WasteOfTheDay: March Fed Budget Deficit $1.7T – Up 454%!

A recent article by The Wall Street Journal outlines how, as stimulus money flowed to states and taxpayers, the U.S. budget gap widened to a record $1.7 trillion in March, 454% deficit growth.

The spending, well-intentioned to help the economy during the disastrous pandemic, sent the federal debt sky high to levels unheard of since the end of World War II as a proportion of the economy.

OpentheBooks.com

 

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