.1 trillion in the fiscal year that ended in September. The massive deficit reflected the government’s effort to support the economy ravaged by the coronavirus pandemic. The four pieces of legislation passed by Congress this year to combat the recession was by far the largest fiscal response to an economic crisis since the Great Depression of the 1930s. By comparison, the deficit in fiscal year 2019 totaled $984 billion.
What happened: The four cornavirus financial relief bills, including the $1.7 trillion CARES Act passed in March, were estimated by the Congressional Budget Office to cost $2.4 trillion combined. The last time the government ran deficits anywhere near this big relative to the size of the economy was during World War II. Total outlays were $6.55 trillion in the latest fiscal year, while receipts totaled $3.42 trillion.
Big picture: Experts say that the government will have to return to a sustainable deficit path, but that the tax hikes and spending cuts needed to accomplish this goal should be put off until the pandemic subsides. In an outlook, the CBO said that the fiscal deficit will remain elevated over the next decade. The lowest projected deficit over the next decade is $1.080 trillion in 2027, according to the CBO. Fed Chairman Jerome Powell and top economists have urged the two parties in Congress to put aside their differences and pass more fiscal relief, but talks on another relief package have lost momentum.
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Come on, Quinn, don’t you know winning when you see it?
People voted for a Jewish snake and got bitten.
Color me stunned.
http://dissident-mag.com/2020/08/21/trump-admin-approves-record-high-245000-green-cards/
What color is part Jew/Mormon?
Things were serial falling apart at the end of last year. Then the plannedemic came along as a major distraction. The hush money was paid in hopes that no one would notice where the majority of the money really went – to the corporations, Wall Street, big pharma and all the friends of the Deep state. No doubt there will be another digital transfer of wealth after the election.
All the while, dumb people put on masks and cower in fear. Sadly, the pathetic virus is NOT what they should be fearing.
Don’t forget the missing $23 trillion that may actually be over $50 trillion “missing”. Ask Mark Skidmore at U of Michigan.
FASAB 56 (federal accounting standards advisory board) says the US accounting books are now closed to you peons because it’s a potential security threat for us to know what the hell is going on with OUR money. So shut up…
what a bunch of effin chicken littles you boys are–
the congress & the fed know what they’re doing,just wait till everything is in place–
What’s $1T among friends? When will the dollar value fall to zero, the fate of all fiat currencies?
That will make the $27 Trillion deficit zero and won’t the bankers be happy then?
A Trillion here and a Trillion there and pretty soon you are talking about a lot of phunny money
The vultures are picking the bones and stocking up for the winter. While the serfs toil and get further into debt, trying to find high ground.
Let the walls come tumbling down.
Deficits don’t matter.
A trillion here a trillion there and pretty soon you’re talking about a lot of printed out-of-thin-air “money”.
(for those who may remember Ick Irksome.)
Does it bother anybody that when you talk about a trillion dollars people yawn and move on to the next subject?
No such thing exists.
We ain’t seen nothing yet. Whoever wins the election, the deficit over the next 4 years will be at least another 10 trillion dollars.