60 Years of Unbalanced Budgets: Keynesian Failure Means Increased Spending Each and Every Year

CNS News reports:

The total federal debt climbed by $671,455,302,116.72 in fiscal 2017, making 2017 the 60th straight fiscal year in which the federal debt has increased, according to the official numbers published by the U.S. Treasury.

At the end of fiscal 2016, the federal debt stood at $19,573,444,713,936.79. By the end of fiscal 2017 (which closed on Sept. 30), it was $20,244,900,016,053,51.

The last fiscal year in which the federal debt declined was fiscal 1957. In that year, according to the Treasury, the total federal debt dropped from $272,750,813,649.32 at the close of fiscal 1956 to $270,527,171,896.43 at the close of fiscal 1957.

But, in fiscal 1958, the debt climbed to $276,343,217,745.81—and in every fiscal since then, it has finished each fiscal year higher than it started that fiscal year.

Keynesian failure... every year.