IMF says America’s $39T national debt is actually a global problem — and AI may be the only rescue
America’s $39 trillion national debt has become a familiar political football—batted around in budge[……] Read More
Harvard policy expert: ‘I am certain’ Iran war will cost U.S. taxpayers $1 trillion
Following the 2003 Iraq war, the Congressional Budget Office (CBO) projected the U.S. had spent $500[……] Read More
Next generation of senators inherits a national debt time bomb: Social Security’s insolvency
The Committee for a Responsible Federal Budget (CRFB) has a ticker on its website: The Retirement Tr[……] Read More
The U.S. spends $88B a month in interest on national debt, equal to defense and education spending
The problem with an increasing debt burden is that it costs more to maintain it: This is precisely t[……] Read…
Jamie Dimon: US had home run on national debt, next best option is crisis management
What this borrowing (and its related interest payments) will ultimately mean for the economy remains[……] Read More
Trump, $39 trillion national debt, rosy growth assumptions and the question of ‘a sustainable path’
President Trump’s fiscal year 2027 budget is built on a single, load-bearing bet: that the U.S. econ[……] Read More
Plowshares into swords: Trump’s $1.5 trillion defense surge is the largest since World War II — and no one can explain how to pay for it
President Trump’s fiscal year 2027 budget proposal, released Friday, calls for boosting total defens[……] Read More
Trump wants to add nearly $7T to the $39T national debt with military budget, watchdog warns
Budget hawks in Washington have their eyes trained on April 3, when the White House is scheduled to[……] Read More
Jerome Powell says $39 trillion national debt is ‘not unsustainable,’ but it ‘will not end well’
Federal Reserve Chair Jerome Powell offered a sobering assessment of America’s fiscal health on Mond[……] Read More
Iran, the $39 trillion national debt and dedollarization: How Trump exposed America’s Achilles Heel
The year was 1974 and President Richard Nixon had dispatched his Secretary of State Henry Kissinger[……] Read More
US $39 trillion national debt is ‘crushing legacy’ says budget committee chairman
The U.S.’s eye-watering debt burden poses an “existential threat to the future of our nation,” the c[……] Read More
The Treasury just declared the U.S. insolvent. The media missed it
The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn direc[……] Read More