Government reports $1.3 trillion budget deficit

The Obama administration said Friday the federal deficit hit a near-record $1.3 trillion for the just-completed budget year.

The following charts illustrate falling real revenues and surging outlays relative to revenues. While “the formula” has taken a back seat in recent months to other headlines, its consequences remain omnipresent through the local, state, and federal sector.

If you think gold has seen its run, my response is not a chance.

Real or Gold Adjusted Federal Total Receipts 12-Month Moving Average (TR12MA) AND Federal Total Receipts 12-Month Moving Average Year-over-Year Change (TW12MA12LN):


US Federal Budget (Surplus or Deficit As A % of GDP, 12 Month Moving Average) and Gold London P.M. Fixed:


Source: news.yahoo.com
Source: fms.treas.gov