The U.S. government's budget deficit has already hit $830 billion with 7 months left in the fiscal year 2024 while the federal revenue is up compared to the same period of fiscal year 2023.
The U.S. Treasury says that federal spending is up by $227 billion this fiscal year compared to the same period of fiscal year 2023.
The CBO is projecting a $1.6 trillion deficit for fiscal year 2024 and a $1.8 trillion deficit for fiscal year 2025.
As the deficit continues to rise, House Speaker Mike Johnson, R-La., is currently weighing how much foreign aid to provide Ukraine, Israel and Taiwan.
Some conservative Republicans aren't satisfied with reports that Johnson is considering multiple options for providing Ukraine with additional war funding.
"Speaker Johnson is going to give Ukraine $60 billion next week and claims part of it is a 'LOAN' to Ukraine. It's absolutely ridiculous and laughable to even try to tell the American people that Ukraine will ever pay us back! Our government funds Ukraine's government at $1 billion every single month just to keep their government running," wrote Rep. Marjorie Taylor Greene, R-Ga., on X Tuesday.
"We are even paying their pensions! But there are two countries that could afford to pay us back. Israel and Taiwan. Why are we giving them money for free for the defense of their countries yet"loaning" money to broke and corrupt Ukraine?? Why isn't our government brokering peace in Ukraine? The American people are NOT stupid and are sick of being fed these BS scams," she added.
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