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:…

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Policy expert: National debt ‘highly problematic’

Romina Boccia, economic-policy-studies research fellow for the Heritage Foundation, in a recent commentary piece warns that our $20 trillion national debt puts our nation in a volatile position. LifeZette has the commentary: Soon the national debt will top $20 trillion. Three-fourths of that has been borrowed from domestic and foreign investors. The rest is money…

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Forbes: ‘Families struggling to pay their bills’ the ones who have the most to lose if we don’t tackle our national debt

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The sheer magnitude of our national debt is mind boggling but something we have to address for the sake of our nation and for the sake of those most vulnerable in the event of a financial crisis. Forbes has the commentary: Since President Obama took office in 2009, the debt has grown by $9 trillion,…

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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…

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Calif. Rep. McClintock: U.S. national debt is ‘out of control’

U.S. Rep. Tom McClintock during a recent speaking engagement in El Dorado Hills, California underscored how severely in the hole our nation is from a financial perspective – something we’ve known for years but need Congress to act on right away. The Folsom Telegraph has the details: “Spending is out of control,” he said. The…

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U.S. News & World Report: U.S. ‘dangerously’ in debt

The U.S. has only to look at other nations’ financial crises to see what’s in store for us if Congress doesn’t tackle our mushrooming national debt, says one economic expert. U.S. News & World Report has the details: Recent research shows that economic growth is even more vital for a nation’s ability to sustain its…

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