Month: November 2019

The US Debt and How It Got So Big 

The US Debt and How It Got So Big  – Five reasons why America is in debt BY KIMBERLY AMADEO, THE BALANCE Updated October 03, 2019 The U.S. debt is the sum of all outstanding debt owed by the federal government. As of Sept. 30, 2019, it exceeded $22.6 trillion.1 It passed the milestone of $22 trillion in February […]

USA Today – Powell: U.S. debt is ‘on unsustainable path,’ crimping ability to respond to recession

Powell: U.S. debt is ‘on unsustainable path,’ crimping ability to respond to recession Paul Davidson USA TODAY  – November 13, 2019 Fed to Congress: It may soon be your turn to save the economy, so get your finances in better shape. Federal Reserve Chairman Jerome Powell warned lawmakers Wednesday that the ballooning federal debt could hamper […]

10 Reasons Why The National Debt Matters 

Nov 1, 2019 At $23 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters. The return of trillion dollar deficits. The budget deficit was $984 billion in 2019, according to the Department of the Treasury. The Congressional Budget Office (CBO) projects that deficits will […]

US Debt Surpasses $23 trillion for First Time

THE HILL, BY NIV ELIS – 11/01/19 04:36 PM EDT The federal government’s outstanding public debt has surpassed $23 trillion for the first time in history, according to data from the Treasury Department released on Friday. Growing budget deficits have added to the nation’s debt at a speedy rate since President Trump took office. The debt has grown some 16 percent since […]