Debt
Moody’s Drops U.S. Credit Outlook to Negative
Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice. On Friday, Nov. 10, Moody’s Investor Service lowered its outlook on U.S. government credit from...
A National Calamity: Thoughts from Maharrey Head Podcast
When I talk about the massive national debt, most people just shrug. Except for a few contrarians, the average person doesn’t seem to think the debt is that big of a problem. Well, I beg to differ. And so did most people in the founding generation. The great...
Big-Spending U.S. Government Running Recession-Like Budget Deficits
To hear President Joe Biden tell it, the U.S. economy is booming. Meanwhile, the federal government is running monthly budget deficits that you would normally see during a deep recession. With two months left to go, the deficit for fiscal 2023 now stands at $1.61...
2023 Budget Deficit Already Bigger Than Last Year’s
The U.S. government ran a $227.77 billion deficit in June, pushing the total fiscal 2023 shortfall to $1.393 trillion, according to the Monthly Treasury Statement for June. There are still three months left in this fiscal year. The budget deficit for the entirety of...