Current Events
2023 Budget Deficit Now Well Over $1 Trillion
Congress “solved” the debt ceiling problem by effectively eliminating borrowing limits for the next two years. But it did nothing to address the underlying problem. And that underlying problem is painfully obvious when you look at the monthly budget deficits the...
What Debt Ceiling?
Statists all across the United States, especially those within the mainstream press, are uncorking their champagne bottles today and celebrating the newest deal that lifts the debt ceiling. Predictably, the political strategy of crying “Default! Default! Default!”...
Can Biden raise the debt ceiling?
The uniparty in Washington D.C. continues to “negotiate” over the “debt ceiling” with a potential default by the United States government taking place June 1. I don’t see it happening, but this entire topic is a beautiful example of the...
Federal Tax Receipts Are Tanking But Federal Spending Isn’t
The U.S. government ran a surplus in April, as it generally does in tax return month. But federal tax revenues collapsed year-on-year and the fiscal 2023 deficit is still close to $1 trillion with five months to go despite the small April windfall. Meanwhile, the...