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Keyword: nationaldebt

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  • 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...
  • Obama’s Tax Collections Surpass $20,000,000,000,000; Still Runs Up Debt by $8,878,290,996,028

    09/14/2016 5:20:00 AM PDT · by Olog-hai · 12 replies
    Cybercast News Service ^ | September 13, 2016 | 2:45 PM EDT | Terence P. Jeffrey
    With the additional $231,327,000,000 in taxes that the U.S. Treasury collected in August, according to the Monthly Treasury Statement released today, President Barack Obama has now presided over more than $20,000,000,000,000 in federal tax collections during the 91 full months he has served in the Oval Office. From February 2009 through August 2016, the Treasury collected approximately $20,197,437,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements. During those same 91 months, the federal debt rose from $10,632,005,246,736.97 to $19,510,296,242,765.66—an increase of $8,878,290,996,028.69. …
  • The Real Existential Threats of 2016

    08/16/2016 11:26:08 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | August 16, 2016 | Pat Buchanan
    On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items -- Medicare, Medicaid, Social Security, defense -- rising, and GDP growing at 1 percent, future deficits will exceed this year's projected $600 billion. National bankruptcy, then, is among the existential threats to the republic, the prospect that we will find ourselves in the not-too-distant future in the same boat with Greece, Puerto Rico and Illinois. Yet, we drift toward the falls, with the issue not debated. Ernest Hemingway reminded us of how nations escape...
  • Trump reverses on federal debt: 'This is the time to borrow'

    08/12/2016 4:41:01 AM PDT · by Kevin C · 82 replies
    Washington Examiner ^ | 8/11/2016 | Joseph Lawler
    Donald Trump appeared to change his stance on the federal debt Thursday, saying that, with interest rates low, the U.S. should borrow money to spend on infrastructure rather than lowering the $14 trillion federal debt. "This is the time to borrow," the Republican candidate said in an interview on CNBC Thursday morning. "Normally, you would say you want to reduce your debt, and I would like to reduce debt too," Trump said, before explaining that "the problem is you have a military problem, you have an infrastructure problem — a tremendous infrastructure problem, and you have other problems. And also,...
  • Obama Has Collected $19,966,110,000,000 in Taxes; Incurred $8,795,689,333,049 in Debt

    08/10/2016 7:48:51 PM PDT · by Olog-hai · 20 replies
    Cybercast News Service ^ | August 10, 2016 | 4:05 PM EDT | Terence P. Jeffrey
    During the 90 full months President Barack Obama has completed serving in the White House—February 2009 through July 2016—the U.S. Treasury collected approximately $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements. During those same 90 months, the federal debt rose from $10,632,005,246,736.97 to $19,427,694,579,786.64—an increase of $8,795,689,333,049.67. In July, according to the Monthly Treasury Statement released today, the federal government took in $209,998,000,000 in taxes and spent $322,813,000,000—running a one-month deficit of $112,815,000,000. So far in fiscal 2016, according the Treasury statement, the federal government has collected approximately $2,678,824,000,000 in taxes and spent approximately $3,192,487,000,000—running...