national debt
Understanding The U.S. National Debt and It’s Future Implications
Daily Hampshire Gazette columnist Richard Fein, in a post yesterday on their website, provided a summary analysis of the U.S. National Debt and its implications for the future. Citing the potential for problems in arranging future debt service, coupled with…
What you should know about the national debt
The national debt level of the United States is a measurement of how much the federal government owes its creditors—in particular – it is the sum of federal government debt held by the public and intragovernmental debt. Congress puts a…
Social Security and the National Debt: “Fact Checkers” Weigh In
Social Security is in the spotlight these days, both with respect to its long-term solvency problem and its relativity to the debt ceiling fight now underway. One can argue that Social Security has no direct bearing on federal debt, since…
The Argument on Who Said What About Cutting Social Security Rages On
An article posted today on thehill.com by Brett Samuels showcases the ongoing feud between the Biden administration and members of Congress on the allegations of intent to cut Social Security. In this post, the dialog between the White House and…
The National Debt and Social Security’s Inherent Role
The Bryan (Ohio) Times today carries an article outlining the conceptual pitfalls of the rapidly escalating U.S. national debt and, although it contains some incorrect assumptions (e.g., the comment implying that the Social Security trust fund tends to “take in…
National debt projected to grow faster than the economy — forever
Two authors from the Committee for a Responsible Federal Budget have penned an op-ed about America’s alarming $1 trillion dollar annual deficits, the amount that federal spending exceeds revenue each year. The overspending is just added to the existing $22.3…
The Unnoticed Trillion Dollar Budget Gap
In the 1980s critics of overspending pointed to record deficits (averaging $167 billion a year then) and were often met with replies from supply-siders—“Don’t worry about federal deficits. They’re big enough of take care of themselves.” President Reagan even uttered…
Deficit Spending and the Consequences Ahead
For anyone following the economy these days (and who isn’t, given the stock market antics over the past few weeks), the fact that we’re approaching a national debt level of $22 trillion in the very near future is well known. An…
Deficits, Debt and how They Relate to Social Security – A Primer
Jeff Szymanski works in political communications at The Association of Mature American Citizens. He wrote this piece to explain the deficit, the debt, and federal spending in an easily understood way. The federal budget deficit (amount of overspending for one fiscal year) is predicted…
The National Debt Crisis. Hard Rain Ahead.
Just five years from now, the U.S. will pay more to service its national debt than it spends on national defense, according to Congressional Budget Office projections. In the words of Ben Shapiro, editor-in-chief of The Daily Wire, “there will be fiscal…