Relevant:
- Feds Collect Record June Tax Revs, But Still Deep In Annual Deficit
- Govt. sets record deficit in February
- U.S. Gov's Budget Deficit Overshoots by 100%; Trillion-Dollar Deficits Expected Indefinitely
- US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Media Coverage: Zilch
- CBO's Revised Budget Sees 2011 Deficit Rising By $500 Billion To $1.5 Trillion; $4 Trillion In Deficit Through 2013 Guarantees QE3+
2014-10-05 — wolfstreet.com
``How fast will the debt balloon from here? The Congressional Budget Office has its own ideas. Relentlessly over-optimistic, it never sees any recessions in the future, nor further bailouts and similar shenanigans that Congress may inflict on taxpayers. In its annual update in the spring, it figured that the budget deficit for fiscal 2014 would be $492 billion. In reality, the US borrowed 121% more than that to cover the fiscal deficit.''
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