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The Nomad Economist: The US Budget Deficit Blows out of Control

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The Nomad Economist Premiered Jan 12, 2022 The US federal government ran a budget deficit of over $1 trillion . All this while The government debt currently stands at $23 trillion, if we divide this by the total population of America, then we get a $70293 debt burden for each and every American citizen, including newborns. In December, The US Treasury spent $13.3 billion more than it pulled in, and while the month’s budget deficit was moderately better than the $15 billion anticipated, it was practically unchanged from the $13.5BN deficit recorded in Dec 2018. Total December spending of $349…

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Restored Republic via a GCR: Special Report as of January 12, 2022

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