Condor Resources Inc V.CN

US October Federal Deficit

[Crashcomingsoon]

U.S. October budget deficit jumps to $257 billion, handing hole to Trump | Reuters

My Comment:  Trump's Department of Government Efficiency headed by Musk claims to be able to cut Federal Spending by $2Trillion through reducing government employment and departments and through eliminating some government programs and ending the war in Ukraine,  But Trump will also be spending more with immigration and will have reduced revenues from tax cuts. We'll see how this turns out, but I suspect deficit reduction will be difficult and even impossible once the economy succumbs to recession.

Many of the PM mining shares were flat to up today despite a further drop in the PMs.  Finally some green on the screen.  We just need Condor to get those permits and to start drilling.

[Crashcomingsoon]

US Deficit Explodes: Blowout October Deficit Means 2nd Worst Start To US Fiscal Year On Record | ZeroHedge Excerpts: However, don't expect this decline in interest spending to persist because even though the Fed has cut rates twice since September, this has been more than offset by the surge in debt which at last check was just shy of $36 trillion, and unless Elon's Department for

[Crashcomingsoon]

Also, Trump's tax cuts will mean lower revenues. If entitlements are off limits, as promised by Trump, then deficit reduction will be very difficult. Entitlemet expenditures, which represent the bulk of government spending, will only increase as more people retire and as inflation remains elevated.