The National Debt Is Worse Than Advertised
Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. And there is no end in sight to the borrowing and spending. Just last month, the national debt eclipsed $28 trillion for the first time. But it’s even worse than...
Feds Run Biggest Half-Year Budget Deficit Ever
The Biden administration has continued the government spending spree of the Trump administration started and has even managed to speed it up. Never before has the federal government run a budget deficit this big through the first six months of a fiscal year. The U.S....
Budget Deficit for Fiscal 2021 Already Over $1 Trillion
Just five months into fiscal 2021, the U.S.government has already run a budget deficit of over $1 trillion. And in a year of massive deficits, the U.S. federal government charted its biggest monthly shortfall of fiscal year 2021 in February. According to the Monthly...