Chart below illustrating the YoY trend in US Treasury spending thru the end of FY 2014 just ended September 30.
No good news to report here, we couldn't come up with any FYoY growth in net spending, 2014 ended at about $4.186T or about $14B lower YoY than 2013.
And this in light of Fed policy of QE that saw 10s of $billions more of UST and MBS interest remitted back to the Treasury and thus made unavailable to the non-government sector either as a net inflow or intra-sector flow. So it is even worse than this illustration makes it appear.
1 comment:
Ever seen a person grow ... while shrinking their blood supply?
Neo-Liberals say it's the ONLY way to grow (the USA)
Doh!
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