With two months left to go, the deficit for fiscal 2023 now stands at $1.61 trillion, after the federal government charted another massive shortfall in July.
The post Big-Spending U.S. Government Running Recession-Like Budget Deficits first appeared on Tenth Amendment Center.
This is an unsustainable trajectory, especially in a high-interest rate environment.
The post 2023 Budget Deficit Already Bigger Than Last Year’s formerly https://blog.tenthamendmentcenter.com/2023/07/2023-budget-deficit-already-bigger-than-last-years/ first appeared on Tenth Amendment Center.
With the debt ceiling deal done, most people think, "Problem solved." But the deal didn't solve anything. In fact, it made things worse.
The post The Debt Ceiling Deal Solved Nothing; It Made Things Worse first appeared on Tenth Amendment Center.
In May, the federal government piled another $240.3 billion onto the fiscal 2023 deficit, running it to $1.38 trillion with four months left to go
The post 2023 Budget Deficit Now Well Over $1 Trillion first appeared on Tenth Amendment Center.
Thomas Jefferson called the public debt, “the greatest of the dangers to be feared.” As he put it, we have a choice “between economy and liberty, or profusion and servitude.”
The post A Massive National Debt Steals Our Independence first appeared on Tenth Amendment Center.
Supporters of the monster state want you to believe that unless the “debt ceiling” is raised - yet again - we’ll have absolute chaos. But the truth is, it’s actually the other way around.
The post The National Debt is a National Calamity first appeared on Tenth Amendment Center.
They sure don’t make Secretaries of the Treasury like they used to. That becomes obvious the moment you compare the views of Albert Gallatin - who served under both Thomas Jefferson and James Madison - vs Janet Yellen - or anyone else in modern times, for that matter.
The post Treasury Secretary Battle: Gallatin vs Yellen (and everyone else?) first appeared on Tenth Amendment Center.
One of the most insidious ways you pay is through the inflation tax.
The post You Pay for Big Government One Way or Another first appeared on Tenth Amendment Center.
That’s exactly how James Madison described it. And today, it’s obvious he was right.
The post The National Debt Is a National Curse first appeared on Tenth Amendment Center.
Don't be surprised -- they're lying to you! There is no debt ceiling!
The post They Are Lying About the Debt Ceiling first appeared on Tenth Amendment Center.