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.
Money creation by the Fed is at the root of the problem, but they hide their responsibility by changing definitions.
The post Want to Fix Inflation? 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.
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.
According to a study by the National Priorities Project at the progressive Institute for Policy Studies, the U.S. has spent $21 trillion on “militarization, surveillance, and repression,” in the years since 9/11.
The post $21 Trillion Spent in the Two-Decade “War on Terror” 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.