U.S. National Debt Surpasses $34 Trillion
The U.S. national debt surpassed $34 trillion for the first time in history on Friday, according to U.S. Treasury data. The growing record debt only highlights the need for political leaders to...
Tag: National debt
Government Interest Payments Now Top Defense Spending
For fiscal year 2023 through August, over $807 billion has been spent in interest on the nation’s debt securities, while defense spending totaled around $696 billion. ...
Why Is America Addicted to Debt?
America has a debt problem. This week’s news headlines, dominated by the battle over the debt ceiling bill, are the perfect reminder of this. The battle wasn’t over whether to add...
Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck With the Bill
We have no real say in how the government runs, or how our taxpayer funds are used, but we’re being forced to pay through the nose anyhow. ...
Republicans Demand Spending Cuts Before Raising Debt Ceiling
No matter what happens with the debt ceiling, it will be the American taxpayer who will once again have to pay for our fiscally irresponsible government. ...
Treasury Prevents Default for Now as America Reaches Debt Limit
The United States reached its debt limit of $31.4 trillion dollars on Thursday, leading the Treasury Department to begin using “extraordinary measures” to ensure the federal government will not default on...
U.S. National Debt Tops $31 Trillion
President Biden’s poor fiscal management of government spending was exposed this week with the release of the Treasury Department’s data pegging the gross national debt of the United States at over...
Is Our $27 TRILLION National Debt Now Too Scary to Even Discuss?
Once a sense of futility sets in, people just give up. This truth comes to mind when pondering our national debt, now a whopping $27 trillion. For unlike Harry Potter’s Voldemort,...