Biden Bombs: Record Taxes, Record Spending, Record Deficit

Federal taxes, federal spending and the federal deficit all set records in the first five months of fiscal 2021 (October through February), according to the Monthly Treasury Statement released today.

Federal taxes hit a record $1,436,334,000,000 for the October-through-February period; and federal spending hit a record $2,482,988,000,000. That resulted in a record deficit of $1,046,654,000,000.

This is the first time that the federal deficit has ever exceeded a trillion dollars in the first five months of the fiscal year.

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