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 […]
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 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 […]
America will have to pay for its spending spree and its wars. Reason.com 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, […]
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 […]
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 […]
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 […]
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 […]
Dream of 3% economic growth remained a dream despite surge in government borrowing and spending. By Wolf Richter for WOLF STREET January 30, 2020 The dreams of 3%-plus economic growth in the US remained dreams in 2019, despite tax cuts and ballooning federal government spending, which are a stimulus. But the resulting budget deficit caused the gross national debt […]
The United States leads the world in an unfortunate category: the expected pace of growth of its debt. That’s according to a new International Monetary Fund (IMF) report, which highlights that only seven advanced economies are anticipated to experience growth in debt relative to gross domestic product (GDP) between 2019 and 2024. The report shows that […]
