The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30. A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%. read more
"Guess who paid for this surplus?
#12 | Posted by AMERICANUNITY"
Chinese manufacturers and middlemen - NOT US consumers as clearly shown in the inflation data that shows Core inflation right now at an annualize rate of 1.6% and Total inflation at 0.8% - those American workers got the largest boost in real wages (wage gain net of inflation) in the last 60 years.