Good news! The federal budget deficit in July was “only” $63 billion.
This should be obvious. Massive spending and a huge #nationaldebt is unsustainable. @mmaharrey10th pic.twitter.com/ry10OtlIu4
— TenthAmendmentCenter (@TenthAmendment) August 13, 2020
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Of course, that’s not really good news. It’s a huge number and only looks good compared to last month. The fact is the Trump administration is still spending money at an unprecedented rate and it’s unsustainable.
For Further Reading
Smashing Records: June Monthly Budget Deficit Bigger Than All Years Except Five
Spending Your Future (And Your Children’s Too)
National Debt Pushes Above $26 Trillion
Big Spenders to the Right and the Left: Mind-Numbing Deficit Numbers Keep Growing
The Tenth Amendment Center works to preserve and protect Tenth Amendment freedoms through information and education. The center serves as a forum for the study and exploration of state and individual sovereignty issues, focusing primarily on the decentralization of federal government power. Visit https://tenthamendmentcenter.com/