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Federal Government Spending Nearly Twice as Much As Its Taking In
Nextgov.com ^ | 12/10/20 | Frank Konkel

Posted on 12/13/2020 7:15:34 PM PST by Pining_4_TX

Two months into fiscal 2021, the federal government has spent nearly twice as much money as it has taken in through revenue after posting a 14th consecutive month of deficit spending.

(Excerpt) Read more at nextgov.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: debt; government; hyerinflation; inflation; spending
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So much spending and all we got was a lousy corrupt election. Not even a t-shirt.
1 posted on 12/13/2020 7:15:34 PM PST by Pining_4_TX
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To: Pining_4_TX

That’s what happens when the Democrats control the House.


2 posted on 12/13/2020 7:18:05 PM PST by Meatspace
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To: Pining_4_TX

Gee willikers, Santa. How long can this go on?


3 posted on 12/13/2020 7:18:54 PM PST by crusty old prospector
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To: crusty old prospector

“ Gee willikers, Santa. How long can this go on?”

I started with that Austrian crap when I was 19. Now I’m 70.

How long can this go on? A damn long time.


4 posted on 12/13/2020 7:21:43 PM PST by Jim Noble (Lo there do I see the line of my people, back to the beginning)
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To: Pining_4_TX
Computer Hope
5 posted on 12/13/2020 7:23:19 PM PST by RomanSoldier19 (Game over, man! Game over! ; : rem ad triarios redisse is)
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To: Meatspace

“That’s what happens when the Democrats control the House.”

PRyno didn’t help on this [or any other] issue.


6 posted on 12/13/2020 7:31:31 PM PST by Paladin2
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To: Pining_4_TX

Obama raised the debt from 8 trillion to 16 trillion in just 8 years.

Didnt see a single article bitching about govt spending those 8 years from the mediass.


7 posted on 12/13/2020 7:45:43 PM PST by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: Meatspace

The GOP is no better.


8 posted on 12/13/2020 7:46:44 PM PST by Blood of Tyrants (If the meanings in the Constitution can change, why did they bother writing it down?)
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To: Meatspace

It’s because 1/2 is earmarked for entitlements. The functioning (/s) part of government operates on borrowed money. Until we get control over entitlements, this is the way it will be.


9 posted on 12/13/2020 7:48:15 PM PST by D Rider ( )
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To: All

I’m surprised.

I’d figure that it was at least 4X, or more, given the intentional destruction of the middle class due to Covidiocy.


10 posted on 12/13/2020 7:57:02 PM PST by LegendHasIt
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To: Blood of Tyrants

They’re marginally better. There are no Dems that care about fiscal responsibility, while perhaps as many as half of the Republicans do.


11 posted on 12/13/2020 7:58:55 PM PST by FreedomPoster (Islam delenda est)
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To: Pining_4_TX

Yeah? So? Are we supposed to be concerned? Because concerned people were ignored decades ago.


12 posted on 12/13/2020 8:01:26 PM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: Pining_4_TX

By design. A One World Gov’t cannot happen until the USA is subdued and bankrupt. This is the ultimate goal. Donald Trump stood in the breach. He must be eliminated at all costs. No matter what. That is the Top Priority.
Unfortunately, sadly, he is not joined by an army willing to do whatever it takes to preserve this One Nation Under God.
He lacks those who are willing to pledge their lives, their fortunes, and their sacred honor. The will that founded this country, and to protect this country is no longer manifest among its people.


13 posted on 12/13/2020 8:25:18 PM PST by ocrp1982
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To: ocrp1982

I think it’s still playing out.


14 posted on 12/13/2020 8:35:30 PM PST by Irenic
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To: D Rider

It’s because 1/2 is earmarked for entitlements. The functioning (/s) part of government operates on borrowed money. Until we get control over entitlements, this is the way it will be.


With amnesty/citizenship for 30+ million just around the bend, and the resulting demand for welfare, Medicaid, etc..the entitlement figures are about to go vertical.


15 posted on 12/13/2020 8:55:09 PM PST by AFret.
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To: Pining_4_TX

Food inflation is real. Decemt sliced ham going for $12/lb in FL. 3 yrs ago was $7.


16 posted on 12/13/2020 9:26:00 PM PST by Basket_of_Deplorables (This is all a Soros funded communist insurrection! )
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To: Basket_of_Deplorables

You think food inflation is real,look at all the records the stock market is setting. That’s where most of that stimulus dough eventually ends up.

Once Biden’s puppet master take over and pass a porkulus bailing out all the bankrupt blue states, the market will be on steroids.


17 posted on 12/13/2020 9:53:13 PM PST by aquila48 (Do not let them make you care! Guilting you is how they control you. )
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To: Pining_4_TX

I think I’m going to start spending twice what I take in. Think of all the cool, awesome stuff I’ll have!

It’s no problem though, because it’s not my fault (copyright Ayn Rand), and the Biden administration will have a program for it, or just cancel my debt outright.

I’m going to order a gold-plated toilet right now. Amazon Prime. Yeah. Come to think of it, to hell with plated, I’m going solid gold. Not my fault.


18 posted on 12/14/2020 12:50:49 AM PST by NorthWoody (Half of all people are below average, and half of those are in the bottom 25%.)
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To: D Rider

It’s all imaginary. Every country in the world is seemingly in debt for blahblah dollars. Wasn’t Greece broke beyond belief a few years ago? Yet on and on they go.

No country will ever pay off all this supposed debt. It’s just background noise.


19 posted on 12/14/2020 12:57:53 AM PST by NorthWoody (Half of all people are below average, and half of those are in the bottom 25%.)
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To: Meatspace

And when Democrat governors control the wealthiest states - and then shut them down.

Overheard conversation between two liberals.

“I’m worried about my job because the state and the feds are cutting the budgets.”

Later on..

“This Covid-19 is so terrible. At least they are shutting things down again so we don’t get sick.”


20 posted on 12/14/2020 1:02:04 AM PST by 21twelve (Ever Vigilant. Never Fearful!)
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