Author Topic: U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year  (Read 336 times)

0 Members and 1 Guest are viewing this topic.

Offline Formerly Once-Ler

  • Member
  • ***
  • Posts: 0
https://www.bloomberg.com/news/articles/2018-11-13/u-s-budget-gap-jumps-to-100-billion-at-start-of-fiscal-year

Quote
The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier, as spending grew twice as fast as revenue.

The deficit widened from $63.2 billion in the same month last year, the department said in an emailed statement on Tuesday. October marks the start of the U.S. fiscal year.

Receipts totaled $252.7 billion last month, up 7 percent from a year earlier, while outlays climbed 18 percent to $353.2 billion, according to the department.

More at link

Offline Applewood

  • Hero Member
  • *****
  • Posts: 10,361
Re: U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year
« Reply #1 on: November 14, 2018, 05:09:01 am »
The US has a budget?  Who knew? 


Offline Formerly Once-Ler

  • Member
  • ***
  • Posts: 0
Re: U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year
« Reply #2 on: November 14, 2018, 05:15:04 am »
The US has a budget?  Who knew?

They don't have a budget.  They just spend the money that gets sent in and then $100 billion more per month.  They call it winning.