Peter's Blog

Peter Schiff: Government Spending Has Bankrupted the U.S.

Peter Schiff recently appeared on the Capitol Report on NTD News to talk about the state of the US economy. He explained how government spending has created the price inflation Americans continue to struggle with, and how it has bankrupted the United States.

National Debt Grew by over $1.3 Trillion in Just Three Months

The federal government has added $1.3 trillion to the national debt in just three months. When the fake debt ceiling fight ended and Congress suspended the federal government’s borrowing limit for two years in June, the national debt stood at $31.46 trillion. As of Aug. 26, the debt had surged to $32.81 trillion. And with […]

Peter Schiff: Bidenomics Is a Disaster

Peter Schiff recently appeared on Real America with Dan Ball to talk about Bidenomics and the impact of inflation. Peter said Bidenomics is a disaster and price inflation isn’t beat. In fact, it will continue to increase as long as the government keeps borrowing and spending. Dan opened the interview pointing out that despite cooling […]

Biden Budget Deficits Look Like Those Normally Seen In Recessions

To hear President Joe Biden tell it, the US economy is booming. Meanwhile, the Biden administration is running monthly budget deficits that you would normally see during a deep recession. With two months left to go, the deficit for fiscal 2023 now stands at $1.61 trillion, after the federal government charted another massive shortfall in […]

Fitch Slashes US Credit Rating

The debt ceiling deal was supposed to stabilize things for the US government. By suspending the debt limit for two years, Congress mitigated the fear of a US default, but the deal apparently wasn’t enough to paper over the dysfunction in Washington DC. On Tuesday, Fitch Ratings downgraded the US’s long-term credit rating from AAA […]

The US Government Has Borrowed Over $1 Trillion Since the Debt Ceiling Deal

There’s a big problem that pretty much everybody is ignoring. In just two months since Congress reached a deal and suspended the debt ceiling for two years, the national debt has surged by a staggering $1.2 trillion. Within a week of the debt ceiling suspension, the national debt cracked $32 trillion and as of July 28, […]

Fiscal 2023 Budget Deficit Already Higher Than Last Year’s Total With Three Months to Go

With three months left, the fiscal 2023 budget deficit has already eclipsed the massive 2022 shortfall. The US government ran a $227.77 billion deficit in June, pushing the total fiscal 2023 shortfall to $1.393 trillion, according to the Monthly Treasury Statement for June.

An Amazing Freak Show: Treasury Increases National Debt By Over $850 Billion in Just One Month

A month ago, the fake debt ceiling fight ended and Congress suspended the federal government’s borrowing limit for two years. Since the debt ceiling deal, the US Treasury has added a staggering $851 billion to the national debt.

Interest on the National Debt Poised to Rise at an Alarming Rate

Since the end of the fake debt ceiling fight on June 2, the Treasury has borrowed an additional $700 billion pushing the national debt over $32 trillion. Looking at the interest rates on this new debt, it becomes clear that the US government has a big problem.

What Would the Founding Fathers Say About Our National Debt?

The national debt recently blew past $32 trillion. As we approach America’s birthday on July 4, it might be a good time to consider what the founding fathers would have thought about this massive indebtedness.