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Non-Tech : Kirk's Market Thoughts
COHR 170.45-2.6%Dec 17 3:59 PM EST
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To: Sdgla who wrote (16054)6/13/2023 1:19:56 PM
From: Kirk ©2 Recommendations

Recommended By
berniel
POKERSAM

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It is hard to say the economy is healthy and jobs are strong when taxes collected are plunging...

That is why I track this treasury data every month and occasionally publish the results on my blog.

Treasury Revenue Falls, Spending Rises and Deficit Soars

Key Points:
  1. For FY 2023, total taxes and other revenues collected YTD are down 11.3% year-over-year.
  2. Just as big a "problem" is SPENDING grew 9.4%!
  3. Spending is up about 5.4% above the 4.0% year over year CPI inflation rate reported this morning.
  4. The deficit is up 27.1% in just a year!

This table shows a summary of receipts, outlays, and the deficit for the U.S. Government by Month.

kirklindstrom.blogspot.com
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