Deficit at an unsustainable 5% of economy

(CNSNews.com) - The U.S. Treasury hauled in a record of approximately $1,248,371,000,000 in tax revenues in the first five months of fiscal 2016 (Oct. 1, 2015 through Feb. 29, 2016), according to the Monthly Treasury Statement released today.

Despite these record tax revenues in the first five months of fiscal year, the federal government nonetheless ran a deficit of approximately $353,005,000,000 during the same period.

Do the numbers and we get a deficit of about 5% of GDP, and that level of deficit happens only before a recession.   The good news is that we will stabilize, at Italian growth levels, a dandy idea from the Kanosians.  Look to president Trump, and  blame New Yawk and California.