by Peter Schiff, Schiff Gold:
The Federal Government ran a deficit last month of $240B. Revenue continues to be at or below levels last year while expenses continue to grow.
The chart below shows the month of May historically. This is the second largest May deficit ever, falling only behind May 2020 during the peak of Covid stimulus. As the chart below shows, revenues have dropped significantly YoY since the peak in 2021. At the same time, expenses dropped last year but have bounced back this year.






RUSSIA’S NUCLEAR OPTION BECOMES A GRIM REALITY



