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.
Despite collecting record levels of revenues from taxes, somehow the Gov. is managing to increase its spending even more.
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.
The interest due on U.S. national debt has put the gov on a course to spend more on debt than national defense.
Federal Student Loan program driving national debt.
HHS must reimburse states for unlawfully compelling them to pay the Affordable Care Act’s Health Insurance Provider Fee (HIPF).
The U.S. government has cumulatively borrowed more than a trillion dollars to be in that business of making student loans.
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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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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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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Tags: American History, Books, Budget and Tax Policy, central bank, David Beckworth, deficit spending, Economics, Fannie Mae, Federal Reserve, Fiscal Cliff, Free Market, free market economics, Government subsidies, Great Depression, Great Recession, John Maynard Keynes, Keynesian economics, monetarism, Money and Banking, National Debt, Nationalization, Politics, Presidential Power, Propaganda, Scott Sumner, Taxation, The State, Unemployment