Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $11,508
14%  
Woo hoo!! And now less than $700 to reach 15%!! Thank you all very much!! God bless.

Keyword: debt

Brevity: Headers | « Text »
  • Federal Reserve Security Debt Dealers and Brokers, FRED chart

    07/18/2025 7:52:35 AM PDT · by delta7 · 10 replies
    Federal Reserve ^ | Jun 25 | Federal Reserve
    Fed Chart.
  • Report: America’s Debt Situation Will Soon Be Worse Than Right After World War II

    07/17/2025 9:34:29 PM PDT · by SeekAndFind · 17 replies
    The Federalist ^ | 07/17/2025 | Christopher Jacobs
    Our country cannot get its fiscal house in order unless and until it starts slowing the explosion of Medicare spending.The budget reconciliation measure Congress recently passed includes some important reforms designed to help reduce entitlement spending. But any realistic assessment of the nation’s fiscal position reinforces why Washington must go much further in reducing spending than the half-measures enacted in recent weeks.In March, as lawmakers were beginning debate on the “big, beautiful bill,” the Congressional Budget Office released its annual version of the “Long-Term Budget Outlook,” which features economic and budgetary projections for the next three decades. The CBO report...
  • Judge nixes a Biden rule in order to keep medical debt on credit reports

    07/15/2025 8:05:50 PM PDT · by Racketeer · 35 replies
    CNN ^ | July 15, 2025 | Tami Luhby
    Americans’ unpaid medical bills will remain on their credit reports after a federal judge last week vacated a Biden-era Consumer Financial Protection Bureau (CFPB) rule that would have removed such debt. Judge Sean Jordan of the US District Court of Texas’ Eastern District found that the rule exceeded the bureau’s authority under the Fair Credit Reporting Act, agreeing with the arguments of two industry associations, which had filed a lawsuit against the rule that was later joined by the Trump administration. The court found that “every major substantive provision of the Medical Debt Rule” exceeded the CFPB’s authority, Jordan, a...
  • America has reached a turning point on debt

    07/10/2025 9:10:12 PM PDT · by SeekAndFind · 85 replies
    American Thinker ^ | 07/10/2025 | William A. Owens, Barry W. Poulson
    The Big Beautiful Bill Act (BBBA) will add trillions of dollars to the national debt over the next decade. Elon Musk is right that this is a turning point for American citizens. It is now clear that neither political party has the will to enact a fiscally responsible budget or solve the debt crisis. Musk threatens to form a third party if Congress kicks this can down the road. The budget process is broken, as special interests continue to carve out their bits of a spoils system. Congress is not even willing to discuss reforms in Social Security and Medicare....
  • Tucker Carlson Goes OFF On ‘Sleazy’ Sports Gambling Giants DraftKings and FanDuel: ‘Those Are the Villains’

    07/09/2025 10:34:10 AM PDT · by marcusmaximus · 52 replies
    Mediaite ^ | 7/9/2025 | AHMAD AUSTIN JR.
    Tucker Carlson took aim at the major sports betting companies for their “predatory” behavior that has led to massive gambling debt on Tuesday. In a new episode of The Tucker Carlson Show, Carlson and guest Saagar Enjeti drew parallels between the issues of gambling debt and credit card debt. The conversation first began with Enjeti giving a brief history lesson detailing how sports betting became so popular in the last few years. Then, Carlson compared the sports betting giants to credit card lenders and explained why, in his opinion, Americans simply shouldn’t pay the debts he deemed predatory: CARLSON: Why...
  • Trump: ‘We have to’ send Ukraine more weapons

    07/07/2025 6:05:22 PM PDT · by Apparatchik · 196 replies
    The Hill ^ | 7 July 2025 | Brett Samuels
    President Trump said Monday his administration would send Ukraine additional weapons after his administration imposed a pause on some shipments to Kyiv. “We’re going to send some more weapons. We have to. They have to be able to defend themselves. They’re getting hit very hard now,” Trump told reporters during a dinner with Israeli Prime Minister Benjamin Netanyahu. “Defensive weapons, primarily, but they’re getting hit very, very hard. So many people are dying in that mess,” he added. The Pentagon last week confirmed a decision to halt the delivery of some air defense missiles and munitions to Ukraine, citing concerns...
  • The US Treasury just shocked Americans with a $258 billion surplus — its 2nd biggest monthly surplus in history. Is Trump’s plan surprisingly working?

