Trump Administration Will Likely Hit Borrowing Limit Sooner Than Expected
Aided and abetted by Congress, the Trump administration continues to spend America into oblivion. Secretary of the Treasury Steve Mnuchin wants Congress to go ahead and raise the debt ceiling before the August recess because analysts now think the government will hit...
Republicans are not the “Party of Fiscal Responsibility”
I used to believe the Republican Party was the party of fiscal responsibility and limited government. Well, the fiscally Republican administration currently running things in Washington D.C. just ran up the biggest May budget deficit in history. Last month, the...
The Federal Government Has a Negative Net Worth of $21.5 Trillion
The net worth of the U.S. federal government comes in at negative $21.5 trillion. This according to the Financial Report of the United States Government recently released by the U.S. Treasury Department. The report is a summary of the financial condition of the United...