GOP launches hearings on national debt
The House Financial Services Committee is launching a series of hearings to explore the $17.5 trillion national debt, starting with a Tuesday meeting to discuss "Why Debt Matters.""As federal deficits...
View ArticlePoll: Voters link economic health with nation's debt level
An overwhelming majority of voters link the health of the nation’s economy with the amount of national debt, according to a poll released Monday.All told, 91 percent of respondents say that a stable...
View ArticleWhistling past the graveyard of great powers?
"Every civilization that has ever existed has ultimately collapsed."—Former Secretary of State Henry KissingerMay 21 should have been a wake-up call for the United States. The threat of an ongoing...
View Article3 steps the new Congress should take to control spending and debt
The new Congress has an opportunity to rein in growing spending and debt. They should seize it.Last year, lawmakers waived the debt limit to March 2015, then remained largely silent about the economic...
View ArticleNational debt top concern of voters heading into 2015
A majority of voters say the nation's long-term debt should be the top concern for lawmakers heading into 2015.A new index released on Tuesday shows that 80 percent agree that the more than $17...
View ArticleThe debt limit is back — What now?
It's back. The debt limit returned on Monday, March 16. And at $18.1 trillion, debt subject to the limit is roughly $1 trillion higher than when Congress temporarily suspended the limit on borrowing...
View ArticleA simple pledge to tackle our exploding debt
There is a group called Fix the Debt (of which, under full disclosure, I am supportive) that is working in Iowa, New Hampshire and South Carolina, using tried-and-true political tools: Their slogan is...
View ArticleJohn Feehery: US debt not up for debate
It was slightly less than eight years ago when Barack Obama made a name of himself at the annual Jefferson-Jackson dinner in Iowa.Back then, the Illinois senator agreed with Thomas Jefferson and Andrew...
View ArticleEx-GAO head: US debt is three times more than you think
The former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion. Dave Walker, who headed the Government Accountability Office...
View ArticleThe next president's fiscal mess of an inheritance
Whoever prevails in this year's presidential election will inherit a fiscal mess, the magnitude of which is only now becoming apparent. The federal budget deficit, having bottomed out last year at...
View ArticleTrump takes back claim he could eliminate national debt
Republican presidential front-runner Donald Trump this week walked back his assertion that he could eliminate the country’s debt after two terms as president.In an interview with Fortune Magazine...
View ArticleDon't take military lessons from Greece
Flashpoint: The nation’s military needs to spring into action to combat a threat. Unfortunately, the government scarcely has the funding to pay members of the armed forces. Planes remain grounded and...
View ArticleTax plan would hardly boost growth, add trillions to deficit: study
The Republican tax plan would add more than $2 trillion to United States debt in 10 years and only boost gross domestic product by up to 0.83 percent, according to a Penn Wharton Budget Model (PWBM)...
View ArticleThe biggest political scandal of our time is the national debt
The biggest political scandal of our time is not the Donald Trump-Russia investigation. It is not the infamous tarmac meeting between Bill Clinton and Loretta Lynch. And no, it is not Hillary Clinton’s...
View ArticleEx-Obama Treasury secretary: Tax cuts 'leaving us broke'
Former Treasury Secretary Jack Lew expressed concerns about the new GOP tax law's impact on the debt, arguing that it is "leaving us broke" and could lead to cuts in social safety net programs."I fear...
View ArticleTrump sounded downright Keynesian in SOTU speech
President Donald Trump delivered his first State of the Union address to Congress and the American people. How did he do? What he did not address may be as significant as what he did, but one policy he...
View ArticleTax, spending laws will add $2.4 trillion to debt: watchdog
The GOP's signature tax-reform legislation and a bipartisan deal to increase spending will add around $2.4 trillion to the national debt over the next decade, according to a study by the Committee for...
View ArticleUS could spend more on servicing debt than defense by 2024: study
The amount of money the U.S. government spends servicing its debt would surpass defense spending by 2024 and Medicaid spending by 2021, according to a study by the Committee for a Responsible Federal...
View ArticleGOP tax law will add $1.9 trillion to debt: CBO
The GOP's signature tax law is projected to increase the national debt by $1.9 trillion between 2018 and 2028, according to a new report by the Congressional Budget Office (CBO).According to the...
View ArticleAdvocacy group poll: Concerns about debt rising
Voters’ concerns over rising deficits and the national debt grew in April as the GOP tax law and $1.3 trillion spending bill went into effect, according to a monthly poll from the Peter G. Peterson...
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