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conversableeconomist.com | ||
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www.gao.gov
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| | | | | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic. | |
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jacobin.com
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| | | | | Donald Trump once said that under him, we would "get tired of winning." As the United States sees credit downgrades, deep budget cuts, and potential fiscal crises, the wins are pretty hard to find. | |
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investingcaffeine.com
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| | | | | D-E-B-T, our country's new four-letter word, used to be a fun toy the masses played and danced with to buy all kinds of goods and services. Debt was creatively utilized for all types of things, including, our super-sized McMansions purchased with Option ARM (Adjustable Rate Mortgage) Countrywide loans; our 0% financing car binges (thanks to... | |
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www.law.cornell.edu
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| | | [AI summary] The text presents Article II of the U.S. Constitution, outlining the powers, duties, and qualifications for the executive branch and the presidency. | ||
