Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Federal Deficit Projected to Double This Year
Newsmax ^ | 04 September 2023 | Eric Mack

Posted on 09/04/2023 5:53:32 PM PDT by george76

The federal deficit is projected to roughly double this year from last

...

The 2023 deficit appears to be headed for at least a doubling

...

The federal fiscal year, which ends after this month, has already run up a $2.2 trillion deficit thus far

...

The revelations come as the 2024 budget appropriations are set to be hashed out in Congress, setting up a difficult message for House and Senate Democrats' plans to continue to increase spending for progressive initiatives.

...

The U.S. government has spent $6.7 trillion and taken in just $4.5 trillion, a 16% increase in spending this year over last and a 7% decrease in revenue

...

A debt growing much faster than the economy will drive up interest rates, reduce economic investment, and over time make interest payments the largest federal expenditure — risking a federal debt crisis

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


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; Politics/Elections
KEYWORDS: bidenlegacy; bidenomics; deficit; federaldeficit; spendandtax; taxandspend
Navigation: use the links below to view more comments.
first 1-2021-26 next last

1 posted on 09/04/2023 5:53:32 PM PDT by george76
[ Post Reply | Private Reply | View Replies]

To: george76

Yup.
It’ll never be paid back.
Least of my concerns.


2 posted on 09/04/2023 5:56:40 PM PDT by aMorePerfectUnion (Fraud vitiates everything)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Just another facet of the CLOWARD & PIVEN strategy to sabotage America, thanks to mannequin Biden and his handlers.


3 posted on 09/04/2023 5:57:49 PM PDT by CivilWarBrewing (Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

How will this end? Place your bests.
Hint: Don’t pick A. That’s there just for the hopeless dreamers.

The federal government will…

A. rein in spending, and pay down the deficit.
B. raise taxes to an insane new level, crushing all private initiative.
C. fire up the printing presses, and set off hyper-inflation.
D. simply default on the debt.

I’m going with C.


4 posted on 09/04/2023 6:00:52 PM PDT by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Leaning Right

B & C


5 posted on 09/04/2023 6:01:48 PM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: CivilWarBrewing
> Just another facet of the CLOWARD & PIVEN strategy to sabotage America

Wouldn't it be nice if high school students were taught American civics and history right up into the 60's including the development of C-P?

At least it does show up on Wikipedia:

https://en.wikipedia.org/wiki/Cloward–Piven_strategy

6 posted on 09/04/2023 6:03:03 PM PDT by dayglored (Strange Women Lying In Ponds Distributing Swords! Arthur Pendragon in 2024)
[ Post Reply | Private Reply | To 3 | View Replies]

To: aMorePerfectUnion

Bankrupting the country is the comminists’ plan.


7 posted on 09/04/2023 6:06:07 PM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: george76

I remember the balanced budget amendment and the contract with America.
I remember us having a budget surplus for once.
Annnnnnd how the pols hated that.


8 posted on 09/04/2023 6:08:43 PM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

This government is run by a bunch of Pikers! Damn light weights, go for TRIPLE! Prove to the rest of the world just how Incompetent you really are.

/SPIT/


9 posted on 09/04/2023 6:12:21 PM PDT by OHPatriot (Si vis pacem, para bellum)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

This government is run by a bunch of Pikers! Damn light weights, go for TRIPLE! Prove to the rest of the world just how Incompetent you really are.

/SPIT/


10 posted on 09/04/2023 6:12:21 PM PDT by OHPatriot (Si vis pacem, para bellum)
[ Post Reply | Private Reply | To 1 | View Replies]

To: joma89

Yes.

It will simply be renounced.

Or using digital currency, they will change the value.


11 posted on 09/04/2023 6:15:54 PM PDT by aMorePerfectUnion (Fraud vitiates everything)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Darksheare

“Annnnnnd how the pols hated that.”

************

Spending = vote buying.

Its not going to stop.


12 posted on 09/04/2023 6:18:33 PM PDT by Starboard
[ Post Reply | Private Reply | To 8 | View Replies]

To: Darksheare

Buy-DUNG has put a contract ON America.


13 posted on 09/04/2023 6:22:33 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
[ Post Reply | Private Reply | To 8 | View Replies]

To: george76

1. Creating a debt so large that it will never be paid back.

2. Opening up the border to flood the country with millions of “migrants”.

3. Allowing criminals to run rampant in Dem. controlled cities.

Can there be any remaining doubt that the ultimate goal of the Democrat Party is to destroy this nation as it existed for most of the past 250 years, and change it into, who knows what?


14 posted on 09/04/2023 6:24:44 PM PDT by Signalman
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Both parties (which comprise the Uni-party) destroyed America for personal gain.

We now reside in a bankrupt, collapsing nation state that probably won’t survive.


15 posted on 09/04/2023 6:33:57 PM PDT by Trumpisourlastchance
[ Post Reply | Private Reply | To 1 | View Replies]

To: Leaning Right

When the economy craters the same people who caused the disaster will claim to have a plan to fix it.


16 posted on 09/04/2023 6:36:07 PM PDT by Starboard
[ Post Reply | Private Reply | To 4 | View Replies]

To: Trumpisourlastchance

The debt and deficit are totally unsustainable but the unfunded liabilities are ridiculous. Currently running at $193 trillion. Each citizen’s share of that insane number is $576,000. Simply unpayable.


17 posted on 09/04/2023 6:39:40 PM PDT by Starboard
[ Post Reply | Private Reply | To 15 | View Replies]

To: george76

Build Back Better. Sure thing


18 posted on 09/04/2023 6:40:41 PM PDT by blackberry1
[ Post Reply | Private Reply | To 1 | View Replies]

To: Starboard

The selected officials who did this to us got rich.

It’s a scam system. With an expiration date.


19 posted on 09/04/2023 6:45:02 PM PDT by Trumpisourlastchance
[ Post Reply | Private Reply | To 17 | View Replies]

To: Leaning Right
[How will this end? Place your bests.]

The U.S.A. will collapse, financially, and be folded into a One World Government - The New World Order of Daniel 7:23.

Then, THIS guy will be leading that Fourth Beast of Daniel 7:23 and it will subdue the world as we know it.


20 posted on 09/04/2023 7:03:18 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-26 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson