It’s either going to work or it’s not. Here is the alternative t.co/cHZA2wHnPB pic.twitter.com/LMEI4tISZL
— zerohedge (@zerohedge) November 13, 2024
US Deficit Explodes: Blowout October
According to the latest Treasury data released today, in the first month of fiscal 2025 (October), the US spent a massive $584.2 billion, a 24.3% increase from the prior year, and a record government outlay for the month of October.
On a trailing 6 month moving average basis, to smooth out outliers months, the spending hit $586 billion, effectively at an all time high with just the record spending spree during covid pushing government spending higher.
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