“United States public debt” on The Daily Caller

President Obama’s speech Wednesday is no different than any of the speeches that came before it. (more)

In the coming weeks, Congress will consider legislation to raise the debt ceiling. In fact, to actually call it a debt “ceiling” is one of the biggest frauds in the American political lexicon. As our government continues to spend without paying for it, our irresponsible $14 trillion national debt continues to explode, and the debt ceiling moves right along with it. There has got to be a way to force Congress to rein in the debt and be more careful with taxpayers’ money. (more)

The government will not shut down — a least not for another two weeks. President Obama signed a measure last Wednesday that would finance the government until March 18th. The plan cut only $4 billion in spending from a budget that will overspend by $1.5 trillion.  (more)

The U.S. government is so concerned about China’s military and intelligence goals that it monitors and at times restricts Chinese investments in the U.S. down to even very small transactions. Yet nobody in Washington seems to be asking if selling our debt to China in amounts totaling hundreds of billions or even trillions of dollars poses any long-term risk to the United States. (more)

President Obama projects that the gross federal debt will top $15 trillion this year, officially equalling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years’ time. (more)

Pivotal moments for a presidency rarely happen on a schedule: acts of terrorism, natural disasters, and sudden financial crises are usually the kind of events that intervene to dominate a political era. Yet, Monday’s release of the president’s new budget could end up being one of those moments that set a new course for our nation’s fiscal and economic future. (more)

House Budget Committee Chairman Paul Ryan challenged Federal Reserve Chairman Ben Bernanke’s policy of so-called quantitative easing – the printing of new U.S. dollars to buy government debt – and raised concerns that a weakened dollar and inflation could cause the loss of the currency’s global reserve status. (more)

I think it is finally time to take that trip to Egypt I have been putting off. Chaos. Discontent. Violence in the streets. Witnesses say as many as 10,000 prisoners have escaped amidst the unrest. In Egypt, they call it Cairo. In America, we call it New Jersey. (more)

Here’s the spin and the facts from the White House – and from Republicans – on the spending freeze in President Obama’s State of the Union address. (more)

Sen. Pat Toomey introduced a bill Tuesday aimed at laying out a path for the federal government to avoid default on its obligations if the debt limit is not raised in the coming months. (more)

America is in a financial crisis. For years, politicians on both sides of the aisle have ignored the 800-pound gorilla in the room — our climbing $14 trillion national debt. That trend seems like it will continue with reports coming out over the weekend that President Obama will request more government spending in the State of the Union. I had hoped that a detailed plan on how to curb our government’s overspending would be the focus of the president’s speech. However, it looks like what he really wants is, in essence, another stimulus. We all know that the stimulus package passed during the early days of this administration failed miserably and contributed to the $14 trillion debt. If we do not address the ever-increasing debt, America may sink into a dangerous financial abyss.  (more)

Peter Orszag, President Obama’s former White House budget chief, issued a dire warning to the nation Friday about the inability of Democrats and Republicans to overcome political motivations and act to prevent a fiscal crisis. (more)

The unemployment rate and the nation’s increasingly precarious fiscal position – its enormous budget deficits and its ballooning debt – will be the dual points of emphasis in President Obama’s second State of the Union address on Tuesday. (more)

A top official at the U.S. Chamber of Commerce said Thursday that the nation’s largest business lobby would support eliminating most of the tax loopholes obtained by large corporations to move toward comprehensive tax reform that resulted in lower rates. (more)

For too long, our government has been fiscally irresponsible and allowed reckless spending that has added three trillion dollars to the national debt in just the two years since Obama took office. In fact, since Democrats took control of Congress in 2007, we’ve seen our debt level increased by 91 percent. These actions have serious consequences. The health of the American economy is at risk, and we must work together to put America back on the path to prosperity. (more)

I’ll admit to not being an economist; but as the son of a banker, I have almost an innate appreciation for the importance of meeting obligations. The recent discussion in Washington about raising the debt ceiling has brought about serious concerns from the financial community about the consequences of not doing so. (more)

Treasury Secretary Tim Geithner sent a cage-rattling letter to congressional leaders Thursday, warning that a failure to raise the debt limit could plunge the nation into an economic crisis more severe than 2008′s and cost millions of jobs. (more)

As pundits and bloggers over the coming months celebrate, deprecate, or otherwise pontificate about the secession of Southern states from the Union 150 years ago, it would be well to remember Alexander Hamilton’s claim that the “national debt, if not excessive, will be to us a national blessing; it will be a powerful cement of our union” because both of those claims have been proven correct time and again. (more)

A majority of Americans feel that America has is “on the wrong track,” and that they are worse off than they were in 2008. (more)

Discussions about deficits and debt reduction inevitably center on whether and how to reduce government spending or increase tax rates. Proponents of increasing taxes argue over what level tax rates should be increased to and for which segments of the population. Proponents of decreased spending debate which federal programs should be trimmed or eliminated altogether. But this choice is a classic false dichotomy. If we grow the economy enough, we won’t have to rely on massive tax hikes or spending cuts. (more)