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CBO: Deficit to grow from $1.6 trillion to $2.6 trillion by 2034, debt will equal 116% of GDP

Treasury warns budget deficit up 13% compared to this time last year, debt reaching $34 trillion

Government watchdog estimates $26 billion deficit as California enters recession

The California Legislative Analyst’s Office estimates the state will have a $26 billion revenue shortfall for the 2022-2023 fiscal year and announced the state enteredRead More

Democrats Should Start Worrying About The Deficit

National deficit, inflation soars despite ‘Inflation Reduction Act’

The U.S. Congressional Budget Office reports that the federal government is borrowing far more this fiscal year than the year before even as inflation continuesRead More

‘So You Haven’t Reduced The Deficit, Have You?’: Kennedy Doesn’t Hold Back Grilling Yellen

Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years

Gavin Newsom’s Free Money Hangover and the $25 billion Deficit

In 2022, California blew through $100 billion surplus. Now, it finds itself with a projected $25 billion deficit and an unwillingness to cut wasteful programs.

Newsom’s office sticks to false tourism claims as fake news hits the NY Times

California Governor Newsom stuck to his guns after claiming record-high tourism spending from atop the Golden Gate Bridge, despite the report he cited noting inRead More

Making Sense of Biden’s Purposeful Destruction of America

I recognize that many adults living in blue cities don’t have investment accounts, but if they remain wedded to the false narrative that the rich became wealthy through deceit and at the expense of poor people, they will ultimately suffer the most, as usual. If the fervor to “screw the rich,” succeeds on this one, the poor and middle class are going to end up screwing themselves in ways they couldn’t imagine.