US Budget Deficit Climbs 17% to $367B on Calendar Payment Shifts (Connecting the Dots: Treasury Department, Timothy Geithner & Soros Funding, All Networking)
Newsmax.com
Wednesday,
11 December 2024 02:55 PM EST
https://www.newsmax.com/finance/streettalk/u-s-budget-deficit-367-billion/2024/12/11/id/1191297/
The
U.S. government posted a $367 billion budget deficit for November, up 17% from
a year earlier, as calendar adjustments for benefit payments boosted outlays by
some $80 billion compared to the same month in 2023, the Treasury Department
said Wednesday.
The
Treasury Department said that without the acceleration of
December payments for the Medicare and Social Security programs into November,
the deficit last month would have been about $29 billion, or 9% lower than last
year.
The
health care and pension programs for seniors are two of the government's
largest expenditure items.
But
as reported, the November deficit was a record high for that month. Receipts
and outlays also were record highs for the month of November, with receipts up
10% to $302 billion, and outlays up 14% to $669 billion.
The
deficit for the first two months of the 2025 fiscal year also was a record high
for that period — higher than the deficits of the COVID-19 era — reaching $624
billion, up $244 billion, or 64%, from the same period a year earlier. The
government's fiscal year starts on Oct. 1. Those deficits were also inflated by
calendar-related benefit shifts as well as higher receipts in October and
November of 2023 due to the expiration of tax payment deferrals tied to
California wildfires and other weather-related disasters that year.
Year-to-date
receipts as reported were down 7% from a year earlier to $629 billion, while
year-to-date outlays were up 18% to $1.253 trillion.
The
outlays for the first two months of the fiscal year included a $4 billion, or
30%, increase in Department of Homeland Security spending to $19 billion,
largely reflecting Federal Emergency Management Agency spending related to
recent hurricanes.
But
the Treasury's interest cost on public debt for the fiscal year's first two
months was flat at $169 billion, despite a $7 billion increase for November.
Connecting
the Dots:
Internal Revenue
Service (IRS) is
a division of the U.S. Department of the Treasury.
Charles O.
Rossotti was
a commissioner for the Internal Revenue Service (IRS) and is a
director at the Atlantic Council of the United States (think tank).
Open
Society Foundations was a funder for the Atlantic Council of
the United States (think tank).
George
Soros is
the founder & chairman for the Open Society Foundations.
Timothy D. Adams is a
director at the Atlantic Council of the United States (think tank)
and was an undersecretary for the U.S. Department of the Treasury.
David D. Aufhauser is a
director at the Atlantic Council of the United States (think tank)
and was a general counsel for the U.S. Department of the Treasury.
James A. Baker III is an
honorary director at the Atlantic Council of the United States
(think tank) and was a secretary for the U.S. Department of the
Treasury.
Kenneth W. Dam is a
lifetime director for the Atlantic Council of the United States (think
tank) and was a deputy secretary for the U.S. Department of the
Treasury.
Stuart E. Eizenstat is a
director at the Atlantic Council of the United States (think tank)
and was a deputy secretary for the U.S. Department of the Treasury.
Robert M. Kimmitt is
a director at the Atlantic Council of the United States (think tank)
and was a deputy secretary for the U.S. Department of the Treasury.
George P. Shultz is an
honorary director at the Atlantic Council of the United States (think
tank) and was a secretary for the U.S. Department of the Treasury.
Herbert M. Allison
Jr. was
a director at the Atlantic Council of the United States (think tank)
and an assistant secretary at the U.S. Department of the Treasury.
Teresa M. Ressel was a
director at the Atlantic Council of the United States (think tank)
and an assistant secretary at the U.S. Department of the Treasury.
Timothy F.
Geithner is
a director at the International Rescue Committee, was a secretary
for the U.S. Department of the Treasury, an overseer at the International
Rescue Committee and is a director at the International Rescue
Committee.
Foundation
to Promote Open Society was a funder for the International
Rescue Committee.
George
Soros was
the chairman for the Foundation to Promote Open Society.
ONE Campaign is a partner
with the International Rescue Committee.
Michelle Obama was an
advocate for the ONE Campaign, the first lady for the Barack
Obama administration and is married to Barack Obama.
Madeleine K.
Albright was
an overseer at the International Rescue Committee, an honorary
director at the Atlantic Council of the United States (think tank) an
advisory board member of the Truman National Security Project and
the president of the Center for National Policy.
Stuart E.
Eizenstat is
a director at the Atlantic Council of the United States (think tank)
and was a deputy secretary for the U.S. Department of the Treasury.
R. Hunter Biden is a
director at the Truman National Security Project, a director at
the Center for National Policy and Joseph R. Biden
Jr’s son.
Kamala D. Harris is an
advisory board member for the Truman National Security Project an
advisory board member for the Center for National Policy and
vice president of the Joseph R. Biden Jr administration.
Resources:
Past Research
Rep.
Ken Buck on D.C.’s Swamp: Politicians Are ‘Bought with Taxpayer Dollars’
(Researchers Note: Follow the Money!) (Past
Research on the U.S. Department of the Treasury)
Saturday,
April 15, 2017
https://thesteadydrip.blogspot.com/2017/04/rep-ken-buck-on-dcs-swamp-politicians.html
Smaller
Bites - Internal Revenue Service (IRS) (Connecting the Dots: IRS, The U.S.
Department Of The Treasury & The Soros Funded Think Tank) (Past Research on the U.S. Department of the Treasury
& Timothy Geithner)
Thursday,
October 20, 2022
https://thesteadydrip.blogspot.com/2022/10/smaller-bites-internal-revenue-service.html
Most
Post-WWII German Justice Officials Were Former Nazis: Study (Past Research on the ONE Campaign)
Monday,
October 10, 2016
https://thesteadydrip.blogspot.com/2016/10/most-post-wwii-german-justice-officials.html
Madeleine
Albright, 1st Female US Secretary of State, Dies at 84 (Connecting Her Dots In
The Soros Network) (Past Research on Madeleine
Albright, Kamala Harris & Hunter Biden)
Thursday,
March 24, 2022
https://thesteadydrip.blogspot.com/2022/03/madeleine-albright-1st-female-us.html
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