The monthly budget statement
- Last August was $200B
- Fiscal year-to-date deficit $2.711T vs $3.007T a year ago
- August outlays $439B vs $423B a year ago
- August receipts $268B vs $223B a year ago
These numbers are daunting. Some debt limit talk is doing the rounds today and will continue to do the rounds. Rest assured, the US will pay its debts.
