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.
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.
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.
Statists all across the United States, especially those within the mainstream press, are uncorking their champagne bottles today and celebrating the newest deal that lifts the debt ceiling.
The post What Debt Ceiling? first appeared on Tenth Amendment Center.
this entire topic is a beautiful example of the complete destruction of the original federal republic.
The post Can Biden raise the debt ceiling? 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.
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.