Federal Funding
Smashing Records: June Monthly Budget Deficit Bigger Than All Years Except Five
The federal budget deficit for the month of June alone totaled nearly the entire 2019 fiscal year shortfall and would rank sixth largest-ever if it were a yearly deficit. The June deficit came in at $864.1 billion dollars, according to the latest Treasury Department...
The Federal Reserve: The Engine that Powers the Most Powerful Government in History
The Federal Reserve serves as the engine that makes all of the U.S. government’s unconstitutional spending possible. Without the Fed, the entire system would collapse. Case in point, in March and April of this year, the Federal Reserve effectively monetized 100...
The Profitability of Amtrak Is Not the Issue
In addition to the federal governmentโs departments, such as Energy, Interior, and Education; and independent agencies, such as the CIA, FCC, and EPA; there exist government quasi-corporations, such as the Corporation for Public Broadcasting (CPB), the Federal Deposit...
No. Americans are Definitely not Undertaxed
According to the Tax Foundation, Tax Freedom Day โis the day when the nation as a whole has earned enough money to pay its total tax bill for the year.โ Tax Freedom Day โtakes all federal, state, and local taxes and divides them by the nationโs incomeโ; that is,...