Author: admin

Rep. Andy Biggs issues a dire warning about the national debt he helped create

OPINION: Rep. Andy Biggs issues a dire warning about the national debt he helped create EJ Montini, Arizona Republic – Published 12:25 p.m. MT Nov. 4, 2019   Opinion: It’s like an obnoxious house guest eating all the jalapeño poppers then calling the party lame owing to the lack of snacks.   Rep. Andy Biggs  I’d […]

The US Debt and How It Got So Big 

The US Debt and How It Got So Big  – Five reasons why America is in debt BY KIMBERLY AMADEO, THE BALANCE Updated October 03, 2019 The U.S. debt is the sum of all outstanding debt owed by the federal government. As of Sept. 30, 2019, it exceeded $22.6 trillion.1 It passed the milestone of $22 trillion in February […]

USA Today – Powell: U.S. debt is ‘on unsustainable path,’ crimping ability to respond to recession

Powell: U.S. debt is ‘on unsustainable path,’ crimping ability to respond to recession Paul Davidson USA TODAY  – November 13, 2019 Fed to Congress: It may soon be your turn to save the economy, so get your finances in better shape. Federal Reserve Chairman Jerome Powell warned lawmakers Wednesday that the ballooning federal debt could hamper […]

Investors will likely opt for fewer government bonds – who will fund debt?

Investors face bleak returns for the next decade London (CNN Business)Happy Monday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Over the next decade, low growth, low inflation and low yields could push returns for the classic US portfolio — […]

10 Reasons Why The National Debt Matters 

Nov 1, 2019 At $23 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters. The return of trillion dollar deficits. The budget deficit was $984 billion in 2019, according to the Department of the Treasury. The Congressional Budget Office (CBO) projects that deficits will […]

US Debt Surpasses $23 trillion for First Time

THE HILL, BY NIV ELIS – 11/01/19 04:36 PM EDT The federal government’s outstanding public debt has surpassed $23 trillion for the first time in history, according to data from the Treasury Department released on Friday. Growing budget deficits have added to the nation’s debt at a speedy rate since President Trump took office. The debt has grown some 16 percent since […]

18 Facts on the US National Debt That Are Almost Too Hard to Believe

Mitchell Nemeth  – Foundation for Economic Education, September 17, 2019 There is hesitation among the political class as to what must be done to pay down and eliminate this debt. At around $22.5 trillion, the United States national debt sits at 106 percent of Gross Domestic Product (GDP). There is no disputing that this gigantic […]

CBO – No End of Massive Deficits and Mounting National Debt

CBO today released its report – Budget and Economic Outlook for 2019 to 2029 and a visual summary A Visual Summary of The Budget and Economic Outlook: 2019 to 2029. As expected, it’s not good in the short, medium, and long-term. And, it is getting worse! It’s easy to get lost in the numbers and amount of […]

The Fleecing of Millennials

NYT Opinion Columnist, David Leonhardt,  wrote an article pointing out: “For Americans under the age of 40, the 21st century has resembled one long recession.  I realize that may sound like an exaggeration, given that the economy has now been growing for almost a decade. Their incomes are flat. Their wealth is down.  And Washington […]

Forbes – Has Our Government Spent $21 Trillion of Our Money Without Telling US?

Government Officials’ Mismanagement may have prevented 9/11. Their post 9/11 solution – Waste $Billions. NSA’s decision to scrap its inexpensive, in-house developed, and operational computer program THINTHREAD, which may have prevented 9/11 in favor of a plan to build a consultant driven, outsourced solution wasted billions of borrowed dollars and was subsequently scrapped. Who managed […]