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...
More of the Status Quo: Borrow, Spend and Run Big Deficits
The federal government ran a $192.68 billion deficit in March, according to the latest Treasury statement. Somehow, this is supposed to be good news. Bloomberg looked at this latest Treasury statement and came up with this headline: US Budget Gap Shrinks by More Than...
Blame Powell, Not Putin or ‘Greedy’ Corporations, for Price Hikes
The Biden administration and its allies continue to use Russian President Vladimir Putin as the convenient excuse for their economic failures. The most recent falsehood is that Russia’s invasion of Ukraine caused March’s 8.5 percent year-over-year increase in the...