Debt
National Debt: We Are Cursed!
The national debt is a national curse. That’s how James Madison described it. And we are certainly cursed – to the tune of $34.5 trillion and growing. We should have listened to the founders’ warnings. @tenthamendmentcenter The National Debt is a...
Feds Run Record-Breaking November Budget Deficit
The federal government just ran the largest November budget deficit in history. And it managed this feat even with a 9 percent increase in government receipts. The November budget shortfall came in at $314.01 billion, according to the Monthly Treasury Statement. That...
Feds Kick Off Fiscal 2024 With Another Big Budget Deficit Despite Record Tax Receipts
After running the third-largest budget deficit in U.S. history in fiscal 2023, the federal government kicked off fiscal 2024 with another big budget shortfall. The federal government ran a $66.56 billion deficit in October, according to the Monthly Treasury Statement....
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...