[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

TRUTH About John McCain's Service - Forgotten History

Bombshell Fauci Documentary Nails The Whole COVID Charade

Joe Rogan expressed deep concern that Joe Biden and Ukrainian President Zelensky will start World War III

Fury in Memphis after attempted murder suspect who ambushed FedEx employee walks free without bail

Tehran preparing for attack against Israel: Ayatollah Khamenei's aide

Huge shortage plagues Israeli army as losses mount in Lebanon, Gaza

Researchers Find Unknown Chemical In Drinking Water Posing "Potential Human Health Concern"

Putin visibly ‘shocked’ by US green-light for long-range missiles to strike inside Russia

The Problem of the Bitcoin Billionaires

Biden: “We’re leaving America in a better place today than when we came into office four years ago … "

Candace Owens: Gaetz out, Bondi in. There's more to this than you think.

OMG!!! Could Jill Biden Be Any MORE Embarrassing??? - Anyone NOTICE This???

Sudden death COVID vaccine paper published, then censored, by The Lancet now republished with peer review

Russian children returned from Syria

Donald Trump Indirectly Exposes the Jewish Neocons Behind Joe Biden's Nuclear War

Key European NATO Bases in Reach of Russia's Oreshnik Hypersonic Missile

Supervolcano Alert in Europe: Phlegraean Fields Activity Sparks Scientists Attention (Mass Starvation)

France reacted to the words of a US senator on sanctions against allies

Trump nominates former Soros executive for Treasury chief

SCOTUS asked to review if Illinois can keep counting mail-in ballots 2 weeks after election day

The Real Reason Government Workers Are Panicking About ElonÂ’s New Tracking System

THEY DON'T CARE ANYMORE!

Young Americans Are Turning Off The TV

Taxpayer Funded Censorship: How Government Is Using Your Tax Dollars To Silence Your Voice

"Terminator" Robot Dog Now Equipped With Amphibious Capabilities

Trump Plans To Use Impoundment To Cut Spending - What Is It?

Mass job losses as major factory owner moves business overseas

Israel kills IDF soldiers in Lebanon to prevent their kidnap

46% of those deaths were occurring on the day of vaccination or within two days

In 2002 the US signed the Hague Invasion Act into law


National News
See other National News Articles

Title: CBO Figures Out How To "Math", Raises 2024 US Budget Deficit By $400BN To $1.9 Trillion
Source: [None]
URL Source: https://www.zerohedge.com/markets/c ... dget-deficit-400bn-19-trillion
Published: Jun 18, 2024
Author: Tyler Durden
Post Date: 2024-06-18 20:15:20 by Horse
Keywords: None
Views: 225
Comments: 2

This should come as a shock to exactly nobody.

Last week, the Treasury reported that in May, the US government collected $323.6 billion in tax receipts, it spent more than double that, or some $670 billion...

.. resulting in a May budget deficit of $347 billion - about $100 billion more than consensus expected - and the second biggest May deficit on record, with only the Covid crisis peak of May 2020 higher.

As a result of the blowout May deficit, the cumulative fiscal 2024 shortfall once again surpassed the 2023 total, bringing the YTD deficit total to just over $1.2 trillion more than the $1.16 trillion cumulative deficit through May 2023, and that's with 4 more months left in the fiscal year

Now, at this point, someone who still has a functioning brain at the CBO looked at the two llines and realized that with the final 2023 deficit printing just over $2 trillion, the CBO's current forecast of "only" $1.5 trillion for 2024 looked idiotic at best, and like total propaganda garbage at worst.

And so, moments ago - and, again, with just 4 months left in fiscal 2024 - the CBO took machete to its 2024 forecast, and in hopes to avoid looking like a consummate fool, hiked its 2024 budget deficit forecast from $1.5 trillion to $1.9 trillion, confirming that there will be effectively no difference in the fiscal picture between 2023 and 2024.

In its latest projections published today, the Congressional Budget Office (CBO) predicted that government spending would continue to, drumroll, rise. The CBO estimate of the budget deficit was $400 billion higher from the office’s last projections released in February, bringing the total to $1.9 trillion, up from its previous $1.5 trillion forecast. (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: All (#0)

https://www.zerohedge.com/political/not-babylon-bee-california-proposes-restraining-orders-stop-thieves

'Not Babylon Bee': California Proposes Restraining Orders To Stop Thieves

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-06-18   20:19:49 ET  Reply   Trace   Private Reply  


#2. To: Horse (#0)

Let it burn. Them niggers that took out all those fake PPP loans had the right idea.

A rainbow coalition against Jews doesn't require Whites or Pro-Whites. It can be just as brown or anti-white as you like.

Prefrontal Vortex  posted on  2024-06-19   0:13:09 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]