Economics
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....
This is Already an Economic Crisis
Deficits and the national debt have been growing for so long that most people just shrug when we talk about them. They seem to think that the government can just keep kicking the can down the road. But every road comes to an end. Path to Liberty: November 1, 2023...
A Ticking Time Bomb: National Debt Quietly Surges Above $33 Trillion
Do you hear that? It’s a ticking time bomb. Last Friday, the national debt quietly blew past $33 trillion. As of September 15, the outstanding federal debt stood at a cool $33,044,858,730,468.04. The great anti-federalist Brutus wrote, “I can scarcely contemplate a...
Will BRICS Smash the Dollar?
Donald Trump’s legal troubles, the possibility that Joe Biden will face an impeachment inquiry, and other stories related to the upcoming presidential election, caused the American media to miss a story of potentially greater significance. This was the decision of the...