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US National Debt

The U.S. National Debt: Can The Federal Reserve Perform Fiscal Alchemy Forever?

Sheldon Filger | Posted 07.27.2014 | Politics
Sheldon Filger

In the year 2000, as George W. Bush assumed the role of 43rd president of the United States, America's national debt stood at $ 5.7 trillion, while th...

The Bottom Line

T. Berry Brazelton, MD | Posted 12.26.2012 | Parents
T. Berry Brazelton, MD

How our nation treats its children reflects our societal values. Children can't vote. They depend on us -- parents, grandparents, pediatricians, teachers, and other child health advocates and professionals, to do right by them.

11 Things The GOP Doesn't Want You To Know About The Deficit

The Huffington Post | Bonnie Kavoussi | Posted 09.05.2012 | Business

The national debt surpassed a record $16 trillion on Friday: a massive figure that Republican politicians are using to slam the Obama administration. ...

National Debt Likely To Surpass Critical Bench Mark During The DNC

Posted 09.05.2012 | Business

The U.S. national debt is set to pass an inconvenient bench mark at the worst possible time for Democrats. On Tuesday, the first day of the Democr...

Fiscal Affairs: How Long Can We Finance the Debt?

James Kwak | Posted 05.20.2012 | Business
James Kwak

The current privileged status of U.S. dollar debt is a recent phenomenon, and one that is by no means permanent. This is a major reason why it is important to begin reducing structural deficits during the next decade.

Tick-Tock Goes the Developed World's Debt and Derivatives Clock: U.S. National Debt Fast Approaches 15 Trillion!

Lydia Fisher | Posted 12.25.2011 | Business
Lydia Fisher

Chancellor Merkel faces a dilemma. Can you blame the German people for not wanting to bail out the French banks -- where does it end if the Eurozone debt crisis cascades?

The Tomb Is Sealed

Jared Dillian | Posted 12.14.2011 | Business
Jared Dillian

Few people understand that to balance the budget, or even to bring down the deficits to the rate of growth would require cutting the size of government by at least half and/or nearly eliminating entitlements. It really is true.

WATCH: Will The Dutch Help Pay Off U.S. Debt?

Posted 10.24.2011 | Comedy

The question on many of our minds these days is how are we going to pay off the astronomical debt the US owes? Most of us struggle to pay off our $500...

The American People Lost the Debt Ceiling Debate

Bob Cesca | Posted 10.04.2011 | Politics
Bob Cesca

We lost. Middle and working class Americans. We're the losers in the debt ceiling debate. Not President Obama or the Democrats. And it was always going to be this way. As soon as deficit reduction became the only game in town.

Congress Tees Up Crucial Votes On Debt Limit

The Washington Post | Hide This | Posted 09.17.2011 | Politics

A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over...

Modern Monetary Theory: The Last Progressive Left Standing

Warren Mosler | Posted 08.13.2011 | Business
Warren Mosler

The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings -- 'yes, the financial markets might destroy us, but how can we cut this or that worthy cause' -- don't cut it.

Portugal Faces Severe Fiscal and Economic Crisis As Eurozone Sovereign Debt Fears Grow

Sheldon Filger | Posted 05.28.2011 | Business
Sheldon Filger

The weakest links in the Eurozone chain are known as the PIIGS. This acronym represents five fiscally vulnerable members of the European monetary unio...

A Penny on the Dollar Can Buy Us a Debt Free America

Rep. Chaka Fattah | Posted 05.25.2011 | Politics
Rep. Chaka Fattah

We hear a lot of talk from my Republican colleagues in the House about fighting the problem of our national debt. Unfortunately, we hear little about solutions.

Uncle Sam's Real Estate Play: Government Property Goes On The Auction Block

CNN Money | Charles Riley | Posted 05.25.2011 | Business

As Washington deficit hawks scour the federal budget for ways to trim the size of government, they are arriving at one idea with increasing frequency:...

A Pat on the Back -- and Elsewhere

Harvey Gotliffe, Ph.D. | Posted 05.25.2011 | Politics
Harvey Gotliffe, Ph.D.

Our divided federal government is facing a nearly $14 trillion national debt which grows exponentially by the minute. If you have a strong constitutio...

Deficit Drivel: Hillary Singing Same Wrong Tune As Obama

Marshall Auerback | Posted 05.25.2011 | Politics
Marshall Auerback

Rational discourse about fiscal policy is not helped when our Secretary of State begins espousing the notion that our deficit represents a security threat, along the lines of a financial bubonic plague or comparable to a terrorist threat.

12 Ways To Save American Taxpayers $1 Trillion

The Huffington Post | By Laura Bassett and Jeremy Binckes | Posted 05.25.2011 | Politics

As President Obama tries to get his new bipartisan "deficit commission" off the ground, a public interest group is proposing a series of common-sense ...

Deficit Commission: White House, Democrats Cut Deal On Independent Panel | Lori Montgomery | Posted 05.25.2011 | Business

Faced with growing alarm over the nation's soaring debt, the White House and congressional Democrats tentatively agreed Tuesday to create an independe...

The U.S. is on a Fast Track to Bankruptcy

Sheldon Filger | Posted 05.25.2011 | Politics
Sheldon Filger

There is no rabbit to pull out of a magician's hat.