The New CS Board

[jumanji0881]

US Reports Biggest Ever Budget Deficit For November : https://www.zerohedge.com/news/2018-12-13/us-reports-biggest-ever-budget-deficit-november

My comment : $205 Billion in a good economy. What will it be when the recession/depression hits ? Easily $2Trillion plus per annum.

Excerpt:
The result was a November deficit of $205 billion, a 48% increase from the $139 billion shortfall a year earlier, and the biggest November deficit on record.

November outlays surged 18.4% to $411 billion last month from $347 billion a year ago, while receipts actually declined 1% to $206 billion from $208 billion in 2017, the Treasury Department said in a monthly report on Thursday. The biggest spending categories were Social Security ($84BN), Medicare ($77BN), National Defense ($62BN), Income security ($46BN) and Health ($42BN). Net interest on the US debt of nearly $22 trillion came in at a hefty $33BN. Meanwhile, Individual Income Taxes and Social Security Taxes both generated $93BN in income each.