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The American economy cannot afford another four years of a Biden presidency

Biden’s government continues to widen the budget deficit with reckless spending To prove Roth’s point, the non-partisan Congressional Budget Office (CBO) released a report noting how the federal budget deficit in the first six months of the 2023 fiscal year, which began on Oct. 1, 2022. ... The deficit for March was $378 billion, according to monthly budget figures released by the Department of the Treasury. "...

Federal government set records for taxes, spending and deficit through May

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Plummeting toward catastrophe: Obama first president to spend $4 trillion in one year

That year, the OMB said the government ran a deficit of about $160.7 billion; by the following year, the deficit climbed to $458.5 billion. ... From there, Obama's government ran a fiscal deficit in 2009 of .4126 trillion, followed by a deficit of $1.2943 trillion in 2010; in fiscal 2011, it ran a deficit of $1.2995 trillion; in fiscal 2012, it ran a deficit of $1.0869 trillion; and, in fiscal 2013, OMB projects ...

True federal deficit unimaginably larger than official tally

True federal deficit unimaginably larger than official tally Sunday, June 03, 2012 by: J. ... "Officially," the federal deficit for fiscal year 2011 was $1.3 trillion, an incredibly huge figure in and of itself. "...

Financial tyranny: Footing the tax bill for the government's fiscal insanity

We’re living a financial nightmare. (John W. Whitehead & Nisha Whitehead republished from Rutherford.org ) The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will be forced to foot the bill for the government’s fiscal insanity. ... Indeed, the national deficit (the difference between what the government spends and the revenue it takes in) is expected to be ...

Obama punishes Americans with another trillion-dollar deficit (four in a row)

Obama punishes Americans with another trillion-dollar deficit (four in a row) Friday, August 31, 2012 by: J. ... And with each new deficit, the problem grows larger, while the options fewer. The debt clock is ticking. "...

Amid global meltdowns, what is the half life of the U.S. government's fiscal solvency?

Amid global meltdowns, what is the half life of the U.S. government's fiscal solvency? ... Treasury reveal that the budget deficit has shot up 15.7% in just one year. The deficit for just the October-March period (half a year) was $829 billion. "...

Real US federal budget deficit is in the trillions; Congress still playing numbers games

The federal government declared a $318 billion budget deficit last year, but in reality it was over $3 trillion, according to government accountants. ... Follow real-time breaking news headlines on Budget deficit at FETCH.news The world of independent media, all in one place. - More news on budget deficit Before he leaves office, Obama will have single-handedly doubled the nation's total debt The modern-day 'slave class' is anyone who cannot do math... and that's about ...

Fidolin Drug Approved for Treatment of Attention Deficit Hyperactive Doggie Disorder: ADHDD (satire)

Fidolin Drug Approved for Treatment of Attention Deficit Hyperactive Doggie Disorder: ADHDD (satire) Monday, March 24, 2008 by Mike Adams , the Health Ranger Editor of NaturalNews.com (See all articles...) ... The share price of Phictitious Pharmaceuticals spiked $5.60 on today's news, and profits are expected to remain strong through the remainder of the fiscal year. "...

Economic idiocy to bankrupt California: HALF of illegal immigrants qualify for Medicaid

Doubling down on stupid fiscal policies What's more, the amount being paid out to illegal aliens is about to explode. ... On average, low-skill immigrant families receive $30,160 per year in government benefits and services while paying $10,573 in taxes, creating a net fiscal deficit of $19,587 that has to be paid by higher-income taxpayers." "...

Brazil now second country to top 1 million coronavirus cases, deaths over 50,000

“Now, the fiscal deficit and public debt will not stop increasing this year.” In response, the Ministry of Economy implemented a $120 monthly stipend for low-income and informal workers affected by the shutdowns. ... In another blow to Bolsonaro’s government, his chief architect for his fiscal policy, Treasury Secretary Mansueto Almeida, has said that he will step down this week. "...

Cuomo: New York needs to raise taxes to offset $8.7 billion deficit because of the pandemic lockdowns he ordered himself

Democrat Cuomo also said that the state needs to raise taxes even if federal aid was approved to plug its current projected deficit bill of $30 billion for the next two years. ... New York is projecting an $8.7 billion deficit for the fiscal year that starts on April 1. "...

Venezuela to plunge into mass social unrest if oil prices stay low, warn analysts

The Saudi government – which is also battling jihadists domestically and in Yemen – has borrowed more than $9 billion since the summer, as is facing a fiscal deficit of about 20 percent of GDP. "...

Biden's "excessive" budget proposal to drive national debt to $51 trillion over the next decade

Biden’s spending proposition a direct challenge to House Speaker Kevin McCarthy During a recent speaking engagement in Philadelphia, where he revealed his playbook for an expected 2024 re-election bid, Biden challenged his Republican critics on fiscal responsibility. ... Biden plans to fund higher spending and narrow the deficit by imposing a 25 percent minimum tax on billionaires and nearly doubling the capital gains tax from 20 percent, the White House said. "...

Woke U.S. military failing to recruit because nobody wants to defend American degeneracy

Fiscal year 2022 is expected to be about 10,000 troops short while fiscal year 2023 could reach a shortfall of 28,000 troops. All in all, the military is expecting around a 40,000-troop deficit in the next couple of years. "...

BLOWOUT: Coronavirus relief spending will cause federal debt to increase to 104 percent of GDP by next year

Current fiscal path is unsustainable In a statement, CBO Director Phillip Swagel warned that the country’s long-term fiscal path is unsustainable and that it puts long-term confidence in the dollar at risk. ... The agency reported that the federal deficit for the current fiscal year will be $3.3 trillion, this is more than triple the shortfall recorded in the previous fiscal year. "...

How the federal debt went from $1 trillion to $18 trillion in 33 years

Accordingly, by fiscal 2013 the OASI fund (retirement) ran a $95 billion cash deficit and the DI fund (disability) generated an additional $45 billion cash deficit. This means that on a combined basis, the cash deficit was nearly $140 billion annually and growing rapidly into the future. "...

It's official: Obama ran trillion-dollar deficits four years in a row

Fastest accumulation of debt ever In February, CBO had first reported that the deficit for fiscal 2012 - which ended Sept. 30 of that year - was $1.0894 trillion. ... In fiscal year 2008, the last full year he was in office, the federal deficit was $458.6 billion, according to CBO figures. "...

More than half of US states unable to pay their debts – report

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US national debt hits $31 TRILLION for the first time

Last year, Biden’s federal government racked up a budget deficit of $2.8 trillion. ... So, I don’t want to hear it from Republicans about fiscal responsibility.” But according to the Committee for a Responsible Federal Budget, a think tank that advocates for deficit reduction and entitlements and tax reform, Biden’s policies have actually added nearly $5 trillion to the national debt since he took office in January last year. "...