Tag: National Debt
Who Owns $21.5 Trillion of the U.S. National Debt?

The U.S. national debt has nearly reached $22 trillion, rising by nearly $500 billion since the U.S. government’s 2018 fiscal year ended on September 30, 2018.

A Very Bad Start in 2019

Despite collecting record levels of revenues from taxes, somehow the Gov. is managing to increase its spending even more.

The Fed and the U.S. National Debt

Now that the Fed has changed its policies, U.S. taxpayers will be forced to bear a larger burden in paying for the full cost national debt.

Interest Due on U.S. National Debt Starts to Explode

The interest due on U.S. national debt has put the gov on a course to spend more on debt than national defense.

The Return of Trillion Dollar Deficits

Federal Student Loan program driving national debt.

Unlawful Obamacare Fees to Add to National Debt

HHS must reimburse states for unlawfully compelling them to pay the Affordable Care Act’s Health Insurance Provider Fee (HIPF).

An Ugly Hockey Stick of Student Loan Debt

The U.S. government has cumulatively borrowed more than a trillion dollars to be in that business of making student loans.

National Idolatry and Constitution Day

By federal statute, September 17 is designated as a holy day in the American civic religion. On that day in 1787, the delegates to the Philadelphia Convention affixed their signatures to the document that they had created and that governs us today. The website constitutionday.com encourages public demonstrations of love for the Constitution and...
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The Federal Budget in Plain English

According to the President’s Office of Management and Budget, the 2016 federal budget looks like this (p. 115): Now let’s pretend this is a household budget by removing eight zeros: Clearly, this family is financially irresponsible, as rising debt and debt-service costs consume the family budget. To continue the analogy with the federal government,...
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Krugman Attacks Us

When Paul Krugman starts attacking us, we know we’re doing something right. John Maynard Keynes’s presumptive heir, Krugman apparently doesn’t like the findings of our recent book edited by Research Fellow David Beckworth, Boom & Bust Banking: The Causes and Cures of the Great Recession, exposing the profound fallacies of Lord Keynes’s love affair...
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