Courthouse News
The U.S. government’s budget deficit skyrocketed during the fiscal year 2020 with more than $3.1 trillion in the red, according to a report released Friday by the Treasury Department.
This fiscal year, which ended Sept. 30, saw a record budget deficit more than three times that of the 2019 deficit, following a massive federal spending surge related to coronavirus-driven economic relief efforts. Last year, the budget deficit – which is the gap between government spending and tax revenue – was $984 billion.
The report released jointly by the White House and the Treasury Department on Friday shows that government spending amounted to more than $6.5 trillion this year, which is up from $4.4 trillion in 2019. It also shows that the 2020 deficit represents 15.2% of total gross domestic product, the highest percentage since World War II. More
That’s all?
Imagine if we had followed the Swedish model of not shutting everything down.
Make China pay for it.
The value of our printed money has always been an idea we all agreed to share. It is a phantasm of belief like that of a Supreme Being.
Doubt, has consequences. Heresy causes crashes.
That encapsulates the exact bullshit our currency is based on. This is fact, and these facts are undisputed by the people that control our currency.
Paper money is an illusion.
Soon it will be an illusion of paper.
Digital Bitcoins for you on your computer screen !
And just guess who will get blamed for it.
Hopefully after the Chinese virus shut downs are done with we can get things more under control