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.
The fundamental problem was, and still is, that the U.S. government spends too much money.
The post With Little Fanfare the National Debt Blasts Past $32 Trillion 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.
A surplus sounds like good news, but digging into the data reveals that federal revenues are falling even as spending continues unabated.
The post Federal Tax Receipts Are Tanking But Federal Spending Isn’t first appeared on Tenth Amendment Center.
The founders and old revolutionaries used the word "depreciation" to describe what we call "inflation" today. Their way is much better - because when people understand that money is worth less (or worthless), it's much easier for them to understand the cause of the problem in the first place.
The post It’s not Inflation. It’s Depreciation. first appeared on Tenth Amendment Center.
I consider the withdrawal or transfer of those deposits in the face of all those assurances of the “soundness and resiliency” of the banking system to be a very positive and hopeful sign. It indicates that perhaps a large number of Americans are no longer sheeplings that place their blind trust in the fox.
The post A Positive and Hopeful Sign in the Banking Crisis 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.
The only thing that can actually keep them in check and stop this dystopian nightmare is opposition and resistance. Can states help get the job done? Too early to tell, but the time to push back is right now. Florida, New Hampshire, Missouri, and Texas with ideas and first steps.
The post CBDC: Can States Stop a Central Bank Digital Currency? first appeared on Tenth Amendment Center.
A massive crisis created by the government, perpetuated by the government. We’re all feeling the pains already today - but the government “solutions” are only guaranteed to make things much worse.
The post This is a Ticking Time Bomb first appeared on Tenth Amendment Center.
The idea is that people don’t have to worry about losing their money if their bank goes under because the federal government will use taxpayer money to reimburse them. Thus, knowing that their money is “insured” by the government, people have less incentive to rush to the bank to withdraw their money in the event of a potential bank failure.
The post The Bank-Run Phenomenon first appeared on Tenth Amendment Center.