Another Month of Deficit Spending
DECEMBER 08, 2011
“The federal government ran a $139 billion deficit in November, marking the 38th straight month in the red, according to a preliminary estimate the Congressional Budget Office released Wednesday…. Interest payments on the debt continue to rise at the fastest rate of any category of spending, jumping 12.4 percent this year. Social Security and Medicare spending were also up.” (Washington Times)
The new normal?
FEE Timely Classic
“Deficit Spending and Future Generations: Not What You Might Think” by Roy Cordato