"The U.S. government posted a $145 billion budget deficit for December, up 67% or $58 billion from a year earlier due to record outlays that were inflated by calendar shifts in benefit payments and receipts, the Treasury Department said on Tuesday.
The report showed that revenue growth from President Donald Trump's tariffs may have plateaued, as December net customs receipts totaled $27.9 billion, down from the low $30 billion range in recent months but far above the $6.8 billion recorded in December 2024."
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US empire faces insolvency.
Trump is betting on using US military aggression and petrodollar extraordinary privilege to sustain the empire.
Meanwhile China now dominates the global productive economy enjoying 1.2Trillion dollar trade surplus despite Trumps protectionist tariffs.
The rest of the world is getting lower priced manufactured goods while USA and its citizens live in a modern version of Albania.
Trump is trying to adopt Chinas autocratic state capitalist model- betting on AI and military aggression.
The desperate last gasp attempt of a dying US empire to cling to its global hegemony...
Well, it certainly seems like they like to spend money.