Meanwhile, the federal government continues to spend money as if it has a printing press. The Biden administration blew through over half-a-trillion dollars last month alone. This brought total spending for fiscal 2022 to just over $4.4 trillion.
The post Influx of Tax Revenue Papering Over Federal Government Spending Problem first appeared on Tenth Amendment Center.
After running a budget surplus in April thanks to an influx of tax-day tax receipts, the federal government reverted back to deficit spending in May.
The post Big Government Spending Pushes Budget Back into Deficit Mode first appeared on Tenth Amendment Center.
The U.S. government ran a $170.64 billion budget deficit in August, pushing the total fiscal 2021 budget shortfall to $2.71 trillion with one month to go, according to the latest Monthly Treasury Statement.
The post Federal Spending Unabated; Deficit Continues Relentless Growth first appeared on Tenth Amendment Center.
After a briefly shrinking for two in May and June thanks to IRS tax collections, the U.S. government budget deficit ballooned again in July, hitting the third-highest number of fiscal 2021.
The post July Budget Deficit the Third Biggest of 2021 first appeared on Tenth Amendment Center.
The Republican “Party of Fiscal Responsibility” continues to rack up debt at a staggering rate. The U.S. Treasury plans to borrow another $425 billion in the final quarter of 2018, bringing total borrowing for the year to $1.34 trillion, according to a Treasury Department press release. When it’s all said and done, the level of borrowing in […]
I definitely make mistakes on occasion. Today I made one when a broadcast information about an upcoming meeting. My apologies to all for my error and any confusion I’ve caused. To clarify, the meeting is: Monday, January 10th 7:00pm – 8:30pm The location is in Lincoln. As explained in my original post, it doesn’t seem [...]
By Shelli Dawdy As the Wall Street Journal reported on Friday, the federal government ended November as the 26th month in a row spending more money that it had taken in (by $150.4 billion) and the most recent projections available mean Fiscal Year 2011 could reach a new record $1.5 trillion deficit, topping the 2009 [...]
Requesting Action From Nebraskans Concerned about State Spending and Taxes Tuesday, June 29 Legislative Budget Meeting 9am State Capitol, Room 1113 1445 K St., Lincoln There will be a legislative committee meeting led by Speaker Mike Flood regarding the projected state budget shortfall Tuesday, June 29. We are asking all who are concerned about the budget shortfall and taxation who [...]