Posts Tagged ‘fiscal insolvency’

House Rejects Raising National Debt Ceiling from $14.3 to $16.7 Trillion


Saturday June 4th, 2011   •   Posted by David Theroux at 7:01pm PDT   •   3 Comments

In the Washington Post, Lori Montgomery and Paul Kane report that with strong public support and White House opposition, the “House rejects proposal to raise debt ceiling” by voting down a measure that would raise the national debt ceiling by 16.8% from the current $14.3 trillion to a whopping $16.7 trillion. With an August…
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MyGovCost Director Emily Skarbek in Star-Telegram: “Numbing Budget Numbers”


Wednesday February 23rd, 2011   •   Posted by Lindsay Boyd at 4:21pm PST   •   0 Comments

One of the reasons federal spending has spiraled out of control in recent decades is that neither the public, nor the Congress, has any idea what the huge budget numbers really mean. Per capita income in the United States now stands at approximately $33,070. It’s higher in most urban areas. In the Dallas-Fort Worth…
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U.S. Deficit Hits Record: $150.4 Billion in Novemberó26th Straight Deficit Month


Friday December 10th, 2010   •   Posted by David Theroux at 9:19pm PST   •   0 Comments

In the Wall Street Journal, Jeff Bater reports in “U.S. Posts $150.4 Billion November Budget Deficit,” that federal red ink is reaching an all-time record: The U.S. government ran its 26th straight monthly budget deficit in November amid wrangling over a package that would extend big tax cuts to Americans trying to recover from…
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U.S. Debt $130 Trillion; Global GDP and Money Supply Both $60 Trillion?


Saturday September 11th, 2010   •   Posted by David Theroux at 8:32pm PDT   •   1 Comment

Kevin Williamson at National Review has further discussed his June 2010 projections of total long-term, U.S. national debt being $130 trillion. In a 2008 Forbes article, economist Laurence Kotlikoff had more conservatively estimated the debt to be $70 trillion. What Williamson points out now though is that both the total, money supply of the…
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