WEB Notes: Never any calls to reign in spending, all our nation does is continue to spend its way into oblivion. This is a part of America’s planned destruction. There will no doubt be more spending as states begin to lockdown once again over COVID-19.
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The Treasury Department reported Monday that the deficit hit $864 billion last month, an amount of red ink that surpasses most annual deficits in the nation’s history and is above the previous monthly deficit record of $738 billion in April. That amount was also tied to the trillions of dollars Congress has provided to cushion the impact of the widespread shutdowns that occurred in an effort to limit the spread of the viral pandemic.
Source: CNBC