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(CNSNews.com) --The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of Monday, was $30.19 trillion. Despite the staggering debt and deficits, some Republican senators believe that President Joe Biden will not balance the budget.
(CNSNews.com) --The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of March 14, was $30.19 trillion. Despite these numbers, some Republican representatives believe President Joe Biden will not balance the budget or make any real effort to do so.
(CNSNews.com) --The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of Monday, was $30.19 trillion. Despite the staggering debt and deficits, some Republican senators believe that President Joe Biden will not balance the budget.
(CNSNews.com) --The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of March 14, was $30.19 trillion. Despite these numbers, some Republican representatives believe President Joe Biden will not balance the budget or make any real effort to do so.
(CNS News.com) -- When asked whether President Joe Biden would ever balance the federal budget, Sen. John Cornyn (R-Tex.) said, “No,” and added that the U.S. Constitution needs a balanced budget amendment to force both Democrats and Republicans to get America’s fiscal house in order.