expenditure’… Archives - Citizen Watch Report

Doom Spending on the Rise: 27% Admit to Stress-Induced Expenditure, 32% Accumulate More Debt in the Last Six Months

January 15, 2024 9:26 pm

What should you do when you are worried about your finances and the economy? Gee, how about spending even more money? Yep, that’s what many in the U.S. seem to be doing these days, with about 96% of surveyed Americans being concerned about the current state of the economy. Indeed, 27% of respondents to a recent …

‘Interest payment on national debt is now the largest federal expenditure’… Federal Deficit set to double this year to $2 Trillion…

September 5, 2023 1:07 pm

The federal deficit is expected to nearly double this year, from about $1 trillion last year to $2 trillion for the fiscal year ending Sept. 30 Why it matters: There’s no precedent for deficits this large, as a share of the economy — outside war, deep recession or pandemic. The WashPost’s Jeff Stein reported Sunday on the stunning projected figure from the …