June 20, 2025

1 thought on “Kiggans on POTUS Budget: We Must Restore Strength in our Nation’s Economy

  1. The inflation the Fed is fighting is the inflation that Joe Biden’s WHACKED-OUT GREEN NEW DEAL policies passed by BOTH the worthless DEMOCRATS and worthless REPUBLICANS in the mockery called a “federal government” in Washington, D.C. that exists for no other reason than to loot our treasury while erecting a multitude of New Offices, and sending hither swarms of Officers to harrass us, and eat out our substance, has created.

    As to the inevitable results 0f this idiotic set of policies inflicted on WE. THE ACTUAL AMERICAN PEOPLE, by BOTH the worthless DEMOCRATS and worthless REPUBLICANS in the mockery called a “federal government” in Washington, D.C., we have from Reuters as follows:

    “U.S. deficit grows to $262 billion in February as tax refunds surge”

    Reuters

    March 10, 2023

    WASHINGTON, March 10 (Reuters) – The U.S. government posted a $262 billion budget deficit in February, up 21% from a year earlier, as outlays grew and revenues fell, due largely to higher tax refunds issued as the Internal Revenue Service worked through a substantial backlog of unprocessed returns.

    The Treasury Department said on Friday the deficit last month compared to a $217 billion budget gap in February 2022.

    Receipts for the month fell $28 billion, or 10%, to $262 billion, while outlays grew $18 billion, or 4%, to $525 billion.

    The Treasury said individual withheld tax receipts in February climbed $10 billion, or 4%, compared to a year ago, but individual tax refunds, which reduce revenues, grew $31 billion, or 153%, to a total of $52 billion.

    For the first five months of the 2023 fiscal year that started Oct. 1, the Treasury said the cumulative deficit came to $723 billion, up $247 billion, or 52%, from the comparable period of fiscal 2022, when the deficit was $476 billion.

    Year-to-date receipts fell 4% to $1.735 trillion, while outlays grew 8% to $2.458 trillion.

    The biggest drivers of deficits this year, according to Treasury data, have been interest on the public debt, which is up $69 billion, or 29%; higher individual tax refunds, also up $69 billion, or 136%; lower federal reserve earnings, down $47 billion, or 99%; and higher Social Security costs, up $45 billion, or 9%.

    end quotes

    SOLUTION: IMPEACH JOE BIDEN!

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