Even with a $2T deficit we’re still headed right into a recession

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by Jo-89002

As of the past 12 months, the federal budget deficit in the United States totaled $2.2 trillion. This amount is up 64% from the $1.4 trillion deficit in Fiscal Year 2022 and more than twice as large as the deficit prior to the beginning of the pandemic.

The final revision for Q1 24 GDP is in, and it’s not pretty. 1.4%

  • Q3: 4.9%
  • Q4: 3.3%
  • Q1: 1.4%
  • Q2: ?
See also  Debt interest $140B last month, over 66% of December's tax revenue. FY 2025 Q1 deficit at $710.9B, 39% higher YoY.
See also  The U.S. trade deficit widened to $102.9 billion in November.

You don’t have to be a Nobel Prize economist to see the trend.


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