Coronavirus Spending Pushes U.S. Budget Deficit Past $3 Trillion for 12 Months Through June

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The U.S. budget deficit surpassed $3 trillion in the 12 months through June as stimulus spending soared and tax revenue plunged, putting the federal government on pace to register the largest annual deficit as a share of the economy since World War II

As a share of gross domestic product, the 12-month deficit came to 14% last month, compared with 10.1% in February 2010, when the U.S. was still recovering from the last recession. In June alone, the deficit widened to a monthly record of $864 billion, the Treasury.

 

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please finish the rest of that statement - “...adding to the historic debt we already had bc of the gop tax cut that only benefitted the rich”

This is a travesty. Politicians have failed is at every level while enriching themselves.

Trump spends money like a liberal on angel dust

And all that crazy spending, so a handful of corporations get half a trillion in net wealth and Trump cronies like Kanye West and the churches get the big bucks. The rest of the country has 11% unemployment, 3.5 million cases of COVID-19 and 135,000 people dead. 🙄

No one care....

Stop this insane lockdown. Open up the economy.

And bc Trump had it already running at recession levels even before the crisis. Make your headline real It was above a trillion in February but that detail is irrelevant is t it?

Can’t wait til the day after Biden is inaguarated for when conservatives suddenly decide they care Deeply about debt and deficits again

Coming home open the schools for sure as Mrs Besty Devo's said we need those childred in schools down there many won't come home to their mothers and father's Quess what you can't bring them back to Life so Good Luck with School

Nice job Don

So Mr Trump just call your great Friend MrXi in China ask for 500000 more body bags because you will need them order more freezer trucks to store the bodies in because it getting very hot down there call all the Good old Boys out to help collect the bodies because more are

So much winning! Are you tired of it yet?

Maybe you haven’t noticed...there is a pandemic spreading

Other so Covid19 must hit them harder faster more deadly for them tobeleived the President say it not a big problem down there they must open their schools or he will cut off their federal money and that a good thing for him to do to them they don't have a problem down there

Texas Florida AZ is fighting for their Lives every day and night but the Republicans down deny their is a virus there their Leader Mr Abbott says it not a problem no one has the right to tell them what to do they will not waer any masks or stay home or six feet apart from each

Trump is shooting for his greatest bankruptcy ever, the entire US government.

DBChirpy evidence Trump is neither a conservative or a Republican. Trump is a RINO. gop platform for decades has been low debt and deficit. Trumpism is neither conservative or Republican. RVAT2020 votevets ProjectLincoln ap reuters abc cbs nbc cnn foxnewsradio

Me waiting on the trickle down effect from the wealthy tax cuts.

Winning!

Debtor nation here we come!

Wealth Tax on Robert Mercer!!!

mockBotv1

What happens when rich like Kushner gets Billions of dollars!

Yes sir the greatest president running the country straight into the ground. Will leave a mess for next president 🇺🇸

10% tax on the richest 100 and gap will close a bit

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