More Excuses While Feds Run Biggest Deficit in Seven Years
The Trump administration has outdone itself. After running up the biggest deficit in six years in fiscal 2018, the U.S. government managed to increase that massive budget shortfall by 26 percent in 2019. The Treasury Department released the fiscal year 2019 budget...
Half-Trillion in One Month: Borrowing us into Oblivion
The fiscal year budget deficit surged passed $1 trillion last month. Spending deficits necessarily mean more government borrowing and we’re seeing that in the numbers as well. Uncle Sam’s outstanding public debt grew by $450 billion in August alone. The national debt...
Congress Spending Surge is National Suicide
by Ron Paul With a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two year budget that has the United States careening toward catastrophe. While we...