Deficits Just EXPLODED Higher...What Does It Mean For The Economy?
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 13 December 2024
⏱️ 24 minutes
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| 0:00.0 | Hello, fellow rubble capital. |
| 0:01.2 | I hope you're well. |
| 0:02.4 | I'll tell you what's not doing well, and that's the United States budget deficit. |
| 0:06.8 | I can assure you of that. |
| 0:08.7 | In fact, it is getting absolutely out of hand. |
| 0:11.5 | In fact, by some measures, it's worse now than it was even back during the Cervasus sickness. |
| 0:19.3 | So let's go right over to Zero Hedge and check out exactly what's going on with the deficit |
| 0:25.5 | and see what it's, they've got it calculated for two months, the first two months of the fiscal |
| 0:32.8 | 2025. |
| 0:34.3 | It gets a little weird because they don't follow the calendar dates there, but you guys get it as we go through the article so let's go and then obviously at the end of this video i want to try to ask the question you know what does this mean for the economy that's the real important question here you know what does this mean for the average joe and jane so first let's go Zero Hedge, and we've got government spending shock. |
| 0:57.0 | U.S. budget deficit soars in worst start to the year on record, or the best start if you think |
| 1:06.1 | the budget deficit is good. I guess at the end of the day, it all depends on your vantage point, right? |
| 1:12.2 | So what they're doing right here, long story short, is they're looking at the month of November |
| 1:20.0 | and October. I guess those technically are the first two months of the fiscal 2025, just the way it's kind of measured. |
| 1:30.4 | I know looking at the calendar, it's a little bit weird there. |
| 1:32.6 | But bottom line, we're just looking at the months of October, November for calendar year |
| 1:36.8 | 2024, and then comparing that October, November, to 2023, 2022, and during the surveys of sickness. |
| 1:46.2 | And when I showed that initial chart, you know, this is what they're doing. |
| 1:50.2 | That's why we can say that, you know, if this is accurate, this is, this exceeds 2020 by a |
| 1:59.5 | staggering amount. |
| 2:00.9 | It's not just a rounding error here. |
| 2:03.9 | In 2020, November, October, we're looking at a budget deficit around, call it, 400 million. |
... |
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