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Scott Anderson
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I am a bored corporate accountant who has been following the debt/deficit issue personally for nearly a decade. A few years back, looking for a better understanding of the US deficit, I stumbled across the Daily Treasury Statement, which is essentially a daily cash flow statement for the US... More
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US Daily Deficit
  • Govt Spends $80B On Sequestration Day 1 0 comments
    Mar 5, 2013 1:25 PM

    I just thought everyone might be interested that on 3/1/2013...the first day of the sequester, the US government outlays...including tax refunds totaled $80B....so in one day, we spent almost the same amount as the sequester is supposed to save in a year. Read more here

    Oh...and here's a pretty chart: add $5B in refunds to the $75B of outlays to get to $80B

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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