Keyword: nationaldebt

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  • A Constitutional Budget

    05/08/2017 8:22:56 AM PDT · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 05/08/17 | Greg Penglis
    How much a Constitutional Budget would cost? During this entire budgeting and continuing resolution process, there are two words that will never be put together. They are “constitutional,” and “budget.” Why? Because no one in Washington wants to be restrained by the Constitution when it comes to getting money, spending money, and especially spending money they don’t have. Which is why we are some $20 trillion in for the National Debt. But it never had to be this way. It’s one thing to talk about the Constitution. It’s quite another to actually live by it. The Supreme Court doesn’t. They...
  • How Did We Get to $20 Trillion? Here's What the Numbers Show.

    05/03/2017 6:47:44 AM PDT · by SeekAndFind · 16 replies
    Medium ^ | 05/03/2017 | Jonathan Bydlak, President of the Coalition to Reduce Spending. SpendingTracker.org
    In survey after survey, most Americans tell pollsters they want politicians to address the national debt. Support for specific policies may ebb and flow over time, but what rarely changes are the promises politicians make and break in response. Image via Musée McCordAlmost all politicians pledge to spend responsibly while on the stump, but once they’re in office, voters are at the mercy of a system so complex and crisis-driven it becomes all but impossible to know who’s keeping their word.So who is?As only someone who founded and runs an organization dedicated to reforming federal spending can tell you, understanding...
  • Calling all patriots: The Trump tax plan needs your help

    05/01/2017 12:46:12 PM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 05/01/17 | Herman Cain
    This is not going to get done without you. Last week the Trump Administration announced its tax reform proposal. It’s impressive and a major departure from the tax code mess we have today. I believe it’s bold and will work to boost the economy without exploding the national debt. Remember, I have been studying tax reform proposals for decades. I served on the Kemp Commission for Economic Growth and Tax Reform in the early 1990s. I’m very familiar with, and supportive of, the Flat Tax, the Fair Tax and of course my own 9-9-9 plan.
  • It Will Take An Ax, Not A Scalpel, To Control Federal Spending

    04/29/2017 11:55:30 AM PDT · by Tolerance Sucks Rocks · 52 replies
    Inestor's Business Daily ^ | April 27, 2017 | Adam Brandon (Freedomworks)
    The federal government once again hit the debt ceiling. The ceiling limits the amount of money the federal government can borrow — a number that was set at $20.1 trillion. Although the issue should have been dealt with in 2015, then-Speaker John Boehner capitulated to President Obama and postponed the debt limit until March 16, 2017. Since then, the federal debt has grown by $1,414,397,000,000 — more than one trillion in less than two years. President Trump promised during his campaign to bring back American prosperity and make Washington work for everyone — not just for the small group of...
  • After First Hundred Days Media Ignores Trump Decreased US Debt by $100B Since Inauguration

    04/24/2017 7:21:16 AM PDT · by davikkm · 21 replies
    USA Today is reporting that the government may shut down by this coming Friday if Congress does not provide President Trump with a bill to keep it going. Congress returns Monday with just five days left to keep the government from shutting down, and President Trump is adding to the pressure by demanding money for a Southwest border wall and other controversial programs that threaten a bipartisan deal. Lawmakers passed a stop-gap spending bill in December to fund federal agencies through midnight next Friday. Congressional leaders are now scrambling to reach a bipartisan compromise on new legislation to keep the...
  • Smashing the “monsters”: It’s time to address the national deficit

    04/14/2017 11:54:05 PM PDT · by CanaryBlog · 23 replies
    The Canary in The Mine ^ | 04/14/2017 | The Canary
    With the national deficit rapidly approaching 20 trillion, it is truly remarkable how little attention the national deficit is receiving in the daily political debate between the Republican administration and the Democratic opposition but also by media and public. Everybody understands that an at this rate the growing national deficit is not sustainable, and will bankrupt the country. But even maintaining the deficit at current levels burdens our children and grandchildren with unfair obligations, which we did not inherit from our parents and grandparents and, therefore, should not pass on to the next generations. The almost uniform rejection of next...
  • Debt Frozen at $19,808,747,000,000—For 15 Days

