$736B national deficit dwarfs 2020 numbers

Posted on AllSides February 10th, 2021
From The Right

For the first third of the 2021 fiscal year, the national deficit jumped to $736 billion as coronavirus spending took its toll on the federal government, the Treasury Department announced Wednesday.

The large sum is roughly 89% higher than the same four-month period in 2020, representing the time before COVID-19 reached the United States. January 2021 added roughly $163 billion to the deficit, the majority of which came from Social Security, health expenditures, and income security payments.

In the four months combined, the government spent roughly $435 billion on income...

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