Tag: National Debt
Fed Chief Warns That National Debt Trend Will Choke Economic Growth

Less than two months after acting to bail out the nation’s money markets because of a liquidity crisis that arose from a surge in U.S. government borrowing to fund its spending, Federal Reserve Chair Jerome Powell testified before the U.S. Congress that the federal government’s current course of debt-fueled spending is on an “unsustainable...
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How Leviathan Grew in 2019

The U.S. Treasury Department has released its final monthly treasury statement for the federal government’s 2019 fiscal year, including its final accounting for the entire year. It paints a scary picture of how the growth of government spending is behind the government’s resurgent annual budget deficit, which totaled $984 billion for the year, narrowly...
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The Return of Quantitative Easing

The new financial crisis could have been avoided, if only a bipartisan majority of politicians in Washington, D.C., could have restrained the growth of their spending to sustainable levels.

A Surprise Trillion Dollar Deficit

In truth, the surprise trillion-dollar deficit for the first 11 months of fiscal 2019 really isn’t much of a surprise.

Who Are the U.S. Government’s Biggest Creditors?

The Treasury Department has recently revised and updated its estimates of who the U.S. government has borrowed from for its 2018 fiscal year.

Can Congress Restrain Its Promiscuous Spending?

What would it take to balance the U.S. government’s budget over the next 10 years?

Trump’s Trade War Makes Us All Losers

The commercial war between the world’s superpower and the Chinese dictatorship has affected the U.S. economy, which has dropped from an annual rate of growth of 4 percent to 2 percent.

How Uncle Sam’s Borrowing Binge Might Spark a New Financial Crisis

The sale of U.S. Treasuries in a relatively short period of time appears set to cause problems in global credit markets.

The Worst Budget Deal in History

As in 2009 and 2010, it is unlikely that we will see greater prosperity in the future as a result of the 2019 budget deal.

Booming Spending Outweighs Record Tax Collections

Where the primary cause of the U.S. government’s growing deficits and national debt is concerned, it’s the spending, stupid!

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org