February’s Flashing Red Budget Warning: Federal Spending Was 2X Receipts

If you think Elon Musk is overdoing it with his deficit-howling, have a gander at the US Treasury report for February. It turns out that the deficit during the month at $307 billion actually exceeded revenue collections of $296 billion. That is to say, Uncle Sam was merrily coasting along spending more than twice the amount of revenues coming in!

And yet and yet. The mainstream media is in a nonstop shrieking mode about Elon’s cuts, which actually aren’t cuts at all, but just an expose of the stupidity, waste and venality rampant in the Swamp. That—along with the degree to which the Fed’s relentless money-printing and monetization of the public debt has anesthetized the Washington ruling class from the economic consequences of its decades-long fiscal debauch.