Posted on 01/14/2025 11:24:56 AM PST by zeestephen
The three-month fiscal year 2025 deficit rose to $710.9 billion, some $200 billion more than the comparable period in the prior year, or 39.4%...Rising financing costs along with continued spending growth and declining tax receipts have combined to send deficits spiraling and have pushed the national debt past the $36 trillion mark.
(Excerpt) Read more at cnbc.com ...
Why is the Democrat Party so intent on bankrupting America?
Why?
Control over the private sector.
Nonsense! Didn’t Biden tell us, just yesterday, that he has left us the most prosperous and stable economy in history of the world?🙄
I stated close to a year ago, that The Inflation for 2025 is already baked in to the cake and nothing could be done for about a year financial wise tro slow down, let alone stop it.
"Interest on the national debt has totaled $308.4 billion in fiscal 2025 [Oct-Nov-Dec], up 7% from a year ago. Financing costs are projected to top $1.2 trillion for the full year..."
The curve is nearly vertical.
Take a look back this century.
TWICE, Rs held all branches and the deficits were BIG.
Congress is bankrupting us and POTUS, all of them, are rubber stamping it.
and these jokers are admonishing Hegseth for lack of experience cutting costs - the jokes write themselves.
How can there be declining tax revenues, the democraps and their lapdog media keep telling us how bitchin things are going because of Bidenomics.
How can there be declining tax revenues, the democraps and their lapdog media keep telling us how bitchin things are going because of Bidenomics.
> Why is the Democrat Party so intent on bankrupting America? <
They wouldn’t be able to do it without the active assistance of the Republican Party.
In most instances it’s Trump vs. all of DC.
But in this case it’s Rand Paul vs. all of DC.
This year Biden has spent 8 % more than what the government has taken in more taxes repeat often and spend more.
“Why is the Democrat Party so intent on bankrupting America?”
Starting January 20th, those days are over, and fiscal responsibility returns to Washington DC.
More lies. Revenue is up:
2024 Fiscal Year Total Revenue: $4.92 T, GDP $28.83 T
Simply not true.
By today's standards Bush II did alright. Heck nowadays we add $2T to the debt in a year and a half!!!
I wanted to buy eggs yesterday. TEN DOLLARS FORTY NINE CENTS for a dozen eggs. Needless to say I bought no eggs. I usually buy them from the ranch down the road but the hens don’t lay much in the winter.
The 10 Year US Treasury Bond rate has increased 0.4% in the last month.
From 4.4% to 4.8%.
That is almost a 10% relative increase in one month.
Curiously, the strength of the US Dollar (USD) continues to increase against a "basket" of foreign currencies.
Yesterday, the USD almost hit $110.
$100 is neutral - over $100 equals USD strength.
They are all fans of “Modern Monetary Theory,” which holds that public debt doesn’t really mean anything, because the government can simply print more money. Really. And, if inflation gets too big, they can control it by raising taxes..
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