Just Plain Nuts! Record Federal Deficit In May At Top Of Record 119 Month Expansion Cycle

Another month, another frightening jump in the US budget deficit. And this time with a record surge in government spending to boot. According to the latest Treasury data, the US budget deficit in May – not a traditionally high-spending month for the US government – was a whopping $208 billion, missing the $200 billion deficit expected, and well worse than the $147 billion deficit recorded last May.