Browsing: government debt
It wasn’t even a year ago that fiscal hawks were wringing their hands over a new national debt milestone: The…
The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the fiscal year, according to…
‘Cut up the credit cards:’ Members of Congress call for action after US debt surpasses GDP
The value of debt held by the public has officially surpassed the size of the U.S. economy, and members of…
The debt crisis Congress has been ignoring could cost the average U.S. household $18,000 a year
An excellent new study from the non-partisan Brookings Institution provides an ultra-sobering view of the potential tax increase U.S. families…
Whether or not you agree with President Trump’s methods to drum up revenue to assist with the government’s balance of…
Director of the CBO—known for gloomy national debt data—is optimistic that a crisis will be avoided
Dr Phillip Swagel is an optimist, both by nature and when he looks at the U.S. economy.This fact is perhaps…
The U.S. government has a lot to pay for at the moment: in addition to mandatory spending like Social Security,…
Next generation of senators inherits a national debt time bomb: Social Security’s insolvency
The Committee for a Responsible Federal Budget (CRFB) has a ticker on its website: The Retirement Trust Fund Countdown. At…
The Congressional Budget Office’s latest monthly budget says the U.S. government operated at a deficit of $1.17 trillion for the…
The U.S. spends $88B a month in interest on national debt, equal to defense and education spending
The problem with an increasing debt burden is that it costs more to maintain it: This is precisely the issue…












