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.
In his 8th essay, Brutus looks at the combined powers to borrow money, to lay and collect taxes, and to raise and support armies as a trifecta that would lead to the destruction of liberty.
The post Armies, Debts and Taxes: Antifederalist Brutus No. 8 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.
Thomas Jefferson gave us the blueprint for dealing with the national debt.
This is the example modern presidents should follow.
The post Presidents Acting Like College Freshman With a New Credit Card 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. On today’s Good Morning Liberty, Michael Boldin (follow) covers this, plus the fact that Social Security […]
We all know the U.S. government has a debt problem. This raises a couple of questions most people seem to be ignoring. Who’s going to finance all of this debt and what will it mean to the economy? The national debt increased by $1.27 trillion in fiscal 2018. If you expected the pace of borrowing […]
While all eyes are distracted by the Kavanaugh political circus, other things keep getting worse.
WASHINGTON (Oct. 2, 2018) – America has a major spending problem. 2018 was one of the worst in history. Sept. 30 marked the end of the federal government’s 2018 budget year. According to data released by the U.S. Treasury Department, the federal debt grew by nearly $1.3 trillion in fiscal 2018 – $1,271,158,167,126.72 to be exact. […]
Donald Trump said he was going to drain the swamp. Instead, we got a swamp that’s bigger and more expensive than ever!