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National Debt

Ben's Un-shrinkable Balance Sheet

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It's not only the size of the fed's balance sheet that is so daunting; it's the makeup that's becoming truly scary.

Do You Know Which Countries Hold America's National Debt?

Mark Nickolas | Posted 05.25.2011 | Politics
Mark Nickolas

While Treasury doesn't breakdown the oil producing states which hold American debt (together they are in third place), that group includes quite a few pariah nations.

National Debt Hits Record $11 Trillion

Politico | MANU RAJU | Posted 05.25.2011 | Politics

The eye-popping national debt surpassed $11 trillion Monday, the largest in U.S. history. The new Treasury Department figures on the national debt w...

Now and for the Long Run

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

The government, like households, must hunker down, stop spending where it can, and plug the hole of offshoring jobs in the ship of state.

U.S. Debt Expanding, Homeowner Equity Crashing: Report

OptionARMageddon | Rolfe Winkler | Posted 05.25.2011 | Business

GDP for the full year 2008 was higher than 2007. But Q4 2008 GDP was lower compared to Q3. So towards the very end of the year, the denominator (GD...

Younger Than Barbie, Older Than Barack

Chip Conley | Posted 05.25.2011 | Business
Chip Conley

Barack's Inaugural address basically told us it's time to grow up. I guess he was speaking to me and my classmates who've been "kids in the candy store" for most of our adult life.

How Big Media Misses the Biggest Stories and Some More Stories They Will Miss

Gary Shapiro | Posted 05.25.2011 | Media
Gary Shapiro

We are in trouble unless we have an honest inquiry and discussion on the big issues of our time -- and they all come down to money and priorities.

Coming Soon to a Neighborhood Near You

Michael J. Panzner | Posted 05.25.2011 | Politics
Michael J. Panzner

After almost four decades of relative calm and complacency, there are signs that the social mood is beginning to sour.

The Stimulus Plan: Shit Garden Economics

Jane Devin | Posted 05.25.2011 | Business
Jane Devin

I've managed to keep myself out of the shit garden for the most part, if only because I love the idea of potential. I love knowing that the human brain can keep on learning, thinking, creating.

Late and Short

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Yes, we need government stimulus. No, that is not nearly enough. We need to change the way people earn, save and spend.

US Taxpayers Risk $9.7 Trillion On Bailout Programs: Bloomberg

Bloomberg | Mark Pittman and Bob Ivry | Posted 05.25.2011 | Business

The stimulus package the U.S. Congress is completing would raise the government's commitment to solving the financial crisis to $9.7 trillion, enough ...

Why Liberals Should Want Obama to Take On Social Security Now

Scott Bittle and Jean Johnson | Posted 05.25.2011 | Politics
Scott Bittle and Jean Johnson

Unless there are reforms in Social Security and Medicare, by 2040 or so, every tax dollar collected will be needed to pay for entitlement programs and interest on the debt.

Time for Tax Hikes

Larry Beinhart | Posted 05.25.2011 | Politics
Larry Beinhart

Unless we rebuild the economy it will not generate enough money to create the revenue stream to pay our debts. Why are we so resistant to raising taxes?

The Greatest Ponzi Scheme of All Time

Reese Schonfeld | Posted 05.25.2011 | Politics
Reese Schonfeld

When the President came into office, there were about 278 million people living in America. The national debt was $5.6 trillion. Now there are 307 million of us. The national debt is $10.6 trillion.

US Debt May Soar By $2 Trillion In 2009

Washington Post | Lori Montgomery | Posted 05.25.2011 | Business

With President-elect Barack Obama and congressional Democrats considering a massive spending package aimed at pulling the nation out of recession, the...

Should The World's Reserve Currency Yield Zero Percent

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

We must grow the economy by empowering the private sector. I would have hoped by now we learned that inflation doesn't solve anything.

I.O.U.S.A.: Right on Time

Patrick Creadon | Posted 05.25.2011 | Business
Patrick Creadon

Many have been quick to push the debate as a choice between stimulus and deficit reduction, but solutions committed to both objectives are critical to our short- and long-term survival.

What Kind of Revolutionary Will You Be?

John W. Whitehead | Posted 05.25.2011 | Politics
John W. Whitehead

if there is to be any change, it is going to be brought about by us, "we the people," not the politicians. No president, no congressman and no judge can do what you can.

The Two Trillion Dollar Bailout You Don't Know About

Ben Cohen | Posted 05.25.2011 | Politics
Ben Cohen

If you thought the $700 billion bailout was bad, think again. The Federal Reserve is apparently handing out two trillion dollars in loans and it won't disclose where the money is going to.


Joe Peyronnin | Posted 05.25.2011 | Business
Joe Peyronnin

This coming January 20 a record breaking four million people will attend his inauguration. This is especially amazing since Barack Obama is responsible for the recession? Aghast, didn't you hear!

Are Voters Cynical on Taxes, or More Grown Up Than Our Leaders?

Scott Bittle and Jean Johnson | Posted 05.25.2011 | Politics
Scott Bittle and Jean Johnson

Many American have no idea how long the country has been running deficits and they may not have all the numbers at their fingertips, but the general drift has not escaped them.

National Debt Soars $500B In Under A Month, Financial Bailout Plan The Primary Culprit In Record-Setting Debt Accumulation

CBS News | Posted 05.25.2011 | Business


Seven Years of Plenty or The Bible Told Me So

Reese Schonfeld | Posted 05.25.2011 | Business
Reese Schonfeld

Since we didn't raise taxes in 2001, our time of surplus, those of us who do not sink under the coming depression, will wither under the burden of the coming inflation.

The Silent Saudi Squeeze (and a Suffragist Solution)

Rachel Haimowitz | Posted 05.25.2011 | Politics
Rachel Haimowitz

As our presidential nominees discuss bailouts and economic plans they have largely ignored one particular issue that underpins them all: Saudi Arabia.

Not Another Stimulus Package!

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

In a very sad sense, there appears to be no true ceiling to the debt ceiling. Congress raised the debt ceiling to $10.6 trillion in July 2008 and is currently proposing an additional $700 billion.