Bidenomics’ Progressive Fiscal Train Wreck

Has our DC Swamp & bureaucracy totally lost their marbles? Latest gov’t data says Washington has racked up ANOTHER $1.8 trillion budget deficit, rising 11% & more than offsetting “booming” tax revenue. Just can’t feed the beast enough taxpayers’ $?

As the WSJ editorial board opined: “The legacy hits keep coming from the Biden-Harris Administration, and on Tuesday it was the report that the federal budget deficit for fiscal 2024 clocked in at $1.83 trillion. That’s 13% larger than the year before taking into account timing shifts in outlays, and it comes despite a growing economy & no pandemic, financial crisis, or war involving large US forces. Do not expect a White House press release on this one.”

As the editors noted, “a deficit of this magnitude in an otherwise benign economic environment is unprecedented – except for the previous years of the Biden presidency.” Moreover, the kicker is that this horrific financial news comes despite a double digit or $479 billion increase in receipts. It’s called a number of names: Mismanagement. Delusion. Progressive Foolishness. Where’s that car insurance company by the same name and with the funny commercials but premium saving message for us chumbolones? That is, when you need it for serious advice on Uncle Sam’s fiscal train wreck?

Davd Soul