Free Republic

For years, Americans have heard warnings about the national debt climbing into the tens of trillions of dollars. The numbers have become so large that they barely register anymore. Thirty trillion. Thirty-five trillion. Nearly forty trillion. But the real danger may no longer be simply how much America owes. It is how much America must now pay to keep borrowing. The U.S. Treasury is selling 30-year government bonds at yields around 5.2%, potentially the highest borrowing cost for that maturity in roughly a quarter century. That may sound like something only Wall Street investors should care about. It isn't. Because...

(The Center Square) – The latest federal numbers show the U.S. deficit is soaring as President Joe Biden heads out of office. The U.S. Congressional Budget Office released its monthly budget review on Monday, which showed that in the first two months of this fiscal year, the federal government has run up a deficit of $622 billion. “That amount is $242 billion more than the deficit recorded during the same period last fiscal year,” CBO said in its report. That figure means the deficit is nearly 40% higher than this time last year. “The most alarming turkey in November was...