The Briefing Room

General Category => Politics/Government => Topic started by: Formerly Once-Ler on November 14, 2018, 05:07:06 am

Title: U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year
Post by: Formerly Once-Ler on November 14, 2018, 05:07:06 am

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

Title: Re: U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year
Post by: Applewood on November 14, 2018, 05:09:01 am

The US has a budget?  Who knew? 

Title: Re: U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year
Post by: Formerly Once-Ler on November 14, 2018, 05:15:04 am

Quote from: Applewood on November 14, 2018, 05:09:01 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.