USA! USA! : things are looking up...Archived Message
Posted by Ken Waldron on October 31, 2023, 3:32 am
...like; the wrong things...
E.J. Antoni, Ph.D. @RealEJAntoni 6h From Treasury: borrowed $1 trillion last quarter, expects another $776 billion this quarter (would be miraculous since it borrowed $500 billion this month alone), then $816 billion in Q1 '24, so on track to borrow $3+ trillion this FY, as projected...
Interest going to the moon:
So, that's a $1.6 trillion deficit in JUST FIRST HALF of this fiscal year, almost as much as the $1.7 trillion deficit from ENTIRE PREVIOUS fiscal year...