    03/31/2017 10:29:59 AM PDT · by Olog-hai · 4 replies
    Cybercast News Service ^ | March 31, 2017 | 12:11 PM EDT | Terence P. Jeffrey
    The portion of the federal debt that is subject to a legal limit set by Congress plummeted by $56,758,000,000 on March 15 hitting its lowest level of 2017, according to the Daily Treasury Statement. On that same day, the federal debt hit its legal limit, according to the same Daily Treasury Statements. For the 15 days since then, according to the Treasury’s statements, the debt subject to the limit has been frozen at $19,808,747,000,000—approximately $25 million below the new legal limit. The debt was able to hit its legal limit—even on a day when it was plunging dramatically—because when the...
  • Debt limit looks like a real struggle after AHCA debacle

    03/24/2017 6:48:01 PM PDT · by Drago · 20 replies
    Marketwatch.com ^ | 03/24/2017 | Steve Goldstein
    The annual wrangling around the debt limit was set to disappear, pundits thought, since Republican control of both the executive and legislative branch would effectively make any showdown over such a silly exercise an own goal. That’s the current view in the Trump White House at least. “We’ve spent the money. The concept of the debt limit is somewhat of a ridiculous concept,” said Treasury Secretary Steven Mnuchin on Friday. “I am hopeful that this something Congress addresses before the [summer] break. I think everybody understands we need to raise the debt limit, and that’s something we’re going to do.”...
  • Dems Threaten to Shut Down Government, Media Yawn; Scolded GOP in 2013 for Shutdown

    03/13/2017 5:18:50 PM PDT · by Kaslin · 18 replies
    Newsbusters.org ^ | March 13, 2017 | Kristine Marsh
    Who can forget when the media spent endless days of outrage hyperventilating that Republicans would “shutdown the government” in 2013? Well the media had quite the opposite reaction Monday when Democrats threatened to do the same thing, not even two months into Trump’s presidency.n a letter to Senate Majority leader Mitch McConnell Monday, Minority Leader Chuck Schumer and other top Democrats warned Republicans that they would obstruct any budget that allowed funding for a border wall or took away funding from the EPA, before the current resolution to fund the government is up April 28. Schumer has made similar threats...
  • Amazing: US Debt Decreased by More Than $60 Billion Since Trump Inauguration

    03/10/2017 7:52:14 AM PST · by HarleyLady27 · 20 replies
    gatewaypundit ^ | March 10, 2017 | Jim Hoft
    The US debt reduced by more than $60 Billion since the Trump Inauguration! On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On March 8th, more than a month later, the US Debt load stood at $19,879 billion. Trump has cut the US Debt burden by $68 billion and 0.3% in since his inauguration!
  • Media Freaks After Trump Decreases National Debt by $12 Billion (Includes Data From U.S. Treasury)

    02/25/2017 4:16:53 PM PST · by Rufus Shinra · 21 replies
    Trump Conservative ^ | 2/25/2017 | Rufus Shinra
    President Trump has done what has seemed like an impossible task for recent administrations, and that is to actually curb government spending and reduce the national debt by $12 Billion during his first month in office. Trump announced his achievement of reducing the national debt by sending out a tweet, which quickly caused the media to scramble for stories that could diminish this financial victory. The day before Trump was sworn into office, January 20, 2017, the national debt was $19,947 billion. A month later on February 21, 2017, the US debt was reduced to $19,935 billion, a decrease of...
  • National debt down $12 billion in President Trump's first month

    02/25/2017 9:38:02 AM PST · by Trump20162020 · 37 replies
    Twitter ^ | February 25, 2017 | Donald Trump
    The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.
  • Amazing! Trump Cuts US Debt by $12 Billion In His First Month

    02/23/2017 7:24:50 AM PST · by davikkm · 57 replies
    On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On February 21st, a month later, the US Debt load stood at $19,935 billion. Trump cut the US Debt burden by $12 billion and 0.1% in his first month in office! On January 20, 2017, the US debt was $19.947 billion. On February 21, 2017, the US debt was $19,935 billion.
  • How Tennessee Could Be About To Start A Constitutional Crisis (Article V)

