National Debt

Obama Fails To Breach $20 Trillion

On Obama's last day in office, total Federal debt was some $39 billion below the key "psychological level", clocking in at precisely 19,961,467,137,973.64. This means that both "Dow 20,000" and "Debt $20,000,000,000,000" accomplishments will belong to Trump.

Ron Paul Asks "Will Trump Continue The Bush-Obama 'Big Spending' Legacy?"

America can no longer afford to waste trillions of dollars on a militaristic foreign policy. Donald Trump should follow-up his attacks on wasteful military spending by dramatically changing our foreign policy and working to cut the Pentagon's bloated budget. If the new administration and Congress increase spending, they will need the Federal Reserve to monetize the growing debt, but Fed action can only delay the inevitable day of reckoning.

Visualizing Donald Trump's $20 Trillion Problem

Only a few days after Trump’s inauguration ceremony, the U.S. National Debt will creep across the important psychological barrier of $20 trillion. It’s a problem that’s been passed down to him, but it certainly puts the incoming administration in a difficult place.

Gen. Mattis: "Russia Is The Principal Threat To US Security"

"The world order is under biggest attacks since WW2, from Russia, terrorist groups, and China’s actions in the South China Sea,” Gen. Mattis told John McCain, agreeing with the bellicose senator that Russia is trying to break up NATO, and adding that Russia is the "principal threat" to the United States's security.

Chuck Schumer Slams Republicans For Proposing $9 Trillion In New Debt

In an curious exchange in traditional roles, Senate Minority Leader Chuck Schumer slammed Republicans on Tuesday for advancing a fiscal year 2017 budget resolution which, while designed to repeal the Affordable Care Act, also contemplates more than a $9 trillion increase in the public debt over a decade

Worst. Recovery. Ever.

As the champagne glasses clink in Washington over a record-breaking streak of job growth on record (as the percent of the population employed slumped), and the fastest wage growth since the start of the recovery (for managers), we just wanted to remind a few blinkered media types that Obama's "recovery" has officially been the worst recovery in US history (despite adding almost $10 trillion to the national debt)...