Another Month, Another Huge Deficit for Our Children & Grandchildren to Inherit

With total revenues of $153 billion and spending of nearly $219 billion, the Federal government spent +43% more than it took in this month for its record 18th straight monthly deficit.

Believe it or not, this month's $65 billion shortfall was the 4th lowest over the last 12 months.

The Wall Street Journal reported in April that when all is said and done, the total cost of the TARP Bailout was likely to reach $89 billion.

When the Federal government runs $65 billion in the red during its normal course of business, $89 billion to avert the collapse of the entire financial system doesn't seem so bad.

Chart and commentary courtesy of Bespoke Investment Group
http://www.bespokepremium.com/