The spending didn't slow down as we kicked off fiscal 2023. The Biden administration blew through $406.37 billion in October.
The post Feds Take Up Where They Left Off; Run Another Big Deficit to Start Fiscal 2023 first appeared on Tenth Amendment Center.
I recently appeared on Conflicts of Interest with Kyle Anzalone to talk about Defend the Guard legislation and the national debt. While these may seem like totally unrelated subjects, they both tie into America's unconstitutional war machine.
The post Taking on the American War Machine first appeared on Tenth Amendment Center.
The federal government is rolling in dough. But it's digging itself deeper into debt.
The post Despite Historically High Tax Receipts Feds Still Digger Deeper into Debt first appeared on Tenth Amendment Center.
As the antifederalist write Brutus wrote, a national debt that can never be discharged is "a calamity."
The post The National Debt is a Calamity first appeared on Tenth Amendment Center.
Washington, Jefferson, Madison - their warnings on a massive, permanent national debt have been totally ignored. And until they're heeded, things are only going to get much, much worse.
The post The National Debt is a National Curse first appeared on Tenth Amendment Center.
Something has to give. The Fed can’t simultaneously fight inflation and prop up Uncle Sam’s spending spree. Either the government will have to cut spending or the Fed will have to keep creating money out of thin air in order to monetize the debt. You can decide for yourself which scenario you find more likely.
The post More of the Same: Feds Run Another Big Budget Deficit in August first appeared on Tenth Amendment Center.
When we allow the government to tax, borrow and print money for all of its unconstitutional act, we're not just screwing ourselves.
The post We’re Hosing Our Kids first appeared on Tenth Amendment Center.
There is no sign the U.S. government is going to get its spending problem under control. Last month, the feds ran the second-largest July budget deficit in history.
The post Feds Run Second-Biggest July Deficit in History first appeared on Tenth Amendment Center.
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.
Brutus called a national debt "exceeding their ability ever to discharge” a calamity. But he was far from alone.
The post National Debt: A Calamity Upon Us first appeared on Tenth Amendment Center.