Month: February 2020

Pete Buttigieg’s Vow to Cut the Deficit Is Fiscally Irresponsible

Intelligencer By Eric Levitz@EricLevitz A fresh-faced candidate with old, decrepit ideas about public debt. Photo: Scott Olson/Getty Images “Fiscally responsible” is one of the more Orwellian phrases in American politics. Lawmakers earn that coveted title by affirming the three tenets of the Beltway’s official budgetary orthodoxy: (1) Deficits are inherently undesirable, (2) all new spending (on things […]

Why America isn’t doing anything about the national debt

We agree the debt is a problem, but we don’t actually want to do anything about it. The Dallas Morning News By Holly Kuzmich 3:00 AM on Feb 9, 2020  Americans have known for decades that the national debt is growing at an unsustainable pace. The accumulation of all our deficits over time has been a […]

At $23 Trillion, the U.S. National Debt Already Exceeds the Size of the U.S. Economy

The National Interest Jan. 3, 2020 by Romina Boccia . Remember the last time the deficit hit $1 trillion? It was 2012, and the country was just beginning to climb out of the worst recession in decades. Now fast forward to today. The Congressional Budget Office — Washington’s trusted fiscal watchdog — expects the federal government […]

National debt is sugar water for our economy

By Bob Musselwhite, Glendale Star Guest Writer   “A very possible day of reckoning may lead to the devaluation of our dollar that would destroy savings accounts and pensions.” My name is Bob Musselwhite and I am running for the U. S. Congress as a Democrat.  I want to thank the Glendale Star for running […]

The Republican endgame with the national debt

The Charolette Observer BY BILLY MADDALON FEBRUARY 20, 2020 12:00 AM  The national debt has soared under President Trump. EVAN VUCCI AP There’s a lot broken in Washington, D.C., but nothing is as broken as the way our nation’s finances are handled. I’m starting to suspect none of it’s an accident. Some accuse Republicans of magical thinking […]

The 2020s Will Be the Decade of Deficit Doomsday

America will have to pay for its spending spree and its wars. ERIC BOEHM | 1.10.2020 2:50 PM (KTSDESIGN/SCIENCE PHOTO LIBRARY/Newscom) The decade that just ended saw a period of uninterrupted economic growth. In the decade to come, we’ll pay for squandering it. Since the so-called Great Recession officially ended in the third quarter of 2009, […]

The National Debt Crisis – by Presidency

Cameron Huddleston – GOBankingRates – January 27, 2020 . The U.S. national debt has reached a record high of more than $22.5 trillion. Although Donald Trump promised while campaigning for president that he could get rid of the nation’s debt, it has grown by more than $2 trillion since he took office in 2017, according to the […]

Excessive national debt is like carbon monoxide

 North State Journal – February 19, 2020 Frank Hill Article, Opinion There was a lamentable disco song in the 70’s that claimed “love is like oxygen.”   That may be true. If it is, then having too much debt is like carbon monoxide. Debt is colorless, odorless and deadly to anything if allowed to build up to dangerous levels.  At some point, usually when it is too […]

Your View by a Lehigh professor: Why we shouldn’t overly fret the national debt

By ANTHONY O’BRIEN THE MORNING CALL | FEB 19, 2020 | 9:30 AM President Donald Trump’s budget request for fiscal year 2021 arrives on Feb. 10 at the House Budget Committee on Capitol Hill in Washington. (J. Scott Applewhite/AP) . . Among non-economists, views on the national debt tend to split into two camps. The first knows almost nothing […]

Record-High Stock Market Value Swamped By Record U.S. Consumer Debt And National Debt Levels

Remember, someone is going to have to pick up the tab at the end of the night. ABOVE THE LAW – Feb. 19, 2020 – By JONATHAN WOLF The U.S. equities market is doing well, and that’s great. Various stock market indexes have been hovering around record highs for weeks. Although the total U.S. stock market […]