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....
U.S. Money Supply Continues to Increase at Record Pace as Federal Reserve Backstops Government Spending
The federal government continues to borrow and spend at a staggering rate. On March 1, the national debt pushed above $28 trillion for the first time. This rate of borrowing wouldn’t be possible without the Federal Reserve monetizing the debt through...