Fiscal 2025 deficit, October-April: $1.049 trillion
Fiscal 2024 deficit, October-April: $0.855 trillion
Increase in the deficit in 2025 Oct-Apr: $194 billion
Meanwhile CNBC blows smoke up your ass:
Fiscal 2025 deficit, October-April: $1.049 trillion
Fiscal 2024 deficit, October-April: $0.855 trillion
Increase in the deficit in 2025 Oct-Apr: $194 billion
Meanwhile CNBC blows smoke up your ass:
The worst it ever got was 2.4% in December 1952 while Truman was still president.
The leisure class of state capitalism has to have something to complain about.
The Treasury Secretary would know, of course, because he has to report income and outlays every month.
One person who witnessed the dispute said:
It was quite a scene. It was loud. And I mean, loud.
The story is here.
Have there been no savings from the Department of Defense, the costliest department in the federal government? No $1,000 toilet seats to be found? No savings from sex change operation eliminations? How about the $7 billion in military equipment left behind in Afghanistan, stuff like that? Didn't we get booted from Niger last year? Anything left behind there? You get the idea, but we've heard nothing about Department of Defense waste, fraud, and abuse.
I mean, where did Army Surplus come from in the first place?
Oh, by the way, the Pentagon failed its seventh audit in a row in November 2024. It has $4 trillion in assets in every US state and 4,500 locations worldwide, but Elon Musk couldn't find one thing to eliminate?
Yeah, but they're on track to fire 300,000 federal workers.
Meanwhile the $150 billion in claimed savings to come, if they actually do get here, is already gone, swallowed up by the Giant Squid. The deficit year to date is already $242 billion higher than it was last year at this time.
DOGE has been nothing but theatre, and Elon's just taking a bow as his gig comes to an end at the close of May.
Has anything in recent memory failed more spectacularly than this?
The fiscal year to date deficit last year was $1.064691 trillion.
The fiscal year to date deficit this year is $1.307132 trillion, $242.441 billion higher.
The monthly US Treasury statement may be found here.
Might as well go out with guns a-blazin'.
Musk is a free-trader who is not down for the tariff struggle.
... “A PhD in Econ from Harvard is a bad thing, not a good thing. Results in the ego/brains>>1 problem,” Musk wrote in one post. (Navarro earned a PhD in economics from Harvard in the 1980s.)
The Department of Government Efficiency head replied to another user’s comment on the video lauding Navarro’s explanation, writing of the economist: “He ain’t built shit.” ...
More.
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this was subsequently deleted by Musk |
Reported here:
... The Hamilton Project, an economic policy think tank, tracks federal spending using daily treasury statements published by the government.
These data show that the federal government had spent $1.893 trillion in 2025 as of March 26, compared to $1.763 trillion at the same date last year. In other words, federal spending in on pace to come in 7.4% higher this year than last. ...
"One law for me, another for thee."
Signed, The UniParty.
But look on the brightside. You just lost your job working for Uncle Sam, you didn't get killed or left behind in a hellhole to rot.
It's all part of a pattern of incompetence which includes Elon Musk firing people indiscriminately and then having to scurry and rehire people in critical positions who never should have been fired in the first place.
Amateur Hour 2.0
More here.
... Despite generating $79 billion in revenue in 2023, the USPS lost $6.5 billion. ...
The Social Security Administration website crashed four times in 10 days
this month, blocking millions of retirees and disabled Americans from
logging in to their online accounts because the servers were overloaded. ...
The turmoil is leaving many retirees, disabled claimants and legal immigrants who need Social Security cards with less access or shut out of the system altogether, according to those familiar with the problems. ...
Leland Dudek — the accidental leader elevated to acting commissioner after he fed data to Musk’s team behind his bosses’ backs — has issued rapid-fire policy changes that have created chaos for front-line staff. Under pressure from the secretive Musk team, Dudek has pushed out dozens of officials with years of expertise in running Social Security’s complex benefit and information technology systems. Others have left in disgust. ...
Alarmed lawmakers are straining to answer questions from angry constituents in their districts. Calls have flooded into congressional offices. The AARP announced on Monday that more than 2,000 retirees per week have called the organization since early February — double the usual number — with concerns about whether benefits they paid for during their working careers will continue. Social Security is the primary source of income for about 40 percent of older Americans.
Trump has said
repeatedly that the administration “won’t touch” Social Security, a
promise that aides say applies to benefit levels that can only be
adjusted by Congress. But in just six weeks, the cuts to staffing and
offices have already taken a toll on access to benefits, officials and
advocates say. ...
More.
This should be good for election turnout in November 2026.
Republican politicians face mounting anger over Doge cuts