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US government records $160.3 billion April surplus
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US government records $160.3 billion April surplus
The federal government recorded a $160.3 billion surplus in April as revenues for the month jumped to an all-time high. But even with a flood of tax receipts, the deficit so far this year is running 37.7% higher than a year ago. https://apnews.com/ab14555ea31b4674a1a7f6e412d5db67 ![]() We show less advertisements to registered users. Accounts are free; join today!
If deficits don't matter than neither does a surplus. It's all just an accounting trick.
The point is that the only thing backing this "money" is faith.
“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato
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