My take on a variety of topics that are shaping the U.S. in the 21st century.
Sunday, February 04, 2018
The Federal Debt Is Going Up ---- A Lot
The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year. The Congressional Budget Office attributed the increase to lower tax receipts because of the new tax law.