Good news! The federal budget deficit in July was “only” $63 billion.
Of course, that’s not really good news. It’s a huge number and only looks good compared to last month. The fact is the Trump administration is still spending money at an unprecedented rate and it’s unsustainable.
For Further Reading
Smashing Records: June Monthly Budget Deficit Bigger Than All Years Except Five
Spending Your Future (And Your Children’s Too)
National Debt Pushes Above $26 Trillion
Big Spenders to the Right and the Left: Mind-Numbing Deficit Numbers Keep Growing