Good evening.
In August, the US government took $307 billion in taxes and spent $687 billion, for a deficit of $380 billion. This works out to be an annualized deficit of $4.56 trillion.
Have an awesome weekend.
Discussion
‘Lead by example’ gets a different vibe to it like this
Instead of talking about budget deficits in absolute terms, it would be instructive to frame them in relative terms.
That’s, how much, as a percentage, did/does the debt increase/decrease monthly/yearly etc. That way, we can compare apples to apples.
Today’s $380B and next decade’s $380B are worlds apart. But 10% is 10% year after year after year.
Accelerate.
It’s like what was a slow bleed, is rapidly becoming an obvious river of blood
Mortally wounded? Maybe. Hence the idea of buying some btc just in case is such a good thing
This is why we #bitcoin
I was having a good weekend and then I just read your note lol. Its crazy isn't it. I wonder how long the dollar can last before it implodes. Good for us, more they print, more bitcoin sky rockets!
$4.56 trillion is almost 4 times the bitcoin total market capitalization!
🔝
Lots of bureaucrats suckling at the teets of "the peoples money"
Positive vibes🤣
Looks like the US Government did the "Chase glitch" this month, too.
Shocking numbers. Not defending the government here, but isn't it a little misleading to annualize based on a single month?
But don't they take in way more taxes in April? Is it fair to extrapolate like this?
as nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a would say
Let me guess, they got away with it too? If it was you who owed the tax man, there will be no stone unturn. Ironic huh?🤔🤔🤔
Why you gotta ruin my weekend?
Controlled demolition of the West!
Inflation generally accelerates for currencies especially the ones in the throws of death.
It’s just math……
And the math doesn’t look good.
#debtspiral
Most of the spending is related to buying btc right? …
Unfortunately not most of it, but probably will be in the future and then financial repression will emerge!
This came up during my dinner conversation but I didn’t have these numbers, any chance you have links to sources or know where to look this up?
Found it, was surprisingly easy, figure 1 is where it’s at:
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0824.pdf
I recently shared this to some of my normie friends and their answer was "this is because of big corporations". Don't know what else to say but hfsp
😮💨
You have an awesome weekend too @james 😂. (Funny not funny)
Pretty soon a loaf of bread will be $10.
Thanks for sharing the numbers, nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa
“It’s just math”
#stackingsats #bitcoin
nostr:note1k56zrzejmwu3866536hwk0hy8pehmywcgu4zcyt3dwl6j8zwq6ls83zp7p
Nothing is going to stop this train!
It's going to be at 40 trillion at the end of the year! Forth turning!