Treasury just turned in the worst October budget deficit in history — worse than the Covid spending orgy. – Whatfinger News' Choice Clips
Whatfinger News' Choice Clips

Treasury just turned in the worst October budget deficit in history — worse than the Covid spending orgy.

Taxes actually jumped by 24%. But spending soared by over $100 billion — with a Republican Congress. Nothing stops this train.

  • Well I guess you have taken the red pill now if you actually thought that small Government Republicans had a control of any chamber in Congress or the Whitehouse. Yes , Elon put all his weight into turning the ship but Leaders in the House, Senate, and POTUS only placated Elon but had no intention to cut spending. – J Lory
  • Govt entities are trained to overspend because of the use it or lose it budget set up. If they don’t spend all of their allotted budget, they risk having their budgets cut the following fiscal year. So instead, they go on spending sprees before the end of the year and then try to justify why they need more. – Senseseer
  • The US Treasury reported a record $284.4 billion deficit for October, the largest for that month in history. This figure was influenced by a calendar shift that moved about $105 billion in expenses from November into October, and was also affected by a government shutdown that delayed some payments and boosted revenue from delayed corporate tax payments. While the calendar shift is a significant factor, spending also increased by $22 billion to $104 billion due to higher interest payments on the public debt. – Free States Of America







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