CHART OF THE DAY: US Government Deficit Spending Accelerates

08/02/23 07:53AM EDT

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

Since Janet Yellen’s comments about the US Debt Downgrade are such a joke, I won’t waste any of my remaining precious life and/or Cycle Time on them this morning. I’ll just give you the 2 most basic economic facts:

  1. US Government DEFICIT Spending #accelerated +3.8% year-over-year in Q2
  2. US Government DEBT Issuance of an incremental $1.85 TRILLION was asked for post that ramp in spending

And she wants/needs you to believe that this US Debt Downgrade wasn’t based on any “recent” economic realities? LOL

 CHART OF THE DAY: US Government Deficit Spending Accelerates - wed

© 2025 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.