The Numbers Don’t Lie—But Washington Does January was a bloodbath for the Treasury. The government managed to spend $642 billion in a single month—a staggering 29% increase from last January. That alone should set off alarm bells, but here’s the kicker: it only pulled in $513 billion in tax revenue, up a measly 7.5% from last year. Translation? We’re spending money at four times the rate we’re bringing it in. That led to a $129 billion deficit for the month, marking the second-worst January in history (only 2021, in the aftermath of the COVID money-printing frenzy, was worse). Stack that on top of the previous months, and the government has already run up $840 billion in deficits this fiscal year…
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