The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures released Friday by U.S. Treasury Department.
Congress has run a deficit every year since 2001. In the past 50 years, the federal government has ended with a fiscal year-end budget surplus four times, most recently in 2001.
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The Importance of Prayer: How a Christian Gold Company Stands Out by Defending Americans’ Retirement
The deficit for fiscal 2024 was $1.8 trillion, or $138 billion higher than the prior year’s deficit. As a percentage of GDP, the deficit was 6.4%, an increase from 6.2% in fiscal 2023. The 2024 deficit is $196 billion lower than in 2023, excluding the effect of the Supreme Court’s 2023 decision in Biden v. Nebraska regarding student loan programs, according to year-end data from the September 2024 Monthly Treasury Statement of Receipts and Outlays of the United States Government.
The fiscal year 2024 deficit was $76 billion below the baseline estimate of $1.91 trillion in the 2024 budget published in March, and $144 billion lower than the baseline estimate of $1.98 trillion in the Mid-Session Review, a supplemental update to the budget published in July.
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said that is equal to borrowing about $5 billion a day, adding daily to the nation’s $35.76 trillion debt. […]
— Read More: justthenews.com
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Post-Election Predictions: This Time, Violence May Be Worse Than 2016
by Red State
We’ve been kicking around a lot of pixels over the election, and as it grows nigh, there have been many discussions about what happens next – especially if Donald Trump wins. In 2016, there were protests. 2020’s “Summer of Love” riots, looting, arson, and yes, insurrection were another step towards…
The $15 Billion Biden-Harris Scandal Nobody Is Talking About
by Issues & Insights
We have no doubt that, in the years to come, the media will describe the Biden-Harris administration as “scandal-free.” But that’s only because for the past four years they’ve vigorously ignored any and all scandals. Case in point is the $15 billion giveaway that Biden-Harris snuck through this summer without…
Will Gold and Silver Prices Drop if Donald Trump Wins?
by Sponsored Post
It’s well-established among economists that if Kamala Harris wins the presidential election, gold and silver will likely shoot up in value. But what if Donald Trump wins? With his chances of victory increasing, should gold and silver owners sell now because values will drop during his second term? “Considering everything…
It Is Beginning to Look Like a Debt Emergency
by Zero Hedge
It’s now less than a week to go until the USA decides who is going to be their next President. The state of the political discourse recalls the ‘dramatic crossroads’ meme, where the respective labels attached to the sunny uplands and the grim castle of doom is a Rorschach test…
House Speaker Vows ‘Massive Reform’ to Obamacare If Trump Wins
by The Epoch Times
House Speaker Mike Johnson (R-La.) proposed a major change to the U.S. health care system and the Affordable Care Act if former President Donald Trump wins next week’s election. “Health care reform’s going to be a big part of the agenda. When I say we’re going to have a very…
Here Are 8 Major Election Developments That Everyone Needs to Know About
by Michael Snyder
(The Economic Collapse Blog)—Can you believe that we are less than a week away from Election Day? Over 57 million Americans have already voted, and in some states more than half of the total expected vote is already in. So it may already be too late for a last minute…
Trump Promises Tax Credits for Unpaid Family Caregivers if Elected
by Natural News
Former President Donald Trump has vowed to provide unpaid family caregivers of sick loved ones with tax credit incentives for them to ease their financial burdens. According to a recent report from the National Alliance for Caregiving and the American Association of Retired Persons (AARP) study, there were 53 million…
This Election Will Not Prevent the Coming Chaos
by Mike Pottage
(WND)—It seems the justice system is overwhelmed by criminal cases involving illegals, and this puts Americans at risk of being short changed by that system. What is even more astounding is the fact this crisis was created by the Democrat Party and was 50 years in the making, and yet…
The ‘World’s Most Accurate Economist’ Has Now Predicted That Trump and GOP Will Win the 2024 Elections
by Conservative Institute
With just one week to go until the election, the presidential race appears to remain close and arguments could be made by either side for why they believe their preferred candidate is poised for victory next Tuesday. There is at least one renowned expert who thinks that former President Donald…
Absolutely Massive Food Bank Demand in the Swing States of Pennsylvania, Michigan and Wisconsin
by Michael Snyder
(The Economic Collapse Blog)—The economy is the number one political issue in America right now, and it isn’t because the economy is doing well. The long-term economic collapse that I have been writing about for years is playing out right in front of our eyes, and it is going to have…