Government spending in fiscal 2020 reached $6.1 trillion by Aug. 31
Now, about Republicans restraining big government…
(From Nextgov)
The 2020 budget deficit now stands at $3 trillion through August—also a first, meaning the government has spent $3 trillion more than it has taken in this year—following 11 consecutive months of deficit spending compounded by the coronavirus pandemic. The current budget deficit is nearly twice as large as the previous highest deficit run in fiscal 2009 amid a national recession.
This article was originally posted here: https://www.ac2news.com/2020/10/government-spending-in-fiscal-2020-reached-6-1-trillion-by-aug-31/.
