This doesn’t comport with all the stories we’ve read this winter and spring about the govt (i.e. President Trump) not spending allocated monies and the debt reducing itself. Wonder if all those were a lie and this is true or vice versa?
There was no “balanced CR” or “surplus”...just “moving the deck chairs around on the Titanic” to avoid the last debt ceiling in March (creative accounting & stopped payments):
We/The Feds/Mr. Trump are still running $400-$500 billion yearly deficits.
Thank you! I thought either I was the only one who read those same reports or I was going nuts.
According to the reports I read, the reductions in federal spending already mandated by EO via President Trump has actually brought the National Debt DOWN for the first time in what, decades?
Granted, that reduction was "only" $12,00,00,000,000 but it's significant because it means the FedGov is taking in MORE than it's SPENDING.
BULLSHIT the FedGov is risking default!
Thank you for your post!