US Records 2nd Biggest July Deficit In History As 25% Of Tax Revenue Go To Pay Interest

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By Majik
13 Aug 2024 7:13 am in No Holds Barred Political Forum
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Majik
13 Aug 2024 7:13 am
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While there was much more talk about the soaring US budget deficit earlier this year, when debt seemed to rise by $1 trillion every other month, lately it appears that the topic has become almost taboo perhaps because neither presidential candidate has any plan or clue how to normalize the trend which assures fiscal collapse for the US and the loss of dollar reserve status.But while others may have conflicts of interest in reporting on this most important topic, we don’t, and we are sad to inform our readers that July was another catastrophic month for US fiscal viability: that’s because US tax revenue of $330.4BN (down sharply from the $466.3BN in June, if higher than the $276.2BN a year ago), was far below the $573.1BN in government outlays (which was materially above the $537.2BN in June and also the $496.9BN last July)…Image…. resulting in a monthly deficit of $243.7BN, the second largest July budget deficit on record, surpassed only by the record post-covid print in July 2021.

https://www.theburningplatform.com/2024 ... -interest/

Kamala now owns this .....
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Bidencrimefamily
13 Aug 2024 7:15 am
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Majik » 13 Aug 2024, 7:13 am » wrote: ↑ While there was much more talk about the soaring US budget deficit earlier this year, when debt seemed to rise by $1 trillion every other month, lately it appears that the topic has become almost taboo perhaps because neither presidential candidate has any plan or clue how to normalize the trend which assures fiscal collapse for the US and the loss of dollar reserve status.But while others may have conflicts of interest in reporting on this most important topic, we don’t, and we are sad to inform our readers that July was another catastrophic month for US fiscal viability: that’s because US tax revenue of $330.4BN (down sharply from the $466.3BN in June, if higher than the $276.2BN a year ago), was far below the $573.1BN in government outlays (which was materially above the $537.2BN in June and also the $496.9BN last July)…Image…. resulting in a monthly deficit of $243.7BN, the second largest July budget deficit on record, surpassed only by the record post-covid print in July 2021.

https://www.theburningplatform.com/2024 ... -interest/

Kamala now owns this .....
Trump tax cuts still driving deficits. 

 
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Bidencrimefamily
13 Aug 2024 7:17 am
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And project 25 wants to raise working class peoples taxes by 20% while cutting billionaires taxes by 10%.
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FJB
13 Aug 2024 7:18 am
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Bidencrimefamily » 13 Aug 2024, 7:17 am » wrote: ↑ And project 25 wants to raise working class peoples taxes by 20% while cutting billionaires taxes by 10%.

you are so full of **** your **** eyes are brown
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Majik
13 Aug 2024 7:29 am
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Bidencrimefamily » 13 Aug 2024, 7:15 am » wrote: ↑ Trump tax cuts still driving deficits.
Nice try ....
But Biden and Kamala have spent a fortune in the last 4 years with nothing  to show for it ....except chaos......

 
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Majik
13 Aug 2024 7:30 am
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Bidencrimefamily » 13 Aug 2024, 7:17 am » wrote: ↑ And project 25 wants to raise working class peoples taxes by 20% while cutting billionaires taxes by 10%.
**** .

 
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Bidencrimefamily
13 Aug 2024 7:31 am
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Read the project 25. 
its on there. 

Its the heritage plan buddy. 
 
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Blackvegetable
13 Aug 2024 7:38 am
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Majik » 13 Aug 2024, 7:29 am » wrote: ↑ Nice try ....
But Biden and Kamala have spent a fortune in the last 4 years with nothing  to show for it ....except chaos......
Too many Americans working...


 
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Bidencrimefamily
13 Aug 2024 7:40 am
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Blackvegetable » 13 Aug 2024, 7:38 am » wrote: ↑ Too many Americans working...
Trump tax cuts and huge debt are driving up interest payments. 

Trump has to be stopped. 
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FJB
13 Aug 2024 8:00 am
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Harris Walz need to be stopped.
Buck Naked
13 Aug 2024 8:05 am
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We will not tax our way out of this debt
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Bidencrimefamily
13 Aug 2024 8:06 am
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BuckNaked » 13 Aug 2024, 8:05 am » wrote: ↑ We will not tax our way out of this debt
You see how tax cuts drove it up. 

And a record amount of people are working. 

Trump wants more debt with tax cuts. 


 
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Bidencrimefamily
13 Aug 2024 8:06 am
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BuckNaked » 13 Aug 2024, 8:05 am » wrote: ↑ We will not tax our way out of this debt
Worked after world War one and two. 
Buck Naked
13 Aug 2024 9:08 am
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Bidencrimefamily » 13 Aug 2024, 8:06 am » wrote: ↑ You see how tax cuts drove it up. 

And a record amount of people are working. 

Trump wants more debt with tax cuts.
Revenue increased with tax cuts it’s all a crap shoot
Buck Naked
13 Aug 2024 9:08 am
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Bidencrimefamily » 13 Aug 2024, 8:06 am » wrote: ↑ Worked after world War one and two.
that was then this is now 
 
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Blackvegetable
13 Aug 2024 9:12 am
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BuckNaked » 13 Aug 2024, 8:05 am » wrote: ↑ We will not tax our way out of this debt
Have you ever voted for a POTUS  who bequeathed a smaller deficit than what he inherited?
Buck Naked
13 Aug 2024 9:14 am
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Blackvegetable » 13 Aug 2024, 9:12 am » wrote: ↑ Have you ever voted for a POTUS  who bequeathed a smaller deficit than what he inherited?
I’m not sure 
 
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sole
13 Aug 2024 9:24 am
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Majik » 13 Aug 2024, 7:13 am » wrote: ↑ While there was much more talk about the soaring US budget deficit earlier this year, when debt seemed to rise by $1 trillion every other month, lately it appears that the topic has become almost taboo perhaps because neither presidential candidate has any plan or clue how to normalize the trend which assures fiscal collapse for the US and the loss of dollar reserve status.But while others may have conflicts of interest in reporting on this most important topic, we don’t, and we are sad to inform our readers that July was another catastrophic month for US fiscal viability: that’s because US tax revenue of $330.4BN (down sharply from the $466.3BN in June, if higher than the $276.2BN a year ago), was far below the $573.1BN in government outlays (which was materially above the $537.2BN in June and also the $496.9BN last July)…Image…. resulting in a monthly deficit of $243.7BN, the second largest July budget deficit on record, surpassed only by the record post-covid print in July 2021.

https://www.theburningplatform.com/2024 ... -interest/

Kamala now owns this .....
this isn't going to repair corruption established so far, forward. If humanity has embezzled biological time from every ancestor alive, then every ancestor alive has to be willing to correct the corruption on the same rotation of the planet all 24 time zones 24 temperate zones at event mutually agreed upon globally.

Don't need a one party rule within one species limited to evolving equally alive each generation gap living in so far. there are the natural divides beyond language present.
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RebelGator
13 Aug 2024 9:27 am
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Blackvegetable » 13 Aug 2024, 7:38 am » wrote: ↑ Too many Americans working...

....for the government.

 
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Blackvegetable
13 Aug 2024 9:30 am
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THEN STOP YOUR **** BITCHING!
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