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Fiscal Insanity: The Government Borrows $6 Billion a Day, and Weโ€™re Stuck with the Bill

Fiscal Insanity: The Government Borrows $6 Billion a Day, and Weโ€™re Stuck with the Bill

by John Whitehead | Apr 12, 2023 | Current Events, Economy, Federal Funding

Weโ€™re not living the American dream. Weโ€™re living a financial nightmare. The U.S. government is funding its existence with a credit card. The governmentโ€”and that includes the current administrationโ€”is spending money it doesnโ€™t have on programs it canโ€™t afford, and โ€œwe...
The Federal Government Has a Spending Problem and That’s a Problem for Everybody

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...
Unsustainable: Record Spending Can’t Go On Forever

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 governmentโ€™s out-of-control spending...
A $31 Trillion National Debt Matters Much More Than Most Think

A $31 Trillion National Debt Matters Much More Than Most Think

by Mike Maharrey | Oct 8, 2022 | Federal Funding, Federal Reserve

On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: โ€œI can...
National Debt Eclipses $30 Trillion

National Debt Eclipses $30 Trillion

by Mike Maharrey | Feb 2, 2022 | Current Events, Federal Funding

The biggest, most powerful government in the history of the world is built on borrowing and money printing. And on January 31, the national debt quietly eclipsed $30 trillion. The U.S. government has run up debt at breakneck speed after raising the debt ceiling. The...
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