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U.S. government posts $147 billion deficit in May

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posted on Jun, 12 2018 @ 03:13 PM
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a reply to: Southern Guardian

? BUT ?

!! Woodrow Wilson !!

"The Billion Dollar Man"

🎃💥🎀




posted on Jun, 12 2018 @ 03:37 PM
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a reply to: xuenchen

BUT! BUT! Xeunchen told me Trump was reducing the national debt!


According to the U.S. Treasury ledgers, the U.S. Debt has actually fallen !!!

Despite the rumblings and concoctions manufactured by the MSM.

Frome April 2nd to June 1st, the debt fell $36 billion !!

Hmmmm. Must be some creative bookkeeping eh.





posted on Jun, 12 2018 @ 04:08 PM
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We wouldn’t have this deficit if our money was real, but since it is just smoke and mirrors the deficit is irrelevant. If we were back on a gold standard then this deficit couldn’t exist. Hate the system not the players.



posted on Jun, 12 2018 @ 04:26 PM
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a reply to: theantediluvian

Whatabout Dick Cheney?




posted on Jun, 12 2018 @ 05:25 PM
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lol. Kids.

Under Obama the national debt vs the GDP went from 83% to 105% for whatever reasons you want to attribute it to.
Obama's first year it rose from 67% under Bush's final year to 83% under Obama's first year.

Under Trump the national debt vs the GDP went from 104% to 107% with predictions that by 2021 it will be at 108%.

From 2016 Obama's last year it went from 105% to 104% under Trumps first year. It actually went down.

Now we can determine what spending really looks like as far as the national debt is concerned in the comparisons of Presidents, and only if the figures shown in the link are true.




www.thebalance.com...



posted on Jun, 12 2018 @ 05:41 PM
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a reply to: highvein

According to our government's Treasury Department, those predictions are already off.

National Deficit ending in September of each Fiscal Year:

2014 -- $483b
2015 -- $439b
2016 -- $587b
2017 -- $666b
2018 -- $532b (with 4 months to go)

If the trend continues and the next four months exceed a $100b deficit or greater each, we're on pace to a have a $1 trillion deficit year.

Scary times.



posted on Jun, 12 2018 @ 05:48 PM
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originally posted by: Kharron
a reply to: highvein

According to our government's Treasury Department, those predictions are already off.

National Deficit ending in September of each Fiscal Year:

2014 -- $483b
2015 -- $439b
2016 -- $587b
2017 -- $666b
2018 -- $532b (with 4 months to go)

If the trend continues and the next four months exceed a $100b deficit or greater each, we're on pace to a have a $1 trillion deficit year.

Scary times.




source please.



posted on Jun, 12 2018 @ 05:49 PM
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originally posted by: highvein



originally posted by: Kharron
a reply to: highvein

According to our government's Treasury Department, those predictions are already off.

National Deficit ending in September of each Fiscal Year:

2014 -- $483b
2015 -- $439b
2016 -- $587b
2017 -- $666b
2018 -- $532b (with 4 months to go)

If the trend continues and the next four months exceed a $100b deficit or greater each, we're on pace to a have a $1 trillion deficit year.

Scary times.




source please.


In the OP. Not the Reuters link but the other two that go to our governments monthly reports.



posted on Jun, 12 2018 @ 06:45 PM
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originally posted by: Kharron

originally posted by: highvein



originally posted by: Kharron
a reply to: highvein

According to our government's Treasury Department, those predictions are already off.

National Deficit ending in September of each Fiscal Year:

2014 -- $483b
2015 -- $439b
2016 -- $587b
2017 -- $666b
2018 -- $532b (with 4 months to go)

If the trend continues and the next four months exceed a $100b deficit or greater each, we're on pace to a have a $1 trillion deficit year.

Scary times.




source please.


In the OP. Not the Reuters link but the other two that go to our governments monthly reports.


Okay. Got it.

What I posted was spending vs GDP, in percentages, so we can also look at a bigger picture of what percentage of spending vs our GDP occurred under each President. I think that my be one of the things President Trump talks about when he is referring to our trade deals.



posted on Jun, 12 2018 @ 07:21 PM
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Republicans used to constantly cry about the deficit, but now that it's Trump it's magically not important anymore?

It is important because if Republicans keep congress in November next year they will be destroying social security and medicare to decrease the deficit.



posted on Jun, 12 2018 @ 08:29 PM
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Debt is a problem. With rising interest rates, Goldman projects government interest rates on debt to rise to $825 billion in 2018 to over $2.05 trillion by 2028. And that might prove a conservative estimate.

US Revenue in 2018 is expected to be $3.34 trillion.

So payment of debt is already costing 25% of all tax revenues. If US doesn't double revenue by 2028 then debt payment will cost 50% of all revenue.

That's why the FED is hell bent on pushing inflation higher. Hoping to deflate debt in real terms. By stealing wealth from the poor (diluting the money supply) to give to the rich.



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