Swordsmyth
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One month ago, when looking at the latest US Treasury income and spending, or as it is better known, deficit, data we found something shocking: the last months of the Biden admin were marked by spending unlike anything ever seen before, in fact, spending in the first six months of fiscal 2025 surpassed even the crisis 2020 and 2021 when the US injected trillions into the economy.
Then Elon Musk's DOGE came on the scene... and thing changed quickly.
Earlier today the Treasury published its revenue and spending report for the month of March, the first month when DOGE was fully operational, and the results were interesting. As shown in the chart below, in March total US government receipts were $368 billion, while spending totaled $528 billion.
The difference between how much money the US brought in vs how much it spent, means that in March the US budget deficit was $161 billion. Which sounds like a lot (it is) until you realize that in February the deficit was almost twice as much, or $307 billion. And compared to the $236 billion deficit a year ago, 2025 was a solid 32% lower.
How come? Well, first of all receipts rose 10.7% to $367.6BN. Which is good. But what was great is that spending, which has traditionally been the real problem, actually shrank by 7.1% to $528.2BN.
And this is where DOGE came in.
While various mandatory spending categories posted continued gradual increases - after all, these require an act of Congress to be revised - there was a huge, $45 billion drop in Income Security, from $105 billion in February to $60 billion in March, the largest one month decline since June 2021 as Elon ripped up much of the massive fraudulent fund flow network Democrats had established in recent decades and covered up simply as 'income security' (see "Elon Musk alleges $50B in fraud at Treasury after judge blocks DOGE audit", Elon Musk’s DOGE discovers millions in taxpayer dollars wasted on unemployment claims for ‘fake people’, Elon Musk Says DOGE Will Produce Savings Of $150 Billion In FY2026) when it really was a giant slush fund used for everything from graft, to corruption, to bribes, to paying leftist media for favorable coverage.
The result: the March US deficit was the lowest since 2020 before the covid crash, and down $76 billion from a year ago.
More at:
www.zerohedge.com
Then Elon Musk's DOGE came on the scene... and thing changed quickly.
Earlier today the Treasury published its revenue and spending report for the month of March, the first month when DOGE was fully operational, and the results were interesting. As shown in the chart below, in March total US government receipts were $368 billion, while spending totaled $528 billion.
The difference between how much money the US brought in vs how much it spent, means that in March the US budget deficit was $161 billion. Which sounds like a lot (it is) until you realize that in February the deficit was almost twice as much, or $307 billion. And compared to the $236 billion deficit a year ago, 2025 was a solid 32% lower.
How come? Well, first of all receipts rose 10.7% to $367.6BN. Which is good. But what was great is that spending, which has traditionally been the real problem, actually shrank by 7.1% to $528.2BN.
And this is where DOGE came in.
While various mandatory spending categories posted continued gradual increases - after all, these require an act of Congress to be revised - there was a huge, $45 billion drop in Income Security, from $105 billion in February to $60 billion in March, the largest one month decline since June 2021 as Elon ripped up much of the massive fraudulent fund flow network Democrats had established in recent decades and covered up simply as 'income security' (see "Elon Musk alleges $50B in fraud at Treasury after judge blocks DOGE audit", Elon Musk’s DOGE discovers millions in taxpayer dollars wasted on unemployment claims for ‘fake people’, Elon Musk Says DOGE Will Produce Savings Of $150 Billion In FY2026) when it really was a giant slush fund used for everything from graft, to corruption, to bribes, to paying leftist media for favorable coverage.
The result: the March US deficit was the lowest since 2020 before the covid crash, and down $76 billion from a year ago.
More at:
Code:
https://www.zerohedge.com/markets/march-deficit-unexpectedly-tumbles-5-year-low-doge-cracks-down-democrat-money-launderingMarch Deficit Unexpectedly Tumbles To 5 Year Low As DOGE Cracks Down On Democrat Money-Laundering Schemes | ZeroHedge
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