The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus-related recession skyrocketed while millions of job losses cut into tax revenue.
For the first nine months of this budget year, which began Oct. 1, the deficit totals $2.74 trillion, also a record for that period. That puts the country well on the way to hitting theThat total would surpass the previous annual record of $1.4 trillion set in 2009 when the government was spending heavily to lift the country out of the recession caused by the 2008 financial crisis.
this year until July 15. That decision delays quarterly payments from individual taxpayers and corporations that would have been due in June. Congress, which has already approved more than $3 trillion in a series of rescue packages, is scheduled to debate another support effort when it returns from recess on July 20. Democrats are pushing for an extension of the expanded unemployment benefits, which will soon run out.
Who cares
Man that tax money we didn’t collect from the 1% sure would come in handy right now.
So they just don’t fund the military for one year? Lol
The money wasn’t used to combat our economic toll. It went straight into the pockets of the families of kayleighmcenany realDonaldTrump WVGovernor and other GOPTraitors
We need a constitutional balanced budget amendment.
Does make you wonder if it’s Trump’s lot in life to borrow massive amounts of money
How much of a tax cut did the billionaires get? What about the PPE Loans? 🧐 We’ve been totally ripped off by the Grifting TrumpCrimeFamily ‼️ TrumpTaxReturns
DeHart8888 So much winning
Thanks Trump
But everyone wants to print money as if we had it to begin with. Both parties are driving this country to the ground. Remember this the next time they say “free” anything.
That’s because Space Force tv ads are expensive?
MAGA WINNING
But of course. A Republican conman is in office.
Gohmert wanted to impeach Obama over the budget
MAGA?
Thank you Trump for that tax break for the wealthy. You sure fooled us! Good one. And that assault on the ONLY national healthcare we DO have. Good one again. Man, you sure earned your ticket to the lower regions of the underworld! 😈
Good thing the Republican deficit hawks are on patrol in the Senate. Oh, wait...
Good thing the GOP gave the wealthiest another tax break. Poor rich bastards. Life must be hard for them.
Our poor children
Another major win by realDonaldTrump FuckTrump TrumpIsAnIdiot UnfitToBePresident
But I'm sure it's okay because it's a Republican budget deficit. The moment a Democratic president takes office be on the watch for screams from the right side of the aisle about the horrors of budget deficits.
Where is the TeaParty I wait it wasn't about fiscal responsibility, the Tea Party was about being racist. Now the GOP is the charge and spend party for sure.
This is what Trump prosperity looks like, everything on borrowed money and borrowed time
How are those tax cuts working?
Defund government.
Any comment, Tea Party?
So much winning!
Have any GOP deficit hawks said anything now or during the tax bill?
LOLLLLLLLZZZZ almost a trillion dollars in one month and people were claiming govt didn’t spend enough. Moving forward do not use US federal govt and fiscal responsibility in the sentence ever again
Thanks GOPTaxScam !
Let’s shut down again so it can increase
who care
And we’re spending on the wrong things.
Thanks Donald! You got us in this mess by giving socialism for the rich
Winning?
I presume the GOP will once again be incredibly concerned about the deficit on November 4th.
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