Thursday, July 13, 2017

Government spending goes wild

The U.S. government just spent $429 billion in June 2017.  That is the first time it has ever spent more than $400 bn in a single month.  Compare to the $323 bn in outlays in June 2016.

So, this brings up a related question - what was the deficit for June? $90 billion.  Wow.  Are we sure that the government won't run out of cash by Sept. 30 and have to shut down?

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