Does the National Debt Matter? KEY TAKEAWAYS Over the past 12 years, the national debt grew from $5.3 trillion to $20.5 trillion—or 400%—while national income grew only 30%. Many analysts and policymakers question whether high levels of debt and deficit spending are sustainable. Looking at the national debt from different perspectives sheds some positive light […]
President Donald Trump promised to reduce the national debt but instead increased it. It is now at its highest level relative to the U.S. economy since the end of World War II. ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. This story was […]
Do Republicans still have moral authority to warn about the national debt? Desert News – By Jay Evensen, Columnist Jan 28, 2021, 9:20am MST As I’ve said before, the Old Testament would read a lot differently if Joseph, having been summoned from prison by a Pharaoh who was troubled by dreams, had acted like today’s politicians in […]
