US Debt Forum Articles

Both Trump And Biden Plans Would Pile On National Debt, But Trump A Little Less

Forbes, Sarah Hansen October 7, 2020   TOPLINE In a new analysis of President Trump’s and former Vice President Joe Biden’s campaign policy proposals, the Committee for a Responsible Federal Budget found that a Biden presidency would add $5.6 trillion to the national debt over ten years while a Trump presidency would add just under $5 trillion. […]

A U.S. Debt Crisis: From Denial to Reality

On September 21st, the Congressional Budget Office released a long-term outlook on government debt. In a dire warning the CBO projects that in 2050 the debt will equal 195 percent of GDP. A debt explosion of this magnitude should rightfully send shivers through the country. This is a mounting national crisis that transcends party lines […]

U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds

Report comes after huge increase in the deficit this year as government attempted to limit coronavirus fallout By Jeff Stein, Washington Post – September 2, 2020 at 3:15 p.m. MDT For the first time since World War II, the U.S. government’s debt will roughly equal the size of the entire American economy by the end of […]

Federal Borrowing Amid Pandemic Puts U.S. Debt on Path to Exceed World War II

Federal debt, as a share of the economy, hit 98 percent in the 2020 fiscal year. Many economists are pushing lawmakers to add even more to it. By NYT – Jim Tankersley-  September 2, 2020 WASHINGTON — A surge in government borrowing in the face of the pandemic recession has put the United States in a […]

Why the Hoped-for Solution to Out-of-Control Government Debts Won’t Work This Time

“Rapid growth is no longer possible” and “inflation is not going to be tolerated” in societies with slow wage growth: head of central bank of Singapore. It has been said out loud. By Wolf Richter for WOLF STREET. September 15, 2020 The solution now to the enormously ballooning debts in developed economies: Firing up consumer price inflation and […]

America Needs to Talk About Its Debt Problem

Barrons – ECONOMY AND POLICY COMMENTARY Robert Hormats – Aug. 3, 2020 4:05 pm ET Virtually every government in the world has engaged in massive borrowing to address the medical costs of Covid-19 and the economic disruption it continues to inflict. The United States is no exception, as Congress considers spending well over a $1 […]

Senate Republicans’ $1 Trillion COVID-19 Relief Bill Includes Billions for New Fighter Jets, Attack Helicopters, and Missiles

Much of the military spending in the GOP’s HEALS Act replaces funding that was redirected to pay for Trump’s border wall. REASON CHRISTIAN BRITSCHGI | 7.28.2020 5:40 PM The $1 trillion coronavirus relief package released by Senate Republicans this week includes billions of dollars for new weapons and defense projects that appear to have little to do […]

Fitch downgrades US outlook to negative from stable

Yahoo Finance – Washington (AFP) – Ratings agency Fitch on Friday downgraded the outlook for the United States to negative from stable, warning of high debt and deficits made worse by the coronavirus downturn. “The outlook has been revised to negative to reflect the ongoing deterioration in the US public finances and the absence of […]

CPAs 100-Day March to Election Day

CPAs 100-Day March to Election Day CPAs to Educate Voters on Our Country’s Dire Financial Position NEWS PROVIDED BY U.S. Debt Forum  Jul 28, 2020, 08:33 ET SLEEPY HOLLOW, N.Y., July 28, 2020 /PRNewswire/ — Presidential candidates have commenced their 100-day march to election day. The U.S. Debt Forum has also commenced its 100-day march to educate voters […]

What’s behind the national debt?

Andie Corban and Kai Ryssdal Jun 17, 2020 Heard on: Marketplace Congress has passed more than $3 trillion in coronavirus-related relief legislation, and Senate Majority Leader Mitch McConnell has said he’s looking into another bill. Part of the conversation is about what more government spending could mean for the national debt. Here’s what you need to know about how […]