national debt

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…

Penn Wharton: National Debt Worsens Social Security Outlook

The Wharton School of Business at the University of Pennsylvania recently weighed in on the Social Security solvency dilemma, shining an even dimmer light on the program’s impending solvency crisis. As explained in a post by Solano County (California) Daily Republic’s…

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