September 15, 2020
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Tag: National Debt

Unhappy Deficit Day?

Even before our nationwide COVID-19 panic attack, we were heading for yet another trillion dollar deficit. Before the dust settled, 30 million Americans had filed for unemployment, those fortunate enough to have jobs were figuring out how to work...

Massive Inflation May Be Coming

The federal government is moving into the final stages of its fiscal life. Deficits have gotten so enormous that the Federal Reserve simply prints the money the government needs. Why? Because that’s the only option left on the table. For years, we...

Charge It

The National debt clock moves so fast that it is impossible to write down the balance accurately at any given time. It rolls along at about $45.00 per second and is now at $22,028,706,063,174.96 (that’s trillion dollars). As much as this...

Here We Go Again: Another Continuing Resolution

If you seriously think that the government will shut down for any extended period of time and the result would be a balanced budget or a more reasonable approach to our spending situation, then I want to tell you that Santa Claus is not coming down...

Will We Ever Get Our National Debt Under Control?

Probably not and the chances of ever paying it off or even paying it down are slim to none. As of September 20th of this year, we owe $21,499,171,612,329. Yes, that’s $21.5 trillion dollars! At some point during the calendar year 1984, we...

The State of Our Financial Disunion?

Did you happen to notice that the word, budget or cost was totally left out of the 2018 State of the Union message for the coming year? Our Congress lives on debt. Everything the government does represents more and more debt. We have generated close...

Tax and Spend Insanity?

I had to laugh when I watched the current “tax reform” bill pass the House of Representatives for the second time. Only in our beloved Congress could we pass a tax bill somewhere in the amount of $1.5 trillion dollars in deficit spending...

Sadly, My Predictions are Coming True

I have written dozens of articles over the past few years on the amount of debt we, as Americans, are accumulating in Washington called the “National Debt.” And I am sure that many of my readers laughed and said “why worry about it, we will never...