Spend, spend, spend
In a world of constant change, there is one thing that seemingly never does: The federal government’s penchant for spending more than it receives. It seems, at times, as if red is the national color.
The Treasury Department says the federal government spent a record $3.35 trillion through June of the 2019 fiscal year. Prior to that, the most the federal government ever had spent in the October-through-June period was in fiscal 2018, when the Treasury doled out $3.19 trillion.
Total federal revenues for the first nine months of fiscal 2019? $2.60 trillion. That leaves a $747.11 billion deficit, meaning the federal budget gap widened 23 percent in the first nine months of fiscal 2019.
With a national debt of more than $22 trillion – and growing – we are leaving our children and grand-children swimming in red ink and bruising the economy.
Continued, unabated spending is nothing short of irresponsible. You can see it. We can see it. One can only wonder why Congress is blind to it.