Another Huge Budget Shortfall for the Feds
The U.S. government ran another huge budget deficit in April. The shortfall came in at $225.58 billion, running the total budget deficit through the first seven months of fiscal 2021 to a record $1.9 trillion, according to the Treasury Department’s Monthly Treasury...
Unconstitutional Debt and Future Generations
Earlier this week, President Joseph R. Biden Jr. asked Congress to raise taxes and increase borrowing so his administration can spend $2.3 trillion – on top of the $1.9 trillion Congress authorized two months ago for so-called COVID relief – for thousands...
Trump Administration Runs Yet Another Really Big Deficit in November
The Trump administration kicked off fiscal 2021 with the biggest October deficit in history. But with the first of November falling on a weekend, some November spending got shifted into October, inflating that month’s deficit. Now that we have the November...