Monday, October 19, 2020

Tag: 2019 Federal Budget Deficit Already Above 2018 Number

2019 Federal Budget Deficit Already Above 2018 Number

by Peter Schiff, Schiff Gold:

The federal government continues to spend America into a black hole and has already topped last year’s budget deficit with two months left in the fiscal year.

The US budget deficit in July came in at $120 billion thanks to a surge in spending, according to data released by the Treasury Department.

Uncle Sam spent $371 billion in July. That was 23% more than the government spent in July 2018. The Treasury brought in $251 billion. That number was up 12% compared to July 2018.