    07/02/2025 7:42:04 PM PDT · by anthropocene_x · 62 replies
    moneywise ^ | June 26,, 2025 | Jing Pan
    Budget deficits are something we’ve come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn’t be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise. In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion. That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022’s $308.2...
  • Medicaid in the bill

    07/02/2025 5:18:58 PM PDT · by napscoordinator · 41 replies
    NAPSCOORDINATOR ^ | 2 July 2025 | NAPSCOORDINATOR
    A vanity that I have done in years.
  • The Debt Ceiling Is a Fiscal Fraud: Abolish It

    07/02/2025 11:09:34 AM PDT · by MtnClimber · 27 replies
    AMUSE on X ^ | 1 Jul, 2025 | @AMUSE
    The idea sounds prudent enough: limit the amount the federal government can borrow and you limit its ability to overspend. But this, like many Washington contraptions, is a mirage. The debt ceiling, as it currently functions, is not a tool of restraint. It is a lever of dysfunction, a mechanism that paradoxically leads to more spending, higher deficits, and greater economic instability. It is a relic that should be scrapped entirely. This might surprise even some conservatives. Elon Musk, no stranger to fiscal rigor, recently argued against raising the debt ceiling in the so-called Big Beautiful Bill. His instinct is...
  • Republican Senate Tax Bill Would Add $3.3 Trillion to the US Debt Load, CBO Says

    06/30/2025 7:27:14 PM PDT · by thegagline · 67 replies
    NewsMaxMoney ^ | 06/29/2025 | Staff
    The changes made to President Donald Trump's big tax bill in the Senate would pile trillions onto the nation's debt load while resulting in even steeper losses in health care coverage, the nonpartisan Congressional Budget Office said in a new analysis, adding to the challenges for Republicans as they try to muscle the bill to passage. The CBO estimates the Senate bill would increase the deficit by nearly $3.3 trillion from 2025 to 2034, a nearly $1 trillion increase over the House-passed bill, which CBO has projected would add $2.4 to the debt over a decade.The analysis also found that...
  • Krugman: This Austerity Craze Is Just Mind-Boggling--It's As If We WANT The 1930s To Happen Again

    06/17/2010 8:46:14 PM PDT · by blam · 28 replies · 844+ views
    The Business Insider ^ | 6-17-2010 | Henry Blodget
    Krugman: This Austerity Craze Is Just Mind-Boggling--It's As If We WANT The 1930s To Happen Again Henry BlodgetJun. 17, 2010, 10:07 PM Paul Krugman continues to hammer away on the idea that the world's sudden lurch toward austerity will crush the recovery and send us tumbling back into recession. Suddenly, creating jobs is out, inflicting pain is in. Condemning deficits and refusing to help a still-struggling economy has become the new fashion everywhere, including the United States, where 52 senators voted against extending aid to the unemployed despite the highest rate of long-term joblessness since the 1930s. Many economists, myself...
  • Student Loan Defaults Loom For Millions As Trump Administration Resumes Debt Collections

    06/27/2025 5:46:42 AM PDT · by SeekAndFind · 29 replies
    Daily Voice ^ | 06/27/2025 | Chris Spiker
    Millions of federal student loan borrowers are just weeks away from default as serious delinquencies surge to record highs after the Trump administration resumed debt collections, economists say. Nearly one-third (31%) of federal borrowers with a payment due were at least 90 days late in April, according to a new report from TransUnion released on Tuesday, June 24. That's nearly triple the pre-pandemic rate of 11.7% and the highest figure on record. Just 0.3% of borrowers were in default by April, but with nearly 5.8 million now more than 90 days late, many are on the brink of defaulting. Once...
  • China shields terrorist