    02/22/2017 10:54:09 PM PST · by Perseverando · 86 replies
    Zero Hedge ^ | February 22, 2017 | Tyler Durden
    The State Senate of Tennessee has laid the legislative groundwork for something that hasn't been done in the United States of America since the Constitutional Convention of 1787 in Philadelphia. With a vote of 27-3, the Tennessee Senate has voted to call a "convention of the states" in order to draft and pass an amendment to the Constitution that would require balanced budgets to be passed every year. For those who are little fuzzy on their high school U.S. history knowledge, the Tennessean explains that the U.S. Constitution can be amended in two ways. The first would require a two-thirds...
  • The Household Debt Meltdown

    02/20/2017 2:20:16 PM PST · by Lorianne · 13 replies
    Banyan Hill ^ | 17 February 2017 | Jocelynn Smith
    America has a debt problem. That shouldn’t come as a surprise. For as long as I can remember, we’ve had a debt problem. Americans have been endlessly told that debt is good. It builds good credit, and a little debt spending can help light a fire under the economy. According to the U.S. Debt Clock, the U.S. national debt has soared to $19.98 trillion, and it’s still climbing at a frightening pace. Approximately $20 trillion is more than a little debt spending, and the current administration is ready to whip out the White House credit card and spend at a...
  • Pelosi: Were It Not for Obama, $19,951,756,200,280 Debt Would Be Higher

    01/13/2017 10:08:24 PM PST · by Olog-hai · 43 replies
    Cybercast News Service ^ | January 13, 2017 | 2:00 PM EST | Penny Starr
    House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that were it not for "the work" of President Barack Obama, the federal debt would have increased even more than the $9 trillion that it has increased over the eight years of his presidency. “Absent the work of President Obama this national debt would be even higher,” Pelosi said at her weekly briefing with reporters at the Capitol when asked about the increase in the federal budget under Obama. […] “As I’ve said over and over again: Show me your budget, show me your values,” Pelosi said. “And we see today...
  • Visualizing Donald Trump's $20 Trillion Problem

    01/13/2017 7:07:33 AM PST · by Perseverando · 26 replies
    ZeroHedge.com ^ | January 13, 2017 | Tyler Durden
    Only a few days after Trump’s inauguration ceremony, the U.S. National Debt will creep across the important psychological barrier of $20 trillion. It’s a problem that’s been passed down to him, but, as Visual Caitalist's Jeff Desjardins notes, it certainly puts the incoming administration in a difficult place. The debt is burdensome by pretty much any metric, and the rate of borrowing has exceeded economic growth pretty much since the late 1970s. How Trump deals with this escalating constraint will be a deciding factor in whether his administration crashes and burns – or ends up re-positioning America for greatness. Donald...
  • Obama: ‘We’ve Made Extraordinary Progress’ Over the Past 8 Years

    01/01/2017 6:01:27 AM PST · by Cheerio · 45 replies
    Breitbart ^ | 31 Dec 2016 | IAN HANCHETT
    During Saturday’s Weekly Address, President Obama reflected on his time in office and touted the “extraordinary progress” the country has made over the last eight years. Transcript as Follows: “Happy New Year, everybody. At a time when we turn the page on one year and look ahead to the future, I just wanted to take a minute to thank you for everything you’ve done to make America stronger these past eight years. Just eight years ago, as I prepared to take office, our economy teetered on the brink of depression. Nearly 800,000 Americans were losing their jobs each month. In...
  • McConnell, Warning of ‘Dangerous’ Debt, Wants Tax Cut Offsets

    12/12/2016 4:14:17 PM PST · by madison10 · 64 replies
    Bloomberg | 12/12/16 | Steven T. Dennis & Sahil Kapur
    Link Only: https://www.bloomberg.com/politics/articles/2016-12-12/mcconnell-warning-of-dangerous-debt-wants-tax-cut-offsets
  • Civil War II - Fourth Turning Is Intensifying (Part 2)

    11/05/2016 4:41:53 PM PDT · by Perseverando · 20 replies
    Zero Hedge ^ | November 5, 2016 | Jim Quinn
    In Part One of this article I laid out the case against the criminal establishment and how the regeneracy is being driven by the anti-establishment sentiment sweeping across the land. This atonement Fourth Turning will de-establish decade’s worth of delusional decisions. This election has destroyed the last vestiges of trust in this fraudulent system. This dysfunctional rigged presidential election reflects the tearing of the civic fabric at points of maximum susceptibility. As a country we have neglected, denied, or delayed necessary action on a plethora of vital issues threatening our long term viability as a nation. The deferral of difficult...