Although the U.S. budget deficit just hit a five-year high, an economist could explain why politicians and voters are not worried.
While the CBO’s (Congressional Budget Office) 2018-2028 report presents federal budget projections, the numbers also reflect the tradeoffs and some tough decisions.
Always contentious, the federal budget needs to be approved by October 1st or a continuing resolution needs to enable discretionary federal spending.
Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back…