Business, Economy, Government Spending, Financial Crisis

Business, Economy

US budget deficit hits $2.77 trillion in 2021, 2nd highest

BREAKING: The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020. The deficits reflect trillions of dollars in government spending because of the pandemic.

10/22/2021 6:23:00 PM

BREAKING: The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020. The deficits reflect trillions of dollars in government spending because of the pandemic.

WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.

Before the pandemic deficits of the past two years, the biggest deficit the federal government recorded was a shortfall of $1.4 trillion in 2009 during the Obama administration as the government spent heavily to lift the country out of a severe recession following the 2008 financial crisis.

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But at the same time: Government revenue surged 18.3%. 'The increase was partially attributable to higher-than-expected collections from individual and corporate income taxes.' Despite the pandemic, despite the fact that 61% of US households paid zero in income taxes in 2021. Fixed it for you: BREAKING: The U.S. budget deficit drops 10%. Deficit totaled $2.77 trillion for 2021, down from the all-time high of $3.13 trillion in 2020. Deficits at high-levels due to pandemic spending which has cut poverty level to record lows. DoBetter MediaActSquad

Pres. Biden reduced the US budget deficit from last year ... Awesome Who the Hell cares?...... And a wee bit of an overambitious tax scheme for the wealthy. Umm wtf with this wording - so it sent down) What a shitty headline for THIS actual fact. “The Biden administration said Friday that deficit for the budget year that ended Sept. 30 was $360 billion lower than 2020, as a recovering economy boosted revenues…”

Pandemic or no pandemic, recession or no recession, the USA keeps spending more than it brings in. Unfunded liabilities are another story. Did they track the expenditures for 2020? Don’t forget the GOPTaxScam Democrats will sink US.

Democrats Weigh Tax Alternatives to Fund $2 Trillion PackageSen. Kyrsten Sinema's objections to any increases in top marginal rates on corporations, individuals or capital gains has emerged as a major hurdle in Democrats' quest to come up with a new framework for their $2 trillion package Don’t kid yourself, she was paid very very very well by big Pharma and rich Republicans to take that position. She has sold her votes to the highest contributor. She’s in their pockets Here’s your reminder Arizona law allows senators to be recalled after the first 6 months. Get to work Arizona democrats

To be correct, the pandemic started early 2020 which gave the US no choice but to pull more money from federal funding.. since we’ve now been in the pandemic for over a year with vaccines available, there’s no way for 2021 it should be that high, still. Thank your President good luck Pandemic spending is a must-have. Much smarter than building a wall to nowhere.

GDP $20 trillion 68% in hands of the rich ... taxation redirects money doesnt make it disappear...so long as its spent with American economy!. Govt contracts with American companies pay our wages further taxes...economy a CIRCLE 'The deficits reflect trillions of dollars in government spending because of the pandemic along with trillions in lost income because of Trump's tax breaks for corporations and the very wealthiest.' There, fixed that.

Now bring it down to $0. Thanks 45

White House, Dems hurriedly reworking $2 trillion Biden planWASHINGTON (AP) — The White House and Democrats are hurriedly reworking key aspects of President Joe Biden’s $2 trillion domestic policy plan, trimming the social services and climate change programs and rethinking new taxes on corporations and the wealthy to pay for a scaled-back package. Congress is greatly divided because the country is greatly divided. The only way to avoid that is if we had a FASCIST DICTATORSHIP FORM OF GOVERNMENT. There are people on the far far Right who would like that. No thanks. I want the US CONSTITUTION TO PREVAIL. Great! Then nobody will understand it! _Politics For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her earn_with_Jens1 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Highest-Paid NBA Players 2021-22: LeBron James Crushes Earnings RecordFor the eighth straight year, King James reigns supreme, earning more than $110 million. They each probably make more than most school systems budgets for multiple years! Let's idolize and over pay athletes but force our teachers, in many instances take money out of their own pockets for supplies for their students. Our priorities are f*cked! 1 LeBron James

Highest-Paid NBA Players 2021-22: LeBron James Crushes Earnings RecordFor the eighth straight year, King James reigns supreme, earning more than $110 million.

Highest-Paid NBA Players 2021-22: LeBron James Crushes Earnings RecordFor the eighth straight year, King James reigns supreme, earning more than $110 million.

Highest-Paid NBA Players 2021-22: LeBron James Crushes Earnings RecordFor the eighth straight year, King James reigns supreme, earning more than $110 million.