Article from For Liberty by Norm Leahy.
The federal government is racking up the largest monthly and quarterly deficits in history, with the red ink totaling $864 billion for the month of June, alone.
By comparison, the June 2019 monthly deficit was $8 billion.
According to the Treasury Department:
More than half of this increase was due to a $511 billion increase in Small Business Administration budget outlays, primarily for the Paycheck Protection Program (PPP). Cash expenditures for loan forgiveness under PPP will occur in subsequent months.
For the Fiscal Year 2020, which began in October 2019, the government has spent more than $5 trillion and had revenues of $2.26 trillion – a deficit of more than $2.7 trillion.
The fiscal Year 2020 ends Sept. 30. Congress is currently debating another round of fiscal stimulus aimed at countering the economic effects of the coronavirus. The House approved a$3.5 trillion measure in May.
Treasury Secretary Steve Mnuchin expects a deal on some form of stimulus by the end of July.
The current federal debt stands at nearly $26.5 trillion.
Image Credit:Â By Jericho [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons
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they are doing the best they can with the demo-commeys riding their backs
I think the country is struggling because the Demoncrap commies, in the CDC, NIH and the FDA are the cause of all this! When little Anthony advised to shut down the best economy in history, he knew the results! Other than putting the Kenyan, Marxist, muslim in the white house, this is the biggest hoax the DCAP (demoncrap/communist/atheist party) has ever thrust upon the American people! America will come back stronger than ever in spite of the DCAP!
Please, please, everybody, don’t just blow through your “stimulus” money. If you are in debt, use it to pay that off. If you aren’t in debt, put it in your emergency fund, and if it is still there next April, send it back to the Bureau of the Fiscal Service (a division of the U. S. Treasury) marked “for national debt payment.”
This is money stolen from the next generation. Unless we take the debt off of them, they will be forced to repay it when they had no say in borrowing it.
They have illegal aliens working as public servants here in California. Americans are invisible here we do not even get to vote they never have enough places and illegals are who have the jobs they are on the front lines mostly. Masks are to show China they are winning. The commies need to be arrested now. The sun cures you anyway they let loose many virus before never we close and never wore masks it is all to humiliate the American people.
Rhina – I agree with you 100%. I have always felt that China let this virus loose on purpose to destroy the economy, low employment, large rise of the stock market , being bombarded with illegal immigrants etc. that President Trump was making happen, and making it happen fast. Can’t have President Trump succeed in making America Great. Again, now can we? LOL The Liberals of our country will not realize what they have until they lose it. THEN, TOO LATE!!! Wake up America.
THIS is all a part of the self destruction that is planned for this nation! Give free money and free stuff and BREAK the treasury and then the nation! Then follows the One New World Order! Enter the anti-christ! All HELL will break out and people will be crying for someone, and I have heard them say this, to step up and save them! Then the anti-christ WILL step up and he will save the world, TEMPORARILY< and then he will take the world captive by his wiles! You will be required to take the "MARK" on your right hand or forehead and IF you don't you will die in your sins and go screaming to HEL at lifes end! IF you re POOR, you will be ok, but IF you are rich in any way, then that means you took that mark, and are doomed! Revelation 13:16 KJV Go ahead, do what you want, that will NOT change the TRUTH! John 17:17 KJV
You are mistaken in saying if you don’t take the mark, you will die in your sins. It is the opposite. Poor people are not exempted. Everyone must take the mark to buy or sell.
When you are speaking of Communism and how it has been destroying this country, you can leave the King James at home. this has been taking place since the 30’s, where it took a very bright young senator to call it what it has always been, his name was McCarthy and he was ridiculed like you would not believe. He felt if we as a nation could root out this blight on America as fast as possible there might be some hope for the United States. Unfortunately, the Communists had already infested the government and was directly responsible for the shutdown of McCarthy’s investigations the hearings. Once again the American people were led to believe that the artist, writers, thespians were just being ridiculed for their bohemian lifestyles and that it was not big thing. At that particular time most of the “card carrying” variety of Communist in this country had no real idea what the Communist party was really about or doing to this country. In the early 50’s J. Edger Hoover, the then Director of the FBI, spoke to a political theorist, who worked for the FBI at the time, W. Cleon Skousen, to dedicate as much time as possible to research this political group who had been plaguing the United States and Europe for some time and find out what the some total they were about. For Hoover to ask anyone to undertake such a task, meant, he wanted lock, stock and eardrum information and he wanted it now not tomorrow. The research paper was written in manuscript form and was later published by the author under the title, The Naked Communist. I am 68 now, but was given this book by my father when I was 14 or 15 years old. If you happen to get this tome, and follow what it states, it will show you exactly what the Communist Party has been up too. And I don’t mind saying, IF IT DOESN’T SCARE THE LIVING SH*T OUT OF YOU, THEN THERE IS REALLY NO HOPE FOR YOUR EXISTENCE AT ALL