US Deficit Spending and Why Governments CAN Go BrokeBill Bonner
it is at the expense of capital investment for private sector production. And if the budget deficit is funded by enhanced savings, consumer spending is accordingly subdued and price inflation moderates. This effect is particularly noticeable in savings-...
The deficit was entrenched long before the virus, with federal revenues shrinking to well below historic averages and the spending side of the ledger rising thanks to record Pentagon expenditures and the addition of baby boomers to Medicare and Social Security. Even Washington’s few remaining spend...
it would get harder for the Treasury to sell more of them, requiring higher interest rates to be paid and potentially forcing austerity measures on the US government or triggering classic deficit spending inflation (“printing money” to pay for government, this doesn’t happen now because the d...
In 2023, the U.S. government had a budget deficit of 1.69 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars. U.S. Government budget The government budget is a financial statement that demonstrates the government’s...
Stop US Deficit Spending. A very brief website warning about the growing U.S. federal government debt.
Russell Vought, the White House budget director during Trump’s first term and Trump’s choice to lead it again, put out an alternative proposed budget for 2023 with more than $11 trillion in spending cuts over 10 years in order to potentially generate a surplus. Michael Faulkender, a...
stronger consumer spending starting in 2026, and a lower merchandise trade deficit. However, due to the inflationary impact of the tax cuts, inflation does settle around 2.3% per year by the outer years of the forecast, higher than in the status quo ante. Finally, with fewer deportations, ...
Open Thread July 9, 2023 US Debt Differences between Japan and the US Debt. Explain how Japan can manage twice the debt/GDP with no problems but the US is headed to a crisis. Or is the issue really about unnecessary deficit spending due to tax breaks skewed to upper income brackets?
September 23 2023 US government shutdown US government heads for shutdown as Republicans squabble over spending Millions will be furloughed in a week’s time if no deal is struck with small group of conservative holdouts August 30 2023