Wednesday, June 12, 2019

Deficit Hits Record for Month of May with $208 billion

See: https://www.zerohedge.com/news/2019-06-12/us-government-spending-soars-all-time-high-deficit-hits-record-month-may

The deficit has never been higher in May.  It is up from $147 billion in May 2018.  (In May 2009, it was about $190 billion).  "the budget deficit for the first eight months of the fiscal year shot up to $738.6 billion, a whopping 38.8% higher than the $532 billion reported for the same period last year, largely the result of soaring government spending". 

The deficit for FY 2019 is supposed to be $897 billion, but at this rate it will easily pass $1 trillion.


No comments:

Post a Comment