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Non-Tech : Kirk's Market Thoughts
COHR 154.52-3.0%Nov 7 9:30 AM EST
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To: robert b furman who wrote (14675)10/21/2022 3:39:15 PM
From: Kirk ©  Read Replies (2) of 26439
 
I updated my revenue, spending & deficit tables for the US Treasury plus added a few of the governments most interesting graphs.

2022 Treasury Deficit Adds 1.4 Trillion Dollars

Check out the interesting chart showing spending on Education... probably student loan forgiveness.

Clearly tax collections continue to rise despite the lower corporate tax rate.
  • The "problem" is SPENDING has gone up much faster than revenue.
  • During fiscal 2022, total US Treasury revenue grew 21.0% to $4.9 trillion while spending fell only 8.0% to $6.3 trillion thus adding another $1.4 trillion to the deficit.
  • The largest Outlay for September was for $449 billion for "Education" with Medicare and Social Security tying for 2nd and 3rd at "only" $104 billion each.
That is hardly "education" but illegal charity that I don't remember voting for but fine... call it what they want.
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