So Congress hasn't voted on the proposed budget yet. The raw numbers is the Government is expected to spend 7 Trillion in the next year with 5.2 Trillion in revenue. So a 1.7 trillion budget deficit. This is the number the the Tariffs and the Budget cuts need to make up. Only problem is the IRS is expecting the collected revenue to be down 10% due to cut backs. I also expect lower revenue if layoffs continue as they are. My own company did a 10% RIF globally. But i wont bother calculating the layoffs in the rest. So now Revenue is 4.7 Trillion(47 how fitting) now pushing the deficit to 2.3 Trillion. Oh shit that hill just got a lot bigger boys. So lets talk these fucking tariffs. They have been placed on and off again over the past week. So since the Tariff was put in place up until it was pause was 10.35 Trillion. Double the initial estimates expected revenue. The pause was put in place and the market r...
Space Cadet
Political Commentary, opinion, bullshit