US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Source: https://www.zerohedge.com/markets/february-us-spent-double-what-it-collected-2024-budget-deficit-second-highest-ever-debt
Published: Mar 12, 2024
Author: Tyler Durden
Post Date: 2024-03-12 21:46:09 by Horse
Views: 227

The U.S.' national deficit surged in February as income declined and expenses rose, resulting in the federal government spending more than double what it collected in the month, according to a release from the Treasury Department

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what ...

The government is running a cumulative deficit of $830 billion so far in FY2024 ($117 billion more than the same period in the prior fiscal year when adjusted ...

Total US Debt March 11 = $34,471,482,665,578.20

Total US Debt Feb 23 = $34,230,783,465,383.28


Poster Comment:

The article is behind their paywall so I found this at Google. Does not look good.

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#1: Dakmar    To: Horse (#0)

Just raise taxes on all taxpayers to 99%, the tax recipients will make it up through increase in sales tax receipts. It was all in Biden's SOTU speech. :)

Dakmar posted on 2024-03-12 22:08:25   Reply   Private Reply