2023 Budget Deficit Already Bigger Than Last Year’s
The U.S. government ran a $227.77 billion deficit in June, pushing the total fiscal 2023 shortfall to $1.393 trillion, according to the Monthly Treasury Statement for June. There are still three months left in this fiscal year. The budget deficit for the entirety of...
The Debt Ceiling Deal Solved Nothing; It Made Things Worse
With the debt ceiling deal done, most people think, “Problem solved.” But the deal didn’t solve anything. In fact, it made things worse. View this post on Instagram A post shared by Tenth Amendment Center (@tenthamendmentcenter) For More Information...
2023 Budget Deficit Now Well Over $1 Trillion
Congress “solved” the debt ceiling problem by effectively eliminating borrowing limits for the next two years. But it did nothing to address the underlying problem. And that underlying problem is painfully obvious when you look at the monthly budget deficits the...