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National Debt

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.

Obama-cession

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.

McCain's Spending Freeze Would Send Us Into the Dark Ages

Kim Mance | Posted 05.25.2011 | Politics
Kim Mance

No Senator McCain -- a government spending freeze of "everything but defense, veteran affairs and entitlement programs" is not OK.

"Dear Florida": Five Ways McCain/Palin Will Make Things Worse For Older Americans

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

While McCain now lags in all age groups, he retains his strongest support among voters 65 and older.

The Debt vs. Interest Rate Conundrum

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.

Questions in a Time of Crisis

Tony Campolo | Posted 05.25.2011 | Business
Tony Campolo

It is popular these days to blame our economic troubles on the greed of corporate CEO's. Yet we have to face up to the reality that we are ourselves major culprits in this financial fiasco.

Putting Reaganomics, and McCain, Out of Our Misery

Jeff Schweitzer | Posted 05.25.2011 | Politics
Jeff Schweitzer

The legacy of Reaganomics is a national debt exceeding $10 trillion. We now have big government and failed markets, all a present from the grave of the former B-list actor.

Republican Presidents Always Ones Responsible For National Debt

Thomas J. Cady | Posted 05.25.2011 | Home
Thomas J. Cady

The Republican presidents have consistently borrowed huge sums of money and spent it on things that have provided no return to the American people. Huge military build ups and wars do not add to the economy, they diminish it.