2/12/20: The January report is out. January has been one of the few months of the year where income exceeds spending. Not so this time. January 2020 was the first time in the past five years to show a deficit, of $32.6M. In fact, it was the worst January since 2011, when the country was still recovering from the Great Recession. In Fiscal Year 2016, the surplus in January was $55.2M.
The U.S. budget deficit for the past 12 months (Feb '19 - Jan '20) hit $1.1Trillion! ($1.1T if you round up; $1,063,321,000,000, to be precise.) The national debt is now at $23.3T.
We now have 1/3 of FY2020 in the books and we can see some spending trends taking shape. The only categories showing less spending than in the previous FY are the Labor Department (down 1.3% to $10B), and the Small Business Administration (18.3% less, to $352M). The General Services Administration is showing a profit for the first four months of the FY.
BREAKING: The U.S. budget deficit for the past 12 months (Feb '19 - Jan '20) hit $1.1Trillion! ($1,063,321,000,000, to be precise.) The national debt is now at $23.3T.— Arizona's Politics (@AZs_Politics) February 12, 2020
MORE DETAILS, and the report: https://t.co/8wEJPepyH1 pic.twitter.com/iK6hHAAPSg
Hey, #GoodNews?!? Our federal budget deficit was *ONLY* $3.9 billion higher last month than in the preceding November!— Arizona's Politics (@AZs_Politics) December 11, 2019
Unfortunately, #BadNews. Our federal budget deficit for the past 12 months was officially OVER $1 TRILLION! pic.twitter.com/ZhjONVYe2b
*🚨BREAKING: Our budget deficit for October was $134B. That is a 34% INCREASE compared to the previous Oct.— Arizona's Politics (@AZs_Politics) November 13, 2019
This as our national public debt approaches $22.5T. pic.twitter.com/0ynCaEMWjs
*cc: @RepAndyBiggsAZ (I do admire his willingness to keep the debt clock on the website.)— Arizona's Politics (@AZs_Politics) November 13, 2019
Re: tariffs: it appears from today's report that tariffs (not broken out by country) have increased by $2.2B from the previous Oct.
Another note re: @ICEgov, spending on "Immigration and Customs Enforcement" went DOWN (negligibly) when compared to last October. From $641M (in a month!) to $638M.— Arizona's Politics (@AZs_Politics) November 13, 2019
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