$37 trillion. Written another way $37,000,000,000,000. The Treasury Department confirmed this week that the national debt has officially surpassed $37 trillion. Even with record income from Trump’s tariffs, July’s deficit rose 20% year over year with interest and...
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Trump’s First Week and Fiscal Policy
Since President Donald J. Trump was sworn into office on January 20th, he’s been working non-stop to undo the disastrous policies of the Biden Administration and fulfill his campaign promises. As of Friday, Trump has signed dozens of executive orders, memoranda and...
The Ginn Economic Brief: U.S. Economic Situation-October 2024
Big Government Is Holding America Back America’s federal debt has now skyrocketed past $35 trillion—an increase of $2.3 trillion in just the last fiscal year. Inflation persists, with core prices rising 3.3% over the past year. Meanwhile, government jobs are growing...
The Ginn Economic Brief: U.S. Economic Situation—March 2024
Highlights People prosper most from free-market capitalism; we need more of it in America. Americans are suffering from big-government policies out of D.C. This brief highlights more than just the headlines you usually get. Figure 1: Real Average Weekly...
Federal Budget Deficit Has Nearly Doubled Under President Biden
The federal budget deficit has doubled from one year to the next a few times before. Usually, those occurrences happen in conjunction with economic bad news, something the current administration consistently says does not exist. The Numbers Game First off, let's talk...
Stopgap Passage Results In Vacating McCarthy’s Speakership
In recent developments, the budgetary decisions and the political maneuvering in the U.S. Congress have taken an unforeseen turn, spotlighting the fiscal discourse that underpins our nation's governance. The passage of the stopgap resolution, a temporary measure to...