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Thread: Budget Deficit hits 3.3 Trillion

  1. #1

    Budget Deficit hits 3.3 Trillion

    The Empire must expand.

    https://www.cnbc.com/2020/09/02/budg...recession.html

    The federal budget deficit is projected to hit a record $3.3 trillion.

    Huge government spending to fight the coronavirus and to prop up the economy has added more than $2 trillion to the federal ledger, the Congressional Budget Office said.

    The debt will exceed annual gross domestic product next year — a milestone that would put the U.S. where it was in the aftermath of World War II, when accumulated debt exceeded the size of the economy.

    The spike in the deficit means that federal debt will exceed annual gross domestic product next year — a milestone that would put the U.S. where it was in the aftermath of World War II, when accumulated debt exceeded the size of the economy.
    When life itself seems lunatic, who knows where madness lies? - Miguel de Cervantes, (Don Quixote)

    Quote Originally Posted by Voluntarist View Post
    The tree of liberty must be refreshed from time to time with the Federal Reserve Notes of patriotic central banks
    Quote Originally Posted by jon4liberty View Post
    You "guys" have the market cornered on transexual satan worshipping anarchists

    "Our Enemy, The State" by Albert Nock. https://famguardian.org/Publications...bertJKnock.pdf



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  3. #2
    The deficit is likely to run at something like $400 billion per month average this year.

    What's important, however, is the killing of various single individuals, as selected for coverage by the media, and the reactions thereto.

    Keep your eye on the prize America.
    "Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

    -H. L. Mencken



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