by James Hickman
Schiff Sovereign
It’s barely six months into the US government’s ‘fiscal year’ (which started on October 1, 2023) and the federal budget deficit is already $1.1 trillion.
This number is utterly astonishing.
Of course, anyone paying attention to the rapidly dwindling US financial condition knows that the national debt is now hovering around $35 trillion.
That’s up $2 trillion in the last year alone, and up nearly $20 trillion over the last decade.
More importantly, the Congressional Budget Office has projected that the US national debt will increase by another $20 trillion over the next decade.
Those numbers are obviously bad. Horrendous, really.