"This is not the future any of us want, and it’s no way to run a great nation like ours." LARGE DEFICITS, HIGH INTEREST RATES MAKING FEDERAL DEBT LESS SUSTAINABLE The unrelenting increase is ...
The U.S. national debt surpassed $36 trillion for the first time in the nation's history on Friday as the federal government continues to accumulate debt at a record-setting pace. New data from ...
You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit.
The reason: The ratio of federal debt outstanding held by the public ... has been stable over the past 50 years at 18% of GDP. The counter argument from Democrats is that there has been ...
The national debt is now growing at $6.6 billion daily. But it is not just the size of the debt that should trouble us. Government is increasingly spending on short-term consumption and income ...