U.S. Posts Biggest Monthly Budget Deficit in May Since 2009

[madness]

The U.S. posted a $146.8 billion budget deficit in May, the largest for the month since 2009, as revenue declined.

The budget gap rose 66 percent last month from a year earlier, the Treasury Department reported on Tuesday. Spending rose by 10.7 percent to $363.9 billion, compared with a 9.7 percent fall in receipts to $217.1 billion.

The government is facing increasing borrowing in the coming years partly due to tax cuts enacted this year and the strain on social and health spending from an aging population. For the first eight months of the fiscal year, the fiscal gap widened to $532.2 billion, up 23 percent from last year’s $432.9 billion deficit.

U.S. Posts Biggest Monthly Budget Deficit in May Since 2009

Turns out a giant tax cut for corporations is bad for the budget deficit.
I'm shocked, shocked I tell you.

 

[DEAD7]

The deficit matters again?

 

[ADevilYouKhow]

Another Republican failure

 

[hashmander]

The deficit matters again?

the deficit always mattered during the obama years. we didn't stop hearing about. it only doesn't matter when republicans are cutting taxes and telling tall tales about magical revenue increases that never materialize. in the 80's it was deficits don't matter in the 90's we had to have a balanced budget, in the oughts it was reagan proved that deficits don't matter. and after all that shytty fiscal and general management we had the great recession and when deficits really shouldn't have mattered all we heard from republicans were "THE DEFICIT ... THE DEFICIT. THINK ABOUT THE CHILDREN." now we have a republican president again deficits don't matter.

 

[Futuristic Eskimo]

the deficit always mattered during the obama years. we didn't stop hearing about. it only doesn't matter when republicans are cutting taxes and telling tall tales about magical revenue increases that never materialize. in the 80's it was deficits don't matter in the 90's we had to have a balanced budget, in the oughts it was reagan proved that deficits don't matter. and after all that shytty fiscal and general management we had the great recession and when deficits really shouldn't have mattered all we heard from republicans were "THE DEFICIT ... THE DEFICIT. THINK ABOUT THE CHILDREN." now we have a republican president again deficits don't matter.

The timing is ridiculous, as well. To balloon the deficit in the late stages of an economic cycle and leave yourself no room to maneuver fiscally in the next coming recession is beyond irresponsible.

 

[BillBanneker]

Don't worry, the republicans will start deficit trolling if dems control white house/congress.

 

[Json]

Don't worry, the republicans will start deficit trolling if dems control white house/congress.

Just in time to blame Dems as a campaign tactic in 2020 so Republican voters can pull that lever against their interest by sticking it to those east coast liberals!

 

[Russian Bot v.2.1]

Don't worry, the republicans will start deficit trolling if dems control white house/congress.

this x1000000

the deficit only matters when Democrats are in office.

 

[acri1]

The deficit matters again?

Not when Republicans are in charge apparently.

 

[the cac mamba]

how about instead of rescinding the tax cuts, the dems run on cutting spending to close the deficit

i found a pay stub from last year and the fed is witholding 20 less dollars a week, so about a thousand a year. i think i'd like to keep that

 

[Mook]

how about instead of rescinding the tax cuts, the dems run on cutting spending to close the deficit

i found a pay stub from last year and the fed is witholding 20 less dollars a week, so about a thousand a year. i think i'd like to keep that

Honestly, I truly believe you're not a racist. You are definitely dumb though. You cannot fukking sit on the fence and your only position being fukk democrats. All your opinions contradict each other. You know damn well you keeping that extra ag means we all got fukked somewhere.

 

[ExodusNirvana]

how about instead of rescinding the tax cuts, the dems run on cutting spending to close the deficit

i found a pay stub from last year and the fed is witholding 20 less dollars a week, so about a thousand a year. i think i'd like to keep that

Yeah let's start with the Military...the GOP will agree on that right?

 

[the cac mamba]

Honestly, I truly believe you're not a racist. You are definitely dumb though. You cannot fukking sit on the fence and your only position being fukk democrats. All your opinions contradict each other. You know damn well you keeping that extra ag means we all got fukked somewhere.

yeah? where?

im just telling you the only hard, tangible fact ive observed

and for the record, it's double fukk republicans. but why is me saying "why dont dems cut spending" some kind of offense? dems dont waste money?

i guess i don't bytch about republicans to you guys because we all know that they're a racist, piece of shyt party that's completely beholden to the rich. i dont feel the need to drive home what we all know as rhetorical information

 

[the cac mamba]

Yeah let's start with the Military...the GOP will agree on that right?

well looking at the voting record, dems wouldnt agree with it either

if it was up to me, cutting military spending would be the first thing i do. but again, are you gonna tell me dems dont waste money on their own bullshyt?

 

[ExodusNirvana]

well looking at the voting record, dems wouldnt agree with it either

if it was up to me, cutting military spending would be the first thing i do. but again, are you gonna tell me dems dont waste money on their own bullshyt?

Such as?

BTW, that whole disingenuous "Dems are the same as the GOP" shyt don't work with me so lets be adults here. One party concedes to increases in Military spending because to deny it would frame them as "Anti-American" and further marginalize their attempts to get their own ideas across, and the other party with reckless abandon, signs off on any Military spending put forth because that's their parties platform.