US Government Runs Budget Surplus In August, But… | ZeroHedge
Authored by Michael Maharrey via SchiffGold.com,
The federal government charted a surprising budget surplus in August…
…but don’t be fooled. The feds didn’t miraculously fix their deficit problem.
The Biden administration continued to spend money at an unsustainable pace last month.
The surplus was merely a function of the reversal of student loan forgiveness.
Officially, the US government recorded an $89.26 billion surplus deficit in August, (more…)