189 results for search: With the rising national debt


‘Other’ spending is expanding the national debt by trillions

Think you understand the size and scope of the national debt? It’s growing much more quickly than you think thanks to the many ways the government borrows money, according to an analysis from the Washington Examiner. While most people assume the national debt grows each year because of the budget deficit, that’s not the only way that national debt expands. In the last 10 years, the national debt has actually expanded past the collective sum of adding every year's budget deficit together … by more than $3 trillion. That difference comes from two main things: Decisions related to federal lending (e.g., student loans, mortgage progra...

Senator Lankford: ‘Burdening debt’ threatens national defense

Sen. James Lankford (R-Okla.) this week announced at that, the end of the month, he will release his second annual “Federal Fumbles” report, a publication intended to draw attention to and encourage lawmakers to curb wasteful government programs that increase our debt which, says Sen. Lankford, threatens military readiness. The Daily Signal has the story: “[Addressing our national debt] should be a top priority because if we are going to look at our national defense and being able to have a strong military and a good [Veterans Affairs] program … we cannot have a burdening debt and we cannot have a rising amount of interest,” he said. ...

National debt to soar to 77 percent of U.S. gross domestic product by end of fiscal year

Spendthrifts in Washington, D.C. by the end of September will have sent our national debt soaring by three percentage points to 77 percent of gross domestic product, the greatest ratio of debt-to-GDP we’ve seen since 1950 when we were still paying down debt from World War II. The Washington Examiner has the scoop: The agency projected that the debt held by the public will rise 3 percentage points to 77 percent of U.S. gross domestic product by the end of fiscal year 2016 in September. Debt has not hit that ratio since 1950, when the government was still in the middle of paying down the debt it incurred paying for World War II. Over the ...

Buchanan: National bankruptcy among ‘existential threats to the republic’

The severity of our national debt – which stands at $19.4 trillion – is being largely ignored by Congress and the media. That has to change. Otherwise, we’re headed off a cliff… The New Hampshire Union Leader has Pat Buchanan’s latest commentary on the issue:   On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items — Medicare, Medicaid, Social Security, defense — rising, and GDP growing at 1 percent, future deficits will exceed this year’s projected $600 billion. National bankruptcy, then, is among the existential threats to the ...

Q&A with National Grassroots Coordinator Keli Carender

Today marks the sixth anniversary of the first wave of protests that grew into the Tea Party movement. We asked National Grassroots Coordinator Keli Carender to reflect on her involvement, and the strength of the movement today. Keli, you don’t necessarily fit the stereotypical conservative activist. Maybe your living in Seattle has something to do with that. Let’s start with how you got involved; did you have any background in political outreach? A few months before the first protest in 2009, I joined the Young Republicans in Seattle in order to meet some other young conservatives, but other than that I hadn't really ever been involved in ...

The Sky is Falling (Again) on President Obama’s Debt Ceiling

In 2011, President Obama talked often and dramatically about the risk of default if America hit the debt ceiling. Now he’s doing it again, using the same factually inaccurate claims: “As reckless as a government shutdown is … an economic shutdown that results from default would be dramatically worse,” Obama said on the morning of the third day of the government shutdown, at an event held at M. Luis Construction Company in the D.C. suburb of Rockville, Md. This time his fact-twisting targets senior citizens: “In a government shutdown, Social Security checks still go out on time. In an economic shutdown, if we don’t raise the debt ...

Debt, Deficits and Dishonesty

On Friday, President Obama declared the following in a speech: But we don't have an urgent deficit crisis.  The only crisis we have is one that's manufactured in Washington, and it's ideological.  And the basic notion is, is that we shouldn't be helping people get health care, and we shouldn't be helping kids who can't help themselves and whose parents are under-resourced  -- we shouldn't be helping them get a leg up.  And so some of the proposals we've seen now are talking about even deeper cuts in programs like Head Start; even deeper cuts in education support; even deeper cuts in basic science and research. …. So when we get back to ...

THE TICKING DEBT BOMB

Tampa—Here at the Republican Convention there is a debt clock to show how much U.S. debt will grow between the convention's beginning and end. It will be a lot, but you probably already knew that. At this writing, the national debt is more than $15,989,000,000 and rising quickly. It may cross the $16 trillion mark before the convention is over-one of those watershed numbers most of us would rather not cross, but that we seem to be crossing pretty regularly these days. That puts the national debt per person at nearly $51,000 and nearly $140,000 per taxpayer-meaning the average per-taxpayer debt is nearly three times the median household income....

Tea Party Patriots Weekly Report from Washington for 7/10/16

CALENDAR: The House will return on Monday, July 11, with the first vote scheduled for 6:30 PM. The House will stay in session until Friday, with no votes later than 3:30 PM. And then begins the Summer Recess, which will last for seven glorious weeks, until Tuesday, September 6. The Senate will return on Monday, July 11, with the first vote scheduled for 5:30 PM. The Senate will stay in session until Friday, at which point begins the Senate’s Summer Recess, which will also last for seven glorious weeks, until Tuesday, September 6. LAST WEEK ON THE HOUSE FLOOR: The House was in recess for the Fourth of July break from Friday, June 24 ...

Tea Party Patriots Weekly Report from Washington for 6/24/16

CALENDAR: The House is in recess for the Fourth of July break, and will not return until Tuesday, July 5. The Senate will be back at work on Monday, June 27. LAST TWO WEEKS ON THE HOUSE FLOOR: The House came back into session on Monday, June 13. They took up seven bills on the Suspension Calendar. On Tuesday, June 14, the House took up two bills under Rules – including H.R. 5053, the Preventing IRS Abuse and Protecting Free Speech Act, offered by Rep. Peter Roskam of IL. That bill passed by a vote of 240-182, with but one Republican – Chris Gibson, of New York’s 19th congressional district – voting against it. So, no soup ...