(Time's up, folks! You might serve yourself a strong drink before you read the whole thing - and keep in mind - it's nothing new. The warnings have been given for years......but the numbers are now HERE! No EXCUSES! - CL)
Read full text: https://market-ticker.org/akcs-www?post=252960
$296 billion in all revenues and $603 billion spent last month; all of which was with President Trump in office.
This, while Speaker Johnson (and Trump) both want to continue this insane level of spending beyond revenues -- more than a 50% deficit last month -- until the end of September.
This is, on an average basis, worse that Joe Biden's last months in office (October - January) as the total across October to present is $1,147 billion -- or, if you prefer to be fair, equally bad since January is typically 1120 payments month and thus usually has a large amount of received corporate taxes, and it did this year as is usually the case.
Note that Social Security, which people will try to lump in, is not the problem. It takes in a huge amount of tax (and pays out a huge amount); in contrast Health and Human Services spent $145 billion last month which is more than all income tax receipts deposited from individuals and more than 14 TIMES that deposited from corporations and yet the total deposited from Medicare tax was $28 billion -- or just nineteen percent of what was spent.
For rather-obvious reasons you can't cut CMS program benefits by 80%.
But you can cause costs to fall by close to that amount if you go after cost, and the Executive has the means to do that as I've pointed out through using 15 USC Chapter 1 and the two standing Supreme Court decisions backing its applicability to medical, pharmaceutical and health-insurance related businesses, including of course those involved in Medicare Advantage.
