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Yes, President Obama has made the problem much, much worse, but the scary truth is that the national debt keeps rising inexorably no matter who or which party is in office.
The national debt now stands at $107,000 per citizen, with the debt-to-gross domestic product ratio exceeding 100%.
At the start of 2023, the United States government surpassed its debt limit of $31.4 trillion, and in the months since, the Department of the Treasury has taken extraordinary measures to fund ...
The rise of the federal debt over the past two decades has prompted countless warnings that the United States is approaching a fiscal reckoning, a day when the government won’t be able to drink all it ...
The United States cannot survive and keep spending money that we do not have. Our national debt is so high that we are basically nothing more than a Third World country.
It is also true that as interest payments on the national debt become a greater percentage of annual spending, borrowing more money and kicking can down the road becomes an enticing proposition ...
Concerns about the national debt from Elon Musk and some Republican lawmakers is complicating the path to passage for Trump's ...
Yes, compromise is inevitable, but Congress has a singular chance now to reduce the budget deficit through the Big Beautiful ...
Under Donald Trump, the U.S. national debt grew by nearly $8 trillion, or roughly 25 percent of the debt the United States accumulated during its first 227 years of existence. Joe Biden hasn’t ...
T he growing national debt of the United States, now exceeding $36.2 trillion, has sparked increasing concern among economists, credit rating agencies, and business leaders.
The U.S. has $30.9 trillion in national debt, including $24.3 trillion held by the public and $6.6 trillion in intragovernmental holdings, according to Treasury Department data.
Publicly held debt in the United States will exceed 76 percent of gross domestic product (GDP) in 2013, and chronic deficits are projected to push U.S. debt to 87 percent of the economy in 10 years.