Do Republicans still have moral authority to warn about the national debt? Desert News – By Jay Evensen, Columnist Jan 28, 2021, 9:20am MST As I’ve said before, the Old Testament would read a lot differently if Joseph, having been summoned from prison by a Pharaoh who was troubled by dreams, had acted like today’s politicians in […]
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. […]
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 […]
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 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 […]
“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 […]
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 […]
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 […]
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 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 […]
