The U.S. national debt is $36 trillion as of 2024. Biden and Trump each added $8 trillion of that. The Congressional Budget Office (CBO) projects deficits of $20 trillion over the next 10 years. On top of that, Trump wants to cut taxes by $4 to $6 trillion over that period. Republicans talk about of[...]
Posts Tagged ‘deficit’
China Calls for New Money
Aug 6 (Reuters) – China on Saturday condemned the “short-sighted” political wrangling in the United States over its debt problems and said the world needed a new global stable reserve currency. “China, the largest creditor of the world’s sole superpower, has every right[...]
July 26th, 2011 - 9:14 am § in Misc.
Who Pays For The Tea Party’s Excesses?
Republican posturing over the debt ceiling is increasing our national debt Patrick Sharma, postdoctoral fellow, The Bancroft Library | 7/20/11 | , Berkeley Blog One of the most important yet least acknowledged aspects of the debt ceiling drama currently gripping Washington is the fact that Republica[...]
Paul Krugman: Washington has Written Off the Unemployed
More than three years after we entered the worst economic slump since the 1930s, Washington has lost interest in the unemployed. One-sixth of America’s workers — all those who can’t find any job or are stuck with part-time work when they want a full-time job — have, in effect, been abandoned[...]