Federal Debt

Krugman: Deficit Hawks Trying To Scare People With Big, Out-Of-Context Numbers

Posted 11.30.2009 | Business


On ABC's This Week, host George Stephanopoulos asked Paul Krugman, the Nobel Prize-winning economist and New York Times columnist, about the argument ...

Unhappy Fiscal New Year

Rep. Jason Chaffetz | Posted 12.01.2009 | Politics


Rep. Jason Chaffetz

Contrary to what some have told us in the past, deficits and debts do matter, and at the levels these debts have been accumulating, they matter a lot.

Federal Deficit Hits $1.38 Trillion Through August

AP | MARTIN CRUTSINGER | Posted 11.11.2009 | Business


WASHINGTON — The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. ...

The Banks Don't Trust Each Other, So Why Should We?

Sarah van Gelder | Posted 01.09.2009 | Business


Sarah van Gelder

In spite of the $150 billion-plus of U.S. taxpayers' money, they are still not lending money; credit markets are stalled. Maybe they understand better than anyone just how untrustworthy they are.

The Two Trillion Dollar Bailout You Don't Know About

Ben Cohen | Posted 12.21.2008 | 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.

Declaring War on the Meltdown/Part 2: Taking on Debt For Infrastructure

Alan Fein | Posted 11.13.2008 | Business


Alan Fein

In bad times like these, the government has to spend money to build things that we desperately need: roads, bridges, schools, courthouses, sanitation systems and a new energy infrastructure.

Clean Up GOP Mess Nov. 4

John Tepper Marlin | Posted 11.09.2008 | Business


John Tepper Marlin

Mr. Bernanke doesn't say it, but the current crisis in the subprime mortgage market may be a perfect illustration of the financial accelerator at work today.

Take A Deep Breath And Count To Three

Aaron Harber | Posted 10.26.2008 | Business


Aaron Harber

Congress and the current Administration have allowed the nation's finances to deteriorate to a dangerous level.

Stuff Happens: The Mortgage Bailout and the Federal Budget

Scott Bittle and Jean Johnson | Posted 10.10.2008 | Business


Scott Bittle and Jean Johnson

Rather than facing a $200 billion deficit to do something really important, the U.S. is now heading toward a whopping $10 trillion dollar debt.

Let's Add More Debt To the National Total

Hale "Bonddad" Stewart | Posted 08.01.2008 | Business


Hale

Anyone who is reporting the government's books are balanced has no idea what they are talking about -- and there are important reasons why this raising of the debt ceiling is so incredibly dangerous.