Government Spending Shock: U.S. Budget Deficit Soars In Worst Start To Year On Record

December 12th, 2024

Via: ZeroHedge:

According to the latest Treasury data released today, in November – the second month of fiscal 2025 – the US spent a massive $584.2 billion, a 14% increase from the prior year, and a record for the month of November.

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The surge in spending was driven primarily by higher spending on health, defense and Social Security, but mostly a huge $50BN spike on Medicare outlays!

Posted in Collapse, Economy | Top Of Page

2 Responses to “Government Spending Shock: U.S. Budget Deficit Soars In Worst Start To Year On Record”

  1. NH says:
    December 12, 2024 at 11:24 pm

    The weaponization of the Dept. of (in)Justice, the SEC, the IRS, etc against political rivals, entrepreneurs and truth-tellers, sure doesn’t add up to helping the balance of payments either.

    Here’s SEC chief creep, and former CFO for Hillary’s 2016 presidential run, getting grilled by Senator J D Vance over some of that:

    https://x.com/WallStreetApes/status/1867368083351912893

  2. NH says:
    December 13, 2024 at 10:24 am

    More SEC:

    x.com/CollinRugg/status/1867388939704971778

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