U.S. posts its biggest monthly budget deficit ever

Another historic first for the Donald:

The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending.

The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg.




February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday.

https://www.bloomberg.com/news/articles/2019-03-22/u-s-posts-largest-monthly-budget-deficit-on-record-in-february

Now imagine what will happen during the next economic crisis.

@no1marauder said
Another historic first for the Donald:

The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending.

The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 bil ...[text shortened]... loomberg.com/news/articles/2019-03-22/u-s-posts-largest-monthly-budget-deficit-on-record-in-february

Cut spending!

@kellyjay said
Cut spending!

What spending should be cut in your opinion?

@kazetnagorra said
What spending should be cut in your opinion?

"Waste and Fraud"!

@no1marauder said
Another historic first for the Donald:

The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending.

The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 bil ...[text shortened]... loomberg.com/news/articles/2019-03-22/u-s-posts-largest-monthly-budget-deficit-on-record-in-february

sure could use that 10 trillion obama set us back couldnt we?

@mott-the-hoople said
sure could use that 10 trillion obama set us back couldnt we?

Or even better the surplus that Clinton left us with!

@athousandyoung said
Or even better the surplus that Clinton left us with!

are you sure you understand debt vs deficit?

@mott-the-hoople said
are you sure you understand debt vs deficit?

Yes, and this thread is about deficit.

@athousandyoung said
Yes, and this thread is about deficit.

yes, but you replied to my post which was about debt.

@kazetnagorra said
What spending should be cut in your opinion?

Easy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.

Then, do NOT pay for Guaranteed salaries, Family Leave, College education, Medical leave, free healthy food, guaranteed retirement, free healthcare, etc, free money, free house insurance, free movie tickets, all of which would cost over $92 Trillion over 10 years. Take that money, and, instead, Make America Great Again!

Also, do NOT do away with airplanes, cows, oil, and combustion engines. How we gonna move the economy, and tons and tons and tons of food without combustion engines? Yeah, that could really result in unintended consequences. Especially when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.

@averagejoe1 said
Easy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.

Then, do NOT pay for Guaranteed salaries, Family Leave, College educ ...[text shortened]... when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.

How will you pay for the government employees who will identify the truly impoverished?

@averagejoe1 said
Easy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.

Then, do NOT pay for Guaranteed salaries, Family Leave, College educ ...[text shortened]... when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.

If it's so "easy" to eliminate the budget deficit, how come Trump hasn't submitted anywhere near a balanced budget?

@no1marauder said
If it's so "easy" to eliminate the budget deficit, how come Trump hasn't submitted anywhere near a balanced budget?

Well, when the president ignores the deficit, that means it’s not important.

@averagejoe1 said
Easy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.

Then, do NOT pay for Guaranteed salaries, Family Leave, College educ ...[text shortened]... when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.

Abolishing Medicare, Medicaid and Social Security would certainly yield some fiscal breathing room. What about the additional people dying, though?