Summary: Those who have been following the record surge in us public debt (excluding the roughly $100 trillion in off balance sheet obligations), which exploded by $3 trillion in the three months following the covid shutdowns and which hit an all time high $26.547 recently, will be all too aware that the us budget deficit this year and every year after will be staggering. The u.s. budget deficit has more than doubled since 2015, with spending for the 2019 fiscal year ending last september reaching $4.4 trillion versus only $3.5 trillion being brought in through. The u.s. government’s deficit in the first three months of the budget year was a record breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the covid 19 pandemic pushed outlays up while revenue declined. (all figures are in u.s. dollars.). The previous deficit record of $231.7 billion was set in february 2012. the total deficit shot past $22 trillion for the first time ever in february, or $2 trillion higher than when trump took office. The budget deficit skyrocketed 39 percent for the fiscal year compared to the same period year on year. by way of comparison, the february deficit is 46 percent larger than the government deficit. Source - https://www.otosection.com/budget-deficit-hits-record-as-u-s-spends-100-more-than/

1. Blog– Fiscal Update – CBO – UnitedStates – June 2022
CBO- Fiscal
Management.pdf
Goldman slashes
GDP forecast for Q2 to just barely above water.pdf
Budget Deficit Hits
Record As U S Spends 100 More Than – Otosection.pdf
9 States With No
Income Tax and the Lowest Tax Burdens.pdf
WATCH Biden
spotlights rescued pensions for millions during visit to Ohio PBS NewsHour.pdf
National Current
Conditions Drought.gov.pdf
Farmer sentiment
remains weak, crop producers contemplating
The Housing
Shortage and the Policies to Address It Econofact.pdf
Biden-Harris
Administration Takes Step Forward to Combat Climate Change, Announces Proposed Transportation Greenhouse Gas Emission Red
GAO Reports
Highlights Opportunities For The National Earthquake Hazards Reduction Program ASCE's 2021 Infrastructure
Biden Administration
Announces Nearly $1B in Bipartisan Infrastructure Law Funding Improving Airport Termin
'Start with the
Problem' LA Metro Has Advice for Tech Companies Trying to Partn
Summary:
Those whohave beenfollowingthe recordsurge inuspublicdebt(excludingthe roughly$100 trillionin
off balance sheetobligations),whichexplodedby$3 trillioninthe three monthsfollowingthe covid
shutdownsandwhichhitan all time high$26.547 recently,will be all tooaware thatthe us budget
deficitthisyearandeveryyearafterwill be staggering.The u.s.budgetdeficithasmore thandoubled
since 2015, withspendingforthe 2019 fiscal yearendinglastseptemberreaching$4.4 trillionversus
only$3.5 trillionbeingbroughtinthrough.The u.s.government’sdeficitinthe firstthree monthsof the
budgetyearwas a recordbreaking$572.9 billion,60.7% higherthanthe same periodayear ago,as
spendingtodeal withthe covid19 pandemicpushedoutlaysupwhilerevenue declined.(all figuresare

2. inu.s. dollars.).The previousdeficitrecordof $231.7 billionwassetinfebruary2012. the total deficit
shotpast $22 trillionforthe firsttime everinfebruary,or$2 trillionhigherthanwhentrumptookoffice.
The budgetdeficitskyrocketed39percentforthe fiscal yearcomparedtothe same periodyearonyear.
by wayof comparison,the februarydeficitis46 percentlargerthanthe governmentdeficit.
Source - https://www.otosection.com/budget-deficit-hits-record-as-u-s-spends-100-more-than/
1. GAO an Yemen - https://www.theguardian.com/us-news/2022/jun/15/us-yemen-human-
rights-abuses-gao-watchdog
2. GDP - https://www.cnbc.com/2022/07/07/goldman-slashes-gdp-forecast-for-the-second-
quarter-to-just-barely-above-water.html
3. State Income taxation - https://www.investopedia.com/financial-edge/0210/7-states-with-no-
income-tax.aspx
4. State - https://www.epi.org/blog/state-and-local-governments-have-made-transformative-
investments-with-american-rescue-plan-recovery-funds-in-2022-a-tighter-focus-on-working-
families-and-children-will-have-the-greatest-impact-going/
5. Pensions - https://www.pbs.org/newshour/politics/watch-live-biden-to-spotlight-rescued-
pensions-for-millions-during-visit-to-ohio
6. Drought- https://www.drought.gov/current-conditions
7. Urban planning– https://econofact.org/the-housing-shortage-and-the-policies-to-address-it
8. Climate change - https://highways.dot.gov/newsroom/biden-harris-administration-takes-step-
forward-combat-climate-change-announces-proposed
9. Infrastructure - https://infrastructurereportcard.org/gao-reports-highlights-opportunities-for-
the-national-earthquake-hazards-reduction-program/
10. Airports - https://www.transportation.gov/briefing-room/biden-administration-announces-
nearly-1b-bipartisan-infrastructure-law-funding
11. Transit- https://dot.la/public-transit-technology-2655759746.html?utm_campaign=post-
teaser&utm_content=6lw7tty7
12. Farmers- https://www.prnewswire.com/news-releases/farmer-sentiment-remains-weak-crop-
producers-contemplating-acreage-shifts-in-2023-301580038.html