US Debt Forum Articles

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. 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, […]

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 […]

US GDP Rose by $850 Billion in 2019 as US National – Debt Surged by $1.2 Trillion. Debt-to-GDP Ratio Hit 108%

 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 […]

DEBT IS EXPECTED TO GROW FASTER IN THE UNITED STATES THAN ANYWHERE ELSE IN THE WORLD

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 […]

Why Do My Fellow Republicans Make Excuses for Trump’s Deficits

He is driving the country to financial ruin. And his own party is letting it happen. NYT – By Mark Sanford – Feb. 18. 2020 Mr. Sanford is a former candidate for the 2020 Republican presidential nomination. President Trump’s budget proposal for the 2021 fiscal year. Credit…Samuel Corum for The New York Times People have a […]

Millennials, ‘Gen Z’ Care About the National Debt — and More

InsideSources – Posted to Finance February 18, 2020 by Gordon Gray Lazy clichés abound regarding the character of younger Americans. Google “millennial” or “Gen Z,” and the results suggest these generations of Americans are singlehandedly “ruining” cherished traditions with avocado toast in one hand and an iPhone in the other. Surely the last thing on these Americans’ minds […]