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Red Ink Was by Far the Federal Government’s Biggest Revenue Source Last Month

Just last week Joe Biden again boasted that he’s slaying the deficit and the debt at a rate that no other president has ever done. Uh-huh. Here’s the latest budget picture from the Treasury (with a graph that is curiously out of scale).

CTUP senior fellow EJ Antoni noted: Interest on the debt was a whopping $61 billion in May, more than was spent on veterans benefits and services, education, and transportation COMBINED; interest costs were a quarter of the deficit last month.”

But don’t worry, Joe’s putting us back on the path to a balanced budget.

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