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Mon Aug 12, 2019, 07:22 PM

OUT OF CONTROL: Federal Spending Sets New Record...

$3,727,014,000,000: Federal Spending Sets Record Through July; Treasury Runs $866,812,000,000 Deficit



By Terence P. Jeffrey | August 12, 2019 | 4:33 PM EDT

(CNSNews.com) - The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October through July), according to the Monthly Treasury Statement released today.

While spending that record $3,727,014,000,000, the government ran a deficit of $866,812,000,000.

Before this year, the most that the federal government had ever spent in the first ten months of a fiscal year was in fiscal 2009, when the Treasury spent $3,576,745,930,000 (in constant June 2019 dollars, adjusted using the Bureau of Labor Statistics inflation calculator).



Federal spending was impacted in fiscal 2009 by the recession that was ongoing when that fiscal year began. At the beginning of fiscal 2009, President George W. Bush signed the Troubled Asset Relief Program to bailout failing banks. Later that fiscal year, President Barack Obama signed the American Recovery and Reinvestment Act, aimed at stimulating the economy.

Total federal revenues in the first ten months of fiscal 2019 equaled $2,860,202,000,000. That was less than the total revenues the federal government collected in the first ten months of fiscal 2017 ($2,866,978,570,000 in constant June 2019 dollars) and fiscal 2015 ($2,868,253,370,000 in constant June 2019 dollars).

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https://www.cnsnews.com/news/article/terence-p-jeffrey/3727014000000-federal-spending-sets-record-through-july-treasury-runs

MAGA, MAAAGA, MAAAAAGA!!!

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Reply OUT OF CONTROL: Federal Spending Sets New Record... (Original post)
RCW2014 Aug 2019 OP
Aquila Aug 2019 #1
quad489 Aug 2019 #2
oflguy Aug 2019 #3
RCW2014 Aug 2019 #4
oflguy Aug 2019 #5
RCW2014 Aug 2019 #6
oflguy Aug 2019 #7
RCW2014 Aug 2019 #8

Response to RCW2014 (Original post)

Mon Aug 12, 2019, 07:32 PM

1. When the POTUS is an R

Righty doesn't care a bit about spending

But when POTUS slaps a (D) on the end of their name, all of a sudden everything changes.

It's about time Americans grew up, isn't it.

Watch Lefty pretend to care about spending now. That's funny!

Living in the US these days is like living in a gigantic insane asylum.

Where's Randle?

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Response to RCW2014 (Original post)

Mon Aug 12, 2019, 07:58 PM

2. Been rising since 2015 and you didn't say shit about that until now..........SSDD.

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Response to RCW2014 (Original post)

Mon Aug 12, 2019, 08:07 PM

3. Doesn't surprise me

The last time Pelosi and the democrats had the house, where all spending originates, spending was out of control.

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Response to oflguy (Reply #3)

Mon Aug 12, 2019, 08:09 PM

4. Did they take ole 2scoops veto pens away because they fear he would "poke his eye out"?

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Response to RCW2014 (Reply #4)

Mon Aug 12, 2019, 08:26 PM

5. Which bills should he have vetoed?

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Response to oflguy (Reply #5)

Mon Aug 12, 2019, 08:35 PM

6. What spending bills did Pelosi send him that exploded federal spending since you blamed

it on her...

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Response to RCW2014 (Reply #6)

Mon Aug 12, 2019, 08:40 PM

7. All of them

I guess you don't know all spending originates in the House.


Which ones?

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Response to oflguy (Reply #7)

Mon Aug 12, 2019, 08:46 PM

8. And of course your Republican Senate had to approve and give their blessing!

Did you forget that part while not being able to point to one piece of legislation I was inquiring about???

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