“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
The federal government seized from the American people almost $5 trillion ($4.896119 trillion) in fiscal year 2022 (Oct. 1, 2021 through Sept. 30, 2022), according to The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS),...
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...
“A psychotic world we live in. The madmen are in power.” —Philip K. Dick, The Man in the High Castle If we haven’t learned by now, we should beware of anything the government insists is for our own good. Take the Biden Administration’s Infrastructure Investment and...
Not surprisingly, both houses of Congress approved another increase in the debt ceiling and have sent the bill to President Biden, who will most assuredly sign it. The bill raises the debt ceiling to $31.5 trillion. This debt ceiling is expected to last through the...
With economies shut down and the U.S. government spending trillions in response to the coronavirus pandemic, the federal government ran a record $3.13 trillion deficit in fiscal 2020. The pandemic eased and economies opened back up in fiscal 2021, and you would expect...