Damus
Kudzai Kutukwa profile picture
Kudzai Kutukwa
@Kudzai Kutukwa
So the U.S. government’s July budget numbers are in, and they’re pretty scary to say the least. The gov’t collected $334 billion and spent $766 billion. In other words, it spent $2.29 for every dollar it took in, leaving a $432 billion hole in a single month! And if you look at the chart below, they spent $104 billion just servicing the debt in July. That’s more than the $91 billion they spent on the military! This is why we #Bitcoin
61❤️3🤙2👀1💯1😱1🤯1
Kip Ashlynn · 3w
What a misleading graphic! They're hoping people don't think about those numbers
Raison d'État · 3w
Who the heck is still buying Treasuries? And can we rescue those hostages?
Bluelight · 3w
Meh.. Just print more munnies.
Liberthea Anadara · 3w
It's okay it's coming closer to the point of the part where no one is buying are selling. Don't know when but it's getting closer.
Carnívoro Protocol · 3w
No relacionado con salud, pero esas cifras son alarmantes. La deuda pública de EE. UU. supera los $30 trillones.
Chris · 3w
To be fair, there was a 99bn benefits payment that fell into July instead of Aug because of timing. But even the adjusted 333bn deficit was 18 percent larger than last year, with no possibility of ever slowing down due to all the major components (soc sec, Medicare, interest and defense) set to ex...