Ticker notes that the ACTUAL April Federal deficit was ~$175 Bn.
About twice what the lying liars at Treasury (a triple-repeat) said.
Treasury didn't count the stealing from FICA and Medicare accounts....
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1 comment:
Looking through the Monthly Treasury Statement, a big part of that debt increase was recapitalizing the Supplementary Financing Program, to the tune of $75 billion in April. Since it's cash held at the Federal Reserve on behalf of the Treasury, it's "revenue-neutral" as far as the MTS is concerned.
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