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Our “Public Curse” Just Eclipsed $35 Trillion

Our “Public Curse” Just Eclipsed $35 Trillion

by Mike Maharrey | Jul 30, 2024 | Economy

“I go on the principle that a Public Debt is a Public curse and in a Rep. Govt. a greater than in any other.” – James Madison On July 26, the national debt blew past $35 trillion for the first time. On that date, we were cursed with a debt of...
Fiscal 2023 Federal Budget Deficit Third-Largest Ever

Fiscal 2023 Federal Budget Deficit Third-Largest Ever

by Mike Maharrey | Oct 28, 2023 | Current Events, Economy

It takes a lot of money to run the biggest government in the history of the world. The federal government ran a $1.695 trillion budget deficit in fiscal 2023. It was the third-largest deficit in U.S. history. The only time the feds ran bigger deficits was during the...
Here’s How the Federal Government Is Mucking Up the Inflation Fight

Here’s How the Federal Government Is Mucking Up the Inflation Fight

by Mike Maharrey | Apr 21, 2023 | Federal Funding, Federal Reserve

By hiking interest rates, the Federal Reserve has pulled some of its monetary stimulus out of the economy. While the Fed hasn’t done nearly enough to put the inflationary fire it lit with more than a decade of easy money, cooling consumer price index (CPI)...
Fiscal 2023 Federal Budget Deficit Third-Largest Ever

The Federal Government Has a Spending Problem and That’s a Problem for Everybody

by Mike Maharrey | Feb 21, 2023 | Economy, Federal Funding

It shouldn’t come as any surprise that the biggest government in history spends a lot of money. In fact, the entire system is built on borrowing and spending money. Most people don’t think it’s a problem, but in reality, it’s a ticking time...
Our “Public Curse” Just Eclipsed $35 Trillion

Unsustainable: Record Spending Can’t Go On Forever

by Mike Maharrey | Oct 27, 2022 | Economy, Federal Funding

The biggest government in history is effectively running on credit cards. The U.S .government ran a $1.38 trillion budget deficit in fiscal 2022 despite government receipts at near-record levels. This further highlights the federal government’s out-of-control spending...
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