Feds Kick Off Fiscal 2024 With Another Big Budget Deficit Despite Record Tax Receipts
After running the third-largest budget deficit in U.S. history in fiscal 2023, the federal government kicked off fiscal 2024 with another big budget shortfall. The federal government ran a $66.56 billion deficit in October, according to the Monthly Treasury Statement....
Moody’s Drops U.S. Credit Outlook to Negative
Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice. On Friday, Nov. 10, Moody’s Investor Service lowered its outlook on U.S. government credit from...
This is Already an Economic Crisis
Deficits and the national debt have been growing for so long that most people just shrug when we talk about them. They seem to think that the government can just keep kicking the can down the road. But every road comes to an end. Path to Liberty: November 1, 2023...