Federal Spending Is Even Worse Than Advertised
Uncle Sam ran the biggest budget deficit in seven years in fiscal 2019, according to the Treasury Department. The $984 billion deficit amounts to 4.7 percent of GDP. That’s the highest percentage since 2012. It was the fourth consecutive year in which the deficit...
More Excuses While Feds Run Biggest Deficit in Seven Years
The Trump administration has outdone itself. After running up the biggest deficit in six years in fiscal 2018, the U.S. government managed to increase that massive budget shortfall by 26 percent in 2019. The Treasury Department released the fiscal year 2019 budget...