Puerto Rico’s astonishing nominal debt level, moreover, stands in the face of its relatively small economy.
‘The outstanding public debt is $20,162,176,797,904.13 as of Sept. 8’
It’s not too late to turn things around — but soon it might be.
Trump’s budget doesn’t even include absolute cuts. It just slows the rate of spending increases.
A recent march madness tournament showed promising signs on the horizon for the millennial generation.
Studies reveal a dangerous lack of knowledge on this issue.
‘Government’s unsustainable long-term fiscal path’
‘That is debt you owe just as surely as if it appeared on your credit card statement this month’
‘Grand promises of future savings while our national debt continues to skyrocket’
“Treasury apparently directed the New York Fed not to answer valid Congressional oversight inquiries because Treasury knew the answers would expose the dishonesty of the Administration’s public statements,” Report by House Financial Services Committee
The dysfunction is not a potential showdown on Capitol Hill, it’s spending, deficits, and debt.
Current US debt stands at $16.7 trillion
‘Liberals in Congress and the White House continue to call for more revenue. Here is their chance’
The late budget plan is really an early piece of Obama’s election-day plan for November 2014, say GOP staffers.
The US has a $16.4 trillion deficit right now
Foreign-held debt reaches new record of $5.5 trillion
The top threat to our nation’s security is the national debt.
But Romney’s plan would still raise debt to $19 trillion by 2016
“America must lead. And for that to happen, we have to strengthen our economy here at home.’
The Motley Fool calls out ten of the most wasteful government funded programs