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US annual budget deficit shows biggest drop in history
Posted by: pdq
Date: October 21, 2022 09:44AM
Huh. And Dems were in charge of the presidency and both houses of congress when it happened.



Quote

The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.

Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.

… The 2022 fiscal year saw $4.896 trillion in revenue against $6.272 trillion in outlays. The outlays number represented about a $550 billion decline in spending but an $850 billion increase in revenue. The [revenue increase] is by far the highest ever for the U.S. government.

In other news I see many state unemployment numbers continuing at historical lows. Republican governors are claiming credit of course, pointing to their prior fight against Covid restrictions (while overlooking the higher death rates in their states). And of course, they all agree that Biden’s disastrous economic policies must be stopped.

FWIW, our little island of blue (MN) surrounded by red has unemployment numbers below that of those surrounding states. Funny, that.

Inflation remains high, but is no longer “skyrocketing”, despite what you hear; it’s actually declining, and should show continued declines in the next few months as the fed’s rate hikes bite and the year-ago comparison rates catch up.

Will this save the Dems? Perhaps not, but in general, it was nice while it lasted.
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Re: US annual budget deficit shows biggest drop in history
Posted by: Ombligo
Date: October 21, 2022 10:40AM
Perception matters more than results, the Repubs have done their chicken little role to perfection



“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld

"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias

The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late
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Re: US annual budget deficit shows biggest drop in history
Posted by: Acer
Date: October 21, 2022 11:00AM
Clearly Biden's "Destroy the Country" agenda is failing. We need get the Democrats out so the Republicans can destroy it the proper way.
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Re: US annual budget deficit shows biggest drop in history
Posted by: S. Pupp
Date: October 21, 2022 12:38PM
To a large section of the population, if it's not out of the mouth of Trump or Carlson, it's fake news and liberal propaganda.



Edited 1 time(s). Last edit at 10/21/2022 12:38PM by S. Pupp.
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