Bidenomics in numbers: November witnessed a US budget shortfall of $314.01 billion, marking a significant 26% (!) uptick from the deficit in November 2022. Merely two months into fiscal 2024, the federal government finds itself burdened with a daunting $380.58 billion in red ink, following the third-largest annual budget deficit in history - we'll see exponencial growth, at least here...

Contrary to the prevailing trend, government revenue experienced an encouraging surge, reaching $274.83 billion, up from $252.11 billion in November 2022. This positive deviation from declining receipts, however, comes against the backdrop of a warning from CBO analysts, predicting a 9.3% fall in government receipts in fiscal 2023.

With the Fed Pivot it's save to say that the spending party won't end any time soon. The comeback of free market capitalism will have its day.

Interest payments on US debt