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POSTED ON February 13, 2024  - POSTED IN Exploring Finance

Federal Budget

The Federal Government publishes the spending and revenue numbers every month. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going, and the surplus or deficit.

This month saw a $22B deficit.

POSTED ON May 12, 2022  - POSTED IN Exploring Finance

Tax revenues have been on the rise for about 18 months. As speculated previously, if this windfall was temporary, it would have shown up with a deficit in April due to a higher than normal tax returns surge. April is historically a positive month for the Treasury, but a surge in tax returns leading to a deficit would have suggested the past year was potentially a fluke.

POSTED ON June 2, 2021  - POSTED IN Key Gold Headlines

President Joe Biden released his 2022 budget this week. The $6 trillion spending plan offers a glimpse into Biden’s long-term fiscal strategy – borrow and spend to infinity and beyond.

The Biden budget would take the US to its highest sustained spending levels since World War II.

And here you thought the pandemic emergency was winding down and spending would go back to normal. Well apparently, this is the new normal.

POSTED ON June 27, 2018  - POSTED IN Key Gold Headlines

At the current trajectory, the cost of paying the annual interest on the US debt will equal the annual cost of Social Security within 30 years, according to a recent report released by the Congressional Budget Office.

By 2048, as interest rates rise from their currently low levels and as debt accumulates, the federal government’s net interest costs are projected to more than double as a percentage of GDP and to reach record levels.  Those costs would equal spending for Social Security, currently the largest federal program, by 2048.”

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