👉Economic Collapse 2020   Uncle Sam is Spending us Into Oblivion !!
Channel: GeoStar TV
Date: 2020-03-26

Economic Collapse 2020 : Uncle Sam is Spending Us Into Oblivion !!
The US federal government ran a budget deficit of over $1 trillion in the 2019 calendar year. All this while The government debt currently stands at $23 trillion, if we divide this by the total population of America, then we get a $70293 debt burden for each and every American citizen, including newborns.
In December,  The US Treasury spent $13.3 billion more than it pulled in, and while the month's budget deficit was moderately better than the $15 billion anticipated, it was practically unchanged from the $13.5BN deficit recorded in Dec 2018.
Total December spending of $349billion, was 7.5% higher than a year earlier, with the biggest outlays for the month as follows.
social security ($88BN), national defense ($62BN), Health ($49BN), Income Security ($39BN), Net Interest ($34BN), which was more than Medicare spending for the month ($26BN) and so on. 


But spending didn't slow in the first quarter of fiscal 2020. Through the first three months of the current fiscal year, the deficit bubbled to $356.6 billion. That's an 11.8% increase from a year ago and puts the deficit on track to eclipse $1 trillion in this fiscal year.
In just three months, Uncle Sam blew through $1.16 trillion. Spending through the first three months of the fiscal year 2020 is up 6.5% over the spending through the first three months of fiscal 2019.
What could go wrong? The end always has a beginning.
50 billion per month just on the interest. Printed and added to the debt. The snake is eating its' tail.