US Budget Deficit Soars By 50% In December As Fiscal Collapse Under Biden Accelerates

• US Budget Deficit Soars By 50% In December As Fiscal Collapse Under Biden Accelerates
  by Tyler Durden, https://www.zerohedge.com/
  Remember when we showed that the “stealth” secret sauce behind Bidenomics was nothing more than a massive, multi-trillion debt-fueled spending spree, which led to the biggest peacetime, non-crisis budget deficit in US history, with the total deficit for fiscal 2023 ending just over $2 trillion, or double the prior year, something which BofA’s Michael Hartnett called the “era of fiscal excess”?
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  Well, we have news for you: if 2023 was bad, 2024 – an election year of course – is shaping up to be far worse.
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  Moments ago the US Treasury reported the budget deficit picture for December and it will come as no surprise to anyone that the US has continued to spend like a drunken sailor, or rather, even more. As shown in the chart below, in the month of December, the US collected $429 billion through various taxes, while total outlays hit $559 billion…
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