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Monday, October 24, 2022

Federal deficit topped $1.4 trillion in fiscal year 2022, nearly 50% above pre-COVID level

The Biden administration Friday released its budgetary data for the last month of fiscal year 2022 which showed the U.S. government ran up a roughly $1.4 trillion deficit. That is an average of nearly $120 billion in added debt every month.
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5 comments:

  1. AnonymousOctober 24, 2022 at 1:26 PM

    Today in Don't Read Headlines Side-Eyed: I thought the word "topped" up there said "dropped" and my butt started to bounce up out of my chair.
    --nines

    ReplyDelete
  2. AnonymousOctober 24, 2022 at 1:57 PM

    Will easy top it next year what with the ramp up to vote buying.
    Daryl

    ReplyDelete
  3. Dave the RaveOctober 24, 2022 at 3:04 PM

    At what point do we end this or it ends us?

    ReplyDelete
    Replies
    1. JamesDOctober 24, 2022 at 4:36 PM

      It is too late. We are heading off the precipice and it is just a matter of time regardless but if this election is a red wave, we might delay the inevitable by some months/years.

      Delete
    2. rickn8orOctober 24, 2022 at 7:36 PM

      "Red Wave" means the GOP will come into power just in time to get the blame for the collapse.

      Delete

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