    08/14/2022 1:17:19 AM PDT · by Jyotishi · 5 replies
    The Pioneer ^ | Saturday, August 13, 2022 | Opinion, The Pioneer
    India and the US wanted Jaish-e-Mohammed deputy chief Abdul Rauf Azhar to be designated as a ‘global terrorist’ A month after Beijing shielded Pakistan-based deputy leader of Lashkar-e-Taiba (LeT) Abdul Rehman Makki, an international terrorist, it has done an encore. It has vetoed a similar joint proposal at the United Nations Security Council (UNSC), again by India and the US, to designate Jaish-e-Mohammed (JeM) deputy chief Abdul Rauf Azhar as a “global terrorist.” He is the younger brother of JeM founder Maulana Masood Azhar, another murderous jihadist. India was understandably incensed at China, castigating it for its “double speak” and...
  • US debt clock, 2029

    06/22/2025 4:03:05 PM PDT · by delta7 · 9 replies
    US debt clock ^ | 21 June 25 | US Debt clock
    Streaming Graphic.
  • Happy $37 Trillion in Debt Day Everyone! (my title)

    06/19/2025 3:32:38 PM PDT · by fhayek · 31 replies
    I don't know how 'official' this site is, but if you follow U.S. Debt Clock.org, we should hit $37 trillion in the national debt sometime after 9:00 pm Eastern Time (if my math is correct, which I wouldn't count on..). If you are the kind of person who likes to watch the odometer in your car turn over, this could be a real treat. Of course, the reality is that we are governed by feckless idiots who have seemingly abandoned all fiscal reponsibility. So, this is really a monument to their uselessness.
  • If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the national debt with nothing left for anything else.

    06/16/2025 10:11:58 AM PDT · by Racketeer · 27 replies
    X ^ | June 16, 2025 | Elon Musk
    How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest in $37 trillion in govt debt? Annually: US govt total reveneue = about $5 trillion ...
  • Interest Rates

    06/07/2025 6:12:05 AM PDT · by delta7 · 51 replies
    Truth Social ^ | 6 June 25 | President Trump
    “If “Too Late” at the Fed would CUT, we would greatly reduce interest rates, long and short, on debt that is coming due. Biden went mostly short term. There is virtually no inflation (anymore), but if it should come back, RAISE “RATE” TO COUNTER. Very Simple!!! He is costing our Country a fortune. Borrowing costs should be MUCH LOWER!!!”
  • Cook County erases nearly $665 million in medical debt for more than a half million residents

    06/06/2025 5:29:11 PM PDT · by ChicagoConservative27 · 22 replies
    Wbez ^ | 06/05/2025 | Kristen Schorsch
    Cook County has erased nearly $665 million in medical debt for local residents since launching the effort in 2022, according to new figures released Thursday. County leaders are celebrating the latest milestone of the program, which has so far helped almost 557,000 people have some of their debt abolished. The effort has relieved the most debt for people on Chicago’s South and West sides and in the south and west suburbs.The amount erased ranges from around $600 to $4,000 on average per person depending on where they live.
  • Elon Musk is Lashing Out at Trump’s ‘Big Beautiful Bill,’ But He’s Missing This Critical Point.

    06/06/2025 8:42:32 AM PDT · by SeekAndFind · 13 replies
    PULSE POINTS:❓What Happened: The Office of Management and Budget (OMB) says its analysis of President Donald J. Trump’s “One Big Beautiful Bill” finds the legislation introduces historic fiscal reforms, achieving $1.7 trillion in mandatory savings and reducing the deficit by $1.407 trillion. This analysis contradicts a fiscal score released by the Congressional Budget Office (CBO) that claims the bill would increase the deficit by $2.4 trillion.👥 Who’s Involved: President Donald J. Trump, the Congressional Budget Office (CBO), the Office of Management and Budget (OMB), OMB Director Russ Vought, Elon Musk, and the U.S. Congress.📍 Where & When: The OMB’s top-line...
  • How Countries Go Broke: The Big Cycle In a 5-Minute Read

    06/06/2025 8:35:06 AM PDT · by SeekAndFind · 2 replies
    Linkedin Principled Perspective ^ | 06/06/2025 | Ray Dalio, CIO Mentor, and Member of the Bridgewater Board
    Today my latest book, How Countries Go Broke: The Big Cycle , is being released. This note is to share what it says in a nutshell. To me, what matters most is conveying understanding at this critically important moment, so I want to pass the key ideas in extreme brevity in this note, as well as comprehensively in the book, and leave it to you decide how deep you want to go. Where I'm Coming FromI have been a global macro investor for over 50 years, have bet on government debt markets for nearly as long, and have done very...