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Also borrowed dollars. The federal budget deficit is $1.38T in 2022, enough to fund 16 NSAs.
by nostrademons 4y ago
Also borrowed dollars. The federal budget deficit is $1.38T in 2022, enough to fund 16 NSAs.
- tcoff91 4y agoIts insane that NSA is 1/16 of federal budget. Thats way too much money to spend on merely one part of the defense budget.
- MattGaiser 4y agoDeficit, not budget.
- deleted 4y ago[deleted]
- archgoon 4y ago[dead]
- willis936 4y agoSnapshots are valueless. The deficit shot up to 3T in 2020, though I'm not really sure why (;. Then, in 2022 it was cut in half. It looks like we're on track to hit pre-Iraq War levels of deficit in another few years. https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ https://fiscaldata.treasury.gov/americas-finance-guide/natio...
- nostrademons 4y agoWe haven't run a surplus since 2001, and I'd be very surprised if we continue to see the deficit decline. You can think of 2020/2021 as outliers because of all the pandemic spending assistance, and then taking them out, we're back on the same trendline since 2015, i.e. up. Likely will be even steeper if we get a recession later this year or next.