U.S. Daily Cash Deficit, Sept. 19, 2014

By Scott Anderson of US Daily Deficit
Friday, September 19, 2014 7:39 PM EST

The US Daily Cash Deficit for Thursday 9/18/2014 was $2.7B, bringing the September surplus through 18 days to $41B.

2014-09-18 USDD

Taxes not withheld took a $1B step back which is curious, but they still hold a $2.7B 7.3% lead over September 2013, so it’s probably just an anomaly. There is still plenty of time left for it to go either way, but it’s not looking like it will match the +30% we are still seeing in corporate taxes.

In other news….I haven’t discussed Medicaid in a while. After running hot all year, including a 36% YOY increase in July, August took a breather posting only a 2% gain. Eighteen days into September 2014 it’s looking like it will be another bad month with a 25-30% gain if current trends hold. That pencils out to about $5B increase per month…$60B annualized….outpacing even Social Security, a program more than twice its size.

Disclosure: None.

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Moon Kil Woong • 11 years ago • Contributor's comment
LOL don't worry, Obama will cave on military spending to get Republican deficit support to continue his massive public sector overxpenditures which strangles the private sector. Barring that he will, blame the Republicans for a economic cyclical downturn which is way overdue and will be worse thanks to the pump priming and government over expenditure years after the last downturn. Thanks Scott for keeping up on this. Indeed government obligations already far exceed its ability to pay without subjugating the public to more taxation.