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Keyword: nationaldebt

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  • National debt down $12 billion in President Trump's first month

    02/25/2017 9:38:02 AM PST · by Trump20162020 · 37 replies
    Twitter ^ | February 25, 2017 | Donald Trump
    The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.
  • Amazing! Trump Cuts US Debt by $12 Billion In His First Month

    02/23/2017 7:24:50 AM PST · by davikkm · 57 replies
    On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On February 21st, a month later, the US Debt load stood at $19,935 billion. Trump cut the US Debt burden by $12 billion and 0.1% in his first month in office! On January 20, 2017, the US debt was $19.947 billion. On February 21, 2017, the US debt was $19,935 billion.
  • How Tennessee Could Be About To Start A Constitutional Crisis (Article V)

    02/22/2017 10:54:09 PM PST · by Perseverando · 86 replies
    Zero Hedge ^ | February 22, 2017 | Tyler Durden
    The State Senate of Tennessee has laid the legislative groundwork for something that hasn't been done in the United States of America since the Constitutional Convention of 1787 in Philadelphia. With a vote of 27-3, the Tennessee Senate has voted to call a "convention of the states" in order to draft and pass an amendment to the Constitution that would require balanced budgets to be passed every year. For those who are little fuzzy on their high school U.S. history knowledge, the Tennessean explains that the U.S. Constitution can be amended in two ways. The first would require a two-thirds...
  • The Household Debt Meltdown

    02/20/2017 2:20:16 PM PST · by Lorianne · 13 replies
    Banyan Hill ^ | 17 February 2017 | Jocelynn Smith
    America has a debt problem. That shouldn’t come as a surprise. For as long as I can remember, we’ve had a debt problem. Americans have been endlessly told that debt is good. It builds good credit, and a little debt spending can help light a fire under the economy. According to the U.S. Debt Clock, the U.S. national debt has soared to $19.98 trillion, and it’s still climbing at a frightening pace. Approximately $20 trillion is more than a little debt spending, and the current administration is ready to whip out the White House credit card and spend at a...
  • Pelosi: Were It Not for Obama, $19,951,756,200,280 Debt Would Be Higher

    01/13/2017 10:08:24 PM PST · by Olog-hai · 43 replies
    Cybercast News Service ^ | January 13, 2017 | 2:00 PM EST | Penny Starr
    House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that were it not for "the work" of President Barack Obama, the federal debt would have increased even more than the $9 trillion that it has increased over the eight years of his presidency. “Absent the work of President Obama this national debt would be even higher,” Pelosi said at her weekly briefing with reporters at the Capitol when asked about the increase in the federal budget under Obama. […] “As I’ve said over and over again: Show me your budget, show me your values,” Pelosi said. “And we see today...
  • Visualizing Donald Trump's $20 Trillion Problem

    01/13/2017 7:07:33 AM PST · by Perseverando · 26 replies
    ZeroHedge.com ^ | January 13, 2017 | Tyler Durden
    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, as Visual Caitalist's Jeff Desjardins notes, it certainly puts the incoming administration in a difficult place. The debt is burdensome by pretty much any metric, and the rate of borrowing has exceeded economic growth pretty much since the late 1970s. How Trump deals with this escalating constraint will be a deciding factor in whether his administration crashes and burns – or ends up re-positioning America for greatness. Donald...
  • Obama: ‘We’ve Made Extraordinary Progress’ Over the Past 8 Years

    01/01/2017 6:01:27 AM PST · by Cheerio · 45 replies
    Breitbart ^ | 31 Dec 2016 | IAN HANCHETT
    During Saturday’s Weekly Address, President Obama reflected on his time in office and touted the “extraordinary progress” the country has made over the last eight years. Transcript as Follows: “Happy New Year, everybody. At a time when we turn the page on one year and look ahead to the future, I just wanted to take a minute to thank you for everything you’ve done to make America stronger these past eight years. Just eight years ago, as I prepared to take office, our economy teetered on the brink of depression. Nearly 800,000 Americans were losing their jobs each month. In...
  • McConnell, Warning of ‘Dangerous’ Debt, Wants Tax Cut Offsets

