Debt
Politicians tell us we can keep borrowing and spending and the #nationaldebt will just go away. They're ignorant. Or lying. Or both. @mmaharrey10th pic.twitter.com/PVPfLoNzMk
— TenthAmendmentCenter (@TenthAmendment) June 27, 2021
Economic Myth-Making By Politicians
Politicians often claim that we don’t have to worry about the national debt because “we can grow our way out of it.” This is economic myth-making. Politicians tell us we can keep borrowing and spending and the #nationaldebt will just go away....
Federal Government Borrowing and Spending Continues Unabated
If you thought the federal government’s borrowing and spending might slow down as the pandemic slows – well – you were wrong. If you expected federal borrowing and spending to slow down, you guessed wrong. @mmaharrey10th#economy #nationaldebt...
The “New Normal” is now $6 Trillion in Federal Spending
Have you seen President Biden’s 2022 budget proposal? It features $6 trillion in federal spending. And you thought spending would go back to “normal” after the pandemic. Welcome to the new normal. Which is really an awful lot like the old normal. The...Reminder: When government borrows money, it eventually has to be paid back. And it's not going to be pretty. @mmaharrey10th#truth #nationaldebt #economy #libertarian #constitution #10thAmendment pic.twitter.com/Vz0DeXJ8VQ
— TenthAmendmentCenter (@TenthAmendment) May 6, 2021
Taxing Our Future Selves
The U.S. Treasury Department upped its estimate of the amount of money the federal government will need to borrow in the second quarter of this year. And not just by a little. People need to remember that borrowed money has to be paid back. Reminder: When government...