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...
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...
April Budget Surplus Obscures Federal Spending Problem
With a surge in April tax receipts, the federal government ran a record budget surplus last month. This seems like good news. And the mainstream spun it as such. But record government revenue is papering over a spending problem that isn’t going away. The surplus in...