Month: July 2021

Federal budget deficit continues to grow big

      As a nation, we have become addicted to budget deficits. Each year, we have to borrow fund government operations. And most people, including our legislators, do not seem to care or take notice. As readers realize, a budget deficit occurs when expenses exceed revenue. Accrued deficits form the national debt. Thus, the […]

An Ocean of Red Ink as Far as the Eye Can See

Visual Capitalist has created an interactive visualization of the publicly-held portion of the U.S. government’s public debt. It covers 150 years, combining historic data from 1900 through 2020 with CBO projections for the next 30 years. You’ll need to follow the link above to take advantage of the interactivity, but here’s the big picture they created: […]