Since the onset of the pandemic, Congress has been spending more money than ever. The pandemic hit when it was already projected that in fiscal 2020 the federal budget deficit would once again top $1 trillion. On October 16, however, USA Facts reported that the 2020 deficit was $3.1 trillion. That’s more than twice as much as the previous record of $1.4T set in 2009 in the wake of the financial crisis. On April 12, The Fiscal Times reported that the deficit for just the first six months of fiscal 2021 was $1.7T: “In March alone, the deficit came to … Continue reading →

Source: The Federal Reserve Should Not Finance Insane New Spending