The New CS Board

[jumanji0881]

March Deficit Blowout: US Spends 3.5x More Than It Brings In; YTD Deficit Is Biggest Ever : https://www.zerohedge.com/markets/march-deficit-blowout-us-spends-35x-more-it-brings-ytd-deficit-biggest-ever

My Comment : We've lots of room to expand the debt and deficits...right ? This year's fiscal deficit is likely going to be close to $3Trillion with the national debt exceeding $30Trillion.

Excerpt:
At 2pm, the Treasury released its latest Monthly Treasury Statement which showed that in March, the US budget deficit exploded once again, surging to $660BN, up five-fold from a tiny $119BN last March, driven by a 160% increase in government Outlays which soared to $927 billion - the third highest on record - from $355.7BN a year ago, and from $559.2BN in February.

Finally, on a year to date basis, the US deficit is now at $1.706 trillion after six month, compared to $743.453BN last year. While it is likely that government spending will slowdown now that the latest stimulus is in the books, it is just as likely that it will accelerate in the coming months if Biden's various infrastructure plans pass.