Economy
Trump Runs Biggest October Budget Deficit in History
If you thought maybe the federal government would try to rein in the spending after running a recorded budget deficit of $3.13 trillion in fiscal 2020, you were sorely disappointed. Donald Trump and Company have not kicked his spending habit. October was the first...
Trump 2020 Deficit More Than Doubles Obama’s Previous Record
The fiscal 2020 budget shortfall totaled $3.13 trillion as the Trump administration added another $124.6 billion to the deficit in September, according to the latest Monthly Treasury Statement. That more than doubles the previous record deficit of $1.4 trillion set...
The Trump Administration Has Added More Than $7 Trillion to National Debt
The Trump administration has added more than $7 trillion to the national debt – in less than four years. The national debt surged above $27 trillion on Oct. 1. It barely even got a mention in the mainstream media. The U.S. government has added over $3 trillion...
Debt is the Real Pandemic
According to the Congressional Budget Officeโs (CBO) latest โUpdate on the Budget Outlook,โ this yearโs $3.3 trillion federal deficit is not just three times larger than last year: it is the largest federal deficit in history. The CBO update also predicts that the...