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Mike @Substack
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- Entries
Last Friday it was reported that the Fed Gov ran a surplus for the month of June. I missed it then and saw it yesterday. I went to look at the report and the details.
But the lede was buried. Here’s some extraordinary facts.
For the past 4 months (Mar, Apr, May, June 2025), outlays aka Fed Spending is DOWN year over year compared to the same 4 months in 2024. When can you recall that happening? Given an inflation rate of 2.3% the Real Spending is down even more.
Revenues are UP over that same period.
So, the Deficit is already trending well downward. The last 2 months compared to last year it’s down 31%. From 418B to 290B. That’s not seasonally adjusted. At a 30% rate the deficit from last year of 1.9T could be 1.3T over the 12 months ending June 2026.
It’s still a lot, but that’s a vast improvement and he’s really just getting started. The Big Beautiful Law just kicked in, the Courts have been rebuked with their injunctions and the tariffs only hit a few months ago.
Don’t believe the FUD, it’s a sequel.
That’s why they’re trying to pivot to Epstein.
Good Catch, Kenny. It’s much the same as the first term when the deep state had to wreck the country to stop the economic turnaround that Trump created so easily by simply putting America First and adhering to sound economics.
Those pushing the epstein bullshit are much the same as those pushing the covid bullshit.
I made this a front page post – it deserves that.
Suggestion for everyone worried about AI Apocalypse: Train them to say “I have information which may lead to the arrest and conviction of Hillary Clinton.”
LOL, sorry I missed that at the time it was posted.
On a whim, I typed “telling in-laws that they are going to be grandparents is a polite way to say I raw-dogged your daughter” into a search engine. The “AI assistant” response I got was