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National Debt

Donald Trump's Tax Plan Is A Ludicrous Windfall For The One Percent

The Huffington Post | Zach Carter | Posted 10.25.2016 | Politics

The tax plan Republican presidential nominee Donald Trump unveiled last month would cost $7.2 trillion over the next decade, according to an analysis ...

Starving The Beast: Trump, Taxes And The Politics Of Unanticipated Consequences

Timothy J. Barnett | Posted 09.26.2016 | Politics
Timothy J. Barnett

Both major political parties in America are shepherding crafty plans to benefit their side at the expense of the other. What neither side sees is that in trying to kill off the other, their protracted and intense internecine warfare is moving the country away from the shared public good.

Donald Trump Would Push Debt To Highest Level In U.S. History, Report Says

The Huffington Post | Jonathan Cohn | Posted 06.26.2016 | Politics

Donald Trump’s policy agenda would quickly push the national debt to its highest level in history, according to a new report. The analysis, which th...

Why Worry Wednesday - Greece is "Fixed" Again (part 6)

Phil Davis | Posted 05.25.2016 | Business
Phil Davis

Wow, what a rally! We expected a move back up but this is amazing. Yesterday the markets took off as the latest Brexit poll showed the "remain" v...

Can Donald Trump Teach Us About the National Debt?

Dean Baker | Posted 05.16.2016 | Business
Dean Baker

Many people might think that Donald Trump can only teach the country how to offend women, African Americans, and a range of non-European ethnic groups. While that may be his area of expertise, it seems that his rants on dealing with debt may actually provide a teachable moment.

Donald Trump Might Be Right About Defaulting on Debt

Jorge Newbery | Posted 05.16.2016 | Politics
Jorge Newbery

In a crisis, where debt suddenly became completely unmanageable, cutting spending or services wouldn't and couldn't happen fast enough. Raising taxes is an even slower process. Look how hard it is to do either, even in times when we aren't in crisis.

On Trump's Call for the US to Be More Like the Weimar Republic

Larry Harris Jr. | Posted 05.11.2016 | Politics
Larry Harris Jr.

Trump supporters would be wise to consider the possibility that he does not actually have access to a hidden room full of brilliant minds. He is what he is. Take this campaign at face value. Trump flip flops. Trump insults.

The Real Reason The GOP Establishment Loathes Donald Trump

The Huffington Post | Zach Carter | Posted 05.10.2016 | Politics

WASHINGTON -- The Republican establishment has spent a lot of energy over the past six months trying to convince the public that Donald Trump's rank b...

Great, Donald Trump Has Threatened To Default On The National Debt

The Huffington Post | Zach Carter | Posted 05.06.2016 | Politics

Analyzing Donald Trump policy proposals is a fool's errand. I am a fool: Behold my errand. The presumptive GOP nominee has an idea for dealing with Am...

Turnaround Tuesday - Yesterday's Gains Gone Before the Open

Phil Davis | Posted 05.03.2016 | Business
Phil Davis

What a silly market! I warned our Members in the afternoon to be wary of the low-volume rally and, of course, we stayed the course on our bearis...

Monday Market Manipulation - BOJ Now Owns 10% of the Nikkei

Phil Davis | Posted 04.25.2016 | Business
Phil Davis

This is getting silly. The Bank of Japan is already a top shareholder in 90% of the Nikkei's 225 companies so, on any given day, if you're selli...

The 3 Questions We Should Ask All Candidates For Elected Office

Krist Novoselic | Posted 04.01.2016 | Politics
Krist Novoselic

As we see it, three urgent questions face America, and if the next president, Congress and the American people themselves do not answer those questions honestly and realistically, the future for our children and the nation will be immensely more difficult.

Two Hundred Trillion Dollar Tuesday - Global Debt Hits 3x GDP

Phil Davis | Posted 02.23.2017 | Business
Phil Davis

$200,000,000,000,000! That's a lot of zeros! Global debt has squeaked past the $200Tn mark and Global GDP is about $70Tn so getting to 3 times ...

When It Comes to the Budget at Least the Socialist Is Honest About His Plans

Doug Bandow | Posted 02.22.2017 | Politics
Doug Bandow

Politicians pander. It comes naturally to them. But voters can change that by asking difficult questions and insisting on honest answers, no matter how embarrassing.

Flip Floppin' Friday - Markets Pull Back from the Abyss

Phil Davis | Posted 02.12.2017 | Business
Phil Davis

Wheeeeeee - that was fun! As the groundhog (who's name is Phil) predicted, we had 6 long weeks of selling to start off 2016 and, as of yesterday...

The State of the Nation: A Dictatorship Without Tears

John W. Whitehead | Posted 01.12.2017 | Politics
John W. Whitehead

While only 1 in 5 Americans claim to trust the government to do what is right, the majority of the people are not quite ready to ditch the American experiment in liberty. Or at least they're not quite ready to ditch the government with which they have been saddled.

What's in Store for Our Freedoms in 2016? More of Everything We Don't Want

John W. Whitehead | Posted 12.30.2016 | Politics
John W. Whitehead

What remains to be seen is whether 2016 will bring more of the same or whether "we the people" will wake up from our somnambulant states.

Virtual Bankruptcy for Puerto Rico

Lynn M. LoPucki | Posted 12.08.2016 | Politics
Lynn M. LoPucki

The virtual Chapter 9 strategy would generate enough leverage over creditors for Puerto Rico to deal with its debt crisis. The risk is that it would generate too much. Without an actual Chapter 9 to limit the Puerto Rican government, that government could design a procedure even more to its benefit.

Everything You Need To Know About The Republican Candidates' Tax Plans

The Huffington Post | Zach Carter | Posted 11.10.2015 | Politics

WASHINGTON -- The tax proposals from the Republican presidential hopefuls all have two things in common: They would balloon the deficit and shower the...

The Real Issues You Won't Hear from the 2016 Presidential Candidates This Election Year

John W. Whitehead | Posted 11.05.2016 | Politics
John W. Whitehead

These are not problems that can be glibly dismissed with a few well-chosen words, as most politicians are inclined to do. Nor will the 2016 elections do much to alter our present course towards a police state.

Congress Shouldn't Play Politics With the Debt Ceiling

Joel Friedman | Posted 10.20.2016 | Politics
Joel Friedman

The House will vote this week on a Republican proposal allowing the Treasury to borrow funds to pay bondholders and Social Security recipients if there's a prolonged standoff over raising the debt ceiling. But this approach is extremely dangerous.

Debt Ceiling Means Another Chance to Discuss the Trillion Dollar Coin

Mike Sandler | Posted 10.16.2016 | Business
Mike Sandler

If the debt ceiling causes a default or government shutdown and becomes a campaign issue in the 2016 election, there are some signs that the coin could be taken seriously by the Democratic front-runners for president.

Donald Trump's Tax Plan Could Balloon The Debt By 75 Percent

The Huffington Post | Zach Carter | Posted 09.29.2015 | Entertainment

WASHINGTON -- Donald Trump's tax plan would increase the national debt by more than 75 percent over the next decade, according to an analysis by a con...

Kicking off Republican Presidential Debates in Cleveland: Who Will Dare Ask How to Fix National Debt?

Lonna Saunders | Posted 08.06.2016 | Politics
Lonna Saunders

Who will dare to ask tonight's debating Republican presidential candidates in Cleveland, "Will you make fixing the national debt a priority in year one of your presidency, if elected?"

President Obama's Proposed Budget Attacks the Wealthy; Full of Wasteful Spending

Steve Siebold | Posted 04.05.2015 | Politics
Steve Siebold

he president likes to talk a good game. He continues to propose these new plans that he claims will strengthen the American economy, reduce our debt and give the middle class a boost. But what he fails to do is consider the fiscal consequences these plans carry.