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...
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...