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Author Topic: Federal deficit unexpectedly set to double this year  (Read 1040 times)

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Offline mystery-ak

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Federal deficit unexpectedly set to double this year
« on: September 05, 2023, 09:19:34 am »
Federal deficit unexpectedly set to double this year
Neil Irwin


The federal deficit is expected to nearly double this year, from about $1 trillion last year to $2 trillion for the fiscal year ending Sept. 30

Why it matters: There's no precedent for deficits this large, as a share of the economy — outside war, deep recession or pandemic.

    The WashPost's Jeff Stein reported Sunday on the stunning projected figure from the Committee for a Responsible Federal Budget.

Between the lines: Such huge spending imbalances contribute to high interest rates for consumers — including mortgages — in the short run.

    In the long run, it means interest costs will likely squeeze all other federal priorities.

more
https://www.axios.com/2023/09/04/federal-deficit-double-despite-economic-growth
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Online Kamaji

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Re: Federal deficit unexpectedly set to double this year
« Reply #1 on: September 05, 2023, 11:13:43 am »
:facepalm2:
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Offline DB

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Re: Federal deficit unexpectedly set to double this year
« Reply #2 on: September 05, 2023, 11:17:06 am »
The insanity continues unabated... And remind me, who is control of the House these days?
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Offline corbe

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Re: Federal deficit unexpectedly set to double this year
« Reply #3 on: September 05, 2023, 11:18:51 am »
Quote from: DB on September 05, 2023, 11:17:06 am
The insanity continues unabated... And remind me, who is control of the House these days?

   Trump puppet McCarthy.
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Offline libertybele

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Re: Federal deficit unexpectedly set to double this year
« Reply #4 on: September 05, 2023, 11:19:19 am »
Quote from: DB on September 05, 2023, 11:17:06 am
The insanity continues unabated... And remind me, who is control of the House these days?

Liberals such as Kevin McCarthy.
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Offline GtHawk

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Re: Federal deficit unexpectedly set to double this year
« Reply #5 on: September 05, 2023, 12:59:05 pm »
So when he says 'unexpectedly', that's sarcasm right?
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Offline roamer_1

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Re: Federal deficit unexpectedly set to double this year
« Reply #6 on: September 05, 2023, 01:01:48 pm »
'unexpectedly'... sure... I believe that.  *****rollingeyes*****
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Offline Polly Ticks

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Re: Federal deficit unexpectedly set to double this year
« Reply #7 on: September 05, 2023, 01:14:21 pm »
 :banging:
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Offline catfish1957

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Re: Federal deficit unexpectedly set to double this year
« Reply #8 on: September 05, 2023, 01:18:10 pm »
Show of hands here who expected this after supporting McCarthy and his ceremonious cutting off the balls of the Freedom Caucus.

Told You So.....
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Offline corbe

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Re: Federal deficit unexpectedly set to double this year
« Reply #9 on: September 05, 2023, 01:20:43 pm »
   At least they kicked that B1tch MTG out of the Freedom Caucus for being such an over-the-top Trump Lover.
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Offline catfish1957

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Re: Federal deficit unexpectedly set to double this year
« Reply #10 on: September 05, 2023, 01:25:01 pm »
Quote from: corbe on September 05, 2023, 01:20:43 pm
   At least they kicked that B1tch MTG out of the Freedom Caucus for being such an over-the-top Trump Lover.

Good thing she got this gig, one less crowded street corner.
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I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline corbe

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Re: Federal deficit unexpectedly set to double this year
« Reply #11 on: September 05, 2023, 01:39:54 pm »
   I can easily picture her on that Street Corner holding up her cell phone and saying 'Trump says I'm a Good Lay', do you want to talk to him?
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Offline DefiantMassRINO

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Re: Federal deficit unexpectedly set to double this year
« Reply #12 on: September 05, 2023, 02:38:41 pm »
Larger Debt Balance + Higher Interest Rates =
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Offline Bigun

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Re: Federal deficit unexpectedly set to double this year
« Reply #13 on: September 05, 2023, 02:44:41 pm »
Quote from: GtHawk on September 05, 2023, 12:59:05 pm
So when he says 'unexpectedly', that's sarcasm right?

I would sure hope so!
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