Feds Run Second-Biggest July Deficit in History
The U.S. government is addicted to spending money. And the Federal Reserve is Washington D.C.’s pusher. When we talk about inflation, we usually focus on money creation by the Fed. After all, that is the definition of inflation. But the Fed has to keep creating money...
Influx of Tax Revenue Papering Over Federal Government Spending Problem
The federal government ran an $88.8 billion budget deficit in June. That was up nearly $22 billion from the previous month, according to the latest Monthly Treasury Statement. And this is supposed to be good news? After running a budget surplus in April thanks to an...
National Debt: A Calamity Upon Us
Brutus called a national debt “exceeding their ability ever to discharge” a calamity. But he was far from alone. A calamity is upon us today. View this post on Instagram A post shared by Tenth Amendment Center (@tenthamendmentcenter) For Further Information...