Federal Funding
U.S. Money Supply Continues to Increase at Record Pace as Federal Reserve Backstops Government Spending
The federal government continues to borrow and spend at a staggering rate. On March 1, the national debt pushed above $28 trillion for the first time. This rate of borrowing wouldn’t be possible without the Federal Reserve monetizing the debt through...
Budget Deficit for Fiscal 2021 Already Over $1 Trillion
Just five months into fiscal 2021, the U.S.government has already run a budget deficit of over $1 trillion. And in a year of massive deficits, the U.S. federal government charted its biggest monthly shortfall of fiscal year 2021 in February. According to the Monthly...
Stimulus 3.0: Who’s Getting Paid and Who’s Paying Up?
On Wednesday, the U.S. House gave final approval to coronavirus stimulus bill 3.0. For those keeping score at home, that brings total stimulus spending approved during the pandemic to $5 trillion. So, what exactly is all of this money going to be spent on? And who is...
The Fed Enabling Biden and Congress’ Destructive Agenda
According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP). CBO also projected that this year’s federal deficit will be 2.3 trillion dollars, which is 900 billion dollars...