The gap between what the government spent and collected rose 25% to $389 billion in the first four months of the fiscal 2020 year.
A historically low unemployment rate has helped push up tax receipts in recent months, but the government has steadily increased expenditures on healthcare and the military. Unadjusted receipts last month rose 10% to $372 billion, while unadjusted outlays were up 22% to $405 billion. Tax revenues fell sharply last year following the implementation of a Republican-led overhaul, which lowered rates for corporations and high earners. Congress also passed a bipartisan spending package that was expected to add at least $500 billion to the deficit over a decade.
Every Republican deficit is good no matter how big it is, and every Democratic deficit is bad no matter how small it is (or that it's even a surplus). That's what happens when you turn politics into Thunderdome.
The ECONOMY IS NOT GROWING IF THE 'GROWTH' IS BEING FUNDED BY INSANE NATIONAL DEBT, JUST THE SAME WAY HE BLOOD SUCKED, SCREWED UP AND BANKRUPTED HIS PREVIOUS REAL ESTATE EMPIRES (6 TIMES HE PULLED THAT INVESTORS RIP OFF AND NOW HE'S RIPPING OFF THE USA) . WAKE UP FOR GOD'S SAKE
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How the US buying Ericsson or Nokia would impact networking - Business InsiderThe US is looking to challenge Huawei, and one potential strategy involves buying a networking equipment provider, which could open opportunities for challengers and smaller players. JPD_IV 📈🤑? Very serious issue
Source: BusinessInsider - 🏆 729. / 51 Read more »
Black News Channel, the sole African American-led news network in the US, has arrivedBlack News Channel debuted this week, the second week of Black History Month, to fill what its founders called a void in representation in national news. The network has begun broadcasting in select markets. It's about time this happened and I hope it is available nationally and soon! but not racism 🤣😂🤣🤪🤪🤪🤣😂🤣🤪😂🤣 Great
Source: CNN - 🏆 4. / 95 Read more »
Barr: U.S. scrutinizing information ahead of 2020 election, including from GiulianiU.S. Attorney General William Barr on Monday confirmed that the Justice Departme... Oh Willy Barr, the tales you weave, no ones buying what you’re selling ... Their corruption is now out in the open. Great. I haven’t had much lucy luck with the Barr’s set DHSgov
Source: Reuters - 🏆 2. / 97 Read more »
Trump seeks billions more for NASA to get US astronauts on the moon by 2024The Trump administration is seeking a big boost to NASA's annual funding in order to fulfill its mission to put a man and woman on the moon by 2024 If we go back, we need to stay this time. Permanent base. If his intent is simply to land on the surface a few more times, what's the point? That would be a complete waste of money. Why does he want a man on the moon?
Source: CNN - 🏆 4. / 95 Read more »
U.S. charges 4 members of Chinese military in Equifax breachFour Chinese military hackers have been charged with breaking into the computer networks of the Equifax credit reporting firm and stealing the personal information of tens of millions of Americans, the Justice Department announced Monday. Wait, are we trusting our intelligence agencies this week? I haven't gotten word from Dear Leader yet on this one. Why is it always that the left seek to arrest or condemn leftists that are beyond the grasp of our justice system? (It's as if they've been given a warning! At some point in time, the American ppl will get tired of their bullshit and rail at the democratic quidproquo! Not a chance. Equifax is way too suspicious and conniving for this, simply put, it was the American owners who ripped off American customers. To add insult to injury, they then charged to put their wrongs to right.. Ex Equifax employee here, I despise them.
Source: latimes - 🏆 11. / 82 Read more »
The U.S. Air Force’s Latest Budget Is Shrouded In SecrecyThe U.S. armed forces revealed their proposed fiscal 2021 budgets today at the Pentagon. Much of what the Department of the Air Force wants to do with $63 billion sought for new weapons and warfighting technology is secret Secret coffers of well-established companies with ties to influential budget setting politicians. On top of this, a significant reduction in healthcare..... Go figure, MAGA !! Secret technology thats already 20 years old, it will be interesting to see what they come out with!
Source: Forbes - 🏆 394. / 53 Read more »