The Fed Enabling Biden and Congress’ Destructive Agenda
According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP). CBO also projected that this yearโs federal deficit will be 2.3 trillion dollars, which is 900 billion dollars...
National Debt Blows Past $28 Trillion
On March 1, the U.S. national debt eclipsed $28 trillion with no end to the borrowing and spending in sight. It was just last fall that the debt surged above $27 trillion for the first time. In less than five months, Uncle Sam added another $1 trillion to its debt...
How the Federal Reserve Backstops Federal Government Borrowing and Spending
As I’m sure you know, Uncle Sam borrows billions of dollars every month. But I bet you don’t know who is lending the federal government all of this money. I’ll tell you upfront – the situation is less than ideal. Month after month, the federal...