Big Government Spending Pushes Budget Back into Deficit Mode
After running a budget surplus in April thanks to an influx of tax-day tax receipts, the federal government reverted back to deficit spending in May. The budget deficit was $66.22 billion last month, according to the latest Treasury statement. That raises the current...
April Budget Surplus Obscures Federal Spending Problem
With a surge in April tax receipts, the federal government ran a record budget surplus last month. This seems like good news. And the mainstream spun it as such. But record government revenue is papering over a spending problem that isnโt going away. The surplus in...
More of the Status Quo: Borrow, Spend and Run Big Deficits
The federal government ran a $192.68 billion deficit in March, according toย the latest Treasury statement. Somehow, this is supposed to be good news. Bloombergย looked at this latest Treasury statement and came up with this headline:ย US Budget Gap Shrinks by More Than...After @JoeBiden requested the largest military spending bill in history, #Republicans in Congress couldn't help spending even more than he asked for. They all suck. @mmaharrey10th pic.twitter.com/tUvNNHcaqV
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