The U.S. national debt has reached $34 trillion for the first time in history, with concerns that it could possibly reach $40 trillion by the end of 2024 if current fiscal policies continue. Stephen Moore commented on the bipartisan nature of the issue, stating, 'It's like Buzz Lightyear, To infinity and beyond. This is craziness.' The Congressional Budget Office (CBO) reported that the federal budget deficit for the first quarter of fiscal year 2024 totaled $509 billion, $87 billion more than the previous year, and just shy of $510 billion for the period from October through December 2023. The deficit for December alone was $129 billion, up 52% from the previous year. In the last month, $1 trillion was added to the debt, and the deficit for the first three months of the 2024 fiscal year is up $89 billion, or 21%, from the year-ago period. The 2023 calendar year deficit was $1.8 trillion, potentially reaching $2.1 trillion, emphasizing the urgency of addressing the nation's unsustainable debt burden.
📈US budget deficit exceeded $500 billion in the last quarter of 2023
"The federal budget deficit totaled $509 billion in the first quarter of fiscal year 2024, the Congressional Budget Office estimates. That amount is $87 billion more than the deficit recorded during the same period last fiscal year: Although revenues this year were $83 billion…
The US budget deficit for the first fiscal quarter of 2024 has already exceeded $500 billion – Insider Paper This is evidenced by the report of the US Treasury (the financial quarter began in October 2023). The jump in the deficit was the first reason why the country's total… https://t.co/H6J7u1lH3U
The U.S. budget deficit totaled just shy of $510 billion for the period from October 2023 through December 2023, following a shortfall of $129.4 billion in December alone. https://t.co/LkdXkRWfgs https://t.co/MUuywU5PbG
'For the period from October 2023 through December 2023, the budget deficit totaled just shy of $510 billion, following a shortfall of $129.4 billion in just December alone, which was 52% higher than a year ago.' https://t.co/pRmsvnoHoH
🇺🇸 For the first three months of the 2024 fiscal year that started Oct. 1, the federal deficit reached $510 billion, up $89 billion, or 21% from the year ago period. https://t.co/iiVevPLHWf
We’re $34 TRILLION in debt, $1 trillion of which was added in the last MONTH. We must stop the irresponsible spending to help fight inflation, strengthen our economy, and quit adding to the unsustainable debt burden on America. https://t.co/3Xb462YQ3C
It's official -- the 2023 calendar year deficit was $1.8 trillion. And really $2.1 trillion! https://t.co/LkgVBSQhL9 https://t.co/tqGbCL8exv
US budget deficit for December up 52% to $129 billion (Reuters) The U.S. federal government posted a December deficit of $129 billion, up $44 billion or 52% from a year earlier as outlays rose while receipts fell from December 2022 levels that were swelled by pandemic-deferred… https://t.co/nxN1XNucVb
⚠️ US BUDGET DEFICIT FOR DECEMBER UP 52% TO $129 BILLION (Reuters) The U.S. federal government posted a December deficit of $129 billion, up $44 billion or 52% from a year earlier as outlays rose while receipts fell from December 2022 levels that were swelled by…
Our national debt has now passed $34 trillion, the highest level in our nation’s history. In just the last three years the debt has increased by over $6 trillion. Even more alarming is the fact that our country’s debt-to-GDP ratio is now higher than it has ever been- including…
1) CBO: The federal budget deficit totaled $509 billion in the first quarter of fiscal year 2024, the Congressional Budget Office estimates. That amount is $87 billion more than the deficit recorded during the same period last fiscal year
The federal budget deficit totaled $509 billion in the first quarter of fiscal year 2024, CBO estimates—$87 billion more than the deficit recorded during the same period last fiscal year. https://t.co/WaifJaAJ54
⚠️Just In: U.S. National Debt hits $34 TRILLION for the first time in history. At this pace the national debt could possibly reach $40T by the end of 2024 if the U.S. keeps up with its unsustainable fiscal policy. 🇺🇸🇺🇸 https://t.co/9Rq2KSivMl
🚨 U.S. DEBT: $34 TRILLION 🚨 ($50+ TRILLION over next ten years) "I can't just blame this on @JoeBiden. It's both parties. They are addicted to government spending. It's like Buzz Lightyear, 'To infinity and beyond.' This is craziness." @StephenMoore #ampFW via @FoxBusiness https://t.co/vuSf1rqwDg