Posted on February 23, 2011 by
The longer Congress waits to raise the debt ceiling, the more time and money the Treasury Department will have to spend just managing the national debt by the minute, a federal report warned Tuesday.
Continue ReadingPosted on February 2, 2011 by
Interest payments on the national debt could total $5.5 trillion over the next decade, or about 79% of the new debt estimated to accrue between 2012 and 2021.
Continue ReadingPosted on December 3, 2009 by
The comptroller’s office said that each New Yorker was on the hook for $7,760 of the city’s debt burden. And that’s not counting the national and state debts.
Continue ReadingPosted on November 15, 2009 by
Well, Tom and Andy, using this readily available tool, if that’s the case, why was the national debt on September 30, 2008 $10.02 trillion and then $11.91 trillion on September 30, 2009? That’s a difference of $1.89 trillion, …
Continue ReadingPosted on September 14, 2009 by
We often talk about the bailout in terms of the increase in the national debt and the lack of transparency at major banks. Rarely do we discuss it in terms of the jobs and opportunities lost as a result of it.
Continue ReadingPosted on June 6, 2009 by
A student recently asked me why do the annual federal budget deficits not match increases in the national debt . It is an excellent question, since the.
Continue ReadingPosted on April 17, 2009 by
When Vexed Bermoothes learns that Bermuda’s national debt currently works out to about $58000 per person, he suggests putting “a National Debt Clock in front of the Cabinet Office, just to remind those sweet talkin’ big spenders what …
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