Time is up to realize that the current economic model based on consumerism, indebtedness, creeping unemployment, product waste, resource dilapidation and dilution of the social nets may well provide the lucky few with awesome opportunities but, despite all the magic of the finance wizards, it is doomed – we need something deeply different. Amazingly the only route out of the crisis that the experts are capable of devising is more of the same, with a keynesian touch. The neo-liberal economics model, unable to continue creating value, runs straight into the wall. Airports, harbors and railway terminals are intermittently empty. Unemployment (and concomitant labor shortage) is surging. A growing number of households have a hard time making ends meet, and a huge percentage of them may lose their homes soon. Central banks pour diluvian torrents of phantom money in the economy. The crisis knocked down all the economic fundamentals. One wonders how things will shape up in the near future. It cannot be ruled out that a new world war with incalculable consequences could break out. The economic effects of this proxy war are already being felt around the world. And without losing a single American life, because it is Ukraine that provides the cannon fodder. After the Afghan fiasco, the USA could finally record a nice victory. The pandemic took just three months to turn the tables of the world economy, brutally exposing its frailties.Īs if one evil were not enough, at the beginning of 2022, the USA succeeded in getting Russia to embark on a military adventure which Washington hopes will bleed the Russian forces dry. and elsewhere, exception made of the ultra-rich and of the opportunistic profiteers. The future looks ominous for the average US taxpayer, and for that matter, for everybody in the U.S. The gap between GDP and a skyrocketing federal debt is taking a gargantuan shape. The covid-19 pandemic is taking its toll on the U.S. More debt clocks: US Gross Federal Debt Outstanding US External Debt Portugal Government Debt Portugal External Debt Calibrated from data from US Department of Treasury. Until then estimates actual outlays by " subfunction" for FY 2022 by factoring subfunction budgeted amounts for FY22 by the ratio between relevant actual and budgeted " function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.(US GDP was $ 24,382.7 billion, as of end of Q1 FY2022).
Subfunction amounts don't get reported until the FY24 budget in February 2023. Government, September 2022 and Other Periods".
Summary of Receipts by Source, and Outlays by Function of the U.S. But the Monthly Treasury Statement only includes "Table 9. This MTS report on FY 2022 actuals is a problem for because this site uses Historical Table 3.2-Outlays by Function and Subfunction from the Budget of the United States as its basic source for federal subfunction outlays. The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2022 and Other Periods." This table of receipts by source is used for to post details of federal receipt actuals for FY 2022. now shows the new numbers for total FY 2022 total outlays and receipts on its Estimate vs. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2023 federal budget published in February 2022: Federal Finances On October 21, 2022, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2022 ending September 30, 2022, was $x,xxx billion.
0 kommentar(er)
