FISCAL HYSTERESIS: 21st Century SPENDING-DEBT-TAX Circular Tapeworm

By Jim Wesberry | Never Ending Financial Crisis - "what's past is prologue," past derelictions circumscribe future fiscal choices. We are caught in a trap where debt burdens do not fall, but simply shift among sectors and countries, and where monetary policies alone are inadequate to stimulate global demand, rather than merely redistribute it.

Eliminate the Debt, Not the Debt Ceiling

Evangelical Christianity
Health Care

What the $20 Trillion National Debt Means to You

By James D. Agresti September 14, 2017 On September 8, 2017—the same day that Congress and President Trump passed a law suspending the federal debt …

Economics

It's Official: Debt Tops $20 Trillion for First Time; Jumps $317,645,000,000 in 1 Day

(Screen Capture)(CNSNews.com) - The federal debt officially surpassed $20 trillion for the first time on Friday, as the debt subject to the legal …

Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount

Slowly but surely it is becoming increasingly clear to public workers in states with massively underfunded pensions that they've been lied to for the …

An Update to the Budget and Economic Outlook: 2017 to 2027

June 29, 2017CBO projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward …

Economy

Popular Options, Like Cutting Waste, Fraud and Abuse or Growing our Way Out of Debt, are Not Enough

Popular Options, Like Cutting Waste, Fraud and Abuse or Growing our Way Out of Debt, are Not Enough jgordon Wed, 07/05/2017 - 23:28Share this Page <i></i> <i></i> <i></i>A …

Economics

Trustees Warn: Social Security in Financial Trouble

Jul 13, 2017<p>Today, the Social Security Trustees warned that the program faces major financial challenges, which threaten its sustainability and …

Social Security

Top 10 Reasons Why the National Debt Matters

May 8, 2017<p>While the 2016 elections are behind us, the nation’s long-term fiscal challenges remain. The nonpartisan Congressional Budget Office (CBO) …

Economics

The Grim History of Federal Spending Since World War II

I spend a lot of my time fretting about how federal spending is going to become an ever-larger (and unsustainable) burden in the future.And I …

Economy

U.S. Government Spending

Spending<p>Each year, lawmakers determine how much the federal government will spend and where the money will be allocated among 15 cabinet departments …

Social Security

US Debt of $20 Trillion Visualized in Stacks of Physical Cash

How Much the World is Worth - The Liquidity Pyramid

This infographic explains & visualizes:<p>- All the Money in the World<br>- How Much the World is Worth<br>- The Flow of Money During Financial Crisis<br>- Net …

Key Drivers of the National Debt

Key Drivers of the Debt<p>Many factors contribute to the long-term outlook for the U.S. economy and budget, but there are two major drivers of spending: …

CBO: Income Taxes Up 9.5% Next Year; But Debt Climbs More Than $1 Trillion

House Speaker Paul Ryan (Screen Capture)<p>(CNSNews.com) - Unless current laws are changed, federal individual income tax collections will increase by …

New Treasury Data Shows Federal Shortfall of $670,000 Per U.S. Household

By James D. Agresti January 18, 2017 Newly published data from the U.S. Treasury shows that the federal government has amassed $84.3 trillion in …

U.S. Treasury

National Debt

[1] Webpage: “The Debt to the Penny and Who Holds It.” Bureau of the Public Debt, United States Department of the Treasury. Accessed September 11, …

Economics

The Nation's Fiscal Health: Action is Needed to Address the Federal Government's Fiscal Future, Jan 17, 2017

The Congress and incoming Administration face serious economic, security, and social challenges that will require difficult policy choices in the …

Economics

GAO Insights into the Nation’s Finances and the Role of the Debt Limit

Today, U.S. Comptroller General Gene Dodaro delivered testimony to Congress on our nation’s unsustainable long-term fiscal position. He said that the …

IMF says debt binge leaves US corporate assets exposed

A debt binge has left a quarter of US corporate assets vulnerable to a sudden increase in interest rates, the International Monetary Fund has …

Economy

Being Libertarian

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The looming budget disaster, in four charts

The Congressional Budget Office in its 2017 Long-Term Budget Outlook issued a dire warning to D.C. policymakers about the likely consequences of …

Economy

U.S. National Debt Clock : Real Time

Four Key Takeaways from the CBO Long-Term

Yesterday the non-partisan Congressional Budget Office released the 2017 Long-Term Budget Outlook, highlighting the significant fiscal challenges …

Trump's Budget Director: ‘Our $20 Trillion National Debt is a Crisis’

Office of Management and Budget Director Mick Mulvaney (AP Photo)<p>(CNSNews.com) - Mick Mulvaney, who serves as director of President Donald Trump’s …

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​What is USAspending.gov?

USAspending.gov is the publicly accessible, searchable website mandated by the Federal Funding Accountability and Transparency Act of 2006 to give …

Freedom of Information

MacGuineas: U.S. Faces $14 Trillion Deficit in 10 Years as Interest Is 'Single Fastest-Growing Part of the Budget'

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, discussed with <i>Breitbart News Daily</i> SiriusXM host Alex Marlow the …