Welcome back 400 billion deficit, at least you got the $1.50 raise

[exGOPer]

Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year

 

[fan27]

https://twitter.com/x/status/959865653514686465

Looking at the chart, is it possible there is a lag between real time borrowing vs tax collection? Seems like you could not have an accurate reading until the quarter had completed and all borrowing/tax revenue was tallied up.

 

[jem]

If you look to the past... it took a year or 2 before the full effect of the tax cuts kicked in.

Looking at the chart, is it possible there is a lag between real time borrowing vs tax collection? Seems like you could not have an accurate reading until the quarter had completed and all borrowing/tax revenue was tallied up.

 

[exGOPer]

Looking at the chart, is it possible there is a lag between real time borrowing vs tax collection? Seems like you could not have an accurate reading until the quarter had completed and all borrowing/tax revenue was tallied up.

These are projected deficits based on budgets submitted to the treasury, they are very accurate in non-war times.