    12/12/2016 4:14:17 PM PST · by madison10 · 64 replies
    Bloomberg | 12/12/16 | Steven T. Dennis & Sahil Kapur
    Link Only: https://www.bloomberg.com/politics/articles/2016-12-12/mcconnell-warning-of-dangerous-debt-wants-tax-cut-offsets
  • Civil War II - Fourth Turning Is Intensifying (Part 2)

    11/05/2016 4:41:53 PM PDT · by Perseverando · 20 replies
    Zero Hedge ^ | November 5, 2016 | Jim Quinn
    In Part One of this article I laid out the case against the criminal establishment and how the regeneracy is being driven by the anti-establishment sentiment sweeping across the land. This atonement Fourth Turning will de-establish decade’s worth of delusional decisions. This election has destroyed the last vestiges of trust in this fraudulent system. This dysfunctional rigged presidential election reflects the tearing of the civic fabric at points of maximum susceptibility. As a country we have neglected, denied, or delayed necessary action on a plethora of vital issues threatening our long term viability as a nation. The deferral of difficult...
  • Obama’s Tax Collections Surpass $20,000,000,000,000; Still Runs Up Debt by $8,878,290,996,028

    09/14/2016 5:20:00 AM PDT · by Olog-hai · 12 replies
    Cybercast News Service ^ | September 13, 2016 | 2:45 PM EDT | Terence P. Jeffrey
    With the additional $231,327,000,000 in taxes that the U.S. Treasury collected in August, according to the Monthly Treasury Statement released today, President Barack Obama has now presided over more than $20,000,000,000,000 in federal tax collections during the 91 full months he has served in the Oval Office. From February 2009 through August 2016, the Treasury collected approximately $20,197,437,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements. During those same 91 months, the federal debt rose from $10,632,005,246,736.97 to $19,510,296,242,765.66—an increase of $8,878,290,996,028.69. …
  • The Real Existential Threats of 2016

    08/16/2016 11:26:08 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | August 16, 2016 | Pat Buchanan
    On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items -- Medicare, Medicaid, Social Security, defense -- rising, and GDP growing at 1 percent, future deficits will exceed this year's projected $600 billion. National bankruptcy, then, is among the existential threats to the republic, the prospect that we will find ourselves in the not-too-distant future in the same boat with Greece, Puerto Rico and Illinois. Yet, we drift toward the falls, with the issue not debated. Ernest Hemingway reminded us of how nations escape...
  • Trump reverses on federal debt: 'This is the time to borrow'

    08/12/2016 4:41:01 AM PDT · by Kevin C · 82 replies
    Washington Examiner ^ | 8/11/2016 | Joseph Lawler
    Donald Trump appeared to change his stance on the federal debt Thursday, saying that, with interest rates low, the U.S. should borrow money to spend on infrastructure rather than lowering the $14 trillion federal debt. "This is the time to borrow," the Republican candidate said in an interview on CNBC Thursday morning. "Normally, you would say you want to reduce your debt, and I would like to reduce debt too," Trump said, before explaining that "the problem is you have a military problem, you have an infrastructure problem — a tremendous infrastructure problem, and you have other problems. And also,...
  • Obama Has Collected $19,966,110,000,000 in Taxes; Incurred $8,795,689,333,049 in Debt

    08/10/2016 7:48:51 PM PDT · by Olog-hai · 20 replies
    Cybercast News Service ^ | August 10, 2016 | 4:05 PM EDT | Terence P. Jeffrey
    During the 90 full months President Barack Obama has completed serving in the White House—February 2009 through July 2016—the U.S. Treasury collected approximately $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements. During those same 90 months, the federal debt rose from $10,632,005,246,736.97 to $19,427,694,579,786.64—an increase of $8,795,689,333,049.67. In July, according to the Monthly Treasury Statement released today, the federal government took in $209,998,000,000 in taxes and spent $322,813,000,000—running a one-month deficit of $112,815,000,000. So far in fiscal 2016, according the Treasury statement, the federal government has collected approximately $2,678,824,000,000 in taxes and spent approximately $3,192,487,000,000—running...
  • Bernie's Truth Deficit: So much for Sanders' "Honesty"

    07/17/2016 7:12:10 PM PDT · by Daniel Clark · 13 replies
    The Shinbone: The Frontier of the Free Press ^ | July 17, 2017 | Daniel Clark
    Bernie's Truth Deficit: So much for Sanders' "Honesty" by Daniel Clark All those conservatives who credit Bernie Sanders with being honest must have been more than a little perplexed by his speech in which he announced his endorsement of Hillary Clinton. The socialist senator hopped aboard the bandwagon of the quintessential "Wall Street candidate," and if that wasn't enough of a sellout of his alleged principles, he even pretended to care about runaway deficits. During the same speech in which he charged that Donald Trump "would increase our national debt by trillions of dollars," he absolved the sitting president for...
  • Trump: I’ll reduce the national debt by getting creditors to accept less

    05/06/2016 1:00:04 PM PDT · by SeekAndFind · 72 replies
    Hotair ^ | 05/06/2016 | AllahPundit
    <p>Reminds me of something Mike Murphy said about Trump in the aftermath of Jeb’s collapse. The logic in favor of nominating another Bush was always, er, complicated, but the logic against nominating a loose cannon is straightforward.</p> <p>I’ll bet even Murphy didn’t think Trump would advertise the possibility that America’s creditors might not receive payment in full in a Trump administration. Choose your own preferred term for what he’s recommending here — renegotiation, bankruptcy, default.</p>
  • Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less

    05/06/2016 5:38:20 AM PDT · by reaganaut1 · 154 replies
    New York Times ^ | May 6, 2016 | BINYAMIN APPELBAUM
    One day after assuring Americans he is not running for president “to make things unstable for the country,” the presumptive Republican nominee, Donald J. Trump, said in a television interview Thursday that he might seek to reduce the national debt by persuading creditors to accept something less than full payment. Asked whether the United States needed to pay its debts in full, or whether he could negotiate a partial repayment, Mr. Trump told the cable network CNBC, “I would borrow, knowing that if the economy crashed, you could make a deal.” He added, “And if the economy was good, it...
  • 5 Things Most People Don’t Understand About the National Debt

    04/23/2016 9:18:03 AM PDT · by expat_panama · 67 replies
    Money ^ | April 22, 2016 | Taylor Tepper
    Since this is an election year, you’re hearing a lot about the size of the national debt — and the financial imperative to expunge it before it gets passed on to our kids and grandkids. Donald Trump ... ...suggested earlier that it would be possible to pay off the entire national debt in about eight years... ...the only way to advance the debate is to get past the myths... #1) The federal government’s books are not like a family’s finances ...put yourself in the position of the government. Say you earn the typical American family income, and you spend and...
  • Thomas Jefferson agrees with the Greek people?

    05/06/2010 2:26:51 PM PDT · by FreedomNotSafety · 22 replies · 490+ views
    University of Virginia ^ | 1789 - 1816 | Thomas Jefferson
    "The conclusion then, is, that neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time." --Thomas Jefferson to James Madison, 1789. ME 7:457, Papers 15:398n "Then I say, the earth belongs to each of these generations during its course, fully and in its own right. The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a debt, then the earth would belong to the dead...
  • Founders' Quotes - Debt of the Nation

    05/14/2008 9:23:06 PM PDT · by Loud Mime · 22 replies · 105+ views
    The Patriot Post ^ | 05/14/2008 | Founding Fathers
    We must not let our rulers load us with perpetual debt. Thomas Jefferson 1816 - letter to Samuel Kercheval There is not a more important and fundamental principle in legislation, than that the ways and means ought always to face the public engagements; that our appropriations should ever go hand in hand with our promises. To say that the United States should be answerable for twenty-five millions of dollars without knowing whether the ways and means can be provided, and without knowing whether those who are to succeed us will think with us on the subject, would be rash and...
  • Founders Quotes - The National Debt I

    11/18/2007 1:05:36 PM PST · by Loud Mime · 18 replies · 193+ views
    The Patriot Post - other sources ^ | 11/18/2007 | George Washington
    No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable. George Washington (Message to the House of Representatives, 3 December 1793) A national debt, if it is not excessive, will be to us a national blessing.” Alexander Hamilton “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to...