Presidents and Debt: The Worst of the Worst
By Michael Maharrey James Madison called public debt “a public curse.” We’re currently cursed to the tune of $35.9 trillion and counting. To make matters…
Debt
As Things Change, Some Things Will Stay the Same
By Michael Maharrey The votes are counted, and the results are in! Donald Trump will occupy 1600 Pennsylvania Avenue for the next four years. The…
Thanks To The Cost Of Living Crisis, U.S. Household Debt Has Soared To The Highest Level Ever Recorded
By Michael Snyder Our entire economy is fueled by debt. In fact, if going into more debt was suddenly banned the U.S. economy would instantly…
What Did $6.5 Trillion in Money Printing Achieve?
By David Stockman Here we go again. The Fed has spent the last 16 years fueling the mother of all financial bubbles on Wall Street….
Lexington County South Carolina Paid over $320,000 in Legal Fees to Defend the Unconstitutional Practice of Debtors’ Prisons
By Lee Granade The American Civil Liberties Union (ACLU) and the Terrell Marshall Law Group, PLLC filed a federal lawsuit in 2017 against Lexington County,…
Out-of-Control Spending and Debt Means More Tyranny
By Jacob Hornberger The federal government’s debt load just passed $35 trillion. According to usdebtclock.org, that amounts to $267,000 per taxpayer. It’s worth mentioning that that…
Founding Fathers Warn of a National Debt Doomsday!
By Michael Boldin America is drowning in debt – and teetering on the brink. We’ve just hit a new, unthinkable milestone: a national debt of…
Putting the National Debt Into Perspective We Can All Understand
By Mike Maharrey U.S. government borrowing and spending never stops. The federal government ran another big deficit in June, as the national debt inches closer…
US Spent A Record $140 Billion On Debt Interest In June, 30% Of All Tax Revenues
By Tyler Durden On the surface, and following 4 months of triple-digit deficits (in the billions), the June budget deficit of “only” $66 billion was…
Will Debt Sink the American Empire?
By Peter St. Onge “Will Debt Sink the American Empire?” So asks the Wall Street Journal, in an uncharacteristically gloomy article for the bull market’s…
US Budget Disaster Ahead Will Impoverish Americans
Authored by Daniel Lacalle Deficit spending is not a growth tool. It is the recipe for stagnation. The latest Congressional Budget Office (CBO) budget and economic outlook…
The World Has Accumulated A $315 Trillion Mountain Of Debt, And Global Events Will Soon Bring It Crashing Down
By Michael Snyder I suppose that congratulations are in order. It is no small feat to pile up a debt of $315,000,000,000,000, and we will…
The Fed is Already Insolvent — Here’s How We Think This Plays Out
By Simon Black, Sovereign Man On Tuesday, September 15, 1992, the two most powerful financial officials in the British government held an urgent meeting that…
Biden Cancels Another $7.7 Billion In Student Debt For 160,000 Borrowers
Authored by Naveen Athrappully via The Epoch Times President Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts, taking…