U.S. Government Spent 51% More Than It Took In Last Month

President Trump is happy that tariff taxes reaped by the government continue to grow.

For August, the U.S. government collected $30 billion in tariffs.

That’s good news if you’re a government bean counter.

However, tariff revenue still only makes up 10% of total government revenue. Back in April, Trump flirted with the idea that tariffs could lower or eliminate income taxes.

Politically, the idea sounds great.

In reality the numbers don’t come close.

The $344 billion the government collected from all forms of taxes last month is just 49% of the $689 billion it spent:

Turn Your Images On

The U.S. continues to run massive peacetime deficits. (Source: U.S. Treasury)

In other words, the government spent more than half of the money again, as much as it earned last month. Imagine how long spending like that would last if it were your family budget.

This week, the semi-annual budget theatre returns to Washington, D.C. House Speaker Mike Johnson will be making his rounds trying to justify another continuing resolution to keep the government open. All the while, the hard math of demography will grind away at the fabric of U.S. empire.

~ Addison

P.S. Politics are exerting pressure on money market funds, too.

This week on Grey Swan Live! with Adam O’Dell – at 2 p.m. ET, Thursday, September 18, 2025 — we’ll be investigating the $10 trillion pile of cash sitting on the sidelines during the terrifying bull market on Wall Street.

Mr. O’Dell has been warning investors how impending changes to monetary policy are going to force savers out of cash and into the markets… or gold. More details to come. Sign up now to become a member and join us for this week’s call.

If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

President Trump is happy that tariff taxes reaped by the government continue to grow.

For August, the U.S. government collected $30 billion in tariffs.

That’s good news if you’re a government bean counter.

However, tariff revenue still only makes up 10% of total government revenue. Back in April, Trump flirted with the idea that tariffs could lower or eliminate income taxes.

Politically, the idea sounds great.

In reality the numbers don’t come close.

The $344 billion the government collected from all forms of taxes last month is just 49% of the $689 billion it spent:

Turn Your Images On

The U.S. continues to run massive peacetime deficits. (Source: U.S. Treasury)

In other words, the government spent more than half of the money again, as much as it earned last month. Imagine how long spending like that would last if it were your family budget.

~ Addison

P.S. Politics are exerting pressure on money market funds, too.

If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

As Bitcoin’s price has risen, it now trades for around $115,000, MicroStrategy’s stock has experienced an even greater parabolic rise.

Today the company, renamed Strategy, has a market cap of $103 billion – and investors have seen returns of more than 2,400% in a little over 5 years.

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And for those who missed it, I believe you could have a rare second chance.

Ultimately, as the one-two punch of “bad news equals good news on Wall Street” – inflation and employment data – kicked retail investors into gear, all three major indexes nudged to new record highs.

The S&P 500 is now up 31% in just five months, the third-largest five-month gain in the last two decades.

The old Wall Street saying, “The trend is your friend,” has played out beautifully over the past few months—at least in the stock market.

However, on Main Street, consumers are starting to show signs of tapping out. And as they do, the trend on Wall Street could reverse suddenly.

One source of alternative data showing consumer stress? Google search trends.

It’s one of those rare situations Warren Buffett would describe as “raining gold”… when all you have to do is step outside if you want to get rich. And it’s the type of setup Erez has built his entire investing career around.

The type of opportunity with the potential to make you a small fortune.