Big Beautiful Bankruptcy Update: Deficits Skyrocketing
August 13, 2025
Instead of “Draining the Swamp,” the Trump Administration has stepped on the accelerator to bankruptcy. Government deficit spending continues to skyrocket, with a whopping $291 Billion deficit in July alone. This is up 20% year-over-year! It is impossible for government to fix its spending problem by vastly spending more money (that it doesn’t have). The American standard of living will continue to erode.
Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.
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