We are headed into the abyss the DEBT cesspool

 

Just Chump change right?  These massive government expenditures will stunt real growth

The December Treasury Budget showed a $143.6 billion deficit, versus a $13.3 billion deficit in the same period a year ago. The December deficit when compared to the November deficit of $145.3 billion is not a meaningful statistic as it is not seasonally adjusted.

·         Total receipts of $346.1 Billion were $10.3 Billion more than the same period last year.

·         Individual income taxes were the largest source of receipts at $144 billion.

·         Total outlays (mostly BS bailout programs) of $489.7 Billion were $140.6 Billion more than the same period last year.

·         Social Security was the largest outlay by function at $117 Billion followed by Income Security at $77 billion.

The fiscal year-to-date budget deficit is $572.9 Billion versus $356.6 Billion for the same period a year ago.

The budget deficit over the last 12 months is a staggering $3,348 billion.