…. 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.Trump tax cuts still driving deficits.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)……. 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 .....
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%.
Nice try ....
**** .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%.
Read the project 25.
Too many Americans working...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......
Trump tax cuts and huge debt are driving up interest payments.
You see how tax cuts drove it up.
Worked after world War one and two.
Revenue increased with tax cuts it’s all a crap shootBidencrimefamily » 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.
that was then this is now
Have you ever voted for a POTUS who bequeathed a smaller deficit than what he inherited?
I’m not sureBlackvegetable » 13 Aug 2024, 9:12 am » wrote: ↑ Have you ever voted for a POTUS who bequeathed a smaller deficit than what he inherited?
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.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)……. 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 .....
THEN STOP YOUR **** BITCHING!