Monday, April 13, 2020

The 2020 Deficit will exceed $3.8 trillion

Source: http://www.crfb.org/blogs/new-projections-debt-will-exceed-size-economy-year

What is the FY 2020 currently at?  The fiscal year-to-date deficit is only $743 billion as of the end of March.  See: https://fiscal.treasury.gov/files/reports-statements/mts/mts0320.pdf.

That means the federal government will spend over $3.1 trillion between April 1 and September 30, 2020.

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