
The Immorality of Perpetual Deficit Spending
The U.S. federal government blew the budget once again, according to the Congressional Budget Office's (CBO) recap of the fiscal year that ended September 30. The red ink for Fiscal Year (FY) 2026 totaled $2.0 trillion, a 12% increase over FY2025. The government spent $7.4 trillion and collected $5.4 trillion, meaning that one out of every four dollars it spent added to the deficit.




