Despite Historically High Tax Receipts Feds Still Digger Deeper into Debt
The federal government is rolling in dough. But it’s digging itself deeper into debt. How can this be? U.S. tax receipts surged this year. Through August, the U.S. Treasury had collected over $4.4 trillion in revenue for fiscal 2022 with one month left to go....
The National Debt is a Calamity
Most people think a $31 trillion national debt is no big deal. The founders and old revolutionaries knew better. As the antifederalist Brutus wrote, a national debt that can never be discharged is “a calamity.” View this post on Instagram A post shared by...
More of the Same: Feds Run Another Big Budget Deficit in August
Some things never change — such as the federal government spending more money than it has month after month after month. August was no different. The U.S. government ran a massive $219.6 billion budget deficit last month, according to the latest Monthly Treasury...