Category: Uncategorized

The rising price of paying the national debt is a risk for Trump’s promises on growth and inflation

WASHINGTON (AP) — Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. Not […]

Musk ‘Terrified’ by $36 Trillion US National Debt

  Elon Musk has expressed his fear that the U.S. national debt is spiraling out of control as he prepares to head up a newly created government department designed to slash federal spending. The SpaceX founder and Tesla CEO posted his concerns to X on Monday, in response to a graphic from Substack newsletter The Rabbit Hole. “The national debt […]

Opinion – Lowering national debt should be high on to-do list | READER COMMENTARY

With the election behind us, Americans can now look to the future. A new president, newly elected members of Congress and veteran policymakers alike will soon be in Washington, D.C., establishing national priorities. While many of our national priorities will center around hot-button issues such as inflation, the economy or immigration, there is one major […]

Strange Debt: How I Learned To Stop Worrying And Love The Debt Bomb

What could be stranger than realizing a commonly understood and accepted truth is in effect nonsense? Imagine if the Aztecs, who happily sent their young up the pyramid to be horrible killed for a bunch of mythical lizards, realized their sacrifices were for naught. Or imagine the reaction of those that believed the world was […]

Billionaire investor Ray Dalio recommends bitcoin as ‘hard money’ amid national debt increases

Quick Take Ray Dalio shared his preference for gold and bitcoin over debt assets as indebtedness affects major economies worldwide. “I want to steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin,” the founder of the world’s largest hedge fund said. Dalio was notably critical of […]

Trump’s Economic Strategy Targets National Debt Crisis

The United States faces a critical economic challenge that extends beyond traditional fiscal policies. While tax reforms and deregulation often dominate economic discussions, the national debt emerges as the primary threat to American economic stability. The situation has reached a point where next year’s interest payments on the national debt will surpass defense spending, Medicare, […]

The National Debt Just Hit $36 Trillion. Does Trump Have a Plan To Control It?

It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it does not grow faster than the economy. (Photo by lucas Favre on Unsplash) In last week’s elections, Americans rejected the status quo in the federal government and asked Republicans to once again take the reins. On Friday, the […]

Why the National Debt Matters for the Dollar and Global Economic Strength

Share Since World War II, the dollar has played a dominant role in global financial markets, maintaining America’s global economic leadership. This affords the United States “exorbitant” privileges no other country enjoys, such as lower borrowing costs, the absence of fluctuations in the value of its debt due to exchange rates, and the power to impose far-reaching […]

US national debt hits a new record: $36 trillion

America is the biggest debtor nation in history: Robert Kiyosaki The U.S. national debt surpassed $36 trillion for the first time in the nation’s history on Friday as the federal government continues to accumulate debt at a record-setting pace. New data from the Treasury Department released Friday afternoon showed that the gross national debt hit $36,034,994,586,981.97. […]

Federal Debt: The Ticking Bomb in Your Wallet

Key Takeaways Grab your pay stub for June and see how much you paid in federal income tax…over 75% of that was effectively your contribution to interest on the debt last month. This is where our federal government is today. It has spent so much more than it has taken in that it has racked […]