WEB Notes: Read it as many times as it takes to sink in. Combine this with the so-called tax cuts and we can see the government continuing to go further and further into debt.
The federal government ran a deficit of $215,248,000,000 in the month of February, while taking in $155,623,000,000 in taxes and spending $370,871,000,000, according to the Monthly Treasury Statement.
The deficit was the largest the federal government has run in February in five years (when the monthly deficits are compared in constant 2018 dollars adjusted using the Bureau of Labor Statistics inflation calculator).
Source: Feds Run $215 Billion Deficit